The open-source artificial intelligence development platform Sentient has completed a $85 million seed funding round, led by Peter Thiel's Founders Fund, Pantera Capital, and Framework Ventures. The project aims to disrupt the dominance of centralized AI model development and promote the construction of a decentralized Artificial General Intelligence (AGI) platform. Sentient will be built on Polygon, utilizing blockchain technology to incentivize collaboration in building and expanding AI models. Additionally, Sentient plans to compete with OpenAI by providing an open and accessible AI platform that allows users to access and contribute to models.

MATIC

These days, the open-source artificial intelligence development platform Sentient announced the completion of an $85 million seed round of financing, aiming to break the dominant position of centralized AI model development in the industry. This substantial financing has attracted the attention of many in the market.It was 2017, a time when people were enthusiastic about Initial Coin Offerings (ICOs). As long as there was a whitepaper, even without a product, funds could be raised, leading many projects to fail after fundraising. In India, after launching the MATIC Network with JD Kanani and Anurag Arjun, the team could easily raise $20 million, but they chose not to take that route because taking shortcuts and making quick money contradicted Sandeep's philosophy. Sandeep responded, "Matic is solving a long-term problem, so we had to choose a slower growth path. If we had received a large amount of funding early on, it might have limited our development and vision." In the end, they chose to raise a limited amount of funds - $5 million from Binance, and spent more time refining the product. In conclusion, besides the team's keen entrepreneurial instincts and strong technical capabilities, Sandeep's spirit must be an indispensable stabilizer in the process of Polygon's success, and will surely bring more than just technical expertise to Sentient's core essence.If you want to open AI, a major limitation is the cost, which includes training costs and data collection costs. Sandeep has publicly expressed his views on this: through encrypted incentives, these cost issues can be solved by open sourcing, such as the need for tokenized models, which Polygon will have multiple attempts at. In addition, decentralized computing, such as the DePIN infrastructure for AI computing, has had multiple attempts. AI demand is high but supply is limited. Although decentralized solutions may solve the supply problem, they may not necessarily replace centralized providers because the latter may be superior in coordination and performance. Highlight Three: Open Source AI, Competing with Disruptive Ideas and Tech Giants like Google. Finding long-term decentralized alternatives for entities providing AI services like OpenAI is a pain point in the AI era. Firstly, why does AI need to be open source? We all know that artificial intelligence is developing rapidly and has the potential to change many aspects of human life, but there is a significant risk if these technologies are controlled by a few companies. Secondly, why do we need decentralized alternatives? Today, the development of Artificial General Intelligence (AGI) is mainly carried out secretly by large companies because they have a lot of resources. This closed approach means that all model parameters and variables cannot be checked, verified, or distributed by outsiders and are completely controlled by these companies. This is also Sandeep's concern, which led to the idea of developing Artificial General Intelligence (AGI) through a decentralized open platform to ensure that the benefits of AI are fairly distributed and the development process is in everyone's interest. To address these issues, Sentient was born. Imagine an AI platform that is open and open source, allowing collaboration and incentivizing people to build and expand AI models through blockchain technology, with participants receiving rewards. This is what Sentient aims to do, dedicated to building open-source AI models through community contributions to address the centralization and security ethics issues in the current AI field. Additionally, its goal is to compete directly with OpenAI and differentiate itself through its community-building approach. Unlike OpenAI, which restricts users from directly accessing its models, Sentient will allow users to access the models, contribute to them, and reward contributors. Sentient's reward mechanism is implemented through initiating It is advisable for users to wait for further information disclosure or interact after the project progresses. In the current situation with limited information and no project developments, it is prudent to be cautious when clicking on websites and Discord links below tweets to protect financial security.

Summary:

The rapid development of AI has brought humanity to a crossroads of two future worlds. One path leads to a closed world dominated by a few large companies and closed-source models. The other path leads to an open world where models are open-source by default, and reasoning is transparent and verifiable.

This open world is our ideal future, and only through blockchain technology can this vision be realized, making artificial intelligence more fair and transparent.

Each bull market will have a group of public chains gaining momentum, and when the bull market ends, another group of public chains quietly exits the stage. We look forward to Sentient leading Polygon and Ethereum towards a deeper future.