Originally published on: September 09, 2024
A groundbreaking development in the world of artificial intelligence has recently taken place, as PIN AI, an innovative AI infrastructure company, has secured an impressive $10 million in pre-seed funding. The company has also made a significant move by joining the Fall 2024 cohort of the a16z Crypto Startup Accelerator (a16z CSX).
PIN AI is on a mission to revolutionize the AI landscape by creating the first-ever open-source Personal Intelligence Network (PIN). This new open-source solution, which has stemmed from collaborative research efforts at Ethereum Core, Stanford, and MIT, is already being considered as a strong competitor to Apple’s recently launched Apple Intelligence AI solution.
In a recent Q&A session with Cointelegraph, Ben Wu, one of the co-founders of PIN AI, highlighted that the announcement made by PIN AI on September 9 aligns perfectly with Apple’s simultaneous announcement, emphasizing the strategic timing to maximize impact.
PIN AI aims to provide a privacy-focused, open-source alternative to Apple Intelligence, which is currently exclusive to specific iPhone models. By offering a decentralized solution that can run on a wider range of devices, PIN AI seeks to make its technology accessible to a broader audience.
Wu emphasized that tech giants like Apple, Google, Facebook, and Amazon have built vast empires fueled by user data. The PIN AI platform seeks to empower developers to create AI agents that operate on users’ devices while maintaining user data privacy in a decentralized manner.
Utilizing blockchain technology and advanced AI models, the PIN AI platform enables users to securely manage their data across multiple applications. Davide Crapis, another co-founder of PIN AI, highlighted that the open-source PIN is designed to safeguard user freedom from dominant internet players and aims to reclaim over $100 billion in profits generated from user data.
In related news, on September 5, a significant step towards international cooperation on AI values and goals was taken, as the Council of Europe ministers of justice met to discuss the Framework Convention on AI. This treaty, set to be signed by the United States, the European Union, and the United Kingdom, focuses on human rights and democratic values, aiming to regulate both public and private-sector AI models.
As the world progresses towards a unified approach to AI ethics and regulations, PIN AI’s innovative open-source alternative to Apple Intelligence is poised to make a substantial impact in the evolving AI landscape.
