We have created a novel protocol for networking AI and machine learning tools to form a coordinated artificial general intelligence, which provides applied AI services to commercial customers and functions as a globally decentralized commons infrastructure to benefit all.
SingularityNET is building three main pillars. First, the nonprofit SingularityNET Foundation is building a decentralized AI network on which global participants can create, share, and monetize AI services at scale. Second, SingularityNET Technologies is working on AI infrastructure-asa- service, to offer scalable and affordable cloud computing. Third, SingularityNET Technologies is working on offering end-user applications to enterprise and consumer customers. By using the SingularityNET Foundation’s decentralized AI network we will kickstart the network effects for the platform.
The global AI market size is expected to grow to roughly 90 bn U.S. dollars in 2025. Currently, the major uses of AI technologies include image recognition, object identification, detection, and classification, as well as automated geophysical feature detection. The largest proportion of revenues come from the AI for enterprise applications area, making up roughly one-third of this market. SingularityNET aims to focus its business development efforts substantially on the AI for enterprise applications market going forward.