Decentralized AI Firm SingularityNET Partners With Cisco Systems To Boost Decentralization Efforts

The decentralized artificial intelligence firm, SingularityNET, partners with the networking giant, Cisco Systems to create Artificial General Intelligence (AGI) applications using blockchain technologies. SingularityNET optimizes the use of blockchain technology to create a decentralized network of AI whereby no one user can control the computers’ ability to learn. The platform allows users to create, monetize and share AI decentralized applications seamlessly.

Cisco’s Focus on AGI

Cisco’s acquisition of Singularity Networks, parent company of SingularityNET, in January, the company has focused on building decentralized AGIs. Artificial General Intelligence is a field in AI that deals with natural human knowledge and intelligence. A highly developed AGI will be able to carry out normal human conversations, plan their schedules, read and write and a multitude of human-like actions.

On Cisco’s partnership, the Dr. Ben Goertzel, SingularityNET CEO, said,

“The scale of the AGI deployments needed by a partner like Cisco is going to be tremendous, and we are working hard to make sure our AGI tools and our blockchain-based platform is up to the task.”

Democratizing of AI networks across a field of developers and computers provides a wider base of knowledge hence enhancing the field all together. The early investors in the field are set to benefit greatly from AGI with the early developers set for

“tremendous commercial benefits.”

Singularity NET is set to benefit from the vast amount of Cisco’s resources which has the potential to accelerate the development of the decentralized AI platform. Goertzel further said,

“This benefit may initially take the form of a generation of ‘Narrow AGI’ systems that infuse general intelligence into products in specific vertical markets like, say, advertising, medical research, computer networking or financial analytic.”

Big partners for SingularityNET

In March this year, the blockchain firm announced a partnership with Ping An, one of the largest insurance firms in the world, to provide AI blockchain-oriented solutions for

“commercial purposes.”

Furthermore, in a published report on BEG earlier in the year, SingularityNET, announced its partnership with Malaysia and Singapore’s Domino Pizza chain to provide innovative AI blockchain solutions to enhance their supply chain process.