Aethir’s GPU Network Records $36M in First-Year Revenue

cryptonews.com:

Aethir, a firm specializing in decentralized graphics processing unit (GPU) cloud infrastructure, announced today it has recorded $36 million in revenue over the past 12 months.

This firm said it is seeing growing demand for compute resources in AI and gaming sectors, fueling a 10% month-over-month revenue growth for Aethir’s Platform-as-a-Service (PaaS) offering.

Following this milestone, Aethir said it is gearing up for the final phase of protocolizing its compute aggregation software. The firm will begin preparing for the mainnet launch of the Aethir Network Protocol.

This transition marks a significant step in Aethir’s mission to revolutionize the landscape of GPU computing infrastructure.

“Efficient resource distribution will be critical for driving innovation and scaling AI and cloud-based gaming and entertainment applications,” said Mark Rydon, co-founder and head of strategy at Aethir.

“This new milestone indicates the market’s need for more accessible computing resources and the ability for a decentralized, collective resource pool to deliver a more robust, flexible, and accessible infrastructure for GPU-intensive tasks,” adds Rydon.

Traditional centralized GPU infrastructure has long grappled with several critical challenges, such as high operational costs, limited scalability, and susceptibility to vulnerabilities.

Aethir claims its approach with a “distributed” GPU infrastructure addresses these issues head-on. By decentralizing computing power. Aethir said it reduces costs and improves scalability mitigating the risks associated with centralized systems.

This distributed model uses a network of diverse devices, from servers to individual computers, all contributing their GPU processing power to a collective