Aptos Labs, the company behind the Aptos blockchain ecosystem, has formed a partnership with io.net, a decentralized GPU compute solutions provider, to democratize access to artificial intelligence (AI) resources. As the demand for AI technology continues to surge, venture capital firms are increasingly investing in this rapidly growing sector.
According to a press release shared with crypto.news, io.net and Aptos Labs will collaborate on developing a range of AI models and inference products to be released on the Aptos networkNetwork The set of computers connected to each other, called nodes, on which the blockchain of a specific cryptocurrency is based.. These products will utilize the Aptos network for facilitating payments.
The partnership is further strengthened by io.net’s BC8.ai, a generative AI product already utilizing Aptos for processing over 500,000 transactionsTransaction Exchange of value, property, or data between two parties. daily. This success has prompted io.net to deepen its collaboration with Aptos. Mo Shaikh, Head of Aptos Labs, highlighted the shared vision of both entities to de-risk and decentralize AI applications on the Aptos platform.
Meanwhile, venture capital firms are increasingly interested in AI technology, with a notable portion of funding being allocated to AI companies. In February, over $4.7 billion was invested in AI companies, representing a substantial increase from previous months, according to data from Crunchbase. This heightened interest underscores the potential for growth and innovation in the AI sector. (Source: Crypto.news)