**News Flash: PIN AI Secures $10M, Joins a16z Crypto Accelerator**
PIN AI, an AI infrastructure startup, has landed $10 million in pre-seed funding and joined the Fall 2024 cohort of a16z Crypto Startup Accelerator. The company is developing the first open-source Personal Intelligence Network (PIN), a privacy-focused alternative to Apple Intelligence.
Emerging from collaborations with Ethereum Core, Stanford, and MIT, PIN AI aims to decentralize user data control. Co-founder Ben Wu emphasized that their AI x crypto solution allows users to earn token incentives by sharing their data and activities.
PIN AI’s platform will enable developers to create AI agents that operate on users' devices, ensuring data privacy and security. The company aims to empower users to monetize and control their data, challenging tech giants like Apple.
In related news, an international AI treaty focused on human rights and democratic values is set to be signed by the US, EU, and UK, marking a significant step towards global AI regulation.