ObEN Close $14 Million Funding And To Build Blockchain Lab with Qtum
ObEN, a leader in the Personal Artificial Intelligence (PAI) in the United States, announce that it will jointly build a blockchain lab with Qtum. ObEN just closed 14 million USD of A round funding with leading investor from Tencent, SBCVC, and Rushan in June 2017. A year ago, Oben has started to explore PAI application based on blockchain technology to make PAI and became the partner of AI public blockchain: PAI. Oben and Project PAI think that AI and blockchain should be viewed as a whole.
There are three layers in PAI blockchain: authentication layer, intelligent network layer and data layer. Its core module is the intelligent network, in which hashing power is ported to AI parallel computing. Thus the cost of artificial intelligence computing is reduced and efficiency improved. Hashing power is converted into productivity and of more value.
The PAI project was jointly founded by Adam Zheng, ObEN co-founder of Personal AI (PAI) leader. ObEN itself will feed PAI network with a lot of artificial intelligence computing tasks. For example, ObEN constructs a user image through personal images and audio uploaded by the user to the PAI blockchain. The computations required to generate an AI image are assigned to PAI network miners via smart contracts. The miners complete the task just like the Bitcoin mining process.
COO-Adam Zheng CEO-Nikhil of PAI Project
“The data on the blockchain needs to be learned and refined. If Dapps based on blockchain are not processed and executed through AI algorithm, they would require a large number of platform companies and middlemen to do it. Therefore it will become centralized. Meanwhile, artificial intelligence requires a large amount of data to be trained. PAI believes that AI and blockchain could be integrated as a whole: blockchain as the underlying structure and artificial as the neural network. The blockchain allows users to trust their own AI. Users are willing to contribute data, which in turn will train AI. Then AI can bring users a variety of skills and service for them. Therefore, unlike many other blockchain project, PAI project is based on personal assets, which refers to everyone user’s data and the PAI trained by them. The more PAI there is, the more valuable of PAI assets.”
The technical development of the PAI blockchain is led by Alex Waters. Since 2010, Alex has been contributing to the source code of Bitcoin Core and is a core team member of the original Bitcoin blockchain algorithm. He also founded Coin.co, a Bitcoin payment company, and Coin Validation, a due diligence research company.