- Flora Growth raised $441 million to launch an AI-driven financial strategy with 0g coins.
- The company will rebrand as Zerostack and blend Defi with $366 million in digital assets and $35 million in cash.
- 0G’s distributed AI system trains 100 billion parameter models 357 times faster than Google.
Global pharmaceutical distributor Flora Growth Corp has secured $401 million in funding to launch an AI-driven financial plan centered around zero gravity coins (0g). The deal includes a $22.88 million investment from Defi Development Corp, a Solana-focused finance company.
0G integration allows for pioneering distributed AI
In their blog post, Flora will be rebranding as Zerostack while maintaining FLGC stock tickers. This move combines Defi tools with traditional business and uses AI to expand your finances. They raised $366 million in digital assets and $35 million in cash through private stock sales of $25.19 each.
People who donate 0G tokens as one loan each get a pre-funded warrant that is worth $3 each and kicked in after the shareholders.
Next CEO Daniel Reis Faria said that AI will change not only what a company does, but how it builds its setup. He called this strategy a way for large investors to get fair in growing private AI, clear, verifiable, inexpensive, and private.
Flora defeated Google’s old Diloco research 357 times, highlighting the feat of 0G in training 107 billion parameter AI models on the slow internet. This proves that large AI can train without a central hub, handling the tough tasks on the network.
0g leads as the first Web3 AI costume and fully integrates its storage, calculation and training market into one system for decentralized AI work. It brings everything together into a simple operating system for Web2 and Web3 developers.
Defi Development Corp leads packs with DAO5, Abstract Ventures, distributed capital, blockchain builder funds and Salt.
CEO Joseph Onorati is pumped up to team up and push AI at Solana. If conditions become clear, the transaction will be closed around September 26th, and the funds will purchase an additional 0g of tokens for the ecosystem.
