Decentralized AI protocol Prime Intellect completes $15 million in financing, led by Founders Fund

PANews March 3rd news, according to official news, Prime Intellect, the decentralized AI protocol, announced that it has completed a US$15 million financing, led by Founders Fund, led by Menlo Ventures, Andrej Karpathy (EurekaAI, Tesla, OpenAI), Clem Delangue (Hugging Face), Dylan Patel (SemiAnalysis), Tri Dao (Together.AI), Balaji Srinivasan (Network School), Emad Mostaque (Stability AI, Intelligent Internet), Jake Medwell (8VC co-founder), Brendan McCord (Cosmos Institute), Sandeep Nailwal (Polygon) and others participated in the investment. This brings its total financing to more than $20 million.

According to reports, Prime Intellect is building a peer-to-peer protocol for computing and intelligence, which will enable collective creation, ownership and access of sovereign open source AI. The Prime Intellect protocol is already running on the testnet, which builds a trustless, community-driven ecosystem where contributors will benefit from the models they help create.