Here’s how one decentralized cloud provider says private citizens can make money from AI
Titan Network says its crowdsourced computing network has signed tech giants like Tencent and Alibaba as clients, saving them as much 75% on AI costs.
What to know:
- Titan Network says its software aggregates unused computing power from consumers’ connected devices into a decentralized cloud that offers AI firms infrastructure at up to 75% lower cost than traditional providers.
- The company, which counts Tencent, Alibaba and Kling AI among its clients, pays 80% of revenue from corporate data tasks like web scraping and content delivery to the individuals who share their devices and bandwidth.
- Titan focuses on private citizens and claims to have already captured about 5% of the AI data market in Asia.
Powering AI is big business. The software requires massive computing resources, and the data centers consume huge amounts of power to run the machines and cool the buildings. Many bitcoin mining companies have those setups and a number, including MARA Holding (MARA) and Riot Platforms (RIOT), are pivoting to serve the rising demand. On Monday, Alphabet (GOOG) said it planned to raise a whopping $80 billion to spend on AI infrastructure.
“We have two of the top 10 AI companies in the world using our products to realize 75% cost savings on their infrastructure,” Konstantin Tkachuk, founder and chief strategy officer, said in an interview at the Proof of Talk conference in Paris.
