By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Near plans to build world’s largest 1.4T parameter open-source AI model
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Near plans to build world’s largest 1.4T parameter open-source AI model
Crypto

Near plans to build world’s largest 1.4T parameter open-source AI model

By Viral Trending Content 4 Min Read
Share
SHARE

Near Protocol has unveiled an ambitious plan to build the world’s largest open-source artificial intelligence model on the opening day of its Redacted conference in Bangkok, Thailand. The 1.4 trillion parameter model would be 3.5 times bigger than Meta’s current open-source Llama model.

Contents
Near Protocol’s ambitious AI modelDecentralized AI tackles privacy issues

It will be created through competitive crowdsourced research and development from thousands of contributors on the new Near AI Research hub, with participants able to join the training of a small 500 million parameter model from today, Nov. 10.

Near Protocol’s ambitious AI model

The project will grow in size and sophistication across seven models, with only the best contributors making the leap to working on progressively more complex and larger models. The models will be monetized and privacy will be preserved via the use of encrypted Trusted Execution Environments to reward contributors and encourage constant updating as the technology progresses.

Related: Near patches critical bug that could crash every node on the network

The expensive training and compute will be funded with token sales, Near Protocol co-founder Illia Polosukhin told Cointelegraph at the Redacted conference in Bangkok.

<p><em>Near co-founder Illia Polosukhin. Source: Cointelegraph</em></p>

“It costs about $160 million, so it’s a lot, obviously, but actually, in crypto, it is raiseable money,” he said. Polosukhin added:

“Then the tokenholders get repaid from all the inferences that happen when this model is used. So we have a business model, we have a way to monetize it, we have a way to raise money, and we have a way to put this in a loop. And so people can actually reinvest back into the next model as well.”

Near is one of the few crypto projects with the ability to realize such an ambitious undertaking: Polosukhin was one of the authors of the groundbreaking transformer research paper that led to ChatGPT, and co-founder Alex Skidanov worked at OpenAI in the lead-up to the era-defining model’s release in late 2022.

Skidanov, who now heads up Near AI, conceded that it’s a massive undertaking with a big hurdle to overcome. 

Decentralized AI tackles privacy issues

To train such a large model, the project would need “tens of thousands of GPUs in one place,” which wouldn’t be ideal. But to use a decentralized network of compute “you’d need a new technology that doesn’t exist today because all the distributed training techniques we have require very fast interconnect.” However, he added that emerging research from Deep Mind suggests it is possible.

Cryptocurrencies, Near Protocol, ChatGPT
<p><em>Near co-founder Alex Skidanov. Source: Cointelegraph</em></p>

Polosukhin said he hasn’t spoken with existing projects like the Artificial Superintelligence Alliance but would be happy to see if there are synergies. Whatever happens, he said decentralized AI technology must win for all our sake. Conference guest speaker Edward Snowden rammed home the point by painting a scary portrait of centralized AI turning the world into a giant surveillance state.

“This is probably the most important technology right now and probably in the future. And the reality is, if AI is controlled by one company, we effectively are going to do whatever that company says,” he explained. Snowden added:

“If all AI and effectively, all of the economy is being done by one company, there’s no decentralization at that point. So it is effectively like the only way that Web3 is still relevant, philosophically, if we have AI that also follows the same principles.”

Magazine: Asian crypto traders profit from Trump’s win, China’s 2025 CBDC deadline: Asia Express

You Might Also Like

Polymarket Sees Record $153M Daily Volume After Chainlink Integration

Elon Musk’s xAI sues Colorado arguing its AI rules restrict speech

OKX Ventures, HashKey back VPBank-linked CAEX for Vietnam crypto pilot push

Bitcoin Figure Adam Back Denies Being Satoshi Nakamoto

CIA to integrate AI ‘co-workers’ to process intelligence, catch spies

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Trump on Day 1: Begin deportation push, pardon Jan. 6 rioters and make his criminal cases vanish
Next Article Iran enforces rolling power blackouts as fuel shortages bite
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?