SingularityNET talks collaborative AI as its token sale hits 400% oversubscr iption
0SingularityNET talks collaborative AI as its token sale hits 400% oversubscr.iption.
Much like AR and VR right now, AI is a field of walled gardens. As Andrew Ng, former chief scientist at Baidu, puts it, “among leading AI teams, many can likely replicate others’ software, but it is exceedingly difficult to get access to someone else’s data.”
Enter SingularityNET — the decentralized marketplace for AI — which announced its token sale earlier this month. Today, it has received over $150 million in pledged orders from nearly 10,000 registrants. That’s almost 400 percent more than the amount it wants to raise.
The company aims to solve the interoperability issue that exists within AI right now, where there are no standards for collaboration and no infrastructure for data cooperation.
SingularityNET was founded in 2017 and is set to raise $36 million through its ICO this month. The crowdsale will have no minimum contribution amount, but users who wish to participate must register at the company’s website. Thanks to the oversubscription, the company has announced that it is extending the token sale date until the second half of December.