Aethir Aims to Revolutionize the GPU Market by Emulating Airbnb's Business Model
Summary:
Aethir, co-founded by Dan Wang, aims to mirror Airbnb's business model by providing a platform for underutilised GPUs. The platform, backed by Nvidia, seeks to build a decentralized GPU cloud infrastructure to facilitate gaming and AI developments. Aethir’s initial node offering will launch on March 14, with a public node sale taking place on March 20. Despite a global GPU shortage, the platform hopes to increase GPU utilization, especially among older models, ultimately leading to cost-effective AI advancements.
Co-founded by Dan Wang, Aethir aspires to establish itself as the equivalent of Airbnb for surplus graphics processing units (GPUs). In a recent one-on-one conversation with Cointelegraph, he explained that Aethir is designed to fill a gap in the market where underused GPUs could be effectively utilized, much like Airbnb does with vacant vacation homes. Supported by tech giant Nvidia, Aethir is creating a decentralized, industrial-grade GPU cloud network, catering to gaming and artificial intelligence (AI) needs.
Unfortunately, GPU usage is not up to par, and Aethir's smart routing feature will address this by bringing together the computing demand and suitable GPU power. Aethir's Wang believes that improved GPU usage will pave the way forward for more intricate AI applications due to lower computing power costs. He has faith in a reciprocal process where improved GPU usage will result in better service fees as the capital invested is recovered.
Aethir’s Initial Node Offering is set to launch on March 14, and the public node sale will happen on March 20. Despite a current global shortage of GPUs, Wang identifies the underutilization of older GPU models as a significant component of this problem. Many older GPUs are underutilized because they have not been consistently used or demanded.
Nvidia, a key chipmaker, has encountered problems fulfilling demand for its GPUs. Known for their popularity among gamers and cryptocurrency miners, the company first experienced supply issues in 2017 when the crypto mining boom sparked increased demand. After a brief period of stability, GPU shortages reemerged in 2020, and the situation remains unchanged.
Published At
3/6/2024 7:10:00 PM
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