Decentralized AI protocol Prime Intellect completes $15 million financing, led by Founders Fund

The decentralized AI protocol Prime Intellect announced that it has completed a $15 million financing round, led by Founders Fund, with participants including Menlo Ventures, Andrej Karpathy (EurekaAI, Tesla, OpenAI), Clem Delangue (Hugging Face), Dylan Patel (SemiAnalysis), Tri Dao (Together.AI), Balaji Srinivasan (Network School), and Emad Mostaque (Stability AI), Jake Medwell (co-founder of 8VC), Brendan McCord (Cosmos Institute), Sandeep Nailwal (Polygon), etc. After this round of financing, the total amount raised exceeds $20 million. Prime Intellect is building a peer-to-peer protocol for computing and intelligence, dedicated to achieving collective creation, construction, and sharing of sovereign open-source AI.