𝐓𝐡𝐞 𝐓𝐫𝐮𝐭𝐡 𝐍𝐨 𝐎𝐧𝐞 𝐢𝐬 𝐓𝐞𝐥𝐥𝐢𝐧𝐠 𝐘𝐨𝐮 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭 𝐨𝐟 𝐅𝐋𝐨𝐜𝐤.𝐢𝐨
FLock.io, a decentralized AI training platform, has recently secured $6 million in seed funding to advance its mission of democratizing AI development. The funding round was co-led by Lightspeed Faction and Tagus Capital, with support from DCG, Volt Capital, OKX Ventures, and Inception Capital.
FLock.io aims to shift the control of AI from centralized corporations to the broader community. By using federated learning, their platform trains AI models on decentralized data sources, keeping data local and secure. This method not only enhances privacy but also ensures a more diverse and unbiased dataset.
The company’s collaboration with io.net allows them to use decentralized computing resources to train AI models. This partnership significantly reduces the privacy risks associated with centralized AI systems and lowers computational costs by up to 90% compared to traditional cloud providers.
FLock.io’s innovative approach addresses major issues in AI development, such as data privacy, transparency, and bias. Their decentralized model empowers community members to contribute to and govern AI systems, ensuring that AI benefits are distributed more equitably.
With a team of Oxford alumni and experts in AI and blockchain technology, FLock.io is well-positioned to disrupt the current AI landscape dominated by a few large corporations. Their recent launch of an AI co-creation platform marks a significant step towards achieving their vision.
FLock.io is setting a new standard for AI development, emphasizing community ownership, privacy, and fairness. As they continue to grow, they hold the potential to reshape the future of AI, making it more inclusive and transparent for all.
