GAIB platform raises $5M to build economic layer for AI computing

From Investing.com

December 4, 2024 08:30 AM:

GAIB, a platform for AI computing, completes $5 million pre-seed funding round led by Hack VC, Faction, and Hashed, with investments from Spartan, CMCC, Animoca Brands, and more. Funds will expand R&D, operations, and infrastructure to create a liquid market for enterprise-grade GPUs, bridging AI, GPU demands, and blockchain for decentralized finance use cases.

Founder and CEO Kony Kwong aims to transform GPUs and their yields into a tradable asset class, democratizing access to the trillion-dollar AI compute market. Partnerships with Aethir and io.net position GAIB as a pioneer in financial innovation for compute assets, enabling DeFi use cases like stablecoins, lending, options, and structured products.

Read more at Investing.com: GAIB Raises $5M Pre-Seed to Build the First Economic Layer for AI Compute By Chainwire