Gensyn AI raises $43M for decentralized machine learning led by a16z

Gensyn AI, a UK-based decentralized machine learning compute protocol, has raised $43 million in Series A funding led by a16z crypto. The funding will be used to expand the Gensyn AI team and production costs, including a test network launch later this year. Gensyn AI aims to empower developers to create AI tools on a pay-as-you-go model. The idea is to connect all of the machine learning capable compute hardware in the world that is capable of doing machine learning training work — including GPUs and CPUs — and make it accessible to engineers, researchers, and academics. Gensyn is a layer one proof-of-stake blockchain based on the Substripe protocol, which is unlimited in scale and super low cost in terms of verification overhead.