Here's how one decentralized cloud provider says private citizens can make money from AI
Key takeaways
- The software requires massive computing resources, and the data centers consume huge amounts of power to run the machines and cool the buildings.
- The company now has 4 million connected devices worldwide and clients including Tencent, Alibaba, and the AI video platform Kling AI, Titan Network said.
- Titan is not the first project to try lowering costs by aggregating unused computing capacity in what's known as a decentralized physical infrastructure network (DePIN) system.
The internet infrastructure company said its software pools unused computing resources and rents it out as a "decentralized cloud" to AI companies, who pay less than they would if buying capacity from large, centralized providers.
Powering AI is big business. The software requires massive computing resources, and the data centers consume huge amounts of power to run the machines and cool the buildings. Many bitcoin BTC$67,069.86 mining companies have those setups and a number, including MARA Holding (MARA) and Riot Platforms (RIOT), are pivoting to serve the rising demand. On Monday, Alphabet (GOOG) said it planned to raise a whopping $80 billion to spend on AI infrastructure.
“We have two of the top 10 AI companies in the world using our products to realize 75% cost savings on their infrastructure," Konstantin Tkachuk, founder and chief strategy officer, said in an interview at the Proof of Talk conference in Paris.