European AI and blockchain technology provider Humans.ai has acquired TensorChain developer Starfish Technologies in a cash and stock deal.
Known for its expertise in developing and securing Solidity smart contracts on EVM-based blockchains, Starfish Technologies has worked with global clients such as Animoca Brands, OneFootball, Phantom Galaxies, and Grease Monkey.
Officials from Humans.ai said the acquisition represents a significant expansion of the company's research and development capabilities and aligns with the company's goal of advancing accessible, fair and decentralized AI. They also emphasized that TensorChain complements Humans.ai's vision and is expected to have an impact on the industry as AI adoption increases.
TensorChain is said to be a breakthrough in blockchain technology, designed for distributed, scalable, and efficient processing of high-dimensional data. Its architecture uses advanced tensor operations to enable secure, decentralized AI tasks, which could impact sectors such as finance, healthcare, and supply chain management.
TensorChain's design is intended to democratize AI models and make them more accessible, addressing the need for decentralization of AI, improving security and distributing the benefits of AI technology more broadly.
More information about Humans.ai
Romania-based Humans.ai is a company specializing in AI and blockchain technologies, focusing on solutions that improve productivity in both the public and private sectors. The company is known for its commitment to ethical AI and has launched the world's first AI-specific blockchain to ensure a safe and transparent implementation of AI technologies.
In 2023, Humans.ai introduced ION, the first AI government advisory tool, currently in use by the Romanian government and planned for deployment in other governments. In January 2023, Humans.ai announced the launch of the Aiverse ecosystem, which includes both AI and blockchain technologies.
The ecosystem is designed to bring together elements of artificial intelligence and blockchain technology to enable researchers, AI developers and consumers to safely and ethically deploy AI solutions. Humans.ai also aimed to smooth the transition to using artificial intelligence as the technology begins to integrate into various aspects of everyday life.
