Aptos Labs has recently formed a strategic partnership with io.net to improve access to scalable GPU resources, aiming to enhance AI and machine learning capabilities.
The company behind the Aptos blockchain ecosystem, Aptos Labs, has joined forces with io.net, a decentralized GPU compute solutions provider, to democratize access to artificial intelligence (AI) resources. This collaboration comes as more venture capital firms are turning their attention towards the rapidly growing technology sector.
In a recent announcement shared with crypto.news, io.net and Aptos Labs will work together to develop a range of AI models and inference products for future release on the Aptos network. These upcoming offerings are expected to utilize the Aptos network for seamless payments.
According to the press release, io.net’s generative AI product, BC8.ai, is already leveraging Aptos for processing over 500,000 transactions daily, leading to the decision to further deepen the partnership with Aptos. Aptos Labs’ founder, Mo Shaikh, highlighted the joint vision of both io.net and Aptos, emphasizing their goal to mitigate risks and decentralize AI applications on the Aptos platform.
This new collaboration by Aptos aligns with the growing interest among investors in the potential synergies between blockchain and AI technologies. In a research paper released by the crypto venture giant a16z crypto in December 2023, the potential benefits of using blockchain to complement AI were outlined. The paper suggested that blockchain networks could act as a counterbalance to centralized AI, promoting multi-sided, global, permissionless markets where participation is open to all.
The intersection of blockchain and AI has caught the attention of venture capital firms, with over 20% of all venture funding in February directed towards AI companies, totaling $4.7 billion in investments. This represents a significant increase from the $2.2 billion invested in January and the $2.1 billion invested in February 2023, as reported by data from Crunchbase.
For more updates, follow Aptos Foundation and learn about their movement to bridge EVM and non-EVM ecosystems. Additionally, check out how Andreessen Horowitz (a16z) has put a pause on their crypto fund expansion for an exciting AI endeavor. Stay informed with the latest news on Google News.