Nous Research Completes $50 Million Series A Financing, Led by Paradigm

On April 25th, according to Fortune magazine, decentralized AI startup Nous Research completed a $50 million Series A financing round, led by Paradigm. This round of financing valued Nous' tokens at $1 billion. Previously, the company raised about $20 million through a seed round of financing, with investors including Distributed Global, North Island Ventures, Delphi Digital, and other institutions. The funds from this financing will be mainly used to enhance computing power reserves and expand the research team. It is worth noting that this is Paradigm's largest investment in the AI field since the FTX collapse in 2022, signaling that crypto capital is accelerating its layout in cutting-edge technology cross-fields. Nous was founded by a group of AI researchers in 2022, focusing on developing open-source large language models. Its innovation lies in using the Solana blockchain to coordinate global distributed computing resources, incentivizing users to contribute idle GPU computing power to participate in model training through incentive mechanisms. The team's Hermes series of open-source models have been recognized by the community and have collaborated with OpenAI co-founder Diederik P. Kingma on multiple research papers.