Decentralized AI development platform PRIME INTELLECT has announced the completion of a $5.5 million seed funding round, with lead investments from DISTRIBUTED GLOBAL and COINFUND, and participation from COMPOUND, COLLAB+CURRENCY, JUAN BENET, and PROTOCOL LABS. This funding round will be used to accelerate the development of PRIME INTELLECT and drive innovation and implementation in global computing aggregation, distributed training framework development, and collaborative training of open AI models.

Wu learned that decentralized AI development platform Prime Intellect has announced the completion of a $5.5 million seed round of financing. Distributed Global and Coinfund jointly led the investment, with participation from Compound, Collab+Currency, Juan Benet, and Protocol Labs. This round of funding will be used to accelerate the development of Prime Intellect and drive innovation and implementation in global computing aggregation, distributed training framework development, and collaborative training of open AI models.

PRIME INTELLECT completes $5.5 million seed round financing.