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Decentralized computing specialist io.net has teamed up with AI image and video platform KREA in a remarkable collaboration for AI-powered multimedia creation, Investing.com has learned.
The partnership expands KREA's customer base, which already includes industry giants such as Nike (NYSE:), Apple (NASDAQ:), FC Barcelona, Publicis Group and Meta (NASDAQ:), thereby gaining access to computing capacity for their AI initiatives.
“By onboarding GPU vendors and consumers, io.net operates a two-sided network for computing. This agreement not only allows AI-based startups to thrive, but also ensures that unused computing power is used efficiently, allowing GPU owners like crypto miners to maximize their revenue. “io.net ultimately aims to create a network of one million GPUs, enabling its customers to perform AI/ML computing tasks on demand,” the statement said.
KREA stands out in the field of generative art, offering a platform that allows users to quickly and easily create AI-powered images and videos. This functionality is made possible by integrating more than 2,500 machine learning models and meets the needs of leading design agencies and international brands.
The partnership aims to address the challenges KREA faces due to the global shortage of GPUs, which are essential for data processing in AI operations. Specifically, io.net will supply KREA with NVIDIA (NASDAQ:) A100-80Gs GPUs supported on Kubernetes, a framework commonly used by machine learning engineers.
This agreement is expected to enhance KREA's ability to process high-quality multimedia content to enable rapid scaling and meet the increasing demands of its network. The partnership also highlights io.net's ability to provide GPU computing resources at competitive prices.
KREA gets access to NVIDIA A100-80GB clusters at a price of $0.89 per hour, which is almost 70% less than the average market price of $3 per hour. This pricing strategy aims to keep AI platforms competitive in the market by reducing operating costs.
io.net has built a decentralized network of over 300,000 GPU providers from 139 countries, forming the world's largest decentralized physical infrastructure network (DePIN) focused on AI. This network provides cost-effective and scalable computing solutions to promote the utilization of unused computing power and enable GPU owners to optimize their revenue.
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