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Blockchain-Harnessing AI Project Jada Receives $25M in Capital
The project's aim is to offer AI services that aid decision-making for organizations and scale up their operations.
Aug 17, 2023, 9:00 a.m.
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- Jada AI offers AI services that aid decision-making and scale the operations of organizations.
- The project operates in a blockchain-based environment where the AI computations are executed among the nodes participating in the network.
Jada AI, an artificial intelligence project that harnesses blockchain technology, has raised $25 million from alternative investment group LDA Capital.
The project aims to offer AI services that aid decision-making for organizations and scale up their operations, according to an emailed announcement shared with CoinDesk.
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The capital will be used to grow the project’s team of developers and add new organizations.
Jada operates in a blockchain-based environment where AI computations are executed among the nodes participating in the network.
“This allows for the AI’s processing to be untampered, cross-verified and equally distributed to enable an efficient allocation of compute resources,” Jada AI founder Diego Torres told CoinDesk in an email.
Read More: Artificial Intelligence Trend is Accelerating With ‘Lion’s Share’ in the U.S.: Morgan Stanley
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