Connect with us

Technology

Leading AI Projects Choose Filecoin to Advance AI, Marking the Network’s Leading Role as DePIN Backbone for AI

Published

2 years ago

on

Network announcements include collaborations with SingularityNET, Theoriq, Bagel, and Nuklai

BRUSSELS, July 10, 2024 /PRNewswire/ — Filecoin Foundation today announced collaborations with prominent AI organizations including SingularityNET, Theoriq, Bagel, and Nuklai. These collaborations, highlighted on stage at FIL Brussels alongside EthCC, underscore the Filecoin network’s pivotal role as the DePIN (Decentralized Physical Infrastructure Network) backbone for advancements in AI.

The AI industry is facing a critical juncture as more organizations shift toward closed and opaque training models, raising concerns about power concentration, creating information silos and centralized control that expose data to vulnerabilities. The lack of transparency in these systems obscures crucial aspects of AI development, including details on data sources and training methodologies.

The Filecoin network offers an alternative to centralized models by enabling decentralization and transparency, addressing the pressing need for open AI systems and promoting the resilience of digital infrastructure. 

The latest announcements from the ecosystem highlight the diverse applications of Filecoin for AI. From decentralized storage integrations to open humanities datasets to make Filecoin data more accessible and usable, and comprehensive solutions for storing and processing machine learning (ML) workloads, Filecoin has emerged as the DePIN primitive for the AI wave.

Secure Data Provenance and Verifiable Model Training
SingularityNET, a leading AI platform developer, and Filecoin Foundation are collaborating to store SingularityNET metadata on the Filecoin network via Lighthouse, a data onboarding solution. This collaboration will also integrate the Filecoin tech stack to support archival data needs, enhancing the robustness and security of decentralized data storage. Additionally, the two groups are exploring the formation of an AI Ethics Working Group to encourage responsible sourcing and handling of data in a decentralized AI context. Read the SingularityNET announcement.

Unlocking the Potential of Open Data Stored on Filecoin with AI Agents
Theoriq, an AI base layer platform, and Filecoin Foundation are developing a series of AI agents trained on data from the Filecoin network, making open data more accessible and usable. Currently, a Filecoin AI agent trained on the Filecoin docs and GitHub repositories is available for testing. This agent allows users to get answers through natural language queries on how to build on Filecoin, troubleshoot common issues, getting started as a storage provider, and more.

Additionally, FF and Theoriq are exploring an AI agent leveraging 25 years of declassified CIA datasets from MuckRock that are stored on Filecoin, enabling efficient and verifiable research of one million documents. Read the Theoriq announcement.

Cost-Effective and Efficient Decentralized AI Infrastructure 
Bagel, an AI and cryptography research lab, and Filecoin Foundation are collaborating to enable AI developers to train and store their models using the compute and storage power of the Filecoin network. With Bagel’s decentralized compute network aggregator, Filecoin storage providers will be able to utilize both storage and computational resources, increasing revenue, optimizing compute resource utilization, and accelerating adoption by offering a comprehensive solution for ML workloads. Read the Bagel announcement.

Accelerating and Securing Access to AI Data
Nuklai, a collaborative data marketplace and infrastructure provider for data ecosystems, has integrated Filecoin through Lighthouse to make Nuklai’s metadata publicly accessible. Nuklai plans to support secure data uploads to the InterPlanetary File System (IPFS) in the future and is exploring integrating Filecoin as a data storage cluster within its Layer 1 network for enterprise and other use cases, providing a perpetual and decentralized data storage model. Read the Nuklai announcement.

“For a more decentralized, open, and transparent AI-driven industry, we need data storage and compute solutions that work for businesses, while providing greater transparency and trust around the tech products transforming our lives,” said Danny O’Brien, Senior Fellow, Filecoin Foundation. “We’re thrilled to work with leading projects in this space to make decentralized storage on Filecoin the backbone of the AI wave.”

Also on stage at FIL Brussels and during EthCC, Filecoin ecosystem teams made announcements enriching the tooling and data onboarding solutions available on the network.

Qamcom DDS and DeStor Partner to Enhance Data Privacy and Security
Qamcom DDS and DeStor announced a partnership to provide enhanced security, robustness, and petabyte-scale storage services on the Filecoin network. The partnership has secured two clients, including Swedish startups YayPal, a Web3 gaming studio with over 500,000 users for its flagship game Yay Ride, and Fieldstream, an AI marketing analytics platform. DeStor’s platform offers verifiable storage solutions that ensure data integrity and availability through daily data verification. And the partnership with Qamcom DDS allows clients to store extensive data securely and efficiently, ensuring confidentiality and protection. Read DeStor’s announcement.

Fileverse launches dDocs, a private, peer-to-peer, onchain alternative for real-time collaboration
Fileverse launched a decentralized docs app, providing a privacy-enhancing alternative to one of the most used apps on the Internet: Google Docs. With end-to-end encryption by design, ddocs.new is a decentralized docs app that ensures that user data remains accessible only by the document owner and those with whom they choose to share it. This encryption approach is also maintained during real-time collaboration. Unlike other platforms, ddocs.new does not store any data on centralized servers. Instead, documents and drafts are stored via peer-to-peer networks like IPFS. Read Fileverse’s announcement.

About Filecoin
Filecoin is a peer-to-peer network to store files, with built-in economic incentives to ensure files are stored reliably over time. It’s designed to create a decentralized, efficient, and robust foundation for humanity’s information.

About Filecoin Foundation
Filecoin Foundation’s mission is to preserve humanity’s most important information, as well as to facilitate the open source governance of the Filecoin network, fund research and development projects for decentralized technologies, and support the growth of the Filecoin ecosystem and community.

MEDIA CONTACT:
Filecoin Foundation
press@fil.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/leading-ai-projects-choose-filecoin-to-advance-ai-marking-the-networks-leading-role-as-depin-backbone-for-ai-302193809.html

SOURCE Filecoin Foundation

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

IIFL Capital Launches Algo Marketplace with Over 100 Ready-Made Strategies

Published

11 minutes ago

on

June 19, 2026

By

MUMBAI, India, June 19, 2026 /PRNewswire/ — IIFL Capital Services Limited (https://www.iiflcapital.com) today announced the launch of its next-generation algorithmic trading platform. The platform offers access to more than 100 ready-made exchange-approved algorithmic trading strategies, making sophisticated trading tools accessible to a wider investor base.

Algorithmic trading has emerged as one of the fastest-growing segments in global capital markets, driven by advances in technology, data analytics and automation. In India, increasing regulatory clarity and growing investor adoption are accelerating the shift towards systematic and rules-based trading approaches.

Commenting on the launch, Rachit Mehta, Head of Products and Platform, IIFL Capital, said:

“For over three decades, IIFL has been at the forefront of innovation in India’s financial services industry. From pioneering digital investing solutions to building cutting-edge trading infrastructure, technology has been central to our growth journey. The launch of our Algo Marketplace marks another important milestone in that evolution.”

“With access to over 100 ready-made strategies, a robust technology architecture and participation from leading exchange-approved strategy providers, I believe we have created one of the most comprehensive algorithmic trading ecosystems in the country. Our objective is to democratize access to sophisticated trading strategies and empower investors with institutional-grade tools through a simple and intuitive platform.”

The launch further strengthens IIFL Capital’s position as a technology-led financial services institution. Over the past three decades, the company has consistently invested in digital innovation, helping millions of investors access capital markets through advanced yet user-friendly solutions.

As algorithmic trading continues to gain momentum in India, IIFL Capital’s platform aims to bridge the gap between institutional-grade technology and retail investor participation, bringing automation, discipline and data-driven decision-making to a broader audience.

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Photo: https://mma.prnewswire.com/media/2997315/IIFL_Algo_announcement.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/iifl-capital-launches-algo-marketplace-with-over-100-ready-made-strategies-302805238.html

Continue Reading

Technology

LUMIQ Raises INR 50 Crore Pre-Series B to Become the AI Decision Layer for Financial Services

Published

11 minutes ago

on

June 19, 2026

By

While most AI in financial services remains advisory, LUMIQ has built the layer that owns the decision — autonomous, auditable AI agents making regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia — leading institutions across insurance, banking, and capital markets.

NEW DELHI and MUMBAI, India, June 19, 2026 /PRNewswire/ — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.

Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, a claim to be adjudicated, because somewhere an FSI employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. We built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets us bring that to every financial institution in the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ

From AI that assists to AI that decides

For decades, financial institutions have bought technology that made their people faster — faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution’s own guidelines, and reach the decision end to end — escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.

The results in production speak clearly. At a leading life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and compressed turnaround from days to under eight minutes — running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.

LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent we deploy is consistent, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader across roles. And through our cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ

This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.

LUMIQ’s investors backed the round for the same reason its customers adopt LiteCone: agents already deciding in production, with auditability and control built in.

As a financial-services group, we know how much rests on getting regulated decisions right, at speed and at scale. LUMIQ has built AI agents that decide in production with auditability and control built in, the capability the industry has been moving toward. We are proud to lead this round and to support the team’s expansion across the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates

Our conviction is grounded in what LUMIQ has already built. Their AI agents aren’t just built for the future. They are operating in production today, at speed. This combination is rare, and its value will only compound as the company scales globally.
Girish Jhunjhunwala, Fund Manager – PE and VC Investments, Bajaj Alternates

Financial services is one of the hardest categories to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into live financial-services workflows and earned the trust of large institutions across the US, Southeast Asia and India. That is how a category-defining company in financial-services AI gets built, and we are proud to keep backing the team as they scale globally.
Kitty Agarwal, Partner, Info Edge Ventures

LUMIQ’s goal is to lead one category: auto-decisioning at production scale for financial services. Agents that act, not assist, and never compromise audit, compliance, or predictability.

About LUMIQ

LUMIQ is an AI-native financial services company. Through its LiteCone platform and a growing workforce of production AI agents, LUMIQ turns real financial-services roles — insurance underwriter, credit underwriter, claims adjudicator — into agents that are consistent, explainable, compliant, and auditable. The company pairs deep domain expertise across banking, insurance, and capital markets with frontier AI. LUMIQ employs over 350 AI and data specialists, and has offices in New Jersey, Singapore, and Delhi NCR (India).

Web: www.lumiq.ai

Photo – https://mma.prnewswire.com/media/2997317/LUMIQ_Funding.jpg

 

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/lumiq-raises-inr-50-crore-pre-series-b-to-become-the-ai-decision-layer-for-financial-services-302805239.html

Continue Reading

Technology

LUMIQ Raises Strategic Funding to Become the AI Decision Layer for Financial Services

Published

11 minutes ago

on

June 19, 2026

By

While most AI in financial services remains advisory, LUMIQ has built the layer that owns the decision — autonomous, auditable AI agents making regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia — leading institutions across insurance, banking, and capital markets.

NEW YORK and SINGAPORE, June 19, 2026 /PRNewswire/ — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.

Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, a claim to be adjudicated, because somewhere an FSI employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. We built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets us bring that to every financial institution in the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ

From AI that assists to AI that decides

For decades, financial institutions have bought technology that made their people faster — faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution’s own guidelines, and reach the decision end to end — escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.

The results in production speak clearly. At a leading life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and compressed turnaround from days to under eight minutes — running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.

LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent we deploy is consistent, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader across roles. And through our cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ

This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.

LUMIQ’s investors backed the round for the same reason its customers adopt LiteCone: agents already deciding in production, with auditability and control built in.

As a financial-services group, we know how much rests on getting regulated decisions right, at speed and at scale. LUMIQ has built AI agents that decide in production with auditability and control built in, the capability the industry has been moving toward. We are proud to lead this round and to support the team’s expansion across the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates

Our conviction is grounded in what LUMIQ has already built. Their AI agents aren’t just built for the future. They are operating in production today, at speed. This combination is rare, and its value will only compound as the company scales globally.
Girish Jhunjhunwala, Fund Manager – PE and VC Investments, Bajaj Alternates

Financial services is one of the hardest categories to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into live financial-services workflows and earned the trust of large institutions across the US, Southeast Asia and India. That is how a category-defining company in financial-services AI gets built, and we are proud to keep backing the team as they scale globally.
Kitty Agarwal, Partner, Info Edge Ventures

LUMIQ’s goal is to lead one category: auto-decisioning at production scale for financial services. Agents that act, not assist, and never compromise audit, compliance, or predictability.

About LUMIQ

LUMIQ is an AI-native financial services company. Through its LiteCone platform and a growing workforce of production AI agents, LUMIQ turns real financial-services roles — insurance underwriter, credit underwriter, claims adjudicator — into agents that are consistent, explainable, compliant, and auditable. The company pairs deep domain expertise across banking, insurance, and capital markets with frontier AI. LUMIQ employs over 350 AI and data specialists, and has offices in New Jersey, Singapore, and Delhi NCR (India).

Web: www.lumiq.ai

Photo – https://mma.prnewswire.com/media/2997283/LUMIQ_Funding.jpg

 

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/lumiq-raises-strategic-funding-to-become-the-ai-decision-layer-for-financial-services-302805240.html

Continue Reading

Trending