With $43 million in financing, how does Sahara Co-founder view the intersection of AI and Web3?

Pantera Capital

24-08-15 14:04

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Original title: The Intersection of Ai and Web3.0 Technologies

Original source: Pantera

Original compilation and translation: TechFlow

Editor's note: Yesterday, the decentralized AI blockchain platform Sahara AI announced the completion of a $43 million financing, led by Binance Labs, Pantera Capital and Polychain Capital. The financing will be used to further expand its global team, improve the performance of its AI blockchain, and accelerate the construction of its developer ecosystem.

Under the current market conditions, such a large amount of financing is hard not to attract attention. In order to let everyone know more about this project, BlockBeats found a podcast of Pantera in June this year to take everyone to review. Guests include Jacob Steeves, founder of Bittensor, Illia Polosukhin, co-founder of NEAR protocol, and Sean Ren, co-founder of Sahara. The host and three guests discussed the combination of artificial intelligence (AI) and Web3, including how these two fields promote each other and solve current challenges.

During the conversation, Sean emphasized that Sahara has built a decentralized blockchain platform designed specifically for AI, mainly providing users with decentralized solutions for privacy and data sovereignty. He believes that the future development of AI requires a multi-level infrastructure to ensure that users do not sacrifice privacy and data sovereignty while enjoying AI capabilities.

Host: Matt Stephenson, Head of Research at Pantera

Guests:

· Jacob Steeves, founder of Bittensor. Bittensor is a mining network that includes a built-in token-based incentive mechanism to create a pure market for artificial intelligence.

· Illia Polosukhin, co-founder of NEAR Protocol. NEAR is the chain abstraction stack that enables builders to create applications that scale to billions of users and across all blockchains.

· Sean Ren, Co-founder of Sahara. Sahara is a permissionless, high-performance blockchain designed to securely deploy personalized, autonomous AI with privacy and provenance.

Podcast source: Pantera

Original title: The Intersection of Ai and Web3.0 Technologies

Discuss three groundbreaking projects that explore the intersection of AI and Web3.0 technologies.

Discussion overview

· The theme of this discussion is the combination of artificial intelligence (AI) and Web3, exploring how these two fields can promote each other and solve current challenges. The discussion was moderated by Matt Stevenson, Head of Research at Pantera, and participants included Ilia Pellun, co-founder and CEO of Near Protocol, Jacob (also known as Const), a core developer of BitTensor, and Sean, CEO and co-founder of Sahara.

· Jacob shared BitTensor’s efforts in creating a decentralized AI market, improving the quality of AI models and data privacy through market mechanisms and decentralized consensus mechanisms. He believes that the right incentive mechanism and efficient resource allocation are the key to the success of decentralized AI systems.

· Ilia , starting from the vision of Near Protocol, emphasized the importance of building a decentralized Internet and introduced how the Near AI project promotes the development of a new generation of the Internet through automated programming and decentralized infrastructure. He pointed out that ensuring the security and privacy of user data is the key to building a decentralized Internet.

· Sean , starting from the perspective of user privacy and data sovereignty, introduced Sahara, a decentralized blockchain platform designed for AI that prioritizes user asset sovereignty and security. He emphasized that the future development of AI requires a multi-layered infrastructure to ensure that users do not sacrifice privacy and data sovereignty while enjoying AI capabilities.

BitTensor: Decentralized AI Market and Incentive Mechanism

· Jacob introduced the decentralized network built by BitTensor, where anyone can join and contribute their computing resources and data. This decentralized approach can create a global AI market that anyone can participate in and benefit from.

·Jacob emphasized the importance of the right incentive mechanism in decentralized AI systems, which can effectively solve the data privacy and computing resource allocation problems in the current AI and cryptocurrency fields. He mentioned that BitTensor has attracted a large number of teams and talents through market mechanisms, motivating them to drive innovation into the network. This competition mechanism is more efficient than traditional centralized organizations.

· When discussing the security and privacy of decentralized AI systems, Jacob mentioned the use of decentralized consensus mechanisms to ensure the security and reliability of the system. He emphasized that the quality of AI models and data privacy can be improved through market mechanisms and decentralized consensus mechanisms. This approach can prevent single points of failure and malicious attacks, and ensure the stability and security of the system.

· Jacob also talked about how BitTensor can handle large-scale data and computing needs through a decentralized computing network. This approach ensures the efficient allocation and utilization of computing resources, thereby ensuring the efficiency and reliability of the system.

Near Protocol: Building a Decentralized Internet with Automated Programming

· Ilia discussed Near Protocol's vision to build a new generation of the Internet through decentralized infrastructure and AI technology, which can achieve higher security, privacy, and user sovereignty.

·IliaIntroduced Near Protocol's vision to build a trustless decentralized Internet. This Internet will provide infrastructure such as payment, identity, provenance, and smart contracts, allowing users to enjoy high-quality AI applications without sacrificing privacy, ensuring the security and privacy of user data. This requires not only advanced technical support, but also ensuring the transparency and verifiability of the system to enhance user trust.

· Near was originally an AI project and later transformed into a blockchain project. Ilia emphasized how the combination of AI and blockchain technology can create more useful AI applications and promote the development of a decentralized Internet.

· Ilia mentioned the relaunch of Near AI, with the goal of teaching machines to program and changing the way software is built. The relaunch of Near AI is an important step in realizing the vision of Near Protocol, which aims to promote the development of a new generation of the Internet through automated programming and decentralized infrastructure. This will enable computers to write code on their own based on users' natural language requests, providing a more efficient and verifiable software development environment.

· Ilia emphasized the use of advanced encryption technology and strict access control mechanisms to ensure the security and privacy of decentralized AI systems. In addition, he mentioned the need for continuous security audits and monitoring to promptly discover and fix potential security vulnerabilities.

· Ilia pointed out that decentralized solutions need to compete with centralized solutions in terms of user experience, AI model quality, and data set value. This is a key criterion for evaluating the practical feasibility of decentralized AI projects.

Sahara: Decentralized Solutions for User Privacy and Data Sovereignty

· Sean pointed out that as the capabilities of AI models increase, these models begin to affect people's work and monetization opportunities. For example, AI models can replace some simple design, text editing, and translation work. This raises concerns about user privacy and data sovereignty.

· Sean emphasized that when users use AI functions, they often need to upload personal data, such as health records, financial reports, and chat records. This data may be used to train more powerful AI models, thereby further replacing the user's business. Therefore, protecting user privacy and data sovereignty becomes crucial.

· Sahara is committed to creating a high-performance decentralized infrastructure based on the asset sovereignty and security of users, aiming to build a blockchain platform designed specifically for AI, enabling users to enjoy AI functions without sacrificing privacy, ensuring the security, fairness and accessibility of all users.

· Sean mentioned that Sahara's high-performance decentralized infrastructure is designed to ensure the privacy and security of user data, while providing elastic computing resources to cope with sudden computing needs. This design ensures that the system can still maintain efficient and stable operation under high load.

·Sean believes that the future development of AI requires a multi-layered infrastructure to support user privacy and data sovereignty. This requires not only advanced technical support, but also ensuring the transparency and verifiability of the system to enhance user trust. Sahara's multi-layered infrastructure includes an execution layer, a computing layer, and a data layer, which are used for private user data storage, AI model training and reasoning, and data management and exchange, respectively. This multi-layered design not only ensures the efficient and stable operation of the system, but also enhances user trust and security. Sahara's vision is to promote a more fair, secure, and accessible AI ecosystem through technological innovation.