Intermagnetics General signs MoU with FLock for privacy preserving AI solutions

Intermagnetics General (IMG) has signed a non-binding Memorandum of Understanding with FLock Technology, for the company to engage Flock as its privacy-preserving AI total solution provider. The company intents to collaborate with Flock to jointly develop LifeNode, an AI assisted wellness monitoring and recommendation product, with FLock’s privacy preserving AI solutions, as well as a potential acquisition of FLOCK tokens as a treasury reserve asset. The MoU is non-binding and subject to the company and Felock entering into a definitive agreement. FLock created the first decentralized AI training platform, FLock.io, combining federated learning and blockchain. FLock also provides its clients with privacy-preserving, end-to-end AI solutions, including local model deployment, data anonymization, fine-tuning, co-training with federated learning, and application building. As part of this initiative, CIMG will conduct a thorough assessment of the security and value of FLOCK.