Gensyn Applies A Token To Distributed Computing For Ai Developers, Raises $6.5M
03/21/22, 7:57 AM
Money raised
$6.5 million
For self-driving cars and other applications developed using AI, you need what’s known as ‘deep learning’, the core concepts of which emerged in the ‘50s. This requires training models based on similar patterns as seen in the human brain. This, in turn, requires a large amount of compute power, as afforded by TPUs (Tensor Processing Units) or GPUs (Graphics Processing Units) running for lengthy periods. However, cost of this compute power is out of reach of most AI developers, who largely rent it from cloud computing platforms such as AWS or Azure
Company Info
Additional Info
To achieve this, Gensyn says it will launch its decentralized compute network for training AI models. Gensyn also claims it’s a more environmentally conscious solution, because this compute power would otherwise go unused.Lior Messika, managing partner at Eden Block, commented: “Gensyn’s goal of truly democratizing compute with decentralized technology is perhaps the most ambitious endeavor we’ve come across…