▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

Upshot Launches New AI x DeFi Machine Intelligence Network

Upshot, which has been building AI-powered DeFi infrastructure for the past two years, announces their new Machine Intelligence Network. This network leverages a novel "Proof of Alpha" reward mechanis...

Business Wire

NEW YORK: Upshot, which has been building AI-powered DeFi infrastructure for the past two years, announces their new Machine Intelligence Network. This network leverages a novel "Proof of Alpha" reward mechanism to merge AI with DeFi and enable anyone to contribute and monetize their financial insights.

The Upshot Machine Intelligence Network represents the culmination of years of research and development. The network connects machine learning models to incentivize participants to share alpha around financial markets in the form of predictive models. The network’s Proof of Alpha mechanism scores the best alpha and rewards contributors based on the accuracy of their insights.

"Our mission is to create efficient financial markets for anything," said Nick Emmons, CEO of Upshot. "The Upshot MIN furthers that vision by allowing anyone to benefit from their unique perspectives on any market."

Highlights of the Upshot Machine Intelligence Network

  • AI x DeFi: The Upshot MIN is set to finally bring AI to DeFi in a decentralized and meaningful way.
  • zkML Integration: AI outputs are made trustless through a new zkML tool called a zkPredictor, made in collaboration with and powered by a novel zkSNARK proof system built by Modulus Labs.
  • Innovative Applications: Applications like Ditto, an AI-powered yield protocol for DeFi and NFTs, among others, are being developed on the network.
  • Accessible Financial Intelligence: The Upshot MIN lowers the barrier to entry for financial market participation, allowing a wider range of users to access and utilize advanced machine learning tools for market analysis and predictions.

Proof of Alpha

Proof of Alpha is the backbone of the Upshot MIN, ensuring fair rewards for network participants contributing valuable alpha such as pricing data, predictive features, and machine learning models. This system rewards participants based on the quality and accuracy of their contributions.

The Upshot Machine Intelligence Network opens myriad possibilities for DeFi applications, from creating manipulation-resistant index funds to offering advanced AI-powered strategies for tokenized vaults and liquidity protocols. This network is not just a technological advancement but also a step towards democratizing markets.

About Upshot

Upshot is a decentralized AI platform enabling efficient financial markets for anything. They combine their experience building novel crowdsourcing infrastructure and industry-leading ML models to create a scalable, self-improving network of collective machine intelligence. They’re backed by some of the biggest funds in the industry. Upshot is based in New York City, though their team hails from around the world.

Contacts

Greg Larson
Upshot
greg@upshot.xyz

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Red Hat Optimizes Red Hat AI to Speed Enterprise AI Deployments Across…

Red Hat, the world's leading provider of open source solutions, today continues to deliver customer choice in enterprise AI with the introduction of Red…

IMVARIA Reports Multi-Site Clinical Experience With FDA-Authorized AI…

#ATS--IMVARIA Inc., a health tech company pioneering AI-driven digital biomarker solutions, today reported results from multi-site clinical experiences…

Clover Expands Commitment to the Restaurant Industry with the Launch of…

Clover, the world's smartest point-of-sale solution, under parent company, Fiserv, today announced the launch of Clover Hospitality by BentoBox at the…

Grant Thornton launches new tool, pairing skilled professionals with powerful…

Grant Thornton, one of America’s largest providers of end-to-end audit, assurance, tax and advisory services, announced today the launch of a new, proprietary…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!