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Ripple Founder Jed McCaleb Invests $1 Billion in Brain-Inspired AGI Development

On March 27, Forbes reported that Jed McCaleb, founder of Ripple and Stellar, will invest $1 billion from his approximately $3.9 billion cryptocurrency fortune to develop a brain-inspired AGI system through his nonprofit organization, Astera Institute. He has also committed an additional $600 million to the field of neuroscience. Astera Institute, located in Emeryville, is currently planning to record the neural activity patterns of mice performing tasks through brain-machine interfaces, with the aim of translating these research findings into new AI architectures. Future subjects will expand to monkeys and humans. McCaleb believes that the current mainstream Transformer architecture lacks key elements such as planning, decision-making, and motivation, and that new directions need to be explored. AI based on brain principles is more likely to be understood and controlled by humans.

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