Binance project Binance project PIN--AI
Project Introduction:
The AI industry is thriving. Living in the Bay Area, we have witnessed the excitement and vitality brought by the construction in the AI field. Many friends, including excellent engineers and scientists, have quit their full-time jobs to start creating AI projects. In terms of infrastructure, some successful projects have already provided new and necessary services, such as vector databases, assessment services, and model routing services. However, in the application aspect, despite much hype, many well-funded projects still struggle to find market fit and achieve widespread adoption. The core issue is that AI applications require contextual data to provide useful reasoning services, and without this data, it is almost impossible to offer services more useful than the latest version of ChatGPT.
PIN AI is an innovative project aimed at combining artificial intelligence (AI) and blockchain technology, with the core goal of creating the world's first open-source personal intelligence network (PIN). PIN AI promotes the shift of AI from a centralized service model to a decentralized service model through an open network and privacy protection, providing users with a more personalized AI experience while ensuring data security and ownership.
The vision of PIN AI is to build an open ecosystem that supports personal AI by accessing a wide range of contextual data to provide practical AI services for users, such as shopping, travel planning, financial management, and more.
Financing situation:
PIN AI recently completed a $10 million pre-seed round of financing, with participants including well-known investment institutions and angel investors such as a16z CSX, Hack VC, Blockchain Builders Fund, and others.
Team Background:
PIN AI is led by three co-founders whose team possesses strong technical capabilities and industry experience, especially in the fields of AI and blockchain. The founding team has a deep understanding of market dynamics and technological trends, laying a solid foundation for the project's innovation.
Davide Crapis - Co-founder
Background in blockchain protocol design, with some AI background.
Previously served as a senior data scientist at Lyft, designing and implementing incentive distribution algorithms that awarded xx dollars in growth incentives to passengers and drivers each year. After resigning, he spent some time as an independent researcher focusing on incentive schemes and token distribution. Before founding PIN AI, he was a research scientist at the Ethereum Foundation focusing on 'robust incentives.'
Developed a machine learning model for 'consumer sensitivity to investment/credit product interest rates' and served as a researcher and mentor in machine learning at Columbia Business School for four years. Joined the Web2 developer community 'South Park' to explore the intersection of large language models and blockchain.
Ben Wu - Co-founder
Background in operations, potentially providing strategic direction and AI product ideas.
MIT graduate, Y Combinator alumnus. Before founding PIN AI, served as the database and operations director in Yahoo's Strategic Data Solutions department, responsible for the operation and management of large-scale data projects.
Bill Sun - Co-founder, Chief Scientist
Background in quantitative trading and AI.
PhD in Mathematics from Stanford University, formerly conducted AI research at Google DeepMind. Worked as an AI/quantitative trading equity investment manager at a Wall Street asset management firm. Founded the AI research organization AI+Club and created the AI technology community AGI House. Angel investor for a16z scout fund. He is also the founder of Generative Alpha, focusing on enterprise-level AI solutions.
Future Development Potential and Challenges
By combining blockchain and AI technology, PIN AI fills the functional and privacy gaps of current centralized AI. It provides developers with an open and innovative ecosystem that encourages more Web2 services to transform into Web3 proxy services, creating extensive application scenarios. Data privacy and security issues still need further optimization to meet more regulatory requirements. The construction and activity level of the user and developer community are crucial to the platform's success. Competing with large tech companies over the resource allocation for open-source innovation.
PIN AI, through the innovative architecture of the personal intelligence network, is expected to lead a revolution in AI personalization and data privacy protection. With strong financing support, technological advantages, and an open economic model, the project has immense development potential. However, how to promote community participation and ensure user privacy is key to future success. With the launch of the test network, PIN AI will further validate its practicality and market fit, making it worthy of continued attention.
The star-level project invested by Binance--PIN--AI still has a small remaining balance.