Sahara AI acquires $43m to develop decentralized AI system

Sahara AI, a rising tech firm, has received $43 million toward its ambitious goal of integrating blockchain technology with artificial intelligence to create a decentralized, collaborative platform.

Leading investors in the investment round included Matrix Partners, Samsung NEXT, and Pantera Capital, with contributions from Polychain Capital and Binance Labs.

In the AI business, where big, centralized companies usually dominate the creation and application of AI models, Sahara AI, which was founded in 2022, is upending the current status quo.

The goal of the company is to democratize AI by providing a platform where contributors may actively engage in and profit from the process of developing AI.

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This methodology stands in stark contrast to the prevalent Web2 paradigm, when users frequently exchange their data and expertise without any kind of transparency or payment.

According to Sahara AI’s CEO and co-founder Sean Ren, the platform would allow for on-chain attribution at every stage of the AI development process.

This implies that just compensation will be given to all parties engaged, including those running the infrastructure, refining models, and providing information.

“In the current landscape, users often have no visibility into how their data and models are used, and there’s a lack of protection for their contributions. We aim to change that by providing a transparent, secure framework through our Sahara Blockchain Protocols,” said Ren.

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