YZI LABS INVESTS IN TENSORPLEX LABS TO ACCELERATE DECENTRALIZED AI DEVELOPMENT

- @yzilabs , formerly Binance Labs, has made a strategic investment in @TensorplexLabs, a decentralized AI research and development lab advancing the field of blockchain-integrated AI solutions.

- The funding will aid Tensorplex in scaling its AI applications, infrastructure, and tools while reinforcing the synergy between AI and decentralized technologies.

Key Developments at Tensorplex:

Tensorplex Dojo

- Tensorplex Dojo is a decentralized platform designed to enhance Human-AI collaboration by collecting valuable human feedback data.

- The platform empowers users to participate in AI model training, improving their accuracy and responsiveness. In the future, Dojo will facilitate real-time problem-solving and task completion with AI agents, positioning itself as the "Human API" for AI.

Backprop Finance

- Backprop Finance serves as a one-stop DeFi hub within the Bittensor ecosystem. The platform supports subnet dTAO trading and analytics and plans to introduce EVM-powered capital solutions for growing Bittensor’s subnet economy.

What’s Next?

- With YZi Labs' backing, Tensorplex will expand its team and accelerate research and development to advance decentralized AI solutions.

“At YZi Labs, we are bullish on the AI space and believe decentralization will play a key role in its evolution. That’s why we recently expanded our investment focus beyond Web3 to include AI and biotech,” said Andy Chang, Investment Director at YZi Labs. "Tensorplex is pioneering this shift by enabling human expertise to shape AI development in novel ways.”

- In May 2024, Tensorplex Labs secured $3 million in seed funding to grow its decentralized AI infrastructure. The round was led by Canonical Crypto and Collab+Currency, with backing from major investors like Digital Currency Group (DCG), Quantstamp, and Amber Group.

Images: Yzi Labs and Tensorplex Labs X platforms