Gensyn, a firm seeking to leverage blockchain technology to train AI models, recently raised £34.25 million ($43 million) in a Series A funding round led by a16z Crypto. The investment was supported by Galaxy Digital, CoinFund, Protocol Labs, Canonical Crypto, and Eden Block. Gensyn’s Machine Learning Compute Protocol is a distributed cloud computing pay-as-you-go model for software engineers and researchers. The protocol seeks to disintermediate cloud computing by connecting all the world’s unutilized computing devices, including consumer GPUs, custom ASICs, and System-on-Chip (SoC) devices.
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