Can someone explain the role of Zarqa in Snet? Zarqa

Question

Can someone explain the role of Zarqa in Snet? Zarqa

raised $15mil in seed money, about to raise $50mil in series A, and $130mil in 2024.
They go after real AGI. Zarqa ALREADY talks with commercial partners...
Where is the value of AGIX tokens gonna come from if Zarqa is the one holding all the cards?

#cryptocurrency #english #singularitynet

0

25.04.2023

2 ответов

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Andrey Автор вопроса

Janet
Hi Audrey thanks so much for your detailed questio...

Thank you Janet for such an elaborate answer. I apologize for messing up the numbers, but got it all from the recent ZARQA AMA hosted by you. I have been an investor since 2017 and deeply care about Snet's mission. Everything is crystal clear now. Also, aside from other very important spin-offs by Snet, I believe NTX will play a CRUCIAL role in the success of Snet ecosystem. 5,623 GPUs are great and absolutely needed right now BUT nothing compares to the power of decentralized computational global network. Everything is coming together very fast. I didn't realize at first that my question got answered by THE Janet Adams, I feel privileged to receive an answer directly from you. Thank you Janet. To Singularity and beyond!

0

26.04.2023

Janet · Accepted Answer

Hi Audrey thanks so much for your detailed questions and interest. I’m not sure where you’re getting those numbers from; please may I clarify: we are currently raising seed funding of $15M and will raise a further $130M Series A in early 2024. Everything that Zarqa will do is designed to support SingularityNET’s mission. The business and AI landscape has shifted dramatically in 2023 as we are headed into the AI summer, and the incredible popularity of Chatgpt is bringing AI into mainstream usage across the world with 25M people a day using chatgpt currently. That’s the fastest growing product in the history of the world. It has become clear however that DNNs are reaching the limit of what they can achieve - Sam Altman even said this at MIT recently. It has also become clear that SNet (uniquely !?) has the skills and technology stack to make a new much more powerful hybrid large language model that can overcome the limitations of todays DNN based models. And finally, it has become clear that in order to achieve this we need our own scaled compute power - we are buying 5632 GPUs. Now the reason we haven’t just bought this in SNet is that we don’t have the $100M. So we created Zarqa which will buy the GPUs which will be used to train our biggest and most complex models, creating powerful large language and image and music models to put on the SingularityNET marketplace - driving massive adoption of the platform and AGIX utility. It’s really great for SNet and our community, and the warm and positive response we are receiving from investors and partners alike is very encouraging in these early days. Zarqa will work side by side with TrueAGI to integrate its LLMs with OpenCog Hyperon’s symbolic and evolutionary inference, and to deploy smart LLMs to enterprises wrapped in TrueAGI APIs. Zarqa will also partner with Hypercycle and Nunet, and probably every spin off in some size shape or form once we have these powerful models built. It’s really win win win for SingularityNET and I’m truly excited and proud to be chosen by Ben to co-lead this initiative with amazing Sergey Shalyapin, building out in the Middle East which is a very fertile ground for technology startups to grow at an accelerated pace. Please keep the questions coming and I’ll keep answering! ☀️

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Can someone explain the role of Zarqa in Snet? Zarqa

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