Cocoon Decentralized AI Network Launches, Offering Privacy-Preserving Computing Power

Pavel Durov, co-founder of Telegram, announced the launch of Cocoon, a decentralized AI network built on The Open Network (TON) technology. This platform empowers GPU owners to rent their computing power for processing user queries and requests in exchange for TON, the native cryptocurrency of the TON blockchain. Cocoon aims to address the privacy concerns associated with traditional centralized AI providers like Amazon and Microsoft, offering users a more secure and cost-effective solution.