AI News: Ankr Joins AI Bandwagon By Launching Neura For Blockchain

Blockchain infrastructure service provider Ankr has unleashed a new AI product as it joined the bandwagon of Artificial Intelligence pioneers.

Ankr Neura AI to Solve Startup’s Challenges

The news of the upcoming launch of the product dubbed Neura was announced at a time when more blockchain entities are diving into the ecosystem, marking a significant milestone for Ankr. 

Neura is a pioneering platform that tackles the foundational challenges of Artificial Intelligence (AI) startups. The platform’s function requires integrating decentralized GPU resources, crypto-based crowdfunding, and on-chain AI operations.

All these features are necessary for revolutionizing the deployment, training, and functioning of AI models on blockchain technology. Amongst its counterparts, Ankr Neura AI stands apart owing to the three distinct challenges of starboard that it addresses. This platform tackles the challenge of high demand for GPU resources, data management challenges, and the herculean task of securing funding. 

One of its key features is a blockchain protocol that is capable of crafting a decentralized marketplace for GPU power. With this platform, AI models can reach a well of on-demand computing expertise and also get to leverage a decentralized data storage system. 

Furthermore, they can also utilize smart contracts provided by the underlying blockchain to provide access to well-streamlined AI access, asset management, and operational processes amongst others. 

AI Growing Beyond Blockchain to Other Industries

It is worth noting that Ankr Neura AI is another platform demonstrating the fusion of blockchain and AI. It was only a few days ago that Internet Computer broke a record with the world’s first blockchain-based AI represented as a smart contract. 

The Chief Scientist and CEO of the firm Dominic Williams noted that the new product is “a demonstration of AI running on blockchain as a smart contract.” 

Generally, AI has transcended many industries, from blockchain to sports, entertainment, and many others. Earlier this year, renowned AI firm OpenAI launched Sora, a revolutionary tool that can create videos from textual descriptions. The firm is currently trying to woo Hollywood directors and producers into adopting the tool for video generation.

There is also Cognition Labs’s Devin which can train other Large Language Models (LLMs) as the world’s first AI software engineer.

Meanwhile, ANKR crypto has reacted positively to the news of the Ankr Neura AI platform launch. The crypto is currently trading at $0.0559 with a 15% increase in the last 24 hours.