During the DeepBrain Chain Korean Meetup, its CEO Yong He, said that the company will be investing $100 million dollars in the next three years.
A tweet released by DeepBrainChain reads as follows:
“First Announcement has been released on the #DeepBrainChain Korean #Meetup: We plan to invest $100 million in the next 3 years to make the #SiliconValley Research Center a world-class “#AI+#Blockchain” institute devoted to cutting-edge #research and #development.”
We plan to invest $100 million in the next 3 years to make the #SiliconValley Research Center a world-class “#AI+#blockchain” institute devoted to cutting-edge #research and #development. pic.twitter.com/I2T7croxcu
— DeepBrainChain (@DeepBrainChain) April 27, 2018
This is one of the several project that DeepBrainChain is being developing right now. Other important announcement were related to its Public Chain and AI platform, AI Optimized Servers DBC, and AI applications support in 2018 and 2019.
According to a Reddit post, the public chain will offer a scalability of 1 million transactions per second and 1 billion network nodes. AI companies will be able to issue altcoins, raise funds and run on the dbc platform.
At the same time, in 2018 and 2019, AI apps will be coming to the platform. AI apps will be incubated within the dbc-system on both voice/text AI/NLP, advanced data analytics and another application to be announced later this year.
DeepBrainChain is a decentralized neural network that distributes computational requirements to thousands of nodes in order to lower the cost of computing as well as make use of all the benefits of blockchain technology.