Aethir’s Decentralized GPU Service Brings $36M Revenue in First Year

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As a seasoned crypto investor with a background in tech and a strong interest in decentralized technologies, I find Aethir’s achievements truly impressive. Having witnessed the limitations of traditional cloud providers and their high costs, Aethir’s 60% cost advantage is a game-changer for me. Moreover, the potential to democratize access to GPU resources and drive innovation in industries where these resources have been scarce is an exciting prospect.

Aethir, the decentralized GPU platform, announced impressive revenue figures for its inaugural year, amounting to an astounding $36 million. The GPU-on-demand service provider highlighted a consistent 10% increase in monthly earnings, fueled by the burgeoning interest and necessity for cloud computing, artificial intelligence, and edge computing capabilities that are propelling the expansion of the decentralized GPU network.

Aethir positions itself as the world’s sole provider of enterprise-grade GPU-as-a-service using decentralized physical infrastructure networks (DePIN). Compared to industry leaders like Amazon Web Services, we offer scalable GPU computing services at a 60% lower cost. Additionally, our unique selling proposition lies in harnessing the idle GPUs within the distributed infrastructure for optimal utilization.

Mark Rydon, Co-Founder and Head of Strategy at Aethir, announced that the company obtains its GPU capabilities from top-tier data centers, specifically tier 3 and tier 4. These data centers are renowned for their high reliability, with an anticipated uptime of 99.982%.

Modern computing relies heavily on GPUs for advanced technological capabilities, yet not everyone has equal access to this resource. This limitation hinders innovation and perpetuates biases, preventing individuals and organizations from creating new products and solutions using the latest technology. The evolving needs of various industries are increasingly beyond the reach of traditional cloud providers. As AI and cloud computing continue to advance, we eagerly anticipate expanding the resources available to democratize access and facilitate groundbreaking developments.

Aethir’s Decentralized GPUs in Strong Demand

Players like TensorOpera AI have heavily utilized Aethir’s decentralized GPU power for over a month to train an AI model with 750 million parameters. Furthermore, Aethir has been incorporated into various platforms such as MetGravity, Sequence, and GameSwift for game development and publishing.

The Aethir network launched a new application named APhone, which is built on the Solana platform, that upgrades old smartphones by granting them access to advanced on-chain services for an annual fee of $20. With a design similar to Android, APhone is versatile and supports both Web3 and Web2 applications. Its app store houses popular apps such as WhatsApp, Instagram, and ChatGPT.

During Aethir’s testnet phase, a substantial number of users numbering 500,000 joined, among them industry titans like Super Micro, Nvidia, HPE, and Foxconn, during the $146-million node sale. In June, they initiated the operation of their network on the Ethereum mainnet.

The indigenous ATH coin relies on Ethereum for depositing stakes and Ethereum’s layer-2 solution Arbitrum for compensating providers and distributing community incentives. You can stake ATH on the amusement-centric Sophon ZK chain. The current circulating supply of ATH amounts to 42 billion tokens, with each token priced at approximately $0.0755 according to present market data.

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2024-07-16 17:45