Pi Network Ventures Enters AI & Robotics With OpenMind Investment

Pi Network Ventures Invests in OpenMind to Build “Android for Robots”

Pi Network Ventures has also declared its initial investment in OpenMind, a firm that is creating an open-source operating system for robots, a significant move towards linking blockchain, Artificial Intelligence, and robotics.

Pi Network Ventures First Investment in OpenMind 

The Ventures has officially launched its first investment in OpenMind - a technology startup that is developing an operating system and protocol that will allow robots to think, learn, and collaborate. 

The vision of the company is commonly referred to as the development of an Android of robots, where machines will be able to work without the support of a particular ecosystem of a company.

This action is indicative of the long-term ambition of Pi Network to add practical use to the blockchain technology. Through this, the Network can continue to grow in the emerging areas of artificial intelligence and decentralized computing and make the coin more practical in everyday innovations.

Source: Official X

What is OpenMind?

It is working on infrastructure to enable robots and intelligent systems to interact well with their surroundings and with one another. Its OM1 operating system is hardware-agnostic, that is, it can be used with any type of robotic hardware.

The company has also introduced a new FABRIC protocol, used to verify identity, exchange information safely, and coordinate robots and machines to work efficiently. 

With these technologies, it will establish a common intelligence layer in which robots and AI systems can learn together and operate in industries including logistics, manufacturing, and automation.

Why Pi Network Invested in OpenMind?

The mission has never been to bring financial empowerment and solve real-world problems to the global community with the help of blockchain. Pi-OpenMind's collaboration is in line with its three major investment objectives. 

• Increase the utility 

• Empower more of the global manufacturing 

• Develop real-world applications

Pi is of the view that the technology of OpenMind will be an ideal fit in the future of the AI-driven world. With machines and AI agents starting to do more work on behalf of humans, identity, authentication, and payments among these digital agents will need blockchain-based systems.

What they have already tested is the Project?

Pi and OpenMind have already worked together on a proof-of-concept project in which the Pi Node operators volunteered to execute AI image recognition models on the platform. This was a successful experiment that demonstrated that the decentralized network is capable of performing complex AI computations as well as securing its blockchain ledger.

The test indicated that Pi 350,000+ active Nodes have a lot of idle computing power that can be utilized in training AI models and decentralized cloud computing. One way this might happen in the future is by companies paying Pi Node operators in coins to use their computing power - this way, Node operators can earn additional income over and above standard mining rewards.

Impact on Future?

Such collaboration may revolutionize the way AI computing is performed. Rather than relying on the costly centralized cloud providers, AI developers could utilize the distribution of Nodes at a low cost and decentralized computing power.

Through human involvement and computational contributions, Network believes in a future where users will be able to contribute computing power, provide labor, and receive rewards to build a fair people-powered AI ecosystem.

Conclusion

The move is a progressive step towards integrating blockchain, which will enable the creation of a decentralized, accessible, and human-friendly digital economy in the future.