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Blockchain News

Blockchain-Harnessing AI Project Jada Gets $25M in Funding

The project objective is to provide organizations with AI services that support decision-making and scale up their operations.

Written By Dhara Chavda Dhara Chavda
Published August 17, 2023 2:07 PM·Updated 2 years ago
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Blockchain-Harnessing AI Project Jada Gets $25M in Funding

An artificial intelligence project that harnesses blockchain technology Jada AI has raised $25 million in funding from the global investment group LDA Capital Limited. 

The funding from LDA Capital of $25 million has placed the firm at a valuation of $415 million. Jada will use this fund for expanding the intranational team of scientists and developers. 

Jada will accelerate the development of Artificial General Intelligence (AGI), or Strong AI, that is Jada’s next-generation post-human AI. The Jada development group’s agenda also includes using AI to develop technologies that could significantly advance human civilization.

The revolutionary technology is described by the Jada development team as a system with self-learning and advanced cognitive abilities, capable of solving any problem, and completely adaptable to environments that are constantly changing.

“Great ventures start with the right people, moral alignment, and a shared vision for the future. We’re happy to have LDA Capital’s full support as we work towards accomplishing our Artificial Intelligence Evolution Agenda and empowering enterprises across the planet with real AI,” said Diego Torres, Founder and CEO of Jada Ai.

Also Read: 10 AI Crypto Projects That Are Changing the Market

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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