Cointime

Cointime

Download App
iOS & Android
Home / Point

Nous Research Completes $50 Million Series A Financing, Led by Paradigm

On April 25th, according to Fortune magazine, decentralized AI startup Nous Research completed a $50 million Series A financing round, led by Paradigm. This round of financing valued Nous' tokens at $1 billion. Previously, the company raised about $20 million through a seed round of financing, with investors including Distributed Global, North Island Ventures, Delphi Digital, and other institutions. The funds from this financing will be mainly used to enhance computing power reserves and expand the research team. It is worth noting that this is Paradigm's largest investment in the AI field since the FTX collapse in 2022, signaling that crypto capital is accelerating its layout in cutting-edge technology cross-fields. Nous was founded by a group of AI researchers in 2022, focusing on developing open-source large language models. Its innovation lies in using the Solana blockchain to coordinate global distributed computing resources, incentivizing users to contribute idle GPU computing power to participate in model training through incentive mechanisms. The team's Hermes series of open-source models have been recognized by the community and have collaborated with OpenAI co-founder Diederik P. Kingma on multiple research papers.

Comments

All Comments

Recommended for you

  • Japan's 10-Year Government Bond Yield Reaches Highest Level in Nearly 29 Years

    On May 15, according to CCTV, the yield on newly issued 10-year government bonds, which serves as a long-term interest rate indicator in Japan's domestic bond market, rose to 2.665%, reaching its highest level in nearly 29 years. This increase is attributed to inflationary pressures from rising oil prices and market concerns about the deterioration of fiscal policy due to Japan's domestic economic measures, leading to selling pressure on bonds. (Dongxin News Agency)

  • ETH Surpasses $2300

    Market data shows that ETH has surpassed $2300, currently priced at $2300.06, with a 24-hour increase of 1.42%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2300

    Market data shows that ETH has surpassed $2300, currently priced at $2300.02, with a 24-hour increase of 1.97%. The market is highly volatile, so please ensure proper risk management.

  • Trump's Securities Trading Records Exposed, Invests in Nvidia and Apple

    On May 15, the U.S. Office of Government Ethics released two new financial disclosure documents on Thursday, revealing that Trump disclosed large-scale financial transactions worth at least $220 million earlier this year, involving securities from several major U.S. companies. The newly disclosed documents cover the first three months of 2026, with transaction values ranging broadly from $220 million to approximately $750 million. Significant purchases valued between $1 million and $5 million include S&P 500 index funds, Nvidia, and Apple. Large sales valued between $5 million and $25 million include Microsoft, Amazon, and Meta. The documents do not consistently specify the exact types of securities involved, such as whether they are stocks or corporate bonds, nor do they indicate which accounts the transactions occurred in or who authorized the trades. Such disclosure documents are mandatory but only partially reflect officials' financial activities, as they only list transactions exceeding $1,000 and present them in broad value ranges without disclosing specific transaction prices, profit situations, or whether assets were directly purchased or held through managed accounts. Trump's assets are held in a trust controlled by his children, and some transactions in the new documents indicate the involvement of brokers as agents. (NBC)

  • BTC Surpasses $82,000

    Market data shows that BTC has surpassed $82,000, currently priced at $82,009.39, with a 24-hour increase of 3.54%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $81,000

    Market data shows that BTC has surpassed $81,000, currently priced at $81,005.66, with a 24-hour increase of 1.57%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Senator Warren Calls for SEC Investigation into Trump Family's Cryptocurrency Company

    On May 14, U.S. Senator Warren requested the Securities and Exchange Commission (SEC) to investigate the cryptocurrency company owned by the family of President Trump.

  • BTC Surpasses $80,000

    Market data shows that BTC has surpassed $80,000, currently priced at $80,011.1, with a 24-hour decline of 0.31%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Central Bank: M2 Money Supply Reaches 353.04 Trillion Yuan at End of April, Up 8.6% Year-on-Year

    On May 14, data from the central bank showed that at the end of April, the broad money supply (M2) reached 353.04 trillion yuan, an increase of 8.6% year-on-year. The narrow money supply (M1) amounted to 114.58 trillion yuan, up 5% year-on-year. The amount of currency in circulation (M0) was 14.75 trillion yuan, marking a year-on-year increase of 12.2%. In the first four months, a net cash injection of 653 billion yuan was made.

  • Nvidia Soars in After-Hours Trading

    On May 14, Nvidia experienced a rapid increase in after-hours trading on the US stock market, rising nearly 2% to $230. (Dongxin News Agency)

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company