Decentralized AI computing platform Ritual secures $25 million in funding, led by Archetype.

BlockBeats reported on November 8th that Ritual, a decentralized AI computing platform, announced the completion of a $25 million financing round with Archetype as the lead investor and Accomplice and Robot Ventures participating. Ritual aims to create an "incentive network" that utilizes distributed computing devices to drive various aspects of artificial intelligence. Co-founder Niraj Pant pointed out that the chips, computing power, and models of AI tools are currently controlled by a few companies, posing a threat to the future of technology. Ritual's goal is to break the dependence on these companies, open access to critical infrastructure, and ensure better construction of artificial intelligence. The funds will be used to build network infrastructure, expand the team, and develop the Ritual ecosystem. Ritual plans to launch its Alpha platform early next year.