Binance recently announced investments in decentralized artificial intelligence ecosystems Sahara AI and MyShell.
As artificial intelligence continues to intersect with blockchain technology and digital assets, the venture capital and incubator arm of crypto exchange Binance has placed investments in AI-focused startups.
Binance Labs investment director Max Coniglio shared the details behind the company’s most recent investments and explained why the crypto firm has been diving into AI.
On Aug. 14, the venture capital firm invested in the decentralized platform Sahara AI. The project will create an AI ecosystem that allows onchain attribution throughout the AI development cycle, reward participants for operating infrastructure and build an autonomous agent, among its many other goals.
