Telegram's Pavel Durov: Cocoon Decentralized AI Network Now Live

Cocoon allows owners of graphics processing units (GPUs) to rent their computing power to the network, processing user queries and requests in return for Toncoin (TON), the native token of the TON blockchain.

The decentralized AI network has processed its first requests from users, and GPU owners are already profiting from renting out their hardware, according to Telegram co-founder Pavel Durov. He said:

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These threats can be mitigated by applying blockchain technology to AI to verify sources of information, ensure tamper-proof records, and allow nodes on distributed computing networks to communicate in a trustless way, he added.

In 2024, AI researchers from the Dfinity Foundation, the non-profit organization that steers development of the Internet Computer Protocol (ICP), and executives from decentralized AI developer Onicai outlined seven rules to ensure ethical AI.

These included running AI through permissionless blockchain networks to ensure transparency and data integrity.

A poll conducted by the Digital Currency Group (DCG) in May showed that 77% of the 2,036 respondents surveyed said that decentralized AI would benefit society more than centralized systems.

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Source: CoinTelegraph