Polygon’s AggLayer Boosts Sentient’s $85M Seed Round for AI Development
  • Founders Fund co-led an $85 million investment in Sentient, an open-source AI development platform built on Polygon.
  • Sentient aims to democratize AI development, countering the dominance of tech giants like Google and Meta.

Peter Thiel’s Founders Fund co-led an $85 million seed round investment in Sentient, an open-source AI development platform built on the Ethereum scaler Polygon. Polygon’s foray into AI. Polygon co-founder Sandeep Nailwal is a key contributor to Sentient and highlights the ambitious scope of the project.

The funding round was co-led by Founders Fund, Pantera Capital and Framework Ventures, with contributions from a number of other investors including Ethereal, Robot Ventures, Symbolic Capital and Delphi.

The funding will be used to build out the platform, hire experts in AI research and blockchain engineering, and establish partnerships with leading academic institutions and industry players. Sentient’s goal is to provide an open-source platform for AI research and development that aligns AI innovation with community-built open AGI.

Decentralization and fair distribution

Sentient core contributors emphasize the need for a balanced approach to AI development. Sandeep Nailwal, co-founder of Polygon and core contributor to Sentient, highlighted the risks that come with concentrating power in a few centralized organizations. He stressed the importance of distributing the benefits of AI fairly and ensuring that its development is aligned with the interests of humanity.

Pramod Viswanath, an engineering professor at Princeton University and another core contributor, echoed similar sentiments. He pointed out the dangers of a small number of companies controlling access to AI services and the need for a community-driven approach. While some aspects of AI, such as inference, require significant computing power and may not benefit from decentralization, Viswanath emphasized that other areas can advance with diverse contributions.

Viswanath introduced the idea of ​​new forms of ownership in AI. He argued that community ownership and returning economic value for contributions is important. By respecting ownership and aligning incentives, Sentient aims to distribute power more equitably and make the benefits of AI more accessible to a wider audience.

This new approach to AI ownership is seen as an important step towards preserving ownership of AI. Technology Alignment Focus on human interests: The goal is not to fully decentralize AI development, but to ensure a fair distribution of power and benefits.

Partnerships and collaborations

To advance its mission, Sentient plans to collaborate with leading academic institutions and industry players. These partnerships are expected to bring together a diverse set of experts and stakeholders to contribute to the platform’s development and ensure it remains open and accessible.

The involvement of prominent investors and industry leaders underscores the importance of Sentient’s efforts. By attracting significant funding and support, Sentient is well positioned to make meaningful progress in the development of open AGI.

Despite the promising prospects, Sentient acknowledges the challenges associated with its mission: decentralizing certain AI processes, such as inference, comes at a significant cost and poses practical difficulties. Required computing powerHowever, Sentient remains committed to overcoming these challenges and advancing its vision of a community-driven AI platform. The company’s approach to AI development is based on the belief that diverse opinions and contributions can drive innovation.

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