Kingdom

Apple

Elon Musk

PIN AI, an artificial intelligence infrastructure company, has secured $10 million in pre-seed funding and joined the Fall 2024 cohort of the a16z Crypto Startup Accelerator (a16z CSX).&nbsp;
According to a press release shared with Cointelegraph, the startup is focused on developing the first open-source Personal Intelligence Network (PIN).&nbsp;
The open-source solution, emerging from research collaborations at Ethereum Core, Stanford, and MIT, directly competes with Apple’s newly launched Apple Intelligence AI solution.&nbsp;
In a written Q&amp;A with Cointelegraph, Ben Wu, a co-founder of PIN AI, explained that the Sept. 9 announcement coincides with Apple’s same-day announcement to “maximize the impact of the communication.”
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/apple-nvidia-among-prospective-investors-openai-report" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Apple, Nvidia among prospective investors in OpenAI’s multibillion-dollar fundraising</a>
<h2 id="apple-decentralized-alternative">Apple decentralized alternative&nbsp;</h2>
According to the press release, PIN AI is a privacy-focused, open-source alternative to Apple Intelligence, exclusive to specific iPhone models.
The decentralized alternative is designed to run on lower-spec smartphones and a wider range of devices, allowing it to be accessible to a broader audience.
Wu explained that “internet giants like Apple, Google, Facebook, and Amazon have built trillion-dollar empires based on user data.”
<blockquote>
 “...but users don’t own any of it. Our AI x crypto solution allows users to earn token incentives based on the data they connect and the activities they perform [...] sharing ownership of the entire platform with the users.”
</blockquote>
 Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/elon-musk-tesla-sharing-revenue-x-ai" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Elon Musk denies Tesla will pay xAI for AI technology partnership</a>
<h2 id="open-source-implications">Open-source implications</h2>
The PIN AI platform will enable developers to create AI agents that operate on users’ devices, utilizing user personal data in a decentralized and privacy-preserving manner.
According to the press release, the platform will use blockchain tech and advanced AI models to allow users to manage their data securely across multiple applications.
Davide Crapis, a co-founder of PIN AI, explained that the open-source PIN “will protect user freedom from big internet giants” and take back over $100 billion in profit from user data.
<blockquote>
 “Our platform empowers users to monetize and control their own data, offering them the benefits that major tech giants like Apple previously dominated.”
</blockquote>
 Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/openai-1m-business-users-premium-subscriptions" rel="noopener noreferrer nofollow" target="null" text="null" title="null">OpenAI business users top 1M, targets premium ChatGPT subscriptions</a>
<h2 id="international-ai-treaty-signed">International AI treaty signed&nbsp;</h2>
On Sept. 5, the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/global-ai-treaty-human-rights-regulation" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/news/global-ai-treaty-human-rights-regulation">world moved closer to international unification</a> of its goals and values regarding AI after a meeting of Council of Europe ministers of justice.
The United States, the European Union and the United Kingdom were set to sign the Framework Convention on AI, a treaty focused on human rights and democratic values.
The treaty aims to regulate public and private-sector AI models and would be the world’s first international treaty on AI that is legally binding on its signatories.
 Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/parents-addicted-pi-network-crypto-tapper/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Help! My parents are addicted to Pi Network crypto tapper</a>

Apple Intelligence rival secures $10M to develop open-source alternative

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Cointelegraph

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