Sentient Foundation commits $42 million to advance open-source AGI development

CoinFeed, June 24 — The Sentient Foundation announced the launch of the "Open-Source AGI Grant and Investment Program," committing $42 million to support developers, researchers, and startups in the open-source AGI space. The funds will be deployed through a combination of non-dilutive grants and founder-friendly investments to drive the development of open AI models, infrastructure, tools, and application ecosystems. The Sentient Foundation stated that this initiative aims to prevent a few tech giants from monopolizing AI capabilities, promote open and decentralized artificial general intelligence, and allow global developers to share in the value creation dividends of AI.