Jada AI, a blockchain-powered artificial intelligence project, has secured $25 million from LDA Capital, an alternative investment group.
The project’s goal is to provide AI services that help organizations make better decisions and scale their operations, as stated in an email announcement shared with CoinDesk.
The funding will be used to expand the project’s development team and onboard new organizations.
Jada runs on a blockchain-based platform where AI computations are performed by the nodes in the network. “This ensures that the AI’s processing is verifiable, tamper-proof and distributed evenly to enable an optimal use of computing resources,” said Diego Torres, the founder of Jada AI.