DeepBrain Chain, the world’s first computational AI platform based on blockchain technology, today announced a partnership with SingularityNET, a leading platform for innovators in the creation and study of artificial intelligence with fully open-source. The partnership will allow SingularityNET to offer AI companies on the market data, the possibility of increasing the efficiency of the algorithms and the linking of their data through the network DeepBrain Chain. The deal will also establish a connection between agents that bind multiple services to each other, providing autonomy to the server without user intervention.
DeepBrain Chain will create a market and a platform for developing and learning AI models using integrated cloud-based AI network, while SingularityNET will look for solutions for offline interaction between the AI agents. SingularityNet will use cloud service DeepBrain Chain to offer the required level of computing power for those who use the service SNet. A key objective is to contribute to the dissemination and development of AI in a more decentralized manner.
“Our goal is to make the AI more available on the market that will allow you to use innovation in such industries as healthcare and Finance,” said the Doñana Wang, head of AI and the Executive Vice President of DeepBrain Chain. “Being the first AI platform built on the blockchain technology, we took responsibility to reduce the cost of ongoing calculations by at least 50%. Thanks to our new collaboration with SingularityNET, we now know that we not only reduce costs, but also begin to create a broader data network, to empower those who seek to significantly affect our daily lives.”
In the period from 2012 to 2016, the world appeared to 5154 new AI companies. Calculations are from 20% to 30% of the value of AI applications. The role of artificial intelligence in our lives is growing every day. Now, the total market capitalization is estimated at more than $ 20 billion. According to a study published Narrative Science, 62% of companies will use AI technology by 2018.
Two trading platforms data, DeepBrain Chain and SingularityNet respectively, will focus on the establishment of a structure enabling the exchange of data between the two platforms, so users on either platform can access the data using another internal interactions between them, without any special user attention, which usually is paid for cross-platform interaction.
The partnership between DeepBrain Chain and SingularityNET will solve the basic problem of reducing the cost of computing that will foster innovation in the industry.
About DeepBrain Chain
DeepBrain Chain — the world’s first AI platform computing working on the blockchain technology. Uniting millions of nodes around the world using distributed and decentralized blockchain platform, it can help AI companies to save up to 70% of the cost of computing power. The use of smart contracts creates a safe environment for exploration of data and transactions where suppliers and buyers of the data can be free to share without compromising privacy or resale of the data.
For more information visit: https://www.deepbrainchain.org/pc/en/index.html
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SingularityNET is the first and only platform that allows AI to cooperate and be coordinated. This eliminates one of the main factors limiting the growth of AI today is lack of interoperability, which seriously limits the ability to use the strengths and opportunities of individual AI. With SingularityNET companies, organizations and individuals can empower their AI agents to participate in markets, buying and selling of goods and services. AI should no longer “sit in a bunker”, and have to operate within a particular company, infrastructure or industry.
To learn more about SingularityNET visit: https://singularitynet.io/