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.

Our top trading bots

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

Stripe builds new crypto team for payments three years after dropping Bitcoin
U.S. fintech giant Stripe is hiring a new blockchain team to enable crypto payments for its users. The $100 billion company is returning to the crypto sector...
Solana and Arbitrum knocked offline while Ethereum evades attack
Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption.On Sept. 14 at 12:38...
Bull or bear market, creators are diving headfirst into crypto
After an astronomical bull run into the beginning of this year that was followed by an abrupt halt and 50% drop since April, crypto markets are at a fork...
New Bitcoin entities near all-time high as analyst heralds 'positive whale activity'
Bitcoin (BTC) on-chain activity is "dead" but on-chain indicators are overwhelmingly positive right now, says analyst William Clemente.In the latest edition...
DeFi exchange dYdX raises $65M in Series C fundraiser
Venture firms from across the blockchain industry have thrown their weight behind decentralized exchange developer dYdX, offering further evidence that...
Amid rising stablecoin inflow, cautious traders fear a dead cat bounce
The recent extreme volatility in the cryptocurrency market following Bitcoin’s (BTC) dip to $30,000 and the recovery to $38,000 has traders confused about...
Nebraska bill to allow banks to offer crypto services moves forward
Nebraska lawmakers are moving forward with an initiative that would allow state banks to offer cryptocurrency services.State Senators favored the measure...
Coinbase crypto exchange to close San Francisco headquarters in 2022
Nasdaq-listed cryptocurrency exchange Coinbase is going completely remote and closing its head offices in San Francisco.Coinbase announced Wednesday that...
Mass adoption looms as South America's second-largest company accepts crypto payments
On April 28, MercadoLibre (MELI), the largest Latin American online marketplace, launched a real estate section dedicated to cryptocurrencies. Although...
Bahamas ranked first for retail CBDC development, according to PwC
A new ranking of global central bank digital currencies, or CBDCs, places the Bahamas at the top of the leaderboard in terms of retail applications – offering...
CEO says PayPal’s crypto commerce may reach $200M volume in just months
As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand...
Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader
Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt...
Cointelegraph Consulting: Deep diving with Ethereum whales
Covalent’s latest findings in Cointelegraph Consulting’s biweekly newsletter investigates the anatomy of Ether (ETH) whales. The data indicates that the...
DigRate Created A "Weapon" For Investors
Fraudulent projects, stolen tokens and unscrupulous organizers - such problems that are often found in the ICO world. And if earlier the ICO risk assessment...
Investing in Crypto Is a Good Opportunity for Millennials
The cryptocurrency market can turn out to be exactly what it takes to attract millennials to tradingThis opinion was expressed on the CNBC by a chief analyst...