Jamie Crawley is a CoinDesk news reporter based in London.
Tensorplex Labs, a Web3 and artificial intelligence startup, raised $3 million in a round led by Canonical Crypto and Collab+Currency.Tensorplex Labs, a Web3 and artificial intelligence startup, raised $3 million in seed funding to expand the infrastructure for decentralized AI networks.
The round was led by Canonical Crypto and Collab+Currency and included participation from big-name crypto investors such as Digital Currency Group , Quantstamp and Amber Group, Tensorplex said in an email. Tensorplex said decentralization is an antidote to the risk of tech giants monopolizing AI, making them prone to biases or censorship.
"Tensorplex Labs will use the new funds to build novel capital and intelligence infrastructure and applications that aim to accelerate the growth of open, decentralized AI networks such as Bittensor," the firm said in the announcement.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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