Quick take:
Aethir offers a comprehensive suite of tools and services for developing, testing, and deploying GPU-accelerated applications in AI, cloud computing and edge computing.
The company will now begin the final phase of the development of its compute aggregation software ahead of the mainnet launch of the Aethir Network Protocol.
Aethir’s GPU solution is already being used by publishing platforms like Sequence, MetaGravity, GameSwift, and Magic Eden.
Aethir, the decentralised Graphic Processing Unit (GPU) solutions provider recorded $36 million in its first year of operation, according to a press release shared with NFTgators.
According to Aethir, the growing demand for enterprise-ready compute resources in AI and gaming drove a 10% Month-over-Month revenue growth to Aethir’s Platform-as-a-Service (PaaS) offering.
The company offers a comprehensive suite of tools and services that can be used in developing, testing, and deploying GPU-accelerated applications in artificial intelligence, cloud computing and edge computing.
The revenue milestone sets the stage for Aethir to move to the next phase of its product deployment as it prepares for a mainnet launch of the Aethir Network Protocol.
The company is trying to address one of the biggest challenges of traditional GPU solutions, including high costs, limited scalability and vulnerabilities. Its distributed GPU infrastructure enables more AI use cases for enterprises including “Large Language Model (LLM) Training, VFX and Digital Avatar Rendering, and Multi-Trillion Parameter Models,” Aethir wrote in a press release on Tuesday.
“Efficient resource distribution will be critical for driving innovation and scaling AI and cloud-based gaming and entertainment applications,” said Mark Rydon, co-founder and Head of Strategy at Aethir. “This new milestone indicates the market’s need for more accessible computing resources and the ability for a decentralized, collective resource pool to deliver a more robust, flexible, and accessible infrastructure for GPU-intensive tasks.”
Aethir says its solution has already been adopted by some of the largest telecommunications companies, studios and game publishers over the last 12 months, with its coordinated software layer helping some of them cut GPU costs by up to 60% whilst delivering seamless access to high-quality GPU computing that is secure, performant and stable.
Some of the notable early adopters of Aethir’s decentralised GPU solution include Sequence, MetaGravity and GameSwift. In April, Aethir teamed up with Magic Eden to create a unified Web3 gaming ecosystem that leverages Aethir’s enterprise-grade GPU infrastructure and Magic Eden’s NFT platform.
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The post Aethir Records $36M in Revenue for First Year of Operation appeared first on NFTgators .