A brand-new start-up company called AI Crypto is now developing an AI ecosystem based on blockchain. The AI Crypto team is currently trying to solve problems in the AI research field, use the blockchain technology in the field of AI research to solve never-ending problems in AI development, such as wasting GPU resources on meaningless calculations and oligopoly of machine learning research data sets by big corporations.
Blockchain technology used in cryptocurrency mining wastes superabundant amount of electricity with worthless calculations with Graphics Processing Units (GPU). To prevent these kinds of calculations, the AI Crypto team developed a new technology called “Distributed GPU Network”. With this, requests are distributed equally to all GPU pools. In this way, one individual won’t be able to assign specific GPU calculations, preventing the misuse of GPU resources. AI Crypto team also developed a new consensus mechanism called Proof of Value (PoV). With this mechanism, they can verify transactions through AI machine learning calculations.
In order to conduct machine learning research, it is necessary for researchers to have a large number of data sets. But for small corporations, it is not an easy task to acquire that much data. Until now, only large corporations like Google and Apple could get the large data sets that are necessary to conduct intricate machine learning researches. The AI Crypto platform’s main priority is to solve this problem by paying data providers with AI Crypto Tokens in return. A data provider will receive tokens every time when his/her data gets used. This incentive system will help create and distribute more AI data.
The AI model is notorious for its difficulty to develop since an AI must go through a gigantic amount of data to identify pictures or recognize voices. AI Crypto’s platform enables developers to access data and build models with much less effort, and they can also easily provide them to numerous companies. It’s a win-win situation for both developers and companies since they don’t have to put much effort as they used to. This is what AI Crypto is ultimately aiming for: reducing the cost of developing models for both developers and companies.
SJ Lee, the CEO of AI Crypto, is a graduate of Hongik University and former SK Communications Innocean Digital Marketing Director. He has resolute trust in the potential of AI and blockchain, stating:
AI Crypto aims to revolutionize both the blockchain and AI space. I envision a future where all AI calculations are run in the AI Crypto platform.
The AI Crypto team is comprised of machine learning engineers and blockchain developers with over 10 years of experience. The team is preparing for an ICO in May 2018, a beta API in December 2018, and a full launch in June 2019. Learn more at aicrypto.ai.
About AI Crypto
AI Crypto is developing an AI ecosystem based on blockchain technology. The company’s main focus is to develop a tokenized platform that distributes GPU resources, collects data through tokenized incentives, and provides models that are essential in developing AI.
Images courtesy of AI Crypto
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