TLDR
Bagel Network and Filecoin Foundation are partnering to enhance decentralized AI development.
Bagel’s GPU Restaking technology allows Filecoin storage providers to utilize both storage and computational resources.
AI developers can now train and store models using Filecoin network’s compute and storage capabilities.
This collaboration aims to make decentralized AI as efficient and cost-effective as centralized AI infrastructure.
The partnership addresses challenges in data storage and retrieval for AI workloads on decentralized networks.
Bagel Network, an AI and cryptography research lab, has announced a partnership with the Filecoin Foundation. This collaboration, revealed on July 8, 2024, aims to dramatically expand the computational capacity of decentralized AI, making it as efficient and cost-effective as centralized AI infrastructure.
This development addresses a longstanding limitation in the Filecoin ecosystem, where storage providers (SPs) were previously forced to choose between allocating their resources to either storage or compute networks.
Bagel’s decentralized compute network aggregator revolutionizes this approach. It enables Filecoin SPs to dynamically utilize both their storage and computational resources through Bagel’s decentralized machine learning (ML) platform. This flexibility significantly enhances the protocol’s ability to service AI developers.
Bidhan Roy, Founder and CEO of Bagel.net, emphasized the importance of this development:
“The future of AI is decentralized, open source and credibly neutral. As the leading decentralized infrastructure provider, the Filecoin network is ideal for Bagel to make decentralized machine learning possible by optimizing AI workload latency.”
The collaboration brings several key benefits to the AI development community and Filecoin SPs:
Enhanced Efficiency: AI developers can now train their models where their data is stored, reducing the overhead of AI workloads on decentralized networks.
Increased Flexibility: The partnership addresses critical challenges in data storage and retrieval, offering unprecedented flexibility for AI developers.
Improved Revenue for SPs: Filecoin storage providers can now monetize both their storage and compute resources, potentially increasing their revenue streams.
Optimized Resource Utilization: Bagel’s dynamic routing capabilities ensure efficient use of compute resources.
Accelerated Adoption: By providing a comprehensive solution for storing and processing ML workloads, the partnership is expected to drive faster adoption of decentralized AI technologies.
This collaboration comes at a time of growing interest in the intersection of Web3 and AI. A report by TenSquared found that by the end of 2023, over 6,900 blockchain+AI-related Github repositories and more than 539,000 Github pull requests had been created, highlighting the rapid growth in this sector.
Danny O’Brien, Senior Fellow at Filecoin Foundation, expressed enthusiasm about the partnership:
“We’re delighted Bagel Network is taking advantage of Filecoin’s unique qualities to advance the frontier of decentralized AI. This collaboration demonstrates Filecoin is a key primitive in the rapidly evolving AI and Web3 landscape, driving innovation and providing value to the Filecoin network’s storage providers and users.”
The integration of Bagel and the Filecoin network is set to provide the infrastructural backbone to service this growing industry. It marks a pivotal moment for decentralized artificial intelligence, positioning Bagel as one of the leading DePIN (Decentralized Physical Infrastructure Network) projects in the AI space.
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