Nous Research secures $50M from Paradigm to build decentralized AI on Solana
Nous Research, a decentralized AI startup, has raised $50 million in a Series A funding round led by Paradigm, valuing the company at $1 billion. The startup, operational since 2022, aims to develop open-source AI models using decentralized infrastructure on the Solana blockchain. This approach allows global participants to contribute idle computing power for AI training, contrasting with centralized models like OpenAI. The funding will primarily be used to scale compute resources and advance research. Nous is currently pre-training a 15-billion-parameter language model in a decentralized manner, emphasizing transparency. Paradigm's investment reflects growing interest in AI within the crypto sector, as it ranks as a top-performing crypto venture capital firm.
