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NEAR Protocol Partners with Hyperbolic to Enhance User-owned AI

Share on X icon · Published 1 year ago on September 17, 2024 · Hassan Maishera

The Near Protocol announced via X on Monday that it has partnered with Hyperbolic to push the development of user-owned AI forward.

NEAR Protocol Partners with Hyperbolic to Enhance User-owned AI

The Near Protocol announced via X on Monday that it has partnered with Hyperbolic to push the development of user-owned AI forward. Hyperbolic is building an open-access AI cloud that enables an open ecosystem and economy. 

By integrating Hyperbolic’s AI infrastructure, NEAR Protocol AI will scale its AI Hub and R&D efforts like AI Developer. NEAR users can leverage Hyperbolic’s global GPU network to power inference tasks at scale. This ensures faster, reliable AI model performance, all while moving towards a decentralized future where AI is owned by its users. This partnership lets developers run AI tasks with the power of decentralized infrastructure, unlocking greater scalability and reliability.

NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees. NEAR is trading at $4.072, up by 1.6% in the last 24 hours.

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.