AI is becoming more popular, so more money is being put in. Gensyn said it would use the money to get the system going faster and hire more people.
Gensyn, a company that provides blockchain-based computing tools for artificial intelligence (AI) platforms, has raised $43 million in a Series A funding round led by a16z, a large venture capital firm.
Gensysn co-founder Ben Fielding said in a news release that for AI to reach its full potential, it needs a lot of computing power. “We are capturing the electricity of a new age and making it available to everyone at fair market prices and on an unlimited scale.”