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Home” Ecosystem” Aethir establishes $100M fund for AI and video gaming improvements
by
Estefano Gomez
Oct. 10, 2024
Grant program intends to support over 100 tasks, using sponsorship and GPU resources.
Aethir Ecosystem
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Aethir, a decentralized GPU cloud calculating business, has actually revealed the launch of the Aethir Catalyst, a $100 million mutual fund focused on speeding up the advancement of AI and video gaming jobs.
🔥 Big news Community,
We are extremely delighted to reveal an enormous $100 million Ecosystem Fund created to support vibrant, enthusiastic tasks with sponsorship and to promote AI and Gaming community development đź’Ą
The very first stage of our $100 million Ecosystem Fund includes pic.twitter.com/00lgF8byh7
— Aethir (@AethirCloud) October 10, 2024
The Aethir Ecosystem Fund, structured to support early-stage start-ups and business alike, consists of the Aethir Catalyst—– a devoted $20 million grant program backed by the Aethir Foundation.
Aethir Catalyst grants, granted in ATH, Aethir’ s native energy token, are customized to satisfy the distinct requirements of each job. The program will disperse 336 million ATH tokens over the next year, similarly supporting both AI and video gaming efforts to assist scale their operations.
Aethir detailed its dedication to breaking down barriers for AI and video gaming designers, especially those dealing with difficulties with high-performance computing.
As part of this effort, Aethir is using its extensive cloud network, powered by over 43,000 GPUs and 3,000 NVIDIA H100 GPUs, to offer vital calculate resources.
By assigning $20 million from the Aethir Foundation’ s $ 100 million fund, we’ re making sure the most appealing AI and video gaming business have the resources they require to flourish,” stated Mark Rydon, Aethir’ s Chief Strategy Officer.
The effort is anticipated to support over 100 jobs, with a concentrate on 4 classifications: video gaming innovators, pre-launch tasks, AI-integrated business, and cloud video gaming platforms. Each application is assessed based upon development, development capacity, calculating requirements, and neighborhood effect.
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