DePIN for AI: Building the Internet of GPUs - TOKEN2049 Dubai 2024
Explore the groundbreaking concept of "DePIN for AI: Building the Internet of GPUs" presented at TOKEN2049 Dubai 2024. Ahmed, CEO and founder of iret, shares insights into democratizing access and earnings in AI compute power through a decentralized network of GPUs. Leveraging underutilized GPU resources, originally used for crypto mining, iret has pioneered a platform that connects providers with those in need of substantial computing capabilities in AI, presenting a cost-effective alternative to traditional cloud services.
The talk highlights the journey from inception, rooted in Quant systems engineering and a need to reduce operational costs during challenging market conditions, to the development of a crowdsourced computational network. This network addresses the critical shortage of affordable GPU power for large-scale AI startups, enabling seamless and rapid access akin to the internet.
Ahmed challenges the current GPU marketplace, emphasizing the significant underutilization of global GPU supply and proposing iret's solution: a tokenized economy where computational power becomes the new digital currency, supporting a sharing economy across a network spanning 140 countries. This venture is backed by notable investors and is set to revolutionize how AI-driven endeavors access necessary computational resources.
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