ICO to Build Next Generation AI Raises $36 Million in 60 Seconds

SingularityNET increased 36 million. USD in a minute and sold entirely of its original AGI tokens. Although this is a huge sum of money raising for an incredibly short period of time, it is somewhat surprising considering the demand. The company claims that the question was surplus overwritten, with 20,000 registered to participate, and sought to buy 361 million.

SingularityNET aims to create a decentralized marketplace for AIs, where each AI can interact (and pay each other) as needed to solve customer problems.

ICO to Build Next Generation AI Raises $36 Million in 60 Seconds

“If you need a document summarized, as a user you can put a request into SingularityNet...

You may get bids from twenty different document summary nodes...and you may choose one with the right balance of reputation and price.

But now that document summary node if it hits something in the document it can’t deal with, it can outsource that...if the document summary node that you’re paying...hits an embedded video it can outsource that to a video summarizing node and it can then pay it some fraction of the money it was paid. Or, if it sees a quote in Russian...it can outsource that ...to a Russian to English translation node that can do that translation, then send it back to the document summary node.”
_{Read more: cointelegraph.com}

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