GaiaNet, a developer of decentralized AI technology, is disrupting the centralized artificial intelligence landscape by harnessing blockchain technology to establish a new standard.
Securing a substantial $10 million in funding, GaiaNet is on a mission to create a blockchain tailored for large language models and generative software. This funding will fuel the creation of a decentralized network of edge nodes operated by individuals and businesses, making AI tools more accessible and inclusive compared to industry giants like Google.
CEO Matt Wright envisions a future where humans and AI interact in a new way, paving the way for sovereign infrastructure to manage artificial intelligence.
In a bid to address the shortage of experts in higher education, GaiaNet is introducing AI-powered teaching assistants that operate in a decentralized manner. Partnering with the University of California, GaiaNet is developing chatbots to assist STEM students.
Notable participants in the seed funding round include Lex Sokolin from Generative Ventures, Brian Johnson from Republic Capital, Shawn Ng from 7RIDGE, Kishore Bhatia, EVM Capital, Mirana Ventures, Mantle EcoFund, and ByteTrade Lab.
Lucas Lu, CEO of ByteTrade Lab, expressed excitement about the investment in GaiaNet, highlighting the endless possibilities that the decentralized AI network offers for users and developers to collaborate with AI agents.
GaiaNet has commenced testing its product in the first phase in Q2 2024 and plans to launch its testnet and software development kit in Q3 2024.
For more insights, check out how decentralized AI is poised to drive the emergence of the next generation of Silicon Valley unicorns.