Phoenix Global has released a major upgrade to its computing layer, known as SkyNet. This Web 3-based platform is designed to scale artificial intelligence (AI) and multi-party computation (MPC). Key points from the litepaper are highlighted below:

Current State of the Compute Layer

  • Rapid Growth: The compute layer has seen significant growth in usage, with a nearly 3x increase in the number of users and a 4x increase in AI and privacy computing jobs since March 20231.

  • AlphaNet Public Beta Launch: This launch has enabled the implementation of AI models in the trading market, which has boosted the growth of “Application Processes”.

SkyNet Update

  • Decentralization of Computing Resources: SkyNet will enable complete decentralization of computing resources, allowing various ecosystem participants (miners, enterprises, Phoenix community, gamers, etc.) to provide CPU/GPU resources in exchange for tokenized rewards.

  • Cost Efficiency and Scalability: SkyNet is expected to significantly reduce computing costs, with savings of up to 80% compared to traditional GPU-enabled cloud computing resources1.

Key Benefits

  • Accessibility and Democratization: The platform facilitates the deployment and scaling of AI models without the need to write code, using the Compute Layer Control Panel and the SDK for developers1.

  • AI Node Network: Utilizes AI-ready cloud computing resources from Phoenix's network of enterprise partners, including APEX Technologies, ByteDance, and Tencent Cloud