Web 3 Startup io.net Plans to Build World’s Largest Decentralized Computing Service Network
io.net, a Web 3 decentralized cloud service provider, has announced its ambitious plans to create the world’s largest decentralized computing service network. The company aims to onboard a million GPUs from independent computing power providers in order to reduce the shortage of GPUs for AI processing and drive innovation in the industry.
Decentralized Physical Infrastructure Network (DePIN)
The decentralized cloud ecosystem, called Decentralized Physical Infrastructure Network (DePIN), will be the largest of its kind for machine learning. io.net aggregates GPUs from multiple sources into a single platform, providing developers with a decentralized cloud for GPU computing power. With just one click, engineers and developers can select their preferred options and quickly access the computing power they need.
“AI is one step away from starting the Fourth Industrial Revolution but current GPU providers can’t support the scale and speed of innovation. io.net will be able to connect one million GPUs distributed across the globe in under 90 seconds, giving AI startups access to essential processing power on demand,” said Ahmad Shadid, Founder & CEO of io.net.
The Shortage of AI Chips and io.net’s Solution
The demand for GPUs has skyrocketed as AI technology continues to advance. Despite Nvidia’s market cap reaching over $1 trillion dollars, there is still a significant shortage of AI chips. This has caused the cost of training large-scale AI models to rise exponentially and has led to lengthy lead times to access cloud services.
io.net aims to address this issue by proposing a decentralized GPU computation network. Unlike the current model where companies purchase access to GPU chips and compute power from centralized services like Google, Amazon, and Microsoft, io.net’s network will offer tech companies access to idle GPU chips from independent computing power providers.
Incentivizing GPU Owners and Reducing Costs
By targeting idle GPUs in independent data centers and crypto mining farms, io.net plans to incentivize GPU owners to join their ecosystem. Developers and engineers will be able to deploy massive GPU clusters with just one click, supporting intense machine learning workloads and reducing costs by up to 90% compared to traditional cloud computing services.
The company is currently in possession of over 36,000 GPUs and aims to reach a million GPUs from around the world to create the largest decentralized cloud computing service.
Hot Take: io.net’s Initiative Fuels Innovation in AI with Decentralized Computing
io.net’s plan to build the world’s largest decentralized computing service network is a game-changer for the AI industry. By onboarding a million GPUs from independent computing power providers, they aim to reduce the shortage of AI chips and lower costs in cloud computing. This initiative not only benefits developers and engineers by providing them with easy access to powerful GPU clusters but also encourages innovation in the AI space. With io.net’s platform, AI startups can tap into essential processing power on demand, driving the growth of the industry and potentially starting the Fourth Industrial Revolution.
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