Aethir sets up $100M fund for AI and gaming advancements

Key Takeaways

Aethir Catalyst features a $20 million grant program to help tech startups.
The fund will subject 336 million ATH tokens to help AI and gaming tasks.

Aethir, a decentralized GPU cloud computing firm, has introduced the launch of the Aethir Catalyst, a $100 million funding fund geared toward accelerating the event of AI and gaming tasks.

🔥 Massive information Neighborhood,

We’re tremendous excited to announce a large $100 million Ecosystem Fund designed to help daring, formidable tasks with monetary backing and to stimulate AI and Gaming ecosystem progress 💥

The primary section of our $100 million Ecosystem Fund options… pic.twitter.com/00lgF8byh7

— Aethir (@AethirCloud) October 10, 2024

The Aethir Ecosystem Fund, structured to help early-stage startups and enterprises alike, contains the Aethir Catalyst—a devoted $20 million grant program backed by the Aethir Basis.

Aethir Catalyst grants, awarded in ATH, Aethir’s native utility token, are tailor-made to fulfill the distinctive wants of every mission. This system will distribute 336 million ATH tokens over the subsequent 12 months, equally supporting each AI and gaming initiatives to assist scale their operations.

Aethir detailed its dedication to breaking down obstacles for AI and gaming builders, notably these dealing with challenges with high-performance computing.

As a part of this initiative, Aethir is using its expansive cloud community, powered by over 43,000 GPUs and three,000 NVIDIA H100 GPUs, to offer important compute assets.

“By allocating $20 million from the Aethir Basis’s $100 million fund, we’re making certain essentially the most promising AI and gaming corporations have the assets they should thrive,” stated Mark Rydon, Aethir’s Chief Technique Officer.

The initiative is predicted to help over 100 tasks, with a give attention to 4 classes: gaming innovators, pre-launch tasks, AI-integrated enterprises, and cloud gaming platforms. Every utility is evaluated based mostly on innovation, progress potential, computing wants, and group affect.