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Decentralised GPU cloud computing firm Aethir is to deploy a $100m fund through the issue of 336 million ATH tokens in a bid to accelerate advancements in artificial intelligence (AI) and gaming technology. The Aethir Ecosystem Fund will aim to provide startups and enterprises with access to high-performance GPU resources. The fund builds on the Aethir Catalyst programme, which has allocated $20m across 100 projects via grants and subsidies. The initiative also includes a subsidy programme that offers up to 35% off-platform GPU service costs.

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Aethir, a company that deals with decentralized graphic processing unit (GPU) cloud computing, is launching a $100 million fund to speed up progress in the fields of artificial intelligence and gaming. The program, called the Aethir Ecosystem Fund, is aimed specifically at startups and enterprises that need access to the high-performance GPU resources necessary to develop advanced technology.

The plan is to distribute 336 million ATH tokens over the next year, focusing equally on artificial intelligence and gaming projects. This big cash injection into these sectors is really to make sure even smaller players have the resources they need to make big strides in gaming and AI.

The groundwork of this fund is the Aethir Catalyst program, which has allocated $20 million to support over 100 projects through grants and subsidies. The goal is to make GPU access more affordable and easier to handle financially for companies in these areas.

A total of 336 million ATH tokens, split down the middle between AI and gaming projects, will be used to create partnerships and drive forward innovation in a range of different areas. Another aim is to bring down computing costs for companies integrating AI, machine learning or popular gaming applications.

Apart from just grants, the fund also provides a subsidy program. This can cover up to 35% of off-platform GPU service costs, enabling companies to access high-performance computing without any big upfront costs.

Recently, on June 25, Aethir joined forces with MetaGravity, a company that developed the HyperScale Engine. The idea here is to speed up the development of decentralized physical infrastructure networks (DePINs). This partnership was established to enhance the 3D internet and gaming industry through this DePIN technology, creating a scalable infrastructure to make gaming development simpler.

Source: Cointelegraph