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Market News

Dfinity and SingularityNET Unite for Decentralized AI Revolution

Dominic Williams, founder of Dfinity Foundation, has noticed a significant increase in AI-related projects on the ICP blockchain.

Written By Kelvin Munene Kelvin Munene
Published 2023-11-20
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Dfinity files Lawsuit Against Facebook’s Meta over its Logo

Dfinity Foundation partnered with the AI-focused blockchain firm SingularityNET, aiming to transform the infrastructure of decentralized AI. It will enable decentralized applications (DApps) on the Internet Computer blockchain to seamlessly access large language models (LLMs), a crucial step in enhancing the capabilities of DApps.

This integration addresses the opaque nature of training data in centralized systems. By decentralizing AI models, the partnership aspires to achieve tamper-proof transparency previously unattainable.

📢 @SingularityNET 🤝 DFINITY Foundation to build AI Models that run on smart contracts

"The collaboration enhances the transparency & trustworthiness of DeAI models developed & deployed on #ICP using SingularityNET’s reputation system and governance framework," says @dominic_w https://t.co/cyYAV716GM pic.twitter.com/uzIkUSfc2K

— DFINITY Foundation (@dfinity) November 20, 2023

Developers on the ICP network can now utilize AI capabilities with the assurance that the underlying models are secure and transparent.

Additionally, this alliance goes beyond mere technological integration. Both companies are set to merge their grant programs, a move designed to stimulate community developer engagement.

This initiative provides resources for developers to explore and expand the frontiers of decentralized AI. It represents a significant commitment to nurturing the growth of a developer community around these emerging technologies.

SingularityNET CEO Stresses the Need for Decentralized AI

SingularityNET’s CEO, Ben Goertzel, underscores the urgency of this development. He points out that with AI potentially on the brink of achieving human-level artificial general intelligence (AGI), it’s imperative to democratize access to advanced AI systems. Ensuring that elite groups or major corporations do not monopolize these systems is a key focus of their strategy.

Dominic Williams, founder of Dfinity Foundation, has noticed a significant increase in AI-related projects on the ICP blockchain. Following the launch of a $5 million grant in July, this surge signals a growing interest in leveraging blockchain technology for AI applications. Williams believes the partnership with SingularityNET will further propel their vision for a decentralized AI ecosystem.

The collaboration between Dfinity and SingularityNET marks a pivotal development in decentralized technology. It set the stage for a new era of transparent, secure, decentralized AI applications. This partnership promises technological innovation and fosters a collaborative community spirit, driving the evolution of decentralized AI.

Also Read: Dfinity’s Internet Computer to Introduce Bitcoin-based Smart Contracts

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Artificial Intelligence (AI)
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Kelvin is former crypto journalist at The Crypto Times
By Kelvin Munene
Kelvin Munene is a seasoned crypto journalist who excels in news writing, analysis, trading, editorial services, and market research. With over 5 years of working with major publications in different roles, Kelvin has earned extensive experience in the Crypto space. A passionate blockchain enthusiast, Kelvin balances his extensive research with family time and football.

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