Stablecoin USD.ai protocol, which gives credit to artificial intelligence (AI) Companies have raised $ 13 million in series funding A Directed by Framework Ventures.
USD.AI, developed by Permian Labs, makes loans to emerging AI companies using the graphic processing unit (GPU) Guarantee equipment, reducing approval times of more than 90% compared to traditional lenders. The chain system includes the USDAI, a Pie token with a dollar, and Susdai, a supporting version supported by calculation assets generating income.
GPUs are fundamental IA processes equipment by performing the many calculations both necessary to make the training process and the use of AI models much faster.
CEO David Choi said that the USD.AI model “treats GPUs as raw materials”, allowing rapid programmatic loan approvals without conventional goalkeeper, in a shared ad with Coindesk on Thursday.
Vance Spencer of Framework compared the capital requests of AI to the “oil boom” and declared that the USD.AI could democratize access to financing while offering investors a return to the growth of the AI sector.
With $ 50 million already on depots during the private beta version, USD.AI plans a public launch with an ICO and an allocation model based on the game.
The USD.AI can represent the potential of a convergence between stablecoins, which have been at the forefront of regulatory progress in digital assets, and the AI which has quickly passed to general adoption in recent years.
Together, the two could create a smarter and more effective financial system. This synergy allows AI agents to transform independently and reliable by using a stable currency, improving financial automation, safety and risk management in various applications, from payments to decentralized finance.
CORRECTION (August 14, 13:20 UTC):: Delete an incorrect mention of participating investors in the “What to do” section
