Decentralized AI protocol Prime Intellect completes $15 million financing, led by Founders Fund

ChainCatcher news, the decentralized AI protocol Prime Intellect announced that it has completed a $15 million financing round, led by Founders Fund, with participation from Menlo Ventures, Andrej Karpathy (EurekaAI, Tesla, OpenAI), Clem Delangue (Hugging Face), Dylan Patel (SemiAnalysis), Tri Dao (Together.AI), Balaji Srinivasan (Network School), Emad Mostaque (Stability AI), Jake Medwell (co-founder of 8VC), Brendan McCord (Cosmos Institute), Sandeep Nailwal (Polygon), and others. After this financing round, its total fundraising amount exceeds $20 million. Prime Intellect is building a peer-to-peer protocol focused on computation and intelligence, dedicated to the collective co-creation, co-building, and sharing of sovereign open-source AI.