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Here are some of the latest trending news in AI development as of today, July 25, 2024: SLB and Aker BP Partnership: SLB and Aker BP have announced a long-term partnership to co-develop an AI-driven digital platform aimed at accelerating innovation and efficiency across Aker BP’s exploration and production operations. Code Metal’s Funding: AI startup Code Metal has secured $16.5 million in seed funding to accelerate the development of AI-powered workflows for edge computing. The funding round was led by Shield Capital, with contributions from J2 Ventures and Fulcrum Venture Group. Nigeria’s AI and Blockchain Training: Nigeria has launched an annual training program for 1,000 citizens in AI and blockchain, with the goal of achieving global leadership in these technologies. Meta’s New AI Model: Meta has released its largest ‘open’ AI model to date, Llama 3.1 405B, which contains 405 billion parameters and is trained using 16,000 Nvidia H100 GPUs. This model is available for download or use on cloud platforms like AWS, Azure, and Google Cloud, and is also powering a chatbot experience for U.S.-based users on WhatsApp and Meta.ai. TechCrunch Disrupt 2024 AI Stage: TechCrunch Disrupt 2024 has announced a dedicated AI Stage presented by Google Cloud, featuring industry leaders and discussions on topics such as the transition from search engines to knowledge engines, the business of labeling, and the impact of generative AI on disinformation. These highlights reflect the dynamic and rapidly evolving field of AI, with developments spanning from corporate partnerships and venture capital investments to educational initiatives and technological advancements. Be sure to contact Julio Pinet to schedule a free 15-minute consultation and subscribe to our newsletter https://lnkd.in/gBfCtM2S  San Antonio AI Leadership 5.0 and join our official group San Antonio Artificial Intelligence Worldwide Leadership - Official Group. https://lnkd.in/gu42XxHr

Dive into the Future with Autonomys: A Comprehensive Look at the AI3.0 Ecosystem 🚀 Introduction Welcome to the future of AI and blockchain integration with the Autonomys Network! Autonomys is pioneering the AI3.0 paradigm, combining decentralized infrastructure with cutting-edge innovations to enhance human autonomy and build a collaborative, secure, and scalable ecosystem. Vision and Background At the heart of Autonomys lies a vision to redefine the relationship between humans and machines. The Evolution of AI The journey of AI has been marked by significant milestones. AI1.0 saw the rise of centralized machine learning on Big Tech cloud platforms. Core Components of the Autonomys Ecosystem The Autonomys ecosystem is built on several key innovations that collectively drive its unique value proposition. The Subspace Protocol is a breakthrough storage-based consensus mechanism that separates consensus from execution. Another cornerstone of the Autonomys ecosystem is Auto ID and Auto Score. These innovations provide self-sovereign identity and probabilistic proof-of-personhood protocols. They enable secure and verifiable digital identities for both users and AI agents, fostering trust and security in interactions. The ecosystem also features a robust agent infrastructure, where personal AI agents manage user tasks with secure storage and verifiable identities. This infrastructure facilitates complex collaborations through multi-agent systems (MAS), enabling a new level of efficiency and autonomy. Decentralized learning is another critical component, promoting collaborative AI development through secure multi-party computation and differential privacy. The Proof-of-Training protocol ensures ethical data monetization and fair rewards for AI training contributions, further enhancing the ecosystem’s integrity. The Global DAO Mesh is an innovative network of decentralized autonomous organizations that leverage collective intelligence for enhanced governance and decision-making. This feature epitomizes the synergy between human and AI collaboration within a decentralized framework. The Distributed Storage Network (DSN) provides permanent and distributed data storage to support scalable AI applications. By ensuring data permanence and availability, DSN underpins the robust functionality of AI-powered applications within the Autonomys ecosystem. Core Partners The success of the Autonomys ecosystem is bolstered by strategic partnerships. Glacier Network plays a crucial role by integrating decentralized database and data availability layers with Autonomys’ storage network. Conclusion The Autonomys Network represents a transformative vision for the integration of AI and blockchain. By emphasizing a decentralized, secure, and scalable infrastructure, Autonomys is paving the way for AI3.0, where human-AI collaboration and data sovereignty are paramount.

Very topical conversation what with our Cohort 2 applications now open for founders building at the intersection of Web3 and DeAI The recent cooling off in AI investments, highlighted by market volatility and declining stock prices for major tech companies like Nvidia and Microsoft, suggests that the AI hype may be deflating. Despite the recent downturn, this doesn't indicate the end of AI's potential but rather a recalibration of expectations. The technology continues to advance, and companies are finding real, sustainable value in AI applications, with retention rates of AI products soaring from 40% to over 70% in just a year. For startups at the intersection of Web3 and decentralized AI (DeAI), this presents a unique opportunity. While the broader market may be tempering its expectations, there is still substantial potential in the convergence of blockchain and AI technologies. This is especially relevant for ventures that can address real-world problems through decentralized and community-driven AI solutions. The CryptoOracle Accelerator, with its focus on empowering Web3 startups, is perfectly positioned to support the next wave of innovation in this space. The current market conditions mean that only the most promising, value-driven projects will attract attention and investment. If your startup is working at the intersection of blockchain and AI, this is an opportune moment to apply to the accelerator. The support and resources provided can help navigate the challenges and capitalize on the growing interest in sustainable and practical AI applications within the decentralized ecosystem. In conclusion, while the AI market is undergoing a necessary correction, the long-term prospects remain bright, especially for those who are building at the cutting edge of Web3 and DeAI. Now is the time to seize the moment and be part of the next cohort that will lead the future of decentralized innovation. Thanks to https://lnkd.in/dc-kuGM8 for inspiring this content If you are a business at the intersection of Web3 and AI, please click here to apply to Cohort 2 of the https://lnkd.in/djqJ2Wbh

Democratizing AI for the Aptos ecosystem and beyond! 🤝 The io.net and Aptos Labs partnership means distributed, scalable GPU resources, as well as a coming suite of AI models and inference products — making AI technology even more accessible on the Aptos network. Learn how io.net plans to leverage Aptos’ unparalleled safety, speed and performance to support its AI innovations: https://lnkd.in/dQMt9xV5

We're excited to announce Newman Capital's investment in Inference Labs Inc.’ $2.3M Pre-Seed round! We're backing a future where AI meets Web3 to revolutionize technology and the global economy. What is Inference Labs? Inference Labs specializes in developing advanced infrastructure and products for AI on web3. They focus on building Verifiable models through Decentralized inference, an essential step for building a future where anyone can access AI without counterparty risk. Achieving this reality through the principles of unrestricted accessibility, privacy, and self-sovereignty. Transparency and Accessibility: Inference Labs is dedicated to making AI not just smarter, but also more equitable. With their open-source model, they ensure that AI development is transparent, inclusive, and widely accessible. 🌍✊ Natural Selection in AI: Inference Labs believes in the power of seamless interactions—whether between people or machines. Their approach leverages the simplicity and efficiency of cryptocurrencies to facilitate global AI cooperation. 🌟💬 Zero Knowledge, Full Privacy: Utilizing zero-knowledge proofs, Inference Labs enhances the security of AI interactions. This means verifying AI outputs without exposing or recalculating the data, ensuring privacy and integrity. 🛡️🤫 Trustless AI for a Decentralized Future: Their platform is not just a tool but a foundation for a trustless, secure, and transparent future. This is crucial for realizing the potential of a decentralized web and AI infrastructure. 🚀🌐 How does it align with our Decentralized AI thesis? With their innovative use of blockchain to enable secure and private AI inferences, Inference Labs is setting the stage for a future where AI can operate globally without limitations. They're a game-changer in the tech world! 🎮🌍 Investment Potential: As investors, we recognize the transformative impact of Inference Labs. Their fusion of AI and blockchain not only addresses current technological needs but also anticipates future trends. This is why we at Newman Capital are bullish on their trajectory. 💸📈 If you believe in a future where AI is open, decentralized, and inclusive, keep your eye on Inference Labs. They're not just part of the future; they're making it. 🌟

Alpha Sigma Capital Research released a new report on CETI AI. We'll be diving into the elements reported over the next week or so. This graph from their report mentions: "In the decentralized AI space, CETI AI stands out as the only significant player in the data center software segment. CETI AI’s software is crucial for decentralized AI to compete with centralized AI giants by efficiently managing and optimizing AI compute resources." Which supports something our CSO, @tonyevanscrypto says regularly, that we are supplying the picks and shovels of decentralized AI. Check out their press release: https://lnkd.in/eAzUEQ-a #depin #compute #decentralizedai

Interesting AI developments from our neighbors up north -> Toronto based Cohere secured $240 million CAD (Roughly $170 million USD) form the Canadian Government to build a multibillion-dollar Canadian AI data centre they will build in partnership with CoreWeave. "The feds have committed up to $240 million CAD (Roughly $170 million USD) towards the effort. This marks the government’s first investment through its recently unveiled $2-billion Canadian Sovereign AI Compute Strategy, which is aimed at ensuring the country’s AI sector has access to the infrastructure it needs." “The government is absolutely committed to providing the support that you need to attract private capital, to cut through any red tape that you are encountering in getting these data centres built,” Deputy Prime Minister Chrystia Freeland said during the press conference announcing the investment. If you aren't familiar with CoreWeave, "CoreWeave was founded in 2017 by three commodities traders who turned their cryptocurrency mining hobby into an Ethereum mining company, using GPUs to verify blockchain transactions — doing business out of a New Jersey data center. By 2019, the founders had pivoted — fortuitously, in hindsight — to building a specialized cloud infrastructure spanning seven facilities that offered GPU acceleration at scale." "CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio. The cloud infrastructure company said it’s raised $12.7 billion from equity and debt investors in the past 18 months, including a $1.1 billion round in May at a $19 billion valuation. By the end of 2024, CoreWeave plans to have 28 data centers across the U.S. and abroad — including locations in Austin, Texas, Chicago, Las Vegas and London — and it plans to build another 10 data centers in 2025. In the past, CoreWeave has supplied Microsoft and French AI startup Mistral with graphics processing units, or GPUs. As of last year, CoreWeave reportedly had $2 billion in revenue under contract lined up for 2024." Looking forward to similar investments out of the US government in the future. https://lnkd.in/eFRw6Hda

🚀 AI and Data Weekly Insights Are Here! 🚀    This week’s updates powerfully remind us how quickly the AI and data landscape is evolving and the critical opportunities businesses and startups need to seize.    Here are the three stories I’m unpacking in this week’s video:    1️⃣ Rising AI Failures and the Case for Decentralization  Centralized AI systems are showing cracks, with experts predicting a surge in failures by 2025. Blockchain could be the key to creating more resilient, secure AI architectures. My take? Businesses need to act now to ensure their AI infrastructure isn’t a single point of failure (e.g. OpenAI integration). For startups, this is a huge opportunity to innovate by combining AI with decentralized tech like blockchain.  🔗https://lnkd.in/gFAyyukb   2️⃣ AWS Calls for Generative AI to Move Beyond Prototypes  It’s time for generative AI to step out of the lab and into production. AWS is leading the charge, showing how businesses can scale AI for real-world impact. I believe this is where companies will find the competitive edge—those who operationalize AI will thrive. For startups, it’s all about offering solutions that make this transition easier and faster.  🔗https://lnkd.in/gTfBkPEJ   3️⃣ Microsoft’s Stand on AI Data Privacy  Microsoft is taking a firm stance, denying claims it uses customer data from tools like Word and Excel to train AI. Transparency in data practices isn’t just about compliance—it’s about trust. In my opinion, businesses that prioritize privacy will win in the long term. Startups especially have a chance to stand out by building trust into their DNA from day one.  🔗https://lnkd.in/gYnd5Awd 👉 Why It Matters  These stories highlight key themes—resilience, operationalization, and trust—shaping the future of AI and data. The companies and startups that embrace these principles will not only survive but also lead in this rapidly changing landscape.    🎥 Watch the full breakdown in this week’s video! Let me know what you think in the comments—how are you tackling these trends in your work?   

Here’s what you can learn about building in crypto consumer from YC’s most recent batch: - 40% more consumer startups in the most recent YC batch (70% AI driven) - YC partners are pushing AI dev tooling and infrastructure that supports apps hard YC thinks that the next AI cycle will be purely Apps/consumer driven, and thus it makes sense to fund dev tools. We should consider the next Ai x Crypto Cycle in 2026… If we see what has PMF now in AI consumer its @character_ai and @MyReplika, which has led to web3 counterparts like @myshell_ai having excellent retention. Based on this the 2026 AI x Crypto cycle will likely echo web2 Copilot apps. It is what’s finding PMF today. This means we should stop focusing on how crypto can help scale AI… it’s tough enough competing for AI enterprise compute contracts with crypto native products against compute providers with infinite pockets. We should focus on what will pave the path for ai x crypto apps. This is likely RAG infra, training and finetuning tools, models for crypto use cases. Thoughts? @ycombinator