FOR IMMEDIATE RELEASE
Singapore, June 12, 2024 – PRIVATEAI (PRIVATEAI.COM), a decentralized AI protocol founded by the innovative entrepreneur and Forbes 30 under 30 Global recipient, Angel Versetti, along with a team of former executives from Fantom, Filecoin, Dogecoin, and Syscoin, has successfully completed a Strategic Round funding for its token PGPT. Leading investors in this round include Charlie Hu of Bitlayer, DAO Maker, Gains Associates, Dextools Ventures, Connectico Capital, DOGE.ORG, Stone Block Association, 32 Ventures, Lunar Digital Assets, Pinnacle VC, Samara Asset Group, Snova Capital, and Meezan Ventures. Following the completion of the round, PrivateAI’s native token PGPT was launched on the centralized cryptocurrency exchange Bitget, experiencing a remarkable 500% daily gain within the first 24 hours of trading.
PrivateAI has introduced its groundbreaking AI-native distributed data platform, aiming to create the world’s first domain-specific Large Language Model (LLM) for the longevity industry. Utilizing a unique architecture of knowledge graphs to process and structure scientific and research data into a logical framework suitable for the machine learning industry, PrivateAI offers monetization opportunities and liquid markets for owners and producers of longevity-related datasets by rewarding them with the liquid and tradable cryptocurrency PGPT. For companies seeking to develop their own Generative AI, Large Language Models, and AI-powered data analytics, PrivateAI provides access to valuable data from the collective scientific community and offers incubation services to accelerate early-stage scientific projects with a mix of capital and AI technology. The ultimate objective of PrivateAI is to facilitate breakthrough discoveries in life extension, also known as longevity.
Knowledge Graphs empower AI systems to comprehend the broader context of the data they receive, enabling them to develop critical thinking, context awareness, and semantic analysis. These knowledge graphs are continuously updated and expanded by a community of scientists, researchers, and data providers, making the platform the backbone for advancements in longevity research such as AI-based drug discovery, personalized medicine, genomic research, and in-depth analysis of aging processes. Angel Versetti’s vision is to harness collective scientific knowledge and research to extend human life indefinitely, a crucial step for humanity’s exploration beyond the Solar system and colonization of other planets.
“PrivateAI’s public round oversubscribed by 60x, followed by a 500% growth in PGPT on the first day of trading, demonstrates a strong demand for meaningful, transhumanistic applications of AI that drive scientific progress. We are proud to lead the way in use-cases that others may have considered impossible,” stated Angel Versetti post-launch.
PrivateAI is actively collaborating with leading longevity-focused scientific research communities globally and has initiated discussions with research groups at Oxford University, where Angel Versetti pursued his MSc in Evidence-Based Healthcare. Partnerships have also been established with Lifespan.io and Aging Research Drug Discovery (ARDD) scientific consortia dedicated to longevity research.
Angel Versetti
[email protected]
CC
[email protected]
is available for further inquiries.
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