Sentient Raises $85 Million Co-Led by Peter Thiel’s Founders Fund to Accelerate Open AI Development
The post Sentient Raises $85 Million Co-Led by Peter Thiel’s Founders Fund to Accelerate Open AI Development appeared on BitcoinEthereumNews.com.
With the once-distant advent of artificial general intelligence (AGI) and the singularity suddenly years instead of decades away, artificial intelligence developer Sentient believes now is the time to establish a “new form of property rights”—and build out an open AI platform to ensure the technology remains accessible to all. “The rapid advancement of AI has the potential to transform every aspect of our lives, but the concentration of power in the hands of a few centralized entities poses significant risks,” Polygon co-founder and Sentient core contributor Sandeep Nailwal said in a statement. “By building an open platform for AGI development, we aim to ensure that the benefits of AI are distributed equitably and that its development aligns with the interests of humanity as a whole.” To achieve this, Sentient announced on Tuesday that it has raised $85 million in seed funding to build out its platform, hire AI research and blockchain engineering experts, and establish partnerships with leading academic institutions and industry players. The round was co-led by Peter Thiel’s Founders Fund, Pantera Capital, and Framework Ventures. San Francisco-based Sentient provides an open-source platform for AI research and development with the goal of “aligning AI innovations toward a community-built open AGI.” AGI is a still theoretical milestone where AI rivals or exceeds human intelligence across all knowledge areas. “Few companies control access to these services—both the knowledge and the model itself, but also the how they offer AI to the rest of the world,” Sentient core contributor Pramod Viswanath told Decrypt. “Even governments can agree that this kind of concentration of AI in a few companies is really dangerous. “On the other side, AI is a technology that many people can contribute to,” he added. Whether AI remains safe and aligned with human interests is a top concern throughout the…
Filed under: News - @ July 3, 2024 8:10 pm