Yunity and SingularityNET announce $1 billion partnership | IoT Now News & Reports

Yunity and SingularityNET has announced their partnership to generate over $1 billion USD in funding for beneficial AI and deep tech solutions for humanity.

SingularityNET’s founder and CEO, Ben Goertzel and Yunity founder and managing partner, Ani Chahal Honan, recognise a shared mission to accelerate the development and commercialisation of impact-driven technologies in a Post-AI world. Details of the partnership terms and blockbuster funding, which will invest in AI, Web3, robotics, spatial computing, and quantum tech portfolio companies, were expedited in Panama at the recent Beneficial AGI Summit. The business alliance was finalised during SXSW in Austin, Texas, where both leaders presented. Agreements were subsequently signed, with Chahal Honan at the “The Great AI Debate ” as a patron of the Abundance 360 Summit in Los Angeles.

Benefits of this partnership include:

–  AI/AGI experts, deep tech from both networks as mentors, advisors and core team members

–  Up to $200 million in funding toward a scalable venture studio ecosystem to accelerate early stage startups globally

–  A strong commitment of 1 to 10% of funding profits by General Partners toward 501c3 and foundations that benefit human health and the environment

“It’s our priority to ensure that advanced technologies can be democratised and placed in the hands of more creators globally, especially when up to 85% of jobs are speculated to be taken over by this next wave of tech in the future,” said Chahal Honan. “The incredible expertise of SingularityNET’s AI/AGI team combined with Yunity’s investor ecosystem and experience in commercialising innovative technologies make us the perfect partners.”

SingularityNET CEO, Ben Goertzel, “said, “By coming together to bring funding to projects that complement what SingularityNET, OpenCog Hyperon and other projects in the decentralised AI space are already doing, our partnership with Yunity aims to make a significant impact on the tech ecosystem and for humans overall. As I mentioned at the closing of the Beneficial AGI Summit, we are likely to see human-level AGI by the end of this decade and superintelligence probably not long thereafter. It is up to us to guide these amazing developments in a positive direction, and that is what this new collaboration between SingularityNET and Yunity is all about.”

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• Source: https://www.iot-now.com/2024/04/12/143917-yunity-and-singularitynet-announce-1-billion-partnership/