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HomeNewsSingularityNET and AI Decentralized Tie Up An Alliance with $100 Million Funding

SingularityNET and AI Decentralized Tie Up An Alliance with $100 Million Funding

SingularityNET and AI Decentralized have announced the Decentralized AI Alliance (DAIA), an open industry alliance trying to foster the development of decentralized AI technologies.

SingularityNET is best known for powering Sophia, the Hanson Robotics robot and is a decentralized platform and marketplace for AIs, lead by Dr. Ben Goertzel; AI Decentralized is the Association for Computing Machinery’s Global Initiative to connect AI practitioners with blockchain practitioners.

Goertzel and Toufi Saliba, founder of AI Decentralized, announced the formation of DAIA on 22nd May at the Artificial Intelligence Decentralized event at Toronto’s Fairmont Royal York. The alliance has been in the works in the AI-meets-blockchain community for some time. An early organizational event was held at Hong Kong Science Park after the Token2049 conference in March 2018, attended by leaders and founders from numerous projects.

The alliance will provide a medium for member organizations to coordinate standards, protocols, interfaces, and other technical matters, along with organizing community events, providing networking opportunities, and giving legal and management guidance.

DAIA will also foster the creation of funds to support Artificial Intelligence blockchain-powered projects. The initial DAIA plan involves an affiliated fund that will support 100 projects over the next two years, with funding allowances of $2 million for each of the first 50 projects.

Initial projects being considered include machine learning based cybersecurity solutions, Artificial Intelligence-driven reputation management, and collaborative filtering tools specialized for decentralized networks, as well as logical inference engines for validating the properties of smart contracts.

Dr. Ben Goertzel, head of SingularityNET, said

“Today we face an AI oligopoly, where data and frameworks are largely owned by a handful of corporations. With DAIA, we aim to leverage blockchain and related technologies to create a democratically-governed AI community that will benefit the broader society, rather than a few powerful companies.”

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