An AI ecosystem based on blockchain is now being developed by a start-up named AI Crypto. The AI Crypto team is trying to use the blockchain technology in the field of AI research to solve never-ending problems in AI development, such as pointless use of GPU resources and oligopoly of data needed in machine learning development by big corporations.
Blockchain technology used in cryptocurrency mining wastes too much electricity, conducting useless calculations on Graphics Processing Units (GPU). To prevent meaningless calculations, the AI Crypto team developed a new technology called “Distributed GPU Network”. With this, requests can be distributed equally to all GPU pools. Thus one individual won’t be able to assign specific GPU calculations, preventing the misuse of GPU resources. AI Crypto team is also developing a new consensus mechanism called Proof of Value (PoV), so that they can verify transactions through AI machine learning calculations.
Conducting machine learning research requires tremendous amount of data, yet for small start-ups, getting large quantity of data is a hard work. Till now, only large corporations such as Google and Apple could obtain large data sets needed in advanced machine learning trials. The AI Crypto team intends to solve this oligopoly by compensating data providers with AI Crypto Tokens. In AI Crypto platform, data providers receive tokens every time when their data is used. This incentivized mechanism will help create and distribute more AI data for researchers.
AI model is notorious for its difficulty to develop, since an AI must go through immense amount of data to identify pictures or recognize voices. But with AI Crypto platform, developers can easily get data and build models, and then they can provide them to companies in various sizes. Developers can easily develop models and smaller companies gets better access to AI models. The main goal of AI Crypto is to reduce the cost of developing models.
SJ Lee, the CEO of AI Crypto, who graduated Hongik University and performed as a SK Communications Innocean Digital Marketing Director, sees great potential in AI and blockchain technology. “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”, he spoke.
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 (http://aicrypto.ai/en)
ABOUT AI CRYPTO
AI Crypto is developing an AI ecosystem based on blockchain. 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.
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