Prime Intellect Revolutionizes AI with $5.5M Seed Funding
April 27, 2024, 9:30 am
Prime Intellect, a San Francisco-based company, has secured $5.5 million in seed funding to fuel its mission of democratizing access to computing and intelligence through an open and decentralized AI platform. Led by Distributed Global and CoinFund, with support from industry leaders like Compound and Filecoin Creator Juan Benet, Prime Intellect aims to revolutionize the AI landscape by enabling decentralized training and co-ownership of AI models. The company's Prime Intellect (PI) protocol provides the infrastructure for scalable and distributed compute marketplace, collective ownership of AI models, on-chain AI protocol primitives, and decentralized governance frameworks. With a beta platform already live and plans to expand to multi-node compute and decentralized training, Prime Intellect is poised to reshape the future of AI development.