Nous Research, a decentralized AI startup, has secured $50 million in a Series A funding round led by Paradigm, achieving a $1 billion token valuation. The company operates on the Solana blockchain, focusing on distributed training of open-source large language models. Nous Research aims to disrupt traditional AI labs by leveraging global compute resources for its AI model training. The startup's flagship language model, Hermes 3, has surpassed 50 million downloads and powers agents across platforms like X, Telegram, and gaming environments. Their approach involves coordinating heterogeneous hardware through their psyche training network to train open-source models, which is part of their broader mission to create and serve the world's best AI. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
