The fast-growing world of artificial intelligence is about to receive another big boost this week. The latest addition includes SingularityNET, a #blockchain #AI #Startup.

According to Coin Telegraph, the startup has secured $36 million in fresh funding to build next-generation AI technology. What more interesting about this latest startup news is that the company has managed to raise fresh funding in a very short time, the website said.

In just 60 seconds after opening the sale to the public, the company sold out of the whole amount of available AGI tokens, bringing the total sale to a whopping $36 million. The company claims that in this week only, it has received registration application from about 20,000 people.

Founded in 2017 and based in Zurich, Switzerland, SingularityNET is a decentralized open market for Artificial intelligence. The Swiss startup is the first and only platform that allows companies, organizations, and developers to buy and sell AI algorithms at large scale, lowering costs and at the same time increasing AI capabilities.

The company aims to create something ambitious and something new; a decentralized marketplace for artificial intelligence, providing the AIs to interact with each other as needed to solve customers’ problems. AI and machine learning are getting more attention these days. However, most of the AI development and big efforts made are largely controlled by large corporations. Read more from…

thumbnail courtesy of