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Investing in Sahara AI

August 14th, 2024 | Jonathan Gieg, Nichatorn (Belle) Tangkuptanon

DISRUPTING CENTRALIZED AI

 

The global generative AI market, valued at USD 13.0 billion in 2023, is projected to grow at an impressive CAGR of 36.5% from 2024 to 2030. As AI rapidly advances, the current dominance of a few central players raises critical concerns about equitable access, transparency, privacy, and bias.

 


We believe that fair access to AI’s benefits and proper compensation for all contributors are crucial. Blockchain technology offers a unique solution to democratize AI development and usage, ensuring that these values are upheld. Additionally, as demand grows for AI agents customized to proprietary data, scalable infrastructure that prioritizes user privacy and ownership will become increasingly essential.

 

WHY WE INVESTED IN SAHARA AI

 

Sahara AI envisions a future where AI is open, equitable, and beneficial to everyone across all stages of the AI development cycle. Sahara Labs, the driving force contributing to Sahara AI, is launching a decentralized AI blockchain platform that offers users and developers secure control and “copyright” protection over their AI assets, including proprietary data, models, and agents. 

 

The platform enables a new collaborative AI economy where everyone – from individual developers to large enterprises – are allowed to participate in and benefit from AI advancements. This ensures that all contributors are fairly compensated, sovereignty of data and models are maintained, and AI assets can be securely created, shared, and traded, all while preserving privacy and promoting inclusivity.

 

 

The Sahara AI platform consists of five main components:

 

  • Sahara Blockchain: An AI-native blockchain providing the foundation for secure, transparent transactions and efficient AI lifecycle management across the ecosystem.

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  • AI Infrastructure: Cutting-edge algorithms and computational framework supporting the latest AI advancements, with capabilities for decentralized, collaborative training and serving.

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  • Sahara AI Marketplace: A decentralized hub for crowdsourcing AI assets, featuring a diverse portfolio of agents, models, and datasets. It offers blockchain-backed ownership and flexible licensing options.

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  • Development Tools: User-friendly tools for all skill levels, including the Sahara SDK & API for developers and No-Code/Low-Code platforms for non-technical users.

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  • Secure Storage: Encrypted vaults and robust security measures ensure the protection of AI assets and user data.

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In summary, Sahara AI stands out by offering a unique approach to AI development. First, they provide decentralized control and clear on-chain attribution, ensuring ownership and governance are transparent and secure throughout the AI lifecycle. Second, their platform delivers practical AI and infrastructure tools that are easy to use. Third, they champion a collaborative system that fairly compensates all contributors, fostering innovation and diverse participation in the AI ecosystem.

 

Sahara Labs is led by a team of seasoned professionals from the AI and web 3 spaces. Sean Ren, co-founder and CEO, has made notable contributions to AI research over the last decade, and was named Samsung AI Researcher of the Year, MIT Technology Review Innovator under 35, and Forbes 30 Under 30. He is also a Professor at USC Viterbi School of Engineering. Tyler Zhou, co-founder and COO, brings extensive blockchain experience and was previously an Investment Director at Binance Labs. 

 

We’re thrilled to co-lead the $43 million funding round for Sahara AI alongside Binance Labs and Polychain Capital as they continue building the future of AI. 

 

For more information about Sahara AI, please visit https://www.saharalabs.ai/ and follow on X.

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