Inference Labs, a company focused on developing a network for zero-knowledge verification with Proof-of-Inference for AI, has announced a successful pre-seed funding round of $2.3 million. This funding will enable the company to further its mission of creating a decentralized and secure environment for AI to thrive.
As the integration of artificial intelligence (AI) becomes more prevalent on a global scale, there are concerns about its potential for monopolization and manipulation. Experts believe that AI technology should adhere to principles such as freedom of expression and inclusivity in order to create a more equitable world.
Inference Labs recognizes the risks associated with AI, including discrimination and algorithmic bias, and aims to address these issues by leveraging the transformative potential of Web3. The company is committed to decentralizing and democratizing AI, making it more accessible and self-sovereign.
To bring its vision to life, Inference Labs secured funding from various investors, including Digital Asset Capital Management, Delphi Ventures, Mechanism Capital, Big Brain Holdings, BitScale Capital, Edessa Capital, ID Theory, and Metropolis DAO. This investment will help optimize the company’s innovative approaches to AI verification and accelerate product development.
One of Inference Labs’ key solutions is Proof-of-Inference, which combines zero-knowledge cryptography and advanced machine learning. This approach allows miners to provide predictions along with ZK 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, Inference Labs 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 allows users to stake their digital assets and earn rewards through the Liquid Restaking (LRT) protocol.
Omron operates through a system of smart contracts, Bittensor validators, and mining nodes. The Bittensor decentralized network enables machine learning models to exchange and monetize on a blockchain platform, providing AI services and earning crypto in return.
Inference Labs’ strategic integration of AI and blockchain, along with its successful funding round, is a significant step towards democratizing AI technology and ensuring its development is fair, accessible, and protected from monopolistic tendencies.