What is AI ?

AI - Artificial Intelligence, also known as artificial intelligence, is the intelligence represented by any artificial system. At present, the AI market is growing at a remarkable level but also becoming harder to penetrate than ever before. The demand for large reporting data and a number of complex technical infrastructures have fueled the development of AI behind the closed doors of corporations. According to Bloomberg, AI will contribute $ 15.7 trillion to the world economy by 2030. That figure is greater than the current aggregate of China and India. Every country is preparing for this upcoming AI technology revolution.

“Artificial intelligence is the future, not only for russia, but for all humankind. it comes with colossal opportunities, but also threats that are difficult to predict. whoever becomes the leader in this sphere will become the ruler of the world.” - Russian President Vladimir Putin Said.

The following, I will introduce a potential project about AI area - Nebula AI Chain.

What is Nebula AI ?

Nebula AI Chain is a decentralized blockchain integrated with Artificial intelligence and sharing economics. Nebula AI is committed to building a decentralized artificial intelligence computing blockchain (NBAI) that reduces the energy costs of traditional Proof of Work by converting GPU mining machines into AI computing services.The AI transactions recorded on NBAI will be irreversible. The distributed computing network also ensures high concurrency and low latency computing power. The conversion of GPU mining machines makes it possible to provide more cost-effective artificial intelligence services.

With Nebula blockchain, developers can deploy their artificial intelligence applications easily on the blockchain environment. The integrated API / SDK and payment service enable developers to earn revenue based on the AI Smart Contract..
Nebula AI works with third-party Internet datacenters to provide full AI computing. Nebula AI has established an artificial intelligence training center in Canada. Quantitative financial systems, image recognition and other blockchain applications are also being developed. Nebula AI also allows GPU miners to contribute the hashing power of the GPU to the home computing system, bringing additional social benefits to the society. This invention allows Nebula AI compete with Amazon and Google's cloud services.

The well-developed NBAI ecosystem integrates the top-level applications such as DAI App, science and application research, higher education, and basic level of NBAI blockchain, Artificial Intelligence Data. The innovative economic model of the NBAI ecosystem is the implementation of a complete set of value-added systems.

NBAI - Token

System tokens are used to purchase calculations. When the training data is relatively small, the token is consumed less and when the training data is large, the token is consumed to increase accordingly. The cost to be paid depends on the training cost and the value of the current token is the hash strength of each 1080Ti graphics card in a minute, ie 7514 GFLOP / s × 60.
Tokens will be used in the following three cases:

1. Developers Test
2. Developers in the test will consume some cards for model training. Depending on the amount paid, the training hours needed to train the model will be reduced by 50% to 90%.
3. Use of DAI APPs
   DAI APP can be paid for by developers; Users must pay to use AI services, such as the trend prediction of the cryptocurrencies application in this Whitepaper.
4. Purchase of DAI training services
   When users utilize training services to obtain finer models, they are required to pay for retraining the models.
   NBAI AI Application Case : Large hedge funds, banks and international giants such as Goldman Sachs are benefiting from foreign exchange trading and securities trading based on smart technology. These companies predict the short-term and long-term effects of different financial markets through "deep learning" - mathematical models and forecasts that are constantly evolving. Cryptocurrencies players such as Pantera Capital, and financial institutions including Santander and Citibank, are also looking to make money from cryptography. Designing an artificial intelligence model requires a great amount of computing power. Each user must calculate the model each time when the parameters are adjusted. At this time, getting enough computing power through intelligent contracts for artificial intelligence is an effective method.

Token Sale

Tokens are ERC 20 tokens, and will be replaced by Nebula AI main chain tokens 1:1 in the future
Public offering is 1 Ethereum = 100,000 NBAI.
ICO softcap: 5,000 Ethereum
Private placement starts from January 22, 2018, and ends on March 30, 2018. The private placement hardcap: 18,000 Ethereum.
Public offering starts within one month after the end of private placement. . The 38 public offering hardcap: 12,000 Ethereum.
Unsold tokens from private placement will be merged into public offering.
Unsold tokens of public offering will be completely destroyed.
Distribution
45% Sold by the private placement and public offering
25% the foundation & community
15% the core team
10% the early-stage investors
5% the marketing & Partner supporters

Personal assessment

Having an open, accessible and affordable platform for intelligent algorithms to operate and develop is a very important part of the next century. Artificial Intelligence is a very needed combination that will be developed and implemented much in the future. With its expanded vision, Nebula AI is geared towards it and implementing it by creating a viable AI market. access and permissions. It can be said that this is a very worthwhile project to invest and care about not only by the idea, the good team but also by the good signal from the current market interest. Overall this is a worthwhile investment.
Official webpage: https://www.nebula-ai.com/
White paper: https://www.nebula-ai.com/whitepaper/NBAI_whitepaper_EN.pdf
ANN thread: https://bitcointalk.org/index.php?topic=2928531.0
Telegram: https://t.me/NebulaAICommunity
Twitter: https://twitter.com/nebula_ai
Facebook: https://www.facebook.com/NebulaAI
My Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1146089