Nikolas Sargeant
io.net and NetMind.AI have entered into a strategic partnership to enhance Artificial Intelligence (AI) and machine learning (ML) capabilities. In a press release shared with Cryptowisser on Monday, August 12th, the companies said this partnership will leverage the strengths of both companies, enhancing their ability to deliver powerful, cost-effective AI solutions that benefit end users on both sides.
The partnership also combines the companies’ strengths to rapidly enhance computational capabilities through shared resources and strategic integration.
As part of the deal, io.net will supply additional GPU power to NetMind during peak demand times, ensuring NetMind's users have access to increased computational resources.
Meanwhile, NetMind will contribute its decentralized computing resources to io.net's network, bolstering their distributed infrastructure.
While commenting on this partnership, Kai Zou, CEO of NetMind.AI, said,
"This collaboration with io.net allows us to offer even more computational power to our users. By combining our resources, we aim to reduce costs while providing high-performance computing power, aligning with our commitment to democratize AI development."
Tory Green, CEO of io.net, added that,
“Working with NetMind strengthens our ability to support a wide range of ML tasks. We're excited to advance AI technologies together and create new opportunities for developers and businesses."
This latest development comes three days after io.net partnered with Leonardo AI’s platform to boost their computation capacity by providing them with enterprise-grade L40S GPUs.
Io.net is a decentralized physical infrastructure network (DePIN) that deploys and manages on-demand, decentralized GPU clusters from geo-distributed sources. With countless GPUs accessible, io.net is architected for low latency, high processing demand use cases like AI/ML operations and cloud gaming, democratizing access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses alike.
Meanwhile, NetMind.AI is dedicated to developing the infrastructure, technology, and ecosystem for future AGI, making AI accessible and affordable for everyone. NetMind Power – the company’s principal product – is a decentralized AI ecosystem that mobilizes idle computing power, democratizing access to otherwise prohibitively expensive AI systems.
