Theta Surges to $3 Following Partnership with Aethir to Launch Hybrid GPU Marketplace for AI

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On Thursdays morning, THETA, the indigenous digital currency of the decentralized Theta video delivery system, experienced a notable increase of approximately 9.12%, reaching a value of $3.0. In contrast, it had dropped to $2.76 the day prior.

Based on CoinMarketCap’s statistics, THETA has experienced a gain of approximately 19.4% in the last week. Its trading volume exceeds $100 million, and its market value surpasses $3 billion.

Theta Partners with Aethir for Hybrid GPU Marketplace

The recent increase in demand for Theta tokens was driven by their new collaboration with Aethir, a decentralized cloud computing platform for GPUs. Together, they aim to establish the most extensive hybrid GPU marketplace within the cryptocurrency sector.

Newly released information indicates that the marketplace, upon its introduction, is intended for builders and businesses from all corners of the globe to discover its offerings.

The hybrid marketplace is being developed to offer exceptional GPU computing power, delivering performance that is 20-30 times stronger than any current network in the digital asset sector. (Or) The new hybrid marketplace will provide superior GPU computing abilities, offering a performance boost 20-30 times greater than other networks within the digital asset industry.

In simple terms, the field of artificial intelligence requires a large amount of computing power from GPUs for advancement and expansion. Yet, conventional cloud computing setups struggle to deliver this need. Aethir and Theta’s marketplace aim to fill this void by offering immediate access to top-tier GPU processing, empowering businesses to conveniently train, fine-tune, and launch their AI models.

Based on the findings in the report, Aethir’s vast GPU network consisting of over 40,000 enterprise GPUs, among which are more than 8,000 NVIDIA H100s, will merge with Theta’s network to create a globally sizeable distributed computing cluster for GPUs. This new cluster is roughly equivalent to having 250 Nvidia A100s.

Theta to Integrate Hybrid GPU Marketplace into EdgeCloud

This year, Theta intends to merge its hybrid cloud-decentralized GPU marketplace completely into its EdgeCloud platform.

The initiative aims to offer developers and businesses an effortless means to utilize AI models through EdgeCloud, which Theta Labs CEO Mitchell Liu believes will revolutionize AI processing with the help of a newly granted patent on their Edge Computing platform that operates on a blockchain network based on Smart Contracts.

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Partnership of this two-person team is focused on addressing the increasing need for advanced AI applications, like text-to-video and text-to-3D models, which consume much greater energy compared to typical chatbots.

Theta Expands Beyond Decentralized Video Delivery

The Theta network, known for its decentralized video streaming, is progressively broadening its scope past simple video delivery. It now includes artificial intelligence and video processing technologies within its system.

The EdgeCloud platform, due for a complete rollout next year, is poised to revolutionize cloud computing. Users will be able to effortlessly tap into powerful GPUs for AI and video projects, making it a decentralized centerpoint for cloud computing capabilities.

Using Theta EdgeCloud, the network integrates the advantages of edge and cloud computing. This integration supports advanced extended reality applications, sophisticated video-based AI solutions, and various other groundbreaking technologies, delivering immersive experiences.

By transitioning from a video-focused strategy to incorporating AI and advanced video processing, Theta Network intends to expand its capabilities, providing innovative services and paving the way for the creation of future-generation applications.

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2024-04-11 13:54