CAMBRIDGE, UK / ACCESSWIRE / May 11, 2023 / Artificial Intelligence is already impacted by a shortage of heavy compute resources such as GPUs. Flux is building a new revolutionary ‘proof of useful work' system that will enable AI applications to tap into the massive GPU resources currently mining cryptocurrencies.
The design of the Flux tech stack as well as key partnerships positions Flux to be the leader in decentralized infrastructure for AI applications.
Artificial Intelligence (AI) is set to revolutionize our society, it can power automation on a scale not previously seen and create a productivity boost for governments, corporations and citizens alike. The AI market is forecast to see massive growth and is currently being heavily invested in by major tech corporations like Google, Microsoft and AWS.
AI applications require infrastructure that can make heavy computations, such as GPUs or specialized AI hardware like Nvidia Jetsons. AI applications also require massive amounts of storage as AI uses large data sets while also generating lots of data on its own.
Unfortunately, developers and businesses are already experiencing difficulties in securing infrastructure using the centralized cloud providers at Google, Amazon and Microsoft. With the huge demand on AI resources the supply is simply falling behind. The issue is further complicated by the ongoing global shortage of computer chips, a lingering effect of the COVID-19 pandemic.
So far centralized cloud providers have not been able to solve these infrastructure shortages. Building even larger centralized data centers only compounds the problems as the microchip and GPU supply chain becomes even more overheated leading to longer lead times and higher prices for everyone.
It is at this critical time that Flux, the Web3 decentralized cloud provider, is about to launch an entirely new product that will make massive amounts of GPU resources available on a highly scalable and low latency decentralized cloud platform.
Flux is pioneering a ‘proof of useful work' system that will allow clients to submit tasks to the massive amounts of GPUs that are currently used for cryptocurrency mining. There are currently about 200,000 GPUs already connected to the Flux network. And those GPUs are only a fraction of the combined GPUs currently in use for blockchain mining.
There is really no shortage of GPU infrastructure as the GPUs needed for AI are already out in the World. They just need the secure marketplace and cloud platform that Flux will provide. The Flux approach to providing cost-efficient, secure and scalable infrastructure for AI actually solves the problem instead of compounding it. With the circular economy approach, idle GPUs as well as storage can now be utilized for AI workloads, providing a new way to utilize existing resources all while having massive scalability.
Flux is about to revolutionize computing by shifting the resources previously used for cryptocurrency mining towards useful work like AI, Machine-learning and other compute intensive tasks.
Flux aims to become the premier Web3 cloud provider for anyone looking for cost-efficient cloud services, from individuals to large enterprises. While Flux is Web3-centric, it can participate in hybrid Web2/Web3 solutions to create flexible and desirable solutions for clients. Interested parties are welcome to reach out to Flux to learn more about the solutions offered by Flux and its partners at Lumen Technologies and OVHcloud.
About Flux
The Flux Web3 Cloud is a suite of decentralized computing services and blockchain-as-a-service solutions which offer an interoperable, decentralized, AWS-like development environment. Flux uses a native POW (Proof-of-Work) coin to power this ecosystem, supplying incentive for hardware hosters, governance on-chain, and bad actor mitigation via staking requirements for running hardware. The Flux operating system runs on top of Linux to provide the network with verified and benchmarked high-availability compute power and uses the blockchain to ensure transparency in governance operations. Flux node operators can choose from three tiers of hardware requirements to stand up after providing the necessary Flux capital soft-locked in their wallet. This allows anyone to be rewarded for supplying hardware to the network, from anywhere in the world. To learn more, please visit https://runonflux.io.
Media Contact:
Betty Kolibacova
CMO of Flux
[email protected]
SOURCE: Flux