According to Titan Network, the cost of running AI hardware has opened up an unexpected way for AI companies to reduce expenses while allowing people to make money from their home technology.
The Internet infrastructure company said its software pools unused computing resources and rents them as a “decentralized cloud” to artificial intelligence companies, which pay less than they would if they bought capacity from large centralized providers.
Driving AI is big business. Software requires enormous computing resources, and data centers consume enormous amounts of energy to run machines and cool buildings. many bitcoins Mining companies have those setups and several, including MARA Holding (MARA) and Riot Platforms (RIOT), are pivoting to meet growing demand. On Monday, Alphabet (GOOG) said it planned to raise a whopping $80 billion to spend on AI infrastructure.
“We have two of the top 10 AI companies in the world using our products to achieve 75% cost savings in their infrastructure,” founder and chief strategy officer Konstantin Tkachuk said in an interview at the Proof of Talk conference in Paris.
The company now has 4 million connected devices worldwide and customers including Tencent, Alibaba and artificial intelligence video platform Kling AI, Titan Network said. About 1 million devices are online at any time.
Titan is not the first project to try to reduce costs by adding unused computing capacity in what is known as a decentralized physical infrastructure network (DePIN) system. Unlike platforms like Aethir and Akash Network, which target spare cycles on institutional servers, Titan says it partners exclusively with private citizens.
“Titan has cracked the code that no one else has done before, allowing everyday people to make money from the promising AI data infrastructure industry,” River Davis, creative director at Titan, told CoinDesk.
When large companies pay to use the network for data tasks like web scraping, data collection, or content delivery, Titan sends 80% of those corporate profits directly to the people who provide the devices and Internet bandwidth, who have downloaded a browser plug-in or some specialized software.
The project said it has already captured about 5% of the AI data market in Asia.
