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Binance Labs Backs AI Startups to Drive Decentralized Innovation
Summary: Binance Labs has announced new investments in AI-focused startups Sahara AI and MyShell, part of its effort to drive AI-powered decentralized applications (DApps). Sahara AI aims to create an AI ecosystem that supports on-chain attribution and autonomous agents, while MyShell enables users to build and share AI applications. Max Coniglio, investment director at Binance Labs, ...
Binance Labs has announced new investments in AI-focused startups Sahara AI and MyShell, part of its effort to drive AI-powered decentralized applications (DApps). Sahara AI aims to create an AI ecosystem that supports on-chain attribution and autonomous agents, while MyShell enables users to build and share AI applications.
Max Coniglio, investment director at Binance Labs, highlighted the synergy between AI and blockchain, emphasizing their potential for innovation and wealth creation. He noted that AI enhances blockchain's user experience, while blockchain ensures authenticity and supports AI's computational needs. Despite the promise, Coniglio stressed that developers need strong business acumen and a deep understanding of AI to build successful products.
This investment aligns with market trends, as AI-focused tokens surged ahead of Nvidia's anticipated earnings report, which analysts view as critical for the AI revolution.
Tags: AI,Binance,Blockchain
Link: Binance Labs Backs AI Startups to Drive Decentralized Innovation [Copy]
