Competitions

A new way to build AI models

Although external infrastructure providers will host competitions, bitgrit envisions the following:

Exciting features of competitions where the winning models and algorithms are not exclusively used by one party and the rewards don’t stop at the prize pool. An improved value system would be to integrate these winning AI models into AI marketplaces provided by infrastructure providers (the same as the competition hosts or other parties).

These marketplaces could act as hubs for algorithm creators to showcase their work, while small businesses, enterprises, and community members can access these powerful solutions.

Competition Platform

Innovative solutions often emerge from competitive environments. bitgrit envisions competitions designed by Infrastructure Providers that harness this principle, enabling real-world data skill assessments and engaging both internal teams and external expert communities with pressing business data challenges. Infrastructure Providers (in collaboration with Competition Providers and/or other partners can offer bespoke, white-labelled or community driven data science competitions.

These competitions could empower businesses to:

• Identify pivotal AI applications within their operations;

• Source AI models from a vast community of over 30,000 data scientists; and

• Seamlessly integrate these solutions without establishing an in-house data team.

For every challenge presented, a multitude of data scientists converge to design optimal AI models tailored to address specific business issues.

A crowd-based AI as a Service (CAIaaS) model ensures innovative small businesses receive the crème de la crème from thousands of submissions, facilitating swift scalability at a fraction of the cost of traditional team recruitment. With top-tier models being listed on AI Marketplaces provided by infrastructure providers, this allows other businesses with analogous challenges to benefit, while simultaneously generating income for the contributing Data Scientists. In summary, the CAIaaS is the epitome of efficiency in custom AI model development.

The competitions are envisioned to operate on fiat rails, where Competition Providers offer the prize money (via a smart contract) to the winning data scientists in USD (or the stablecoin equivalent) in exchange for the winning AI models.