Decentralized cloud service io.net with an agreement involving artificial intelligence-focused GPU suppliers Render Network He announced his partnership with (RNDR). Under the “Early Suppliers Incentive Programme” the partnership also includes distribution of up to RNDR 1.14 million (valued at $2.60 million).
Essentially, io.net is a platform that aims to expand the Decentralized Physical Infrastructure Network (DePIN) for Artificial Intelligence (AI) by onboarding more GPU Vendors. Render, meanwhile, will be the force behind its existing distributed network of GPU suppliers, which will support its goal of building the world’s largest DePIN.
Notably, Render Network community members with consumer-grade GPUs (Nvidia RTX 4090 or below) with fewer than 25 nodes will also be able to benefit from these rewards programs.
As we reported as Koinfinans.com, the partnership RNDR Rewards will be distributed gradually over a total of eight weeks. Currently, 300,000 RNDR tokens ($700,000) are reserved for distribution.
What’s Next for AI GPU Suppliers and Render Network?
The partnership emphasizes that by becoming suppliers of io.net, Render Network node usage areas will have a function beyond current applications.
Our partnership with Render Network will give us access to Render’s community of quality consumer-grade GPUs, expanding the use cases of its nodes beyond rendering into machine learning applications. This partnership will strengthen both of our offerings and we look forward to working together. We’re excited to launch at Breakpoint and expand to meet the needs of the incredible growth of AI and ML.
NEWS CONTINUES BELOW– Ahmad Shadid, CEO of io.net
Increasingly complex machine learning models are causing GPU demand to increase 10x every 18 months. Model training costs are increasing by 3,100% per year.