Polygon‘s AggLayer Boosts Sentient’s $85M Seed Round for AI Development

• Founders Fund co-led an $85 million investment in Sentient, an open-source AI development platform built on Polygon.

• Sentient aims to democratize AI development, countering dominance by tech giants like Google and Meta.

Peter Thiel‘s Founders Fund has co-led a significant $85 million seed round investment in Sentient, an open-source AI development platform. The platform will be built on Polygon, an Ethereum scaler, marking Polygon’s foray into AI. Polygon co-founder Sandeep Nailwal is a key contributor to Sentient, highlighting the projects ambitious scope.

congratulations to the entire sentient team!

➨ a pivotal step for the @sentient_agi platform that will be built on polygon cdk, tapping into the unified liquidity of the agglayer

— Polygon | Aggregated (@0xPolygon) July 2, 2024

The funding round was co-led by Founders Fund, Pantera Capital, and Framework Ventures, with contributions from numerous other investors, including Ethereal, Robot Ventures, Symbolic Capital, and Delphi.

The funds will be used to build out the platform, hire AI research and blockchain engineering experts, and establish partnerships with leading academic institutions and industry players. Sentients goal is to provide an open-source platform for AI research and development that aligns AI innovations with community-built open AGI.

Decentralization and Equitable Distribution

Sentients core contributors emphasize the need for a balanced approach to AI development. Sandeep Nailwal, Polygon co-founder and Sentient core contributor highlighted the risks posed by the concentration of power in a few centralized entities. He stressed the importance of distributing the benefits of AI equitably and ensuring its development aligns with the interests of humanity.

Pramod Viswanath, another core contributor and a professor of engineering at Princeton University, echoed these sentiments. He pointed out the dangers of a few companies controlling access to AI services and the need for a community-driven approach. Viswanath emphasized that while some aspects of AI, such as inference, require significant computing power and may not benefit from decentralization, other areas can thrive with diverse contributions.

Viswanath introduced the idea of a new form of property rights in AI. He argued that community ownership and the return of economic value for contributions are crucial. By respecting property rights and aligning incentives, Sentient aims to distribute power more fairly and ensure the benefits of AI reach a broader audience.

This new approach to property rights in AI is seen as a vital step toward maintaining the technologys alignment with human interests. The goal is not to decentralize AI development entirely but to ensure a fair distribution of power and benefits.

Partnerships and Collaborations

Sentient plans to collaborate with leading academic institutions and industry players to advance its mission. These partnerships are expected to bring together a diverse group of experts and stakeholders to contribute to the platforms development and ensure it remains open and accessible.

The involvement of prominent investors and industry leaders underscores the significance of Sentients initiative. Sentient is well-positioned to make meaningful progress in developing open AGI by attracting substantial funding and support.

Despite the promising outlook, Sentient acknowledges the challenges associated with its mission. Decentralizing certain AI processes, such as inference, presents practical difficulties due to the significant computing power required. However, Sentient remains committed to overcoming these challenges and advancing its vision of a community-driven AI platform. The companys approach to AI development is rooted in the belief that diverse opinions and contributions can drive innovation.