The decentralized cloud service io.net has announced a partnership with Render Network (RNDR) to expand AI-focused GPU suppliers. As part of the “Early Suppliers Incentive Program”, the partnership will distribute up to 1.14 million RNDR ($2.60 million).
Essentially, io.net aims to expand its Decentralized Physical Infrastructure Network (DePIN) for Artificial Intelligence (AI) by onboarding more GPU Suppliers. Meanwhile, Render will bring its existing network of distributed GPU suppliers who will support the goal of creating the world’s largest DePIN.
Notably, Render Network community members with consumer-grade GPUs (Nvidia RTX 4090 or below) with fewer than 25 nodes will be eligible for enhanced rewards from this moment on.
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According to information shared with Finbold, the partnership will issue RNDR rewards in phases over a total of eight weeks. At this first moment, there are 300,000 RNDR tokens ($700,000) available for distribution.
What is next for AI GPU Suppliers and the Render Network?
The partnership believes that, by becoming suppliers of io.net, Render node use cases will expand beyond current applications.
“Our partnership with the Render Network will give us access to Render’s community of quality consumer-grade GPUs while we expand their nodes’ use cases beyond rendering to ML applications. This partnership will strengthen both of our offerings, and we look forward to work together. We are excited to launch at Breakpoint and expand to meet the needs of the incredible growth of AI and ML.“
— Ahmad Shadid, CEO of io.net
Interestingly, the rise of AI has exponentially increased demand for GPUs. Increasingly complex machine learning models are causing GPU demand to surge by 10 times every 18 months, according to io.net. While model training costs are rising by 3,100% per year.
In this context, the specialized cloud service provider is looking to meet this demand through the announced partnership. Moreover, this is accomplished by partnering with independent GPU suppliers and distributed computing projects such as Render Network.
