Expanding AI GPU Suppliers with Render Network
The decentralized cloud service io.net has joined forces with Render Network (RNDR) to enhance the number of AI-focused GPU suppliers. This partnership will allocate up to 1.14 million RNDR tokens (equivalent to $2.60 million) as part of the “Early Suppliers Incentive Program”.
io.net is committed to growing its Decentralized Physical Infrastructure Network (DePIN) for Artificial Intelligence (AI) by onboarding additional GPU Suppliers. Concurrently, Render will contribute its existing network of distributed GPU suppliers to aid in creating the world’s largest DePIN.
Enhanced Rewards for Render Network Community Members
Render Network community members who possess consumer-grade GPUs (Nvidia RTX 4090 or below) with fewer than 25 nodes are now eligible for enhanced rewards. The partnership plans to issue RNDR rewards in phases over a total of eight weeks, with 300,000 RNDR tokens ($700,000) available for distribution at the onset.
What’s Next for AI GPU Suppliers and the Render Network?
The partnership anticipates that becoming suppliers of io.net will expand Render node use cases beyond current applications. According to Ahmad Shadid, CEO of io.net, this collaboration will broaden the nodes’ use cases from rendering to ML applications, strengthening both offerings and adapting to the growth of AI and ML.
Rising Demand for GPUs in the Age of AI
The exponential growth of AI has led to a significant surge in GPU demand, with machine learning models becoming increasingly complex. As a result, io.net reports that GPU demand is rising by 10 times every 18 months, while model training costs are escalating by 3,100% per year.
To address this demand, io.net is partnering with independent GPU suppliers and distributed computing projects like Render Network.
Hot Take: Meeting the Growing Demand for AI and ML
The collaboration between io.net and Render Network signifies a strategic move to meet the escalating demand for GPUs in the realm of AI and ML. By leveraging the strengths of both entities, this partnership aims to expand use cases and enhance offerings to adapt to the rapid growth of these technologies.
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