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Written by: Heart of the Metaverse

 

Sahara AI, an emerging decentralized AI blockchain platform, announced last week that it had received a huge amount of financing of US$43 million.

 

It is worth noting that Sahara AI has not only won the favor of top investment institutions such as Binance Labs, Polychain Capital and Pantera Capital, but also attracted traditional investors including Samsung and Matrix Partners.

 

In addition to the capital market's recognition of Sahara AI's technical strength and development potential, this financing may also indicate that decentralized AI technology is about to open a new chapter.

 

01.1 minute project overview

 

1. Project Name: Sahara AI

 

2. Establishment date: May 2023

 

3. Product Introduction:

 

Sahara AI aims to build a decentralized AI network infrastructure to help users deploy or build customized and personalized AI products.

 

4. Founding team:

 

  • Sean Ren: A tenured professor in the Department of Computer Science at the University of Southern California, with 15 years of research experience in the field of AI

  • Tyler Zhou: Served as investment director at Binance Labs and participated in the investment and incubation of multiple projects

 

5. Financing situation:

 

  • In August 2024, Sahara AI received a huge financing of US$43 million from investors including Binance labs, Polychain and Pantera

  • Previously, Sahara AI has completed a $6 million seed round of financing led by Polychain Capital, with participation from Sequoia Capital, Samsung Next, Nomad Capital, etc.

 

02. Make AI more open

 

As artificial intelligence becomes more powerful, large amounts of personal data are concentrated in the hands of a few large technology companies. This concentration of power and lack of transparency not only limits innovation, but can also lead to problems such as algorithm bias and privacy violations.

 

Some technology experts realized this problem and started to solve it. Soon, the new concept of "decentralized AI" was proposed. Led by Sean Ren, a tenured professor of computer science at the University of Southern California, and other members, they co-founded the decentralized AI blockchain platform Sahara AI.

 

 

Sahara AI's founding team has a rich background, with members from multiple fields such as artificial intelligence, blockchain technology, and distributed systems. Tyler Zhou and others' work experience in well-known technology companies and major academic institutions such as Samsung, Microsoft, Binance, and Google has laid a solid foundation for Sahara AI's technological innovation and strategic development.

 

Today, Sahara AI has become an important player in the field of decentralized AI, attracting developers, researchers, and corporate users from all over the world. The platform provides users with a series of innovative AI tools and services through technologies such as smart contracts and distributed computing, and continues to promote the development of the decentralized AI ecosystem.

 

The success of Sahara AI lies not only in its technological innovation, but also in the team's adherence to scientific and technological ethics and social responsibility. They are committed to building a more open and fair AI future, empowering global users, and sharing the fruits of technological progress.

 

03. Breaking down traditional AI development barriers

 

Sahara AI's main models and products revolve around the concepts of decentralization and transparency. The platform is designed to break down the barriers that exist in traditional AI development, allowing more developers to participate while ensuring data privacy and security.

 

Decentralized core products

 

One of the core elements of the Sahara AI platform is its decentralized AI model trading market, where developers can freely upload, share, and trade their AI models while ensuring the transparency and security of intellectual property rights.

 

Through smart contracts, ensure that the ownership and governance of AI is decentralized, with transparent and immutable on-chain attribution.

 

 

Another key product is its distributed computing network. Training AI models typically requires a large amount of computing resources, which are often expensive and unevenly distributed.

 

Sahara AI uses blockchain technology to distribute computing tasks to participants around the world, and each participant can contribute their own computing resources to participate in model training. In this way, the platform rewards all contributors, encourages diversified participation and promotes innovation within the artificial intelligence ecosystem.

 

Decentralized AI Ecosystem

 

Of course, Sahara AI’s success relies not only on its innovative products, but also on the key components of the platform, which together build a powerful decentralized AI ecosystem.

 

The new generation of robots will have more advanced sensors, more powerful computing power and smarter algorithms, and will be able to "understand" and respond to action commands in real time to complete more complex and diverse tasks.

 

  • Smart contract system: Smart contracts automatically execute transactions and tasks through preset programs without the need for third-party intermediaries. This automated trading model plays an important role in the platform's model trading market, ensuring the fairness and transparency of transactions. At the same time, smart contracts are also used to allocate distributed computing resources, enabling the platform to operate efficiently.

  • Sahara Token Economy: To incentivize the participation of developers and resource providers, the Sahara AI platform introduces Sahara Tokens, a blockchain-based digital asset. Sahara Tokens are used for all transactions within the platform, including model trading, computing resource leasing, and data sharing. Through this token economy model, the platform is able to build a self-driven ecosystem that ensures that participants can get rewards, thereby attracting more developers and users to join.

  • Cross-chain compatibility: Sahara AI is cross-chain compatible and can be seamlessly integrated with other blockchain platforms. This compatibility allows the platform to leverage the resources and ecosystems of other blockchains to expand its influence. At the same time, cross-chain compatibility also enhances the flexibility of the platform, allowing developers to migrate and share their AI models and data between multiple blockchain platforms.

  • Open API and developer tools: Sahara AI provides developers with a rich set of APIs and development tools that support multiple programming languages ​​and development environments. These tools enable developers to quickly integrate Sahara AI's features into their applications and easily deploy and manage models. The open development environment not only improves the scalability of the platform, but also promotes the activity of the developer community.

 

 

Overall, Sahara AI is changing the landscape of the AI ​​and blockchain industries through its decentralized technology architecture, unique products, and innovative business models.

 

04. Sahara and the future of decentralized AI

 

After officially announcing the financing last week, the company plans to use the funds to expand the team, improve the performance of AI blockchain, and accelerate the construction of the developer ecosystem.

 

Sean Ren, CEO of Sahara AI, said that the company will launch C-end user products and launch the testnet in the third quarter, and strive to launch the mainnet in the fourth quarter to further promote the popularization and application of AI technology.

 

 

The core technology behind Sahara AI is decentralized AI. In addition to paying attention to the company itself, the development of this new technology field is also worthy of attention.

 

The core advantage of decentralized AI is that it can provide a more open, transparent and secure data processing platform. Sahara AI's decentralized data market not only provides high-value data services to enterprises, but also ensures that data contributors can receive reasonable economic compensation through its unique proof of ownership mechanism.

 

By cooperating with more than 30 companies, Sahara is constantly refining its products to make them more and more mature, so as to better adapt to the data needs of various companies and merchants around the world, forming a positive cycle.

 

This model is expected to solve the problems of data privacy and economic models in the traditional AI industry and promote the healthy development of the AI ​​ecosystem.

 

 

In addition, the decentralized nature of Sahara AI also means higher scalability and risk resistance.

 

Globally, large enterprises and small startup teams can use Sahara AI's platform to build and deploy their own AI solutions, thereby driving innovation and progress across the industry.

 

Core benefits of decentralized AI also include its support for data encryption and attribution, i.e. proof of ownership, achieved through the use of digital watermarking innovations and public key facilities.

 

When a user creates a data point, data set, or model, he or she can embed his or her DID into the data or model to generate a watermark to prove ownership of the data. This watermark will always exist as the user's data and model flow, so that the data and model can be attributed.

 

With the upcoming launch of the Sahara AI mainnet, decentralized AI technology may usher in a new era of collaborative AI economy, making AI more transparent, secure, and accessible to everyone.

 

Reference Links:

1.https://saharalabs.ai/blog/sahara-ai-raise-43m

2.https://coincentral.com/what-is-decentralized-ai-deai/#heading-h2-0