io.net, a decentralized graphics processing unit (GPU) network, has announced a collaboration with Ritual, a decentralized artificial intelligence (AI) network, as per the latest information shared with Finbold on February 26.
The partnership is set to channel the similar efforts of the two platforms in disrupting the AI compute sector.
How can io and Ritual work together?
io.net provides tools to facilitate access to affordable GPU compute capacity, with its io.net Cloud platform offering infrastructure for deploying decentralized GPU clusters across multiple locations.
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On the other hand, Ritual enables users to seamlessly integrate AI models into their protocols, applications, or smart contracts with minimal coding.
Ahmad Shadid, the founder of io.net, expressed excitement about the partnership, stating:
“After we were introduced to Ritual, there was an instant connection and the potential synergies between our projects became apparent. Ritual’s tooling, particularly their Infernet SDK and node client, aligns with our vision for enhancing GPU utilization and opening up new markets. We’re excited to see how the partnership will attract more developers and enable groundbreaking use-cases in AI compute.”
– Ahmad Shadid, the founder of io.net
What the collaboration means for AI
Ritual is currently developing a sovereign chain for AI, utilizing software that enables decentralized inference, model marketplaces, and heterogeneous proofs. The company is also creating modular tools to bridge AI to on-chain workloads.
Akilesh Potti, Ritual co-founder, echoed his colleague’s sentiment, emphasizing the significant milestone this partnership represents for Ritual:
“Joining forces with io.net represents a significant milestone for Ritual. Their extensive infrastructure and global compute access capabilities, combined with our AI stack, create a powerful synergy. Together, we are poised to unlock new possibilities and efficiencies to benefit developers and users alike.”
– Akilesh Potti, Ritual co-founder
Through this technical partnership and collaboration between their business teams, io.net and Ritual aim to raise standards in the global AI compute space, providing users and AI/ML devs with more affordable, accessible, and innovative solutions.
