Decentralised computing network io.net, has announced the beta launch of its decentralised AI compute cloud. The company’s COO Tory Green, and Head of Business development Angela Yi will officially launch the platform on November 3rd, at the main stage of the Solana Breakpoint Conference. This is in line with what the io.net team describes as the commencement of a global movement toward the optimisation of computational resources.
The io.net model and taking on cloud computing giants
Io.net has described its compute cloud as “the world’s largest decentralized AI compute cloud”, and it will be able to onboard, engineers and GPU suppliers once it becomes available to the public. This is an excellent opportunity for cryptocurrency miners with underutilized GPUs to offer their equipment for cloud computing services, generating revenue in the process. Also, clients will benefit from affordable and scalable computing solutions.
“This is a monumental moment for io.net and the entire decentralized computing community,” said Founder and CEO Ahmad Shadid.
This seems like the much-needed solution for bridging the gap between underutilized resources and rising computational demands, especially in the crypto and AI era. io.net has intentionally made the onboarding process easy and fast, with deployment speeds of less than 90 seconds. This will provide the supportive infrastructure needed by ML and AI engineers to deploy massive enterprise-level clusters to power models for training and inference.
The project is off to a great start, with 107,000 GPUs committed to onboarding and ready for rollout in stages. Furthermore, the demand side shows great promise, with the figure standing at 23,000 GPUs before the public beta launch. Importantly, the business model promises to be competitive- the io.net team says that its cloud computing is 90% more cost-effective than current market leaders like Amazon Web Services and Microsoft’s Azure.
The company has said that it will not compromise on performance and that its DePIN platform will undergo continuous testing and updates. This will ensure it maintains top-tier performance and reliability, enabling it to take on the traditional cloud service providers.