Peter Thiel’s venture capital firm Founders Fund has recently co-led an $85 million seed round investment in Sentient, an open-source AI development platform that aims to democratize artificial general intelligence (AGI). The platform, which will be built on Polygon, represents a significant expansion of the Ethereum scaler into the field of AI. Sentient’s core contributors include Sandeep Nailwal, co-founder of Polygon, bringing together expertise from both the AI and blockchain domains. The project seeks to address concerns about the concentration of AI technology in the hands of a few tech giants like Google and Meta by promoting the development of open-source AI solutions. Open-source code, which is publicly available for anyone to use and modify, lies at the heart of blockchain technology and has played a crucial role in the development of cryptocurrencies and digital assets. By adopting an open platform approach, Sentient aims to ensure the equitable distribution of AI benefits and align the development of AGI with the broader interests of humanity. ‘By building an open platform for AGI development, we aim to ensure that the benefits of AI are distributed equitably and that its development aligns with the interests of humanity as a whole,’ Nailwal emphasized in a recent announcement. Sentient is set to enter the testnet phase in the current quarter, leveraging the funds raised in the seed round to further develop its platform and attract top talent from the fields of AI research and blockchain engineering. The round was co-led by Pantera Capital and Framework Ventures, with participation from prominent investors such as Robot Ventures, Delphi, Republic, and Arrington Capital. Impact of Sentient’s Open-Source AI Platform The emergence of Sentient’s open-source AI platform marks a significant step towards democratizing access to advanced AI technologies. By fostering collaboration and innovation in the development of AGI, the platform has the potential to accelerate the progress of AI research and applications across diverse industries. Furthermore, the integration of Polygon’s scalable infrastructure with AI development opens up new possibilities for creating efficient and decentralized AI solutions. This synergy between blockchain technology and AI could lead to the emergence of novel use cases and applications that leverage the strengths of both domains. Through its commitment to open-source principles, Sentient is not only revolutionizing the way AI technologies are developed but also setting a new standard for transparency and inclusivity in the AI ecosystem. By empowering a broader community of developers and researchers to contribute to AGI development, Sentient is paving the way for a more diverse and collaborative future in artificial intelligence.
Peter Thiel’s Founders Fund has made an investment in Sentient’s open-source AI development platform.
14/07/2024
0
70 VIEWS
Discover how Peter Thiel's Founders Fund backs Sentient's open-source AI platform, revolutionizing the development landscape with cutting-edge technology.