Decentralized AI platform PRIME INTELLECT has completed a $5.5 million seed funding round, led by DISTRIBUTED GLOBAL and COINFUND, with participation from COMPOUND, COLLAB+CURRENCY, JUAN BENET, and PROTOCOL LABS. The funds raised in this round will be used to build a computing platform that enables decentralized training across instances, and to achieve collective ownership of artificial intelligence models through contributions of computing power, code, data, capital, or expertise.

Odaily Planet Daily News - Decentralized AI platform and protocol Prime Intellect announced the completion of a $5.5 million seed funding round. Distributed Global and CoinFund led the investment, with participation from Compound, Collab+Currency, Juan Benet, and Protocol Labs. The new funds will be used to build a computing platform, enable decentralized training across instances, and achieve shared ownership of artificial intelligence models through contributions of computing power, code, data, capital, or expertise. (Prnewswire)

Decentralized AI platform PRIME INTELLECT completes $5.5 million seed round financing.