The decentralized AI platform Prime Intellect has completed a $5.5 million seed round financing, led by CoinFund and others

ChainCatcher news, according to PR Newswire, the decentralized AI platform and protocol Prime Intellect announced the completion of a $5.5 million seed round financing, led by Distributed Global and CoinFund, with participation from Compound and several angel investors.

It is reported that the new funds will be used to build a computing platform to enable decentralized training across instances and to achieve shared ownership of AI models through contributions of computing, code, data, capital, or expertise.