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Revolutionizing Compute: The New Oil of the Digital Age

In a recent enlightening discussion, Aaron & Austin Arnold delved into the transformative potential of GPU compute and its future implications. The CoinSpeech team compiled the most important takeaways to share with you. Find the Aaron & Austin Arnold’s new video below.

The Currency of the Future

“I think compute is going to be the currency of the future,” stated Austin Arnold, emphasizing the growing importance of GPU compute as a global resource. With the rise of artificial intelligence, GPUs have become indispensable, used extensively to train, optimize, and distribute AI models.

GPU Compute: The New Oil

Referencing a notable statistic, Austin pointed out, “China literally imported more chips than oil last year,” highlighting the notion that GPUs are becoming as crucial economically as oil once was. This shift is driven by the exponential demand for computing power needed in AI developments.

Introducing I o.net

I o.net has stepped up to address this increasing demand by creating what they describe as “an Airbnb for GPU compute.” According to CEO Cory Green, the platform taps into unutilized GPU resources, providing machine learning engineers with affordable compute power. “IO cloud is up to 80% cheaper than major players in the market,” Green explained.

Decentralized Clustering: The Secret Sauce

The platform’s key innovation lies in its decentralized clustering capability, which allows it to combine GPUs from various geographic locations into a single powerful compute resource. “Without clusters, it would have taken 10 years to train GPT-3,” highlighted Austin, stressing the critical role of clusters in AI development.

Support from Leading Investors

Backed by prominent investors such as Hack VC and Solana Ventures, I o.net has raised over $40 million in an oversubscribed Series A round, crossing the Unicorn mark within its first 10 months. “Prominent leaders like Solana founder Anatoli have joined the venture,” added Arnold.

Products and Ecosystem

  • IO Cloud: Provides decentralized GPU clusters on demand, eliminating the need for costly hardware.
  • IO Worker: Offers an easy-to-use interface for CPU and GPU configurations.
  • IO Explorer: Delivers detailed insights similar to blockchain explorers.
  • IO Coin: A blockchain-based cryptocurrency facilitating ecosystem communication.
  • IOG Network: A decentralized infrastructure network of distributed hardware nodes.

Beyond Crypto

Despite their strong roots in the crypto sector, I o.net aspires to be more. “We see ourselves as a competitor to Big Tech… AWS, GCP, Azure,” Aaron mentioned. They leverage crypto as a tool but ultimately aim to revolutionize the compute industry.

Below is the embedded video for an in-depth understanding: