# What Is SingularityNET(AGIX)? By [crypto-kingpin.eth](https://paragraph.com/@crypto-kingpin-eth) ยท 2023-03-26 --- ### What is SingularityNet? SingularityNET is revolutionizing the AI landscape by addressing the ever increasing market need for businesses to incorporate AI into their operations. Off-the-shelf AIs rarely match specific business needs, and only tech giants have the resources to build **custom AIs**. Even they struggle to hire enough AI experts to meet demand. SingularityNET offers an **automated** process that enables any business to connect **existing AI tools** to build the solution it needs, optimizing for accessibility and customizability, reducing duplication of effort, and making development more efficient ### What Is The Problem With AI Projects? State-of-the-art AI tools often exist only in GitHub repositories created by **graduate students** or **independent researchers**, limiting their use due to the difficulty in installing, configuring, and running them. Most **AI developers** are **academics**, not **businesspeople**, and have no easily accessible marketplace to monetize their clever AI code. This often results in AI lagging months to years behind the code in real-world products. SingularityNET provides a launchpad for developers to get their AI models and algorithms **into real-world applications** quickly and get paid with **AGIX** token for their services ### What SingularityNet Is Trying To Solve? Similar to Uber and Airbnb, SingularityNET identifies a large **unexploited resource** and a **market in need** of that resource. The unexploited resource is AI **algorithms** and **software** on GitHub and elsewhere, while the market is the **99 percent of businesses** that cannot afford a team of AI experts. --- *Originally published on [crypto-kingpin.eth](https://paragraph.com/@crypto-kingpin-eth/what-is-singularitynet-agix)*