- Bagel has confirmed that it is working with NVIDIA in the Inception Program to advance privacy-preserving AI solutions.
- Filecoin has hailed this partnership with Bagel celebrating their cooperation with Bagel with potential for expansion.
With AI solutions posing great potential and equally great risks, the tech and blockchain community is teaming up to explore the great potential and mitigate any risks. In a recent announcement by Bagel on the X platform, the decentralized data platform aiming to support machine learning (ML) models, the platform confirmed it is partnering with NVIDIA.
This marks a huge milestone for Bagel, which will be working with the largest company that invents the GPU and drives advances in AI. According to the team, this collaboration aims to enable humans and autonomous AI agents to manage machine learning resources securely.
The team goes on to detail how the new partnership will affect users, noting:
NVIDIA will provide compute and cloud support to Bagel’s privacy-preserving machine learning platform. NVIDIA’s cloud solutions will integrate Bagel’s SDK, allowing machine learning engineers and researchers to monetize AI creations without compromising privacy.
To create a platform that powers Infinite Intelligence for humans and agents, this partnership takes us a step closer to that vision.
Commenting on the announcement, Bagel partner, Filecoin, has applauded the platform for its immense achievement. The platform noted that this is an exciting partnership to advance privacy-preserving AI. To this, Bagel thanked Bagel and celebrated their working partnership.
Congrats, Bagel! 🔥🔥🔥Exciting partnership to advance privacy-preserving AI!
— Filecoin (@Filecoin) May 27, 2024
With the three entities entangled, this has led to speculation that Filecoin could explore a partnership with NVIDIA in the future. Filecoin is committed to building the largest decentralized data storage marketplace, protocol, and cryptocurrency. With the intersection of the decentralized world and the emerging AI space, experts anticipate that Filecoin could play a key role in the growth of the entire ecosystem.
With the growth of the space, Filecoin’s native token FIL could witness increased utility and value. However, FIL has come under some bearish pressure in recent days. At the time of writing, FIL is trading for $5.90 after a 2% drop in the last 24 hours. This extends the altcoin’s weekly plunge by 4.5%. With a majority of rival altcoins enjoying some bullish reprieve in recent days, FIL’s drop signals little investor attention, driving bearish pressure on the 39th-ranked coin.
Key developments around the project hold great promise for the altcoin. As CNF recently reported, the platform is undergoing a critical upgrade to bolster its data onboarding process. Filecoin’s Nv22 Dragon upgrade introduces groundbreaking enhancements, including direct data onboarding, which streamlines the process for storage providers.
Additionally, the upgrade also brings faster block times and enhanced security measures, highlighting Filecoin’s commitment to affordability for storage providers. As the project advances its technology and accelerates adoption, this will drive utility and demand for the digital asset.
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