A collaboration between Aptos Labs and io.net has been formed to provide easier access to extensive GPU resources, aiming to strengthen AI and machine learning performance.
A collaboration has been formed between Aptos Labs, the company responsible for the Aptos blockchain platform, and io.net, a company offering decentralized GPU computing services. The goal is to make AI resources more accessible in a decentralized manner as an increasing number of venture capital investors show interest in the rapidly developing technology.
Based on information from a press announcement obtained by crypto.news, io.net and Aptos Labs plan to work together to create a collection of artificial intelligence models and inference tools. These upcoming products are expected to utilize the Aptos network for transaction processing once they’re launched.
Io.net’s AI product BC8.ai, powered by io.net and labeled as “BC8.ai” in the press release, processes more than half a million transactions daily with the assistance of Aptos. This high volume of transactions led io.net to strengthen its partnership with Aptos. Mo Shaikh, CEO of Aptos Labs, highlighted the alignment of goals between io.net and Aptos, as they both strive to minimize risks and promote decentralization in AI applications on the Aptos platform.
“The goals of io.net for an inclusive, decentralized, and morally sound future in AI align with Aptos’ aspirations for the evolving future of blockchain technology, as well as the next significant stage of the internet that impacts billions of users.”
Mo Shaikh
A collaboration announced by Aptos in December 2023 resonates with the growing curiosity among investors about the combined power of blockchain and AI. Analysts at prominent crypto venture firm a16z crypto highlighted potential merge points between these technologies in a research paper. They underscored that blockchain’s decentralized nature could act as a check against centralized AI, stimulating diverse, worldwide, open markets where participation is welcome from all sides.
During this period, there has been a noticeable surge in venture capital investment for AI companies. In fact, approximately 20% of all venture funding in February amounted to $4.7 billion. This is a considerable jump from the $2.2 billion invested in January and the $2.1 billion invested in the same month last year, as indicated by Crunchbase’s data.
Read More
- BODEN PREDICTION. BODEN cryptocurrency
- GHST PREDICTION. GHST cryptocurrency
- BETA PREDICTION. BETA cryptocurrency
- STRD PREDICTION. STRD cryptocurrency
- Mango Markets Exploiter Found Guilty Of Fraud And Manipulation
- GBP EUR PREDICTION
- MATIC PREDICTION. MATIC cryptocurrency
- LOOKS PREDICTION. LOOKS cryptocurrency
- BRN/USD
- TNSR PREDICTION. TNSR cryptocurrency
2024-04-09 13:57