London, United Kingdom, April 9th, 2024, Chainwire

NeuroMesh (nmesh.io), a trailblazer in artificial intelligence, announces the rollout of its distributed AI training protocol, poised to revolutionize global access and collaboration in AI development. Embracing DePIN’s decentralized framework, NeuroMesh bridges the gaps between the demand for training large AI models and distributed GPUs. This initiative aims to foster inclusivity in AI development, facilitating participation across diverse sectors and geographies.

Visionaries in AI: The team’s global ambition

The team behind NeuroMesh, composed of researchers and engineers from Oxford, NTU, PKU, THU, HKU, Google, and Meta, pioneers a democratic AI training process. This visionary approach addresses the limitations of centralized AI development by enabling GPU owners worldwide to contribute to a vast training network, empowering entities of all sizes to leverage this service for their training needs.

NeuroMesh transcends traditional AI by fostering collaboration. Their vision is to equip every developer and organization, regardless of location or resources, with the ability to train and utilize cutting-edge AI models. This aligns perfectly with the vision of AI pioneers like Yann LeCun, who advocate for a future powered by crowdsourced and distributed AI training.

A revolutionary design based on PCN

At the heart of NeuroMesh’s distributed training protocol lies the groundbreaking PCN (Predictive Coding Network) training algorithm – a true game-changer in this field. This approach empowers GPU owners worldwide to contribute their power, fostering a vast collaborative effort.

The PCN Training Algorithm: The magic behind NeuroMesh lies in the PCN training algorithm. Unlike traditional backpropagation (BP) methods, PCN enables fully local, parallel, and autonomous training. The team aims to create a vast network, where each node—representing a participating GPU—learns independently. PCN minimizes inter-layer communication, reducing data traffic and facilitating asynchronous training. Think of it as a symphony where each musician plays their part independently, yet contributes to a harmonious whole.

This cutting-edge model, inspired by recent advancements in neuroscience research pioneered by Oxford University, mimics the human brain’s localized learning approach. By storing error values and optimizing for a local target in each layer, it replicates the behavior of brain neurons. This allows NeuroMesh to define models that are much larger, with individual components that contribute to the same ultimate optimization objective for the whole network, just like the human brain where different stimuli are handled by different groups of neurons.

This biologically-inspired approach, combined with its inherent distribution capabilities, unlocks a new era of AI development.

A call to forge global partnerships

NeuroMesh invites partnerships globally, aiming to forge an AI future that everyone can participate in. Its protocol is the bedrock upon which a diverse ecosystem is being built. The ecosystem is designed to be dynamic, collaborative, and adaptable, ensuring that it can serve the AI model training needs of any size, from any industry.

Individuals, projects with GPU resources, and entities with training needs are all welcome to join this transformative initiative. For comprehensive details on NeuroMesh and to participate in this leading-edge endeavor, users can visit nmesh.io.

About NeuroMesh

NeuroMesh comprises researchers and engineers from esteemed institutions such as Oxford, NTU, PKU, THU, HKU, Google and Meta. By empowering developers and organizations to deploy robust AI models, NeuroMesh is cultivating an inclusive AI ecosystem, bridging the gaps between the demand of training large AI models and distributed GPUs worldwide.

For more information, users can visit NeuroMesh’s

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Contact

CMO


Kenchia Lee


NeuroMesh


[email protected]


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• BlackRock’s spot Bitcoin ETF (IBIT) is near $20 billion in assets, currently in top 3% among all ETFs.
• IBIT and FBTC have recorded 59 days of inflows – a streak that puts the two among top 20 ETFs.
• Meanwhile, Bitcoin price could hit a new all-time high amid spot ETF and halving sentiment.

BlackRock’s spot Bitcoin ETF (IBIT) continues to outshine peers as inflows surge.

Data also shows that IBIT is not just in the top 20 in terms of longest consecutive streak of inflows, but its also climbing the ranks for total assets.

Bloomberg ETF analyst Eric Balchunas shared these details on Monday. He noted that BlackRock’s spot Bitcoin ETF has inched to within the top 3% among all ETFs for total assets held.

According to the analyst, IBIT is closer to hitting the $20 billion mark in assets, a feat that could coincide with a new all-time high for Bitcoin.

BlackRock’s IBIT leads peers

BlackRock, the world’s leading asset manager recently updated its list of Authorised Participants (APs) to include banking and investment giants Goldman Sachs, Citigroup, Citadel and UBS among others.

As at the time of his post on X, IBIT assets under management totaled $18.96 billion and ranked 88th overall.

It means the new spot Bitcoin ETF currently sits above some of the oldest ETFs in the market. Those IBIT has surpassed include the iShares MSCI Emerging Markets ETF (EEM), the VanEck Semiconductor ETF (SMH), the iShares MSCI Japan ETF (EWJ), and the iShares TIPS Bond ETF (TIP).

$IBIT is nearing $20b in assets, curr 88th spot among all ETFs, which puts it in Top 3%. It just passed a bunch of veterans incl $EEM, $EWJ, $SMH and $TIP pic.twitter.com/IgmuHpFlKb

— Eric Balchunas (@EricBalchunas) April 8, 2024

Earlier in the day, Balchunas had noted that BlackRock’s IBIT and Fidelity’s FBTC ETFs “have now taken cash for 59 straight days.”

That means the two ETFs are trending in the top 20 all-time charts, the hot streak putting these ETFs in a league of their own compared to other newly launched ETFs or those on an active streak.

MOVIN ON UP: $IBIT and $FBTC have now taken cash for 59 straight days and are now in the Top 20 all-time. (That said they in league of own when it comes to active streaks or streaks for newborns) via ⁦@thetrinianalyst⁩ pic.twitter.com/3cdYorXjOT

— Eric Balchunas (@EricBalchunas) April 8, 2024

Bitcoin price eyeing new all-time high

The ongoing pace for spot Bitcoin ETFs, which the US Securities and Exchange Commission (SEC) approved in January this year, has helped push Bitcoin price higher.

On Monday, BTC rose to above $72,600. Although its trading around $71,900 at the time of writing, bullish sentiment could see the benchmark crypto hit a new all-time above the peak reached in mid-March.

According to data from CoinGecko, Bitcoin’s current all-time high of $73,737 was reached on March 14, 2024. Analysts predict a post-halving explosion for Bitcoin price.