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European AI and blockchain technology provider Humans.ai has acquired Starfish Technologies, the creator of TensorChain, in a cash and stock transaction.

Introduction

European AI and blockchain technology provider Humans.ai has made a significant move by acquiring Starfish Technologies, the creator of TensorChain, through a cash and stock transaction.

About Starfish Technologies

Starfish Technologies is renowned for its expertise in developing and securing Solidity smart contracts on EVM-based blockchains. They have collaborated with global clients such as Animoca Brands, OneFootball, Phantom Galaxies, and Grease Monkey.

Significance of the Acquisition

Officials from Humans.ai have stated that this acquisition enhances their research and development capabilities and aligns with their mission to advance accessible, fair, and decentralized AI. TensorChain is expected to play a crucial role in the industry as AI adoption continues to grow.

What is TensorChain?

TensorChain is a groundbreaking technology designed for decentralized, scalable, and efficient processing of high-dimensional data. Its architecture employs advanced tensor operations, which could impact various sectors, including finance, healthcare, and supply chain management, by enabling secure and decentralized AI tasks.

Democratizing AI

The design of TensorChain aims to democratize AI models, making them more accessible and addressing the need for decentralization in AI. This approach can enhance security and distribute the benefits of AI technology more broadly.

More about Humans.ai

Based in Romania, Humans.ai specializes in AI and blockchain technologies, focusing on solutions that enhance productivity in both public and private sectors. The company is committed to ethical AI and has launched the world’s first blockchain dedicated to AI to ensure secure and transparent implementation of AI technologies.

Future Developments

In 2023, Humans.ai introduced ION, the first AI Government Adviser tool, currently utilized by the Romanian government and planned for deployment in other governments. Additionally, they announced the launch of their Aiverse ecosystem, merging AI and blockchain technologies.

Conclusion

The acquisition of Starfish Technologies by Humans.ai marks a pivotal moment in the evolution of AI and blockchain technology, promising to enhance accessibility and security in the field.



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