PANews reported on April 25 that according to Fortune magazine, decentralized AI startup Nous Research completed a $50 million Series A financing, led by Paradigm (this financing was almost entirely provided by Paradigm). This round of financing valued Nous's token at $1 billion. The funds raised will be mainly used to increase computing power reserves and expand the size of the research team. Previously, the company had raised approximately $20 million through a seed round of financing, with investors including Distributed Global, North Island Ventures, Delphi Digital and other institutions. It is worth noting that this is Paradigm's largest investment in the AI field since the FTX crash in 2022, marking that crypto capital is accelerating its layout in the cross-cutting field of cutting-edge technology.
Nous was founded in 2022 by a group of AI researchers, focusing on developing open source large language models. Its innovation lies in using the Solana blockchain to coordinate global distributed computing resources and encourage users to contribute idle GPU computing power to participate in model training through incentive mechanisms. The Hermes series of open source models developed by the team have been recognized by the community, and have published multiple research papers in collaboration with Diederik P. Kingma, a founding member of OpenAI.
