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Gradient Network Closes $10 Million Seed Round to Reshape Centralized AI Infrastructure
On June 17, Gradient Network, a decentralized AI infrastructure project, today announced the closing of a $10 million seed round. The round was led by Pantera Capital and Multicoin Capital, with participation from HSG (formerly Sequoia China) and a number of well-known angel investors and advisors from AI, crypto and other cutting-edge fields. Gradient is reinventing the way AI works and collaborates, creating a decentralized AI that is engaged and driven by a wide range of users. The financing will accelerate the development and implementation of its core infrastructure agreements. It is reported that Gradient will take the lead in launching two of the core protocols this week: Lattica, a decentralized data communication protocol to build an open and resilient intelligent data flow network; Parallax—A decentralized inference engine that enables the dismantling of large models and distributed operation in a network of heterogeneous devices.