Inference Labs Secures $2.3 Million Funding Round for AI Verification Network
Inference Labs, a company dedicated to developing a network for zero-knowledge verification with Proof-of-Inference for AI, has announced a successful pre-seed funding round worth $2.3 million. The company aims to address concerns surrounding the monopolization and manipulation of artificial intelligence (AI) by promoting freedom of expression and inclusivity.
Inference Labs recognizes the potential risks associated with AI, such as discrimination and algorithmic bias, and is committed to democratizing and decentralizing AI technology. By leveraging the transformative power of Web3, the company aims to create a transparent and secure environment where AI can flourish.
The funding round was led by Digital Asset Capital Management, Delphi Ventures, and Mechanism Capital, and attracted a diverse group of investors, including Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, and Metropolis DAO. Inference Labs plans to use the investment to optimize its innovative approaches to AI verification and accelerate product development.
One of the key innovations by Inference Labs is the integration of zero-knowledge cryptography and advanced machine learning with Proof-of-Inference. This allows miners to provide predictions along with ZK proofs directly on the blockchain, ensuring computational integrity. Miners who deliver accurate predictions and verifiable models are rewarded, optimizing performance within the subnet.
In addition, Inference Labs has introduced Omron.ai, which utilizes AI to optimize staked allocations across Actively Validated Services (AVS). Omron considers various risk factors, such as changes in AVS rewards and their impact on risk-adjusted yields, to select the most advantageous AVS among thousands of options. Users can stake digital assets like Ether and earn rewards through the Liquid Restaking (LRT) protocol.
The Bittensor decentralized network plays a crucial role in the integration of AI and blockchain. It allows machine learning models to be exchanged and monetized on a blockchain platform, with nodes hosting these models serving AI service requests and earning crypto in return for their computational contributions.
The strategic integration of AI and blockchain, along with the successful funding round, represents a significant step towards democratizing AI technology and ensuring its equitable and accessible development while safeguarding against monopolistic tendencies.
To learn more about Inference Labs and Omron, visit their respective websites.
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