Theta Network Reveals New Partnership With AI Platform

February 20, 2023 12:19 pm Comments

The Theta Network has just announced that the company has partnered with the artificial intelligence platform called FedML.

The goal of the partnership is to allow for the use of machine learning in order to make content recommendations on Theta’s blockchain ecosystem.

This is quite important given that Theta’s main use case is providing video content and such technology would certainly be needed in order to keep user engagement up.

Investors expect this partnership to basically combine innovative blockchain technologies with the latest advancements in AI.

In the long term, it is expected that this will increase usage of the Theta Network’s blockchain and thus give more utility to its native token THETA.

CoinTelegraph reports:

According to the FedML team, Theta’s Edge Network, which is operated by many decentralized nodes across the globe, is a good fit for distributed computing required for collaborative machine learning and other AI use cases.

FedML co-founder and CEO Salman Avestimehr said the partnership combines two visions to enable collaborative AI within the Web3 space.

He further explained that:
“Ad recommendation and generative AI are just two immediate applications, where there is an immediate need for people to contribute their private data into the training of the machine learning models that they all benefit from.”

Meanwhile, Theta Labs co-founder and CEO Mitch Liu said that the partnership unlocks a new use case for Theta’s edge nodes by unlocking AI and machine learning development at a “distributed, global level.”

Many investors and industry experts are also aware of advancements on the AI side with the new found popularity of ChatGPT.

If the Theta Network were able to find a way to integrate some of the technology from ChatGPT, that could perhaps be a game changer for expanding the Theta ecosystem.

It is expected that the two industries will soon intersect in some way and the video content sector that Theta occupies will certainly be disrupted by this trend.

As a result, the fact that the company is already aware of this and is taking steps to mature in this direction indicates that this crypto project will be here to grow and be around for the long term.

This is due to the fact that it is one of the crypto projects that actually provide real utility which is what allows it to survive the recent crypto winter.

GlobalNewsWire concludes:

“Our collaboration with FedML unlocks a massive use case for Edge Nodes by enabling AI and ML development at a distributed, global level” said Mitch Liu, CEO and Co-Founder of Theta Labs. “

As distributed compute usage continues to grow at an exponential rate, Theta Network’s Edge Nodes will grow alongside it to provide seamless support for these cutting edge applications in collaborative AI.”

This partnership particularly focuses on empowering two exciting use cases in web3: generative AI and content recommendation. In the first use-case, FedML enables collaborative training of large-scale generative AI models (e.g., chatGPT-like chatbots, Stable Diffusion-like text-to-image model) on the datasets of participating users in a privacy-preserving manner.

In the second use-case, FedML enables Theta TV community members to contribute their personal preferences and compute resources to train and deploy AI models for personalized content recommendation and advertisement to them while being rewarded for their contributions (i.e., enabling AI by the community for the community).

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