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Blockchain-Harnessing AI Project Jada Receives $25M in Capital

Aug 17, 2023 at 11:45 am

The core objective of the initiative is to provide organizations with AI services that serve as invaluable tools for informed decision-making while simultaneously amplifying the scope of their operations.

Jada AI, an innovative artificial intelligence endeavor seamlessly integrated with blockchain technology, has successfully secured a substantial investment of $25 million from the prominent alternative investment group, LDA Capital.

The overarching goal of this initiative revolves around furnishing AI services meticulously tailored to assist organizations in their decision-making processes and facilitating the expansion of their operational horizons. This strategic intent was conveyed through a detailed email announcement that Bitsday had the privilege to receive.

The infusion of capital will be strategically channeled into bolstering the project's developer team, a move aimed at augmenting its technological capabilities, as well as incorporating a diverse array of new organizations into its ecosystem.

Jada operates within a cutting-edge blockchain-powered environment, wherein AI computations are seamlessly executed across the network's participating nodes. This innovative framework not only ensures the integrity of AI processing but also guarantees a system of checks and balances through cross-verification. Furthermore, the workload is judiciously distributed across the network nodes, ensuring an optimal allocation of computational resources. Founder of Jada AI, Diego Torres, emphasized the significance of this arrangement, underscoring its efficiency and security aspects, while highlighting the potential it holds for a more equitable distribution of computational power. In correspondence with Bitsday via email, Torres expounded upon these critical facets.

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