Inference Labs Secures $2.3 Million in Funding to Develop Zero-Knowledge Verification Network for AI
Inference Labs, a company dedicated to advancing the field of artificial intelligence (AI), has recently announced a successful pre-seed funding round that raised $2.3 million. The funding will be used to focus on the development of a decentralized network for zero-knowledge verification, utilizing a groundbreaking technology known as Proof-of-Inference.
As AI continues to be integrated into various industries worldwide, concerns have emerged regarding its potential for monopolization and manipulation. In order to address these concerns, AI technology must adhere to principles such as freedom of expression and inclusivity, ensuring that it creates a more equitable world.
Inference Labs recognizes the risks associated with AI, such as discrimination and algorithmic bias, and is committed to leveraging the transformative potential of Web3 to create a decentralized, transparent, and secure environment for AI to thrive. The company aims to democratize AI and empower individuals with self-sovereignty.
To bring its vision to life, Inference Labs secured funding from prominent investors including Digital Asset Capital Management, Delphi Ventures, and Mechanism Capital. Other investors who joined the funding round include Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, and Metropolis DAO. This diverse group of investors will help Inference Labs accelerate product development and optimize its innovative approaches to efficient AI verification.
One of the key technologies that Inference Labs is working on is Proof-of-Inference, which combines zero-knowledge cryptography and advanced machine learning. This technology allows miners to provide predictions along with zero-knowledge proofs to ensure computational integrity. By rewarding miners who deliver accurate predictions and verifiable models, Inference Labs ensures optimal performance for its use cases.
In addition to Proof-of-Inference, Inference Labs has introduced Omron.ai, which addresses the challenge of optimizing staked allocations across Actively Validated Services (AVS) using AI. Omron offers a practical solution for selecting the most advantageous AVS by considering various risk factors. This technology allows users to stake their digital assets and earn rewards through the Liquid Restaking (LRT) protocol.
By integrating AI and blockchain, Inference Labs is taking a forward-thinking approach to democratizing AI technology. The successful funding round and the development of innovative technologies mark a significant step towards ensuring that AI is accessible, equitable, and protected from monopolistic tendencies.
To learn more about Inference Labs and Omron, visit their websites. Please note that the content of this article is for informational purposes only and should not be considered as investment advice. Readers should conduct their own research before making any decisions related to the company.