Near Protocol has announced the creation of the largest open AI model with 1.4 trillion parameters, surpassing Meta's Llama. The project will involve crowdsourcing, with researchers participating via the Near AI hub, and will begin with training a model with 500 million parameters starting November 10.
The model will evolve through seven stages, with the best participants being selected. It will be monetized using a secure environment for rewards and continuous updates. Funding will be raised through token sales, with development costs estimated at $160 million. Polosukhin noted that the funds will be returned through the use of the model, and investors will be able to reinvest in future stages.
