AI Decentralized Alliance launches with plan to fund 100 blockchain-powered projects

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SingularityNET and AI Decentralized announced the Decentralized AI Alliance (DAIA), an open industry alliance trying to foster the development of decentralized AI technologies.

AIDA promises to bring together companies, foundations, and labs operating at the intersection of AI and blockchain technology. The alliance will provide a medium for member organizations to coordinate standards, protocols, interfaces, and other technical matters, along with organizing community events, providing networking opportunities, and giving legal and management guidance.

DAIA will also foster the creation of funds to support AI blockchain-powered projects. The initial DAIA plan involves an affiliated fund that will support 100 projects over the next two years, with funding allowances of $2 million for each of the first 50 projects.