Web3 AI Startup Tensorplex Labs Raises $3M for Decentralized AI Infrastructure

03/21 12:22

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Tensorplex Labs, a startup focused on Web3 and artificial intelligence (AI), has raised $3 million in seed funding to develop a decentralized AI infrastructure. The funding round was led by Canonical Crypto and Collab+Currency, with participation from Digital Currency Group, Quantstamp, and Amber Group. Tensorplex Labs aims to accelerate the growth of open, decentralized AI networks such as Bittensor, which has a market cap of over $4 billion. The company believes that decentralization is the solution to the risk of tech giants monopolizing AI and becoming prone to biases or censorship.

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