London-based NetMind, an AI company that aims to advance Artificial General Intelligence (AGI), announced on Tuesday that it has invested £2M (approximately €2.3M) in TG0, a London-based developer of AI-powered human-machine interfaces.
According to the company, the investment was finalised in Q3, 2023, but it is being announced by the companies today in line with their strategic partnership.
Additionally, TG0 will be seeking a new round of investment later this year.
Fund utilisation
With this financial injection, TG0 will be able to rapidly scale its tech and product development (with products such as smart pressure sensing insoles, and prosthetics).
This investment allows TG0 to use its patented technology to create touch-sensitive, pressure-responsive materials.
These materials can be used in various industries (including consumer electronics, automotive, healthcare, audio, gaming, and fitness) to make products smarter, more sustainable, and user-focused.
NetMind partners with TG0
TG0 and NetMind are teaming up to develop AI-embedded products that can be customised and adapt to users’ needs in real time.
NetMind will also offer its AI solutions on the TG0 platform, and both companies will work together to advance AI research.
Henry Huang, CTO of NetMind, discussed ethical considerations for the AI solution developed with TG0 for Silicon Canals.
He says “Our main ethical considerations are — bias and transparency. To ensure these are properly considered, we’re ensuring AI models are trained on diverse datasets that can help prevent biases that might affect decision-making in critical sectors. Additionally, the AI systems we develop should be designed to be transparent, allowing users to understand how decisions are made, and fostering trust and reliability.”
This partnership will also bring NetMind and TG0 together with the top research minds from King’s College London and Imperial College London.
These two colleges will combine their research with TG0’s expertise in embedded machine learning and NetMind’s FPGA (Field Programmable Gate Arrays) technology.
Aims to bring AI-embedded physical products
NetMind and TG0 partner to bring together AI expertise with a new generation of AI-embedded physical products.
Explaining the long-term goals of the collaboration, Huang says, “The long-term goals of the partnership between NetMind and TG0 focus on co-research and co-development of innovative products that leverage their respective strengths in AI and touch/motion sensing technologies.”
“By pooling resources and expertise, both companies aspire to lead in their sectors and explore new applications within the AI and sensor technology landscape. This partnership is expected to not only yield cutting-edge products but also foster a deeper integration of AI with intuitive user interfaces.”
NetMind’s focus – Optimising LLM model inference
Led by Kai Zou, NetMind specialises in developing distributed computing platforms and AI ecosystems.
According to Huang, the company’s current research and development efforts are focused on several key areas: LLM logical reasoning, multi-model logical reasoning, agentic framework, mixture of models, and distributed training.
“Additionally, we are working on optimising LLM model inference, which includes improving model inference speed and dynamically loading and offloading based on requests to optimize hardware usage),” he adds.
To democratise AI, the company is on a mission to make AI technology more accessible and affordable while focusing on impactful and ethical solutions.
What makes NetMind Power stand out?
The company’s flagship product — NetMind Power, is a decentralised AI ecosystem that harnesses idle computing power to deliver scalable, cost-effective AI solutions.
Explaining it, he says, “NetMind’s decentralised AI platform distinguishes itself by leveraging global idle GPU resources to enhance computational power availability and cost-effectiveness, which is crucial for developing and deploying AI applications at scale. Unlike conventional AI solutions that rely on centralised data centres, NetMind’s platform democratises access to AI technology by offering a distributed computing environment.”
“Additionally, NetMind is not just a computing platform but an ecosystem encompassing an advanced inference platform. This allows users to upload their models or utilise pre-built, open-source models for rapid deployment and scaling. This ecosystem supports a wide range of applications from academic research to commercial AI products, facilitating seamless collaboration and innovation within the AI community. By integrating these tools and platforms, NetMind fosters a more connected and dynamic AI development environment,” he adds.
The UK company is also pioneering tools for Artificial General Intelligence (AGI) to broaden the accessibility of AI technology for users and businesses alike.
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