SingularityNET (AGIX) Announces $53M Investment in AI Infrastructure and Key Ecosystem Updates
Zach Anderson Aug 01, 2024 12:34
SingularityNET (AGIX) reveals a $53M investment in AI infrastructure, updates on ASI Alliance token merger, and progress reports from ecosystem projects like SingularityDAO and Rejuve.Bio.
SingularityNET (AGIX) has announced a significant $53 million investment aimed at advancing decentralized Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI) through the development of a modular supercomputer. This investment is part of SingularityNET's broader efforts to enhance its decentralized AI ecosystem, according to SingularityNET.
$53M AI Infrastructure Investment to Advance AGI
On July 23, 2024, SingularityNET announced an initial $53 million investment to build the world’s first modular supercomputer dedicated to decentralized AGI and disruptive ASI R&D. The supercomputer will feature state-of-the-art High-Performance Computing (HPC) and AI data centers. It is designed to optimize the training of Deep Neural Networks (DNNs), Large Language Models (LLMs), and hybrid neural-symbolic computing architectures such as OpenCog Hyperon.
The supercomputer will manage extensive and heterogeneous computational tasks, enhancing the speed and efficiency of compute processes. Recent hardware acquisitions include advanced GPU compute systems like Nvidia L40S GPUs, AMD Instinct, and Tenstorrent Wormhole server racks. The investment also includes modular compute containers that can be positioned globally, serving as decentralized hubs for broader networks of heterogeneous computing devices.
ASI Alliance Token Merger Update
The ASI Alliance, including SingularityNET, Fetch.ai, and Ocean Protocol, announced the completion of their core token merger process on June 22, 2024. Over 50% of the circulating Alliance token supply has merged under a single token, the Artificial Superintelligence Alliance (FET). The alliance will introduce cross-chain bridges and migration solutions to facilitate the transition for holders on blockchains like Cardano and BNB Chain.
SingularityNET’s Technical Tuesdays
SingularityNET continues to explore the development of its decentralized AI platform through its ‘Technical Tuesdays’ series. A special session on July 23, 2024, featured discussions on the $53 million investment in AI infrastructure, highlighting investments in cutting-edge GPUs and CPUs from Nvidia, AMD, and Tenstorrent. The session also covered the establishment of ‘ASI Hyperon’ Nodes, integrating technologies from ASI partners and later stages incorporating HyperCycle and NuNet technologies.
SingularityNET Ecosystem All-Hands on X Spaces
The third edition of the SingularityNET ecosystem all-hands meeting on X Spaces featured updates from projects like SophiaVerse, Cogito, Rejuve.Bio, and Jam Galaxy. Discussions included the launch of the Global AI Ethics initiative and the integration phase of the ASI token merger.
Ambassador Program
The SingularityNET Ambassador Program continues to strengthen the ecosystem's transparency and decentralization. In July, Ambassadors contributed to the AI Ethics workgroup, held retrospective Town Hall sessions, and initiated monthly Workgroup Syncing calls. Recordings of these meetings are available on YouTube.
Ecosystem News and Updates
SingularityDAO
SingularityDAO, a decentralized portfolio management protocol, announced several strategic partnerships and integrations. These include collaborations with Jam Galaxy, Alpha Capital, and Outlier Ventures. The protocol also facilitated the ASI Alliance token migration on its dApp.
Rejuve.Bio
Rejuve Biotech focuses on mitigating age-related diseases through advanced AI and multi-omics research. The project continues to grow its crowd fund, preparing for presentations at AGI-24 and other industry events.
Cogito
Cogito provides institutional-grade investment products by bringing traditional financial assets onchain. The project onboarded new investors, listed its token on partner Plena, and participated in various industry podcasts and summits.
Jam Galaxy
Jam Galaxy, a Web3 music studio, announced a strategic partnership with SingularityDAO and is experiencing significant growth. The platform is nearing completion of its DePIN simulation and preparing for a testnet run.
Latest SingularityNET Events and Conferences
FIL Brussels
SingularityNET participated in FIL Brussels, discussing its new partnership with Filecoin to advance AI capabilities through DePIN. The collaboration aims to integrate Filecoin’s tech stack into SingularityNET's platform and leverage Filecoin for creating and managing Knowledge Graphs.
SingularityNET Community Spotlight
Community leaders actively contribute to the growth of the SingularityNET ecosystem. Recent initiatives include videos discussing the ASI Alliance and updates on the ASI token merger, as well as participation in industry events like ADN2024 in Buenos Aires.
SingularityNET in the News
Recent media coverage highlights SingularityNET's progress and partnerships:
- Cointelegraph — SingularityNET to invest $53M in AI infrastructure, modular supercomputer;
- Decrypt — SingularityNET Puts $53 Million Toward an AI ‘Supercomputer’ and New Data Centers;
- Data Center Dynamics — Blockchain-based AI startup to invest in data center modules from Ecoblox;
- Cointelegraph — SingularityNET and Filecoin partner for AI and DePIN;
- Decrypt — How AI is Paving the Way to a Transhumanist Future (Dr. Ben Goertzel).
About SingularityNET
Founded by Dr. Ben Goertzel, SingularityNET aims to create a decentralized, democratic, inclusive, and beneficial AGI. The team includes seasoned engineers, scientists, and researchers focused on various application areas such as finance, robotics, and biomedical AI.
For more information, visit the SingularityNET website.
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