SingularityNET (AGIX) Announces $53M Investment in AI Infrastructure and Key Ecosystem Updates

Zach
Anderson

Aug
01,
2024
12:34

SingularityNET
(AGIX)
reveals
a
$53M
investment
in
AI
infrastructure,
updates
on
ASI
Alliance
token
merger,
and
progress
reports
from
ecosystem
projects
like
SingularityDAO
and
Rejuve.Bio.

SingularityNET
(AGIX)
has
announced
a
significant
$53
million
investment
aimed
at
advancing
decentralized
Artificial
General
Intelligence
(AGI)
and
Artificial
Superintelligence
(ASI)
through
the
development
of
a
modular
supercomputer.
This
investment
is
part
of
SingularityNET’s
broader
efforts
to
enhance
its
decentralized
AI
ecosystem,
according
to

SingularityNET.

$53M
AI
Infrastructure
Investment
to
Advance
AGI

On
July
23,
2024,
SingularityNET
announced
an
initial
$53
million
investment
to
build
the
world’s
first
modular
supercomputer
dedicated
to
decentralized
AGI
and
disruptive
ASI
R&D.
The
supercomputer
will
feature
state-of-the-art
High-Performance
Computing
(HPC)
and
AI
data
centers.
It
is
designed
to
optimize
the
training
of
Deep
Neural
Networks
(DNNs),
Large
Language
Models
(LLMs),
and
hybrid
neural-symbolic
computing
architectures
such
as
OpenCog
Hyperon.

The
supercomputer
will
manage
extensive
and
heterogeneous
computational
tasks,
enhancing
the
speed
and
efficiency
of
compute
processes.
Recent
hardware
acquisitions
include
advanced
GPU
compute
systems
like
Nvidia
L40S
GPUs,
AMD
Instinct,
and
Tenstorrent
Wormhole
server
racks.
The
investment
also
includes
modular
compute
containers
that
can
be
positioned
globally,
serving
as
decentralized
hubs
for
broader
networks
of
heterogeneous
computing
devices.

ASI
Alliance
Token
Merger
Update

The
ASI
Alliance,
including
SingularityNET,
Fetch.ai,
and
Ocean
Protocol,
announced
the
completion
of
their
core
token
merger
process
on
June
22,
2024.
Over
50%
of
the
circulating
Alliance
token
supply
has
merged
under
a
single
token,
the
Artificial
Superintelligence
Alliance
(FET).
The
alliance
will
introduce
cross-chain
bridges
and
migration
solutions
to
facilitate
the
transition
for
holders
on
blockchains
like
Cardano
and
BNB
Chain.

SingularityNET’s
Technical
Tuesdays

SingularityNET
continues
to
explore
the
development
of
its
decentralized
AI
platform
through
its
‘Technical
Tuesdays’
series.
A
special
session
on
July
23,
2024,
featured
discussions
on
the
$53
million
investment
in
AI
infrastructure,
highlighting
investments
in
cutting-edge
GPUs
and
CPUs
from
Nvidia,
AMD,
and
Tenstorrent.
The
session
also
covered
the
establishment
of
‘ASI
Hyperon’
Nodes,
integrating
technologies
from
ASI
partners
and
later
stages
incorporating
HyperCycle
and
NuNet
technologies.

SingularityNET
Ecosystem
All-Hands
on
X
Spaces

The
third
edition
of
the
SingularityNET
ecosystem
all-hands
meeting
on
X
Spaces
featured
updates
from
projects
like
SophiaVerse,
Cogito,
Rejuve.Bio,
and
Jam
Galaxy.
Discussions
included
the
launch
of
the
Global
AI
Ethics
initiative
and
the
integration
phase
of
the
ASI
token
merger.

Ambassador
Program

The
SingularityNET
Ambassador
Program
continues
to
strengthen
the
ecosystem’s
transparency
and
decentralization.
In
July,
Ambassadors
contributed
to
the
AI
Ethics
workgroup,
held
retrospective
Town
Hall
sessions,
and
initiated
monthly
Workgroup
Syncing
calls.
Recordings
of
these
meetings
are
available
on
YouTube.

Ecosystem
News
and
Updates

SingularityDAO

SingularityDAO,
a
decentralized
portfolio
management
protocol,
announced
several
strategic
partnerships
and
integrations.
These
include
collaborations
with
Jam
Galaxy,
Alpha
Capital,
and
Outlier
Ventures.
The
protocol
also
facilitated
the
ASI
Alliance
token
migration
on
its
dApp.

Rejuve.Bio

Rejuve
Biotech
focuses
on
mitigating
age-related
diseases
through
advanced
AI
and
multi-omics
research.
The
project
continues
to
grow
its
crowd
fund,
preparing
for
presentations
at
AGI-24
and
other
industry
events.

Cogito

Cogito
provides
institutional-grade
investment
products
by
bringing
traditional
financial
assets
onchain.
The
project
onboarded
new
investors,
listed
its
token
on
partner
Plena,
and
participated
in
various
industry
podcasts
and
summits.

Jam
Galaxy

Jam
Galaxy,
a
Web3
music
studio,
announced
a
strategic
partnership
with
SingularityDAO
and
is
experiencing
significant
growth.
The
platform
is
nearing
completion
of
its
DePIN
simulation
and
preparing
for
a
testnet
run.

Latest
SingularityNET
Events
and
Conferences

FIL
Brussels

SingularityNET
participated
in
FIL
Brussels,
discussing
its
new
partnership
with
Filecoin
to
advance
AI
capabilities
through
DePIN.
The
collaboration
aims
to
integrate
Filecoin’s
tech
stack
into
SingularityNET’s
platform
and
leverage
Filecoin
for
creating
and
managing
Knowledge
Graphs.

SingularityNET
Community
Spotlight

Community
leaders
actively
contribute
to
the
growth
of
the
SingularityNET
ecosystem.
Recent
initiatives
include
videos
discussing
the
ASI
Alliance
and
updates
on
the
ASI
token
merger,
as
well
as
participation
in
industry
events
like
ADN2024
in
Buenos
Aires.

SingularityNET
in
the
News

Recent
media
coverage
highlights
SingularityNET’s
progress
and
partnerships:

About
SingularityNET

Founded
by
Dr.
Ben
Goertzel,
SingularityNET
aims
to
create
a
decentralized,
democratic,
inclusive,
and
beneficial
AGI.
The
team
includes
seasoned
engineers,
scientists,
and
researchers
focused
on
various
application
areas
such
as
finance,
robotics,
and
biomedical
AI.

For
more
information,
visit
the

SingularityNET
website.

Image
source:
Shutterstock