Decentralized AI platform Prime Intellect completes US$5.5 million in seed round financing

Golden Finance reported that the decentralized AI platform Prime Intellect announced the completion of a US$5.5 million seed round of financing, jointly led by Distributed Global and CoinFund, with Compound also participating. The funding will be used to build a computing platform that enables decentralized training across instances and enables co-ownership of AI models by contributing computing, code, data, capital or expertise.