Solana
Solana-backed AI DePIN Io.net Launches IO Summit Keynote
June 4, 2024 – Singapore, Singapore
DePIN (Decentralized Physical Infrastructure Network) Io.net hosted its keynote at IO Summit.
The event, broadcast live on June 4, 2024, covered recent milestones of the project and discussed upcoming development plans.
Ahmad Shadid, CEO and Founder of Io.net, was joined by his leadership team to present the data-rich keynote.
The 40-minute show also included a number of high-profile guests such as Anatoly Yakovenko, founder of Solana, and Dr. Avery Ching, CTO of Aptos.
Io.net’s keynote updated the community on the project’s latest fundraising efforts, which raised $30 million in a Series A round in the first quarter.
It also details Io.net’s current valuation and its recent achievements in terms of growing adoption.
Ahmad Shadid said:
“The 2024 keynote was a great opportunity to recap our journey so far in scaling the Internet of GPUs, deploying Io.net Cloud, and the strong demand that exists for a DePIN capable of operating on a large scale.
“We are grateful to our community for all their support and are excited to share our technical vision for where Io.net is going next and the role it will play in accelerating AI innovation.”
Io.net’s keynote concluded with the team revealing details of the key utilities being developed for its DePIN.
About Io.net
Io.net is a DePIN that deploys and manages decentralized GPU clusters on demand from geodistributed sources.
Hundreds of thousands of GPUs are available on the IO Network today, and this Internet of GPUs is purpose-built for low-latency, high-processing use cases like AI/ML and gaming. in the cloud.
Io.net democratizes access to GPU computing capacity while reducing costs, accelerating timelines, and expanding choice for engineers and businesses.
Access compute capacity for a fraction of the cost or become a capacity provider on Io.net.
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