The Near protocol wants to create the largest open-source AI in the world.
You've heard that the NEAR protocol now has artificial intelligence as its main narrative. Well, the guys are looking to dive head first into the world of artificial intelligence in a big way. Recently, NEAR announced that it is planning to build an AI model with 1.4 trillion parameters, which is 3.5 times larger than Llama, the model of the owner of Facebook and Instagram.
Artificial intelligence is already dominating everything from social networks to productivity tools, and whoever has the best technology in the future will definitely come out ahead.
NEAR decided to create this AI that promises to be the largest open-source AI in the world. This means that any person or company will be able to use the model, which is very different from closed AI like GPT chat that only openAI controls.
This move by NEAR shows that they are thinking big. The NEAR protocol is already a blockchain known for being fast and cheap, but they are going beyond the issue of cryptocurrencies. The idea is to use this gigantic AI to help developers, companies and even smaller projects create smarter solutions without having to spend millions creating an AI from scratch.
What does this mean for the crypto market?
Well, in addition to attracting more attention to NEAR, this can also boost the price of the token. The more people interested in the technology, the greater the value that the market gives to this cryptocurrency. For those who are crypto investors, this type of news is a good sign.
When a blockchain decides to expand its horizons, it attracts more investors and partners, and in the case of NEAR, this can mean new collaborations with large companies and technologies or even innovative startups.
Of course, not everything is perfect. Creating such a large AI model is not easy. It requires a lot of infrastructure, money, and experts in the field. However, the fact that they are focusing on open source is already a positive point, because by opening the project to the community, they can get help from developers from all over the world, speeding up the process. The crypto market has shown itself to be very receptive to innovative projects, but in the end, we never know exactly what will happen. Is this just another narrative to gain value? What do you think? Are you holding $NEAR? But one thing is certain: NEAR is betting big. If they manage to deliver this gigantic AI model, the name of the NEAR protocol will be everywhere, and those who invested early can profit.
I read this news on cointelegraph.com and it was originally posted on November 10, 2024, compared to the chart from a month ago the price was rising and reached more than $8.00 and today the price of NEAR is $4.94. Do you think it reached this price because of this new narrative or was it just the effect of the Bull market? The green arrow in the image points to the day of the news.
