Paradigm, a major venture capital player in the crypto space, is reportedly backing a new decentralized AI project on Solana with a hefty investment.
According to Fortune, the firm is injecting nearly $50 million into Nous Research, an AI startup now valued at around $1 billion.
Nous Research aims to challenge established AI giants like OpenAI by developing open-source language models — but with a decentralized twist. Instead of relying on massive centralized data centers, the project plans to tap into idle computing power from users across the world, offering a new model for training AI systems.
Co-founder Karan Malhotra, who collaborated with a former OpenAI founding member, told Fortune that crypto incentives would play a crucial role in encouraging people to contribute their spare computing resources.
Rather than framing it as a donation, Malhotra views it as a transactional system where participants are fairly rewarded for their contributions.
While Nous is building on Solana’s blockchain infrastructure, many of the project’s finer details remain under wraps, including when the platform will launch or whether rewards for users will be paid out in SOL.
For now, the startup is focused on building a research-driven foundation to power what it sees as a more democratic and scalable approach to AI development.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/paradigm-fuels-1b-valuation-for-new-decentralized-ai-project-on-solana/