The decentralized artificial intelligence firm Prime Intellect raised $5.5 million seed funding.

CoinFund and Distributed Global co-led the round, which saw additional support from Compound, Collab+Currency, Protocol Labs, Erik Voorhees of Shapeshift, Worldcoin's DCBuilder, Coinbase's Joe Lallouz, Huggingface's Clem Delangue, SemiAnalysis's Dylan Patel, Nous Research's Shivani Mitra and others.

Prime Intellect is building out scalable decentralized AI development infrastructure. Prime Intellect's platform, live in beta, aggregates the global supply of centralized and decentralized GPU providers to enable on-demand computing at a low cost, according to the firm's website. The firm then wants to launch a decentralized protocol letting users own parts of the AI models they helped …