Sahara AI, a startup focused on integrating blockchain and artificial intelligence, has successfully raised $43 million in a Series A funding round to develop a decentralized AI platform.

The funding will be utilized to enhance the platform's performance, expand the company's global team, and grow its developer ecosystem.

This funding round was led by notable firms including Pantera Capital, Binance Labs, and Polychain Capital, with additional investments from Samsung and Matrix Partners.

Sahara AI aims to create a decentralized blockchain platform that ensures fair compensation for all contributors involved in AI development.

The platform is designed to reward users, data sources, and AI trainers, challenging traditional models that primarily benefit the companies creating the AI.

This initiative is part of a growing trend in the crypto industry that seeks to combine blockchain technology with AI to decentralize artificial intelligence engines.

The generative AI sector is under scrutiny for data use, copyright, and privacy issues, emphasizing the need for ethical considerations in AI development.

Sahara AI has been developing its platform since early 2022, focusing on transparency and addressing issues related to copyright and resource access in AI tools.

Details regarding the technology stack and the launch schedule for the Sahara blockchain will be shared in an upcoming litepaper.

The testnet and mainnet for Sahara AI are expected to launch in the coming months, marking a significant step forward for the project.

CEO Sean Ren has highlighted the current AI landscape's lack of transparency, where users often lose control over their data and contributions to centralized AI providers.