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An open source AI project everyone can use for free is reportedly being valued at $1.5 BILLION. The company is Nous Research, behind an AI agent called Hermes. Hermes runs on your own computer, writes code, browses the web, and learns new skills as you use it. Completely free and open source. It's the open alternative to the closed AI labs, and developers love it. Over 214,000 stars on GitHub. Instead of one company's data centers, it runs on a network where people donate their own hardware to train the AI. Now Robot Ventures and USV are reportedly putting in $75 MILLION at a $1.5 BILLION valuation. The product is free. The justification is that enough people will pay for the hosted version to justify the price. A free tool worth over a BILLION dollars, if the round even closes.

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