io.net, a project in the artificial intelligence niche, raised $40 million from several VCs, has the support of Solana Labs.

The IO.net project is a decentralized network of GPUs built on the Solana blockchain. IO.net aims to solve the computing resource crunch for artificial intelligence (AI) by providing scalable, geographically distributed, low-latency GPU clusters. This allows machine learning engineers to access the necessary computing power at a significantly lower cost than traditional centralized solutions

One of the key features of IO.net is the use of Decentralized Physical Networks (DePIN), where individual computers contribute their computing power to the network. This model enables more efficient use of resources and lowers costs for AI/ML developers

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