SingularityNET and DeepBrain Chain Partner for AI Dev’t Platform

San Francisco based AI computing platform DeepBrain Chain on Monday announced a new partnership with SingularityNET, a leading full-stack, open-source innovation platform. The partnership will allow SingularityNET’s AI Agents to locate required computing power and data sets via the DeepBrain Chain Network, while also enabling connections between agents that autonomously link one service to another with no user input required.   

DeepBrain Chain is working on a marketplace and ecosystem for the development and training of AI modules using integrated cloud networks, while SingularityNET seeks to smooth and improve autonomous interactions between AI agents. SingularityNET plans to use DeepBrain Chain’s AI cloud services for the required computing power to enable anyone to use their SNet service. The two blockchain AI partners said they will prioritize the development of a framework sharing data between their two platforms, so that a user can easily move between them without losing previous work.

Chief AI Officer and Executive VP of DeepBrain Chain, Dongyan Wang said, “Our goal is to make AI more affordable across the market, allowing for further innovation in industries such as healthcare and finance. Being the first AI platform built on the blockchain, we have taken a responsibility to lower computing cost by at least 50 percent. With our new collaboration with SingularityNET, we know we’ll not only lower costs, but begin to create a larger network of data sharing to further capabilities of those trying to significantly impact our daily lives.”

 New Artificial Intelligence companies numbered 5,154 between 2012 and 2016, with computation expenses for complex machine learning activities accounting for 20 percent to 30 percent of business operating expenditures, according to DeepBrain Chain 

A study released by Narrative Sciences estimated that 62 percent of enterprises will utilize some form of AI by 2018.