{"id":195717,"date":"2023-11-09T09:39:46","date_gmt":"2023-11-09T09:39:46","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=195717"},"modified":"2023-11-09T09:39:46","modified_gmt":"2023-11-09T09:39:46","slug":"ai-infrastructure-startup-ritual-raises-25m-to-fill-gaps-in-crypto","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/ai-infrastructure-startup-ritual-raises-25m-to-fill-gaps-in-crypto\/","title":{"rendered":"AI infrastructure startup Ritual raises $25M to fill gaps in crypto"},"content":{"rendered":"

Decentralized artificial intelligence (AI) network Ritual came out of stealth mode to announce a $25 million Series A financing for the company, led by Archetype. The company offers an AI-powered infrastructure that aims to execute complex logic currently beyond smart contracts.<\/p>\n

While AI adoption maintains an uptrend across all business verticals, issues such as high compute costs, limited hardware access and centralized APIs hinder the full potential of the current AI stack. As explained in Ritual\u2019s introductory post:<\/p>\n

\u201cThe grand vision for Ritual is to become the schelling point of AI in the web3 space by evolving Infernet into a modular suite of execution layers that interop with other base layer infrastructure in the ecosystem, allowing every protocol and application on any chain to use Ritual as a AI Coprocessor.\u201d<\/p><\/blockquote>\n

The introduction of such AI models in crypto \u2014 from base layer infrastructure to applications \u2014 can help address new use cases, such as automatically managing risk parameters for lending protocols based on real-time market conditions.<\/p>\n

<\/p>\n

Ritual\u2019s protocol diagram reveals the use of modular execution layers revolving around AI models. The GMP layer \u2014 consisting of layer 1, rollups and sovereign \u2014 \u201cfacilitates interop between existing blockchains and Ritual Superchain, which functions as an AI coprocessor for all blockchains.\u201d<\/p>\n

Investors including Balaji Srinivasan, Accomplice, Robot Ventures, Accel, Dialectic, Anagram, Avra and Hypersphere joined the $25 million Series A funding round. The funding will be used to grow Ritual\u2019s developer network and start seeding the network.<\/p>\n

Related: <\/em><\/strong>Visa launches global AI advisory practice focused on generative systems<\/em><\/strong><\/p>\n

The vagueness presented in the recent executive order on AI safety from the Biden administration raised concerns among the AI community over stifling innovation.<\/p>\n

The order established six new standards for AI safety and security, which include sweeping mandates, such as sharing the results of safety tests with officials for companies developing \u201cany foundation model that poses a serious risk to national security, national economic security, or national public health and safety,\u201d and \u201caccelerating the development and use of privacy-preserving techniques.\u201d <\/p>\n

Magazine: <\/em><\/strong>Crypto City: The ultimate guide to Vancouver<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Decentralized artificial intelligence (AI) network Ritual came out of stealth mode to announce a $25…<\/p>\n","protected":false},"author":4,"featured_media":195716,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAI infrastructure startup Ritual raises $25M to fill gaps in crypto - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/ai-infrastructure-startup-ritual-raises-25m-to-fill-gaps-in-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI infrastructure startup Ritual raises $25M to fill gaps in crypto - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Decentralized artificial intelligence (AI) network Ritual came out of stealth mode to announce a $25...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/ai-infrastructure-startup-ritual-raises-25m-to-fill-gaps-in-crypto\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T09:39:46+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/11\/AI-infrastructure-startup-Ritual-raises-25M-to-fill-gaps-in-crypto.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/ai-infrastructure-startup-ritual-raises-25m-to-fill-gaps-in-crypto\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/ai-infrastructure-startup-ritual-raises-25m-to-fill-gaps-in-crypto\/\",\"name\":\"AI infrastructure startup Ritual raises $25M to fill gaps in crypto - 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