The DeepBrain Chain Foundation, the organization overseeing the DeepBrain Chain artificial intelligence (AI) computing platform powered by blockchain technology, has unveiled plans to launch an AI and Blockchain Research Center in Silicon Valley.
The foundation plans to invest as much as US$100 million over the next three years in the new research center, which will focus on finding breakthroughs in areas that include mining and training, deep-learning algorithm, as well as AI and blockchain integration.
“We are going to build an AI + Blockchain ecosystem to significantly lower the entry barriers and costs of AI applications by securely sharing computing power, AI models and data on the blockchain,” said Dongyan Wang, DeepBrain Chain’s newly appointed chief AI officer and executive vice president.
“I hope my years of experience in the industry will help DeepBrain Chain to become the best enabling platform and ecosystem for practical, customer-centric AI applications that brings real value to for the world.”
Wang joins DeepBrain after serving as the head of global AI at Midea Group, a Fortune Global 500 company. Wang has nearly 20 years of experience in AI, Business Intelligence and data science, and had served as senior executive for companies that include Cisco, NetApp and Samsung.
Wang’s main responsibilities at DeepBrain Chain will be to lead the organization’s global team on cutting-edge AI technologies development, AI and blockchain integration, and AI applications on the leading DeepBrain Chain AI ecosystem.
In addition to the AI and Blockchain Research Center in Silicon Valley, DeepBrain Chain will be launching a series of activities including pre-sale of AI mining workstations enabled by blockchain technology, election of super nodes for the DBC AI ecosystem and the DBC main chain online.
DeepBrain Chain uses blockchain technology to provide a decentralized, low-cost and privacy-protecting AI computing platform with a full range of related products and services. By pooling together millions of nodes from across the world through its distributed and decentralized blockchain platform, it claims it can help AI companies save up to 70% of computing power costs. DeepBrain Chain says it aims to “build an AI ecosystem that’s built and governed by all stakeholders and from which all stakeholders can benefit.”
DeepBrain Chain raised US$11.7 million in its ICO last year.