TLDR
- Pundi AI has joined NVIDIA’s Inception program for cutting-edge AI startups
- The partnership gives Pundi AI access to advanced tools, training, and market support
- CEO Zac Cheah states the partnership aims to create 1 million AI jobs globally
- Pundi AI’s native token surged 30% following the announcement
- The admission is unusual as NVIDIA typically excludes crypto-focused ventures
Pundi AI, a data infrastructure platform that combines artificial intelligence with blockchain technology, has been accepted into the NVIDIA Inception program, according to an April 29 announcement. This partnership marks a rare crossover between the crypto and mainstream AI sectors, as NVIDIA’s startup program typically excludes crypto-focused ventures.
The NVIDIA Inception program is designed to nurture startups that are revolutionizing industries through technological advancements. For Pundi AI, joining this exclusive circle means gaining access to various resources that can accelerate their growth and development.
Pundi AI offers several key services in the AI-blockchain space. These include an omnichain data layer, a data tagging and annotation framework, and a marketplace specifically designed for trading AI data. The company’s stated mission is to build an open AI ecosystem that democratizes access to data and development tools.
By joining the NVIDIA program, Pundi AI will receive numerous benefits. These include special pricing on high-performance hardware, cloud computing credits, and learning resources through the NVIDIA Deep Learning Institute. These resources are expected to help the company reach key milestones more quickly.
Exclusive Benefits and Growth Opportunities
The partnership provides Pundi AI with customized advantages during critical phases of product development, prototyping, and deployment. This support includes technical assistance and access to NVIDIA’s specialized training programs.
Pundi AI will also gain entry to NVIDIA’s global startup community. This network connects emerging companies with industry veterans, creating opportunities for knowledge sharing and potential collaborations on AI research and applications.
What makes this partnership particularly interesting is that NVIDIA’s Inception program typically excludes businesses involved with digital assets. According to the program’s guidelines, consulting firms, cloud service providers, and public companies in the crypto space are generally ineligible to participate.
However, Pundi AI’s core focus on AI innovation rather than crypto appears to have helped it qualify despite these restrictions. This suggests that the company’s identity is more firmly rooted in artificial intelligence than in cryptocurrency.
The news has had a positive impact on Pundi AI’s financial standing. Following the announcement, the company’s native token experienced a 30% increase in value, trading at $0.15957 as reported by CryptoSlate.
Global AI Expansion Plans
Zac Cheah, the founder and CEO of Pundi AI, expressed enthusiasm about the partnership. He stated that being part of this ecosystem will help Pundi AI “stay at the forefront of AI innovation,” while creating solutions that leverage NVIDIA’s high-performance infrastructure.
Cheah also highlighted the partnership’s role in their larger mission, describing it as “a key step towards creating 1 million AI jobs globally.” This ambitious goal reflects the company’s focus on expanding AI opportunities worldwide.
The collaboration comes at a time when artificial intelligence is increasingly intersecting with blockchain technology. Pundi AI’s approach of integrating these two cutting-edge technologies appears to be gaining traction in both sectors.
Through this partnership, Pundi AI aims to expand its user base on their data platform with go-to-market support provided by NVIDIA. The company plans to use these resources to drive growth and advance their vision of an open AI ecosystem.
The NVIDIA Inception program will provide Pundi AI with the essential tools needed to accelerate their development process and improve their deployment strategies. This support could prove crucial as the company works to transform industries through AI innovation.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
