AI Revolution Goes Decentralized: Ritual Secures $25M to Empower the Masses

Profit Sensor
Coinmonks
2 min readNov 8, 2023

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The AI revolution is about to take a major leap forward, not just in terms of technological advancements, but also in terms of accessibility. Ritual, an AI platform that aims to democratize AI access, has just secured a whopping $25 million in funding, setting the stage for a more equitable and inclusive AI landscape.

Breaking the AI Monopoly

Currently, the AI industry is dominated by a handful of powerful tech giants, making it difficult for smaller companies and individuals to access the resources they need to innovate. Ritual aims to break this monopoly by creating a decentralized network that makes AI tools and infrastructure available to everyone, regardless of their background or financial resources.

Empowering the Creators

With Ritual, anyone with an idea can turn it into a reality using AI. The platform provides a suite of tools and services that make it easy to develop and deploy AI applications, without the need for extensive coding expertise. This opens a world of possibilities for entrepreneurs, artists, and anyone else with a creative vision.

A Future of Inclusive AI

Ritual's mission is not just about making AI more accessible; it's about ensuring that AI is developed and used responsibly. The platform is committed to fostering a diverse and inclusive AI community, where everyone has a voice and a chance to contribute.

This $25 million investment is a significant vote of confidence in Ritual's vision and potential. With this funding, Ritual is poised to become a driving force in the democratization of AI, empowering individuals and communities around the world to harness the power of AI for positive change.

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