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AI project Jada AI raises $25 million in funding, with participation from LDA Capital.
2023-08-17 09:09
Odaily News: Jada AI, an artificial intelligence project utilizing blockchain technology, has completed a $25 million financing round with investment from alternative investment group LDA Capital. The new funding will be used to expand its development team and increase new organizations.



According to reports, the project aims to provide AI services to help organizations make decisions and expand their operations. Jada AI operates in a blockchain-based environment, where AI computations are executed among participating nodes.



Diego Torres, the founder of Jada AI, stated in an email, "This enables the processing of AI to be tamper-proof, cross-verified, and evenly distributed, thus achieving efficient allocation of computing resources." (CoinDesk)