SingularityNET (AGIX) has recently released a comprehensive update for the first half of 2024, showcasing significant progress in various key areas. Authored by COO Janet Adams, the report covers crucial advancements in their roadmap, including the ASI Alliance merger, strategic partnerships, and a move towards decentralization.
Artificial Superintelligence Alliance Token Merger
On March 27, 2024, SingularityNET announced a groundbreaking three-way token merger with industry leaders Fetch.ai and Ocean Protocol. This merger resulted in the creation of the Artificial Superintelligence Alliance, the largest open-sourced, decentralized network aimed at accelerating the development of decentralized AGI and ASI for the benefit of all sentient beings.
Following a governance vote held from April 4 to April 16, 2024, AGIX token holders approved the merger, leading to the successful integration process by June 22, 2024. Over 50% of the circulating token supply had already merged, consolidating under the Artificial Superintelligence Alliance (FET) token.
Initial $53M AI Infrastructure Investment
SingularityNET also announced a significant $53 million investment towards building the world’s first modular supercomputer dedicated to decentralized AGI and ASI R&D. This supercomputer will play a crucial role in optimizing the training of key AI architectures and is anticipated to come online by the end of 2024 or early 2025.
Progress Toward AGI
The Progress Toward Beneficial General Intelligence (BGI) report released by SingularityNET elaborates on advancements in the OpenCog Hyperon AGI framework. Key achievements include improvements to the Hyperon’s cognitive components and experiential learning projects, signaling significant progress towards realizing AGI.
Decentralized AI Platform Strategy
In line with their objectives, SingularityNET shared its Decentralized AI Platform strategy and roadmap for 2024 earlier this year. The strategy highlights key elements such as the Internet of Knowledge, integrations with other decentralized platforms, scalability enhancements, and targeted adoption initiatives like Deep Funding to drive ecosystem growth.
New Executive Hire
Recently, SingularityNET welcomed Nick Nayfack as the new Chief Product Officer. With a wealth of experience in AI, web3, payments, and mobile technologies, Nayfack is poised to lead product strategy and development initiatives, steering the company towards continued success.
Deep Funding Initiatives
Through its community-driven program, Deep Funding, SingularityNET has supported a diverse set of projects with over $4 million in AGIX funding. This initiative is instrumental in fostering innovation and growth within the Decentralized AI Platform ecosystem.
Decentralization Efforts
Underscoring their commitment to decentralization, SingularityNET has laid out a comprehensive Decentralization Blueprint and actively engages in community-driven initiatives such as the Global AI Ethics Initiative. By gathering diverse perspectives, the company aims to ensure the development of ethical AI solutions that benefit society at large.
Marketing and Community Engagement
Over the past months, SingularityNET has witnessed a 15.5% increase in its online following, reaching a total of 264,014 across various platforms. The company has also introduced new marketing initiatives, including a TikTok channel and short-form video strategies, to enhance community engagement and promote the Artificial Superintelligence Alliance collaboration.
For more in-depth insights and information, make sure to check out the official SingularityNET update for a detailed overview of their progress and future plans.
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