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Home»BLOCKCHAIN NEWS»Blockchain startup Aptos partners with io.net to decentralize access to AI.
BLOCKCHAIN NEWS

Blockchain startup Aptos partners with io.net to decentralize access to AI.

By Crypto FlexsApril 9, 20242 Mins Read
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Blockchain startup Aptos partners with io.net to decentralize access to AI.
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Aptos Labs has partnered with io.net to improve access to scalable GPU resources to enhance AI and machine learning capabilities.

Aptos Labs, the company behind the Aptos blockchain ecosystem, has partnered with io.net, a provider of decentralized GPU computing solutions, to decentralize access to artificial intelligence (AI) resources that a growing number of venture capital firms are targeting. It has been concluded. A fast-growing technology.

According to a press release shared with crypto.news, io.net and Aptos Labs will collaborate to develop a suite of AI models and inference products for future launches on the Aptos network. These future services will obviously utilize the Aptos network to facilitate payments.

According to a press release, io.net’s generative AI product, called BC8.ai, is already “processing more than 500,000 transactions per day” using Aptos, which is why io.net decided to deepen its collaboration with Aptos . Aptos Labs CEO Mo Shaikh emphasized the shared vision of io.net and Aptos, saying both companies aim to de-risk and decentralize AI applications on the Aptos platform.

“io.net’s vision for an accessible, decentralized and accountable future for AI reflects Aptos’ vision for the future of blockchain and the next phase of the internet for billions of people.”

Mo Shaikh

Aptos’ latest partnership coincides with growing investor interest in potential synergies between blockchain and AI. In December 2023, analysts at the giant cryptocurrency venture a16z crypto published a research paper outlining key areas where blockchain technology can complement artificial intelligence. They specifically emphasized that blockchain networks can serve as a “balancing force against centralized AI” by fostering multi-sided, global, permissionless markets where anyone can contribute.

Meanwhile, venture capital firms are showing increasing interest in this intersection, with more than a fifth of all venture funding allocated to AI companies in February, totaling $4.7 billion in investments. This is a significant increase compared to $2.2 billion invested in AI companies in January and $2.1 billion in February 2023, according to data from Crunchbase.

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