Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient

Jul 02, 2024 - coindesk.com
Sentient, an open-source AI development platform, has raised $85 million in a seed round co-led by Founders Fund, Pantera Capital, and Framework Ventures. The platform, which will be built on Polygon, aims to democratize AI development and prevent the concentration of AI code in the hands of tech giants like Google or Meta. Sentient will use the funds to develop its platform and recruit talent from AI research and blockchain engineering.

In other news, the U.S. Treasury has issued a crypto tax regime for 2025 and the SEC has sued Consensys over its MetaMask service. Bitcoin's potential rebound may face resistance at $65K, while Kaspa's KAS Token has rallied 26% in a week. Trump's odds of victory have surged on Polymarket, and Steno Research predicts ETH to hit $6.5K.

Key takeaways:

  • Peter Thiel's venture capital firm Founders Fund has co-led a $85 million seed round investment in open-source AI development platform Sentient.
  • Sentient's platform will be built on Polygon, an expansion of the Ethereum scaler into AI, with the aim to ensure that the benefits of AI are distributed equitably.
  • Polygon co-founder Sandeep Nailwal is one of Sentient's core contributors and the project aims to address concerns about the concentration of AI code in the hands of a few superpowers.
  • The funding round was co-led by Pantera Capital and Framework Ventures and included participation from multiple other high-profile investors such as Robot Ventures, Delphi, Republic, and Arrington Capital.
View Full Article

Comments (0)

Be the first to comment!