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

South Korea to toughen rules to collect cryptocurrencies from tax dodgers
By Cynthia KimSEOUL (Reuters) - South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks...
Enterprise Ethereum matures, looks to open-source community for standards
Ethereum is quickly becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to leverage public networks for business,...
Bitcoin 2021: Here's a live update of the biggest movers and shakers of Day 2
Some of crypto’s most influential people headlined the second day of Bitcoin 2021 Miami, offering words of wisdom about the future of decentralization,...
Cardano Climbs 10% In Rally
Investing.com - Cardano was trading at $1.768827 by 09:53 (13:53 GMT) on the Investing.com Index on Sunday, up 10.12% on the day. It was the largest one-day...
Move over DOGE as Tiger King star launches CAT
Dogecoin’s status as the top memecoin may be (but almost certainly isn’t) under threat following the news that controversial Tiger King star Carole Baskin...
Biggest one day USDC print in history marks lowest Bitcoin dominance in years
More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell...
The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining
Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash...
Boson Protocol raises $25.8M via public token sale
Boson Protocol, a project that aims to connect physical commerce and smart contracts, has concluded a $25.8 million public token sale ahead of listings...
Collectibles giant Funko shares surge after acquiring NFT app Tokenwave
In a flurry of price action reminiscent of 2017 mania, shortly after announcing that they had acquired NFT display and tracking platform Tokenwave, pop-culture...
Ethereum season? ETH options traders are placing big bets for June
The price of Ether (ETH) is continuing to rally, reaching $2,000 on Friday on the back of strong technical momentum following a high-profile announcement...
Pantera Capital backs Liquity Protocol’s $6M Series A funding round
DeFi lending platform Liquity Protocol has secured $6 million in Series A funding to expand its on-chain borrowing services, underscoring the continued...
Litecoin Falls 11% In Selloff
Investing.com - Litecoin was trading at $173.460 by 03:57 (07:57 GMT) on the Investing.com Index on Thursday, down 10.76% on the day. It was the largest...
Long-term investors continue to hodl despite $1T Bitcoin market cap
Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months.According to data shared by on-chain...
Austrian Bank Will Use Ethereum Blockchain For Issuing $1.35 bln Bonds
Ethereum blockchain will soon be used for knitting a huge quantity of government bonds in Austria. According to local media, this will be the first time...
WWF Uses Blockchain to Uproot Slavery And Illicit Trading in Fishing Industry
Poachers better brace for innovations, which watchdogs are going to use to combat their illicit actions, or even give up on their ‘businesses.’ Recently...