The concept of "deep learning" evolved decades ago and is required for AI-based applications, with the necessitates of its development based on patterns found in the human brain. Most AI developers, though, cannot afford the computing power needed to run these AI applications. Instead, they're forced to rent from cloud computing platforms.
Gensyn is a London-based blockchain start-up that is building cost-efficient and decentralised deep learning and machine learning compute networks, allowing deep and machine learning models to be trained at a new scale and at a cheaper cost. At a time when the popularity of artificial intelligence is soaring, the potential for such an offering is high, definitely making the company one to watch.
Founded in 2020, Gensyn's long list of investors include Eden Block - a Web 3.0 infrastructure VC - as well as founders from major blockchain organisations. Its latest raised, headed by Andreessen Horowitz, is cited to support the expansion of Gensyn's team, as well as help with the finalization and launch of its product.
Steph
Company Specialist at Welcome to the Jungle