The AI revolution has begun: SingularityNet ICO gone in 60 seconds

The AI revolution has begun: SingularityNet ICO gone in 60 seconds

Colossal tech companies use AI to process millions of real-time data points every second. So they need something that could help with automation. Here what it is:

SingularityNet — a perspective startup, which creates a decentralized marketplace for AI by bringing AI and blockchain together.

SingularityNET provides an automated process enabling each business to connect existing AI tools together to build the solution it needs. The project offers both availability and customization. At the same time, it could make the development process more efficient by reducing the reduplication of effort involved in proprietary development.

Ben Goertzel - founder of the platform - wants to make the unique open-source protocol for networking AI on the internet.

Say someone has a computer system doing something, and they would like AI to do it better," Goertzel said. "Unless you’re Google or Tencent, you’re probably not going to build your own AI—you’re going to be making your software grab AI from some software package or API. Those are the customers.

ICO

According to Cointelegraph , the project has got much money during the ICO. Only in the first minute after beginning the public sale, it sold out of the whole amount of available Artificial General Intelligence (AGI) tokens, earning $36 million. The team at SingularityNet noticed that the crowdfunding was capped after receiving $361 million in investor interest on its whitelist from more than 20,000 previous investors. 

AGI token uses Ethereum. And the team want to change the blockchain technology easily because the prototype is too slow now. As they reported, they need to express smart contracts in an abstract way which is independent of the blockchain they are using. And OpenCog’s logical language works well for this.

Such a platform would be one of the biggest breakthroughs ever in the evolution of AI.

A kid could make millions of dollars from putting their computer vision AI into our market, for instance.

Information Source: Ben Goertzel