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In a landmark move for the AI industry, FLock.io has announced a $6 million seed round aimed at democratizing AI training and development. By decentralizing the control traditionally held by large corporations, FLock.io is setting the stage for a new era of community-driven AI innovation. This funding, led by Lightspeed Faction and Tagus Capital, will enable FLock.io to roll out its advanced testnet and federated learning client, bringing cutting-edge AI capabilities to the masses.
FLock.io, a pioneering Web3 startup, is on a mission to transform the landscape of AI development. With its recent $6 million seed funding, the company is poised to disrupt the status quo by decentralizing the training and governance of AI models. This move comes in response to growing concerns over the monopolistic control exerted by a handful of tech giants, which often leads to biased and opaque AI systems. Through its innovative platform, FLock.io aims to democratize AI, ensuring that development and benefits are shared by the community at large.
Backed by a team of Oxford alumni with over a decade of experience in AI and crypto, FLock.io is leveraging the power of decentralized federated learning to create an inclusive AI ecosystem. With strategic partnerships, including collaborations with io.net and PublicAI, FLock.io is set to provide robust, secure, and efficient AI solutions that prioritize data sovereignty and community participation. This article delves into FLock.io's vision, its groundbreaking approach to decentralizing AI, and the significant implications of its latest funding round.
