Sentient Labs Secures $85M to Revolutionize AI with Blockchain Technology
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Sentient Labs, a San Francisco-based blockchain AI startup, has secured $85 million in seed funding from prominent investors like Founders Fund and Pantera Capital.
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The funding will support the development of their open-source AI platform, team expansion, and partnership establishment.
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Founded in 2024, Sentient Labs aims to democratize AI development by rewarding engineers for tasks such as data labeling.
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The company plans to launch a testnet in two months to showcase their concept, which combines AI and blockchain technology.
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VCs are increasingly intrigued by the intersection of crypto and AI, viewing it as an opportunity to create new financial and AI ecosystems based on first principles and crypto values.
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This trend could potentially contribute trillions to the global economy by 2030.
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The open-source nature of projects like Sentient Labs is attracting investors, contrasting with the closed-door approach of traditional AI companies.
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While the hype surrounding crypto x AI is driving urgency among investors, the future potential remains uncertain.
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VCs are carefully weighing the risks and rewards of investments in this emerging field, balancing optimism, caution, and speculation.
Summary based on3 sources