Achievements and Vision: Over the past year, io.net has made significant progress by developing the first platform for creating decentralized computing clusters, creating a global network of graphics processing units (GPUs), raising over $40 million, and becoming a leader in distributed computing. The company aims to capture a significant share of the multi-trillion dollar decentralized computing industry.
The need for decentralized computing: The rise of AI has led to a massive increase in demand for computing power, outpacing the capabilities of traditional cloud providers like AWS, Azure, and GCP. Decentralized networks like io.net provide a solution by pooling untapped GPUs globally, providing massive computing power, scalability, superior performance, censorship resistance, and cost efficiency.
Strategic priorities:
Revenue Growth: Leverage competitive advantages to drive significant revenue growth.
Enterprise-grade service: Delivering services that outperform traditional cloud standards at a lower cost.
Community Engagement: Engaging the community to foster innovation and resilience.
Improve block rewards: Working with the IOG Foundation to incentivize network participants.
Building a global team: Hiring top talent in cloud computing, web3 and AI.
Future plans:
Expand customer relationships: Increase usage of existing customers.
Build a sales base: Target AI and ML startups in the US, Europe, and Asia Pacific.
GPU Inventory Expansion: Expanding enterprise-grade GPU inventory.
Bundling Compute with Storage: Improve Customer Retention with Bundled Deals.
Building Channel Partnerships: Forming strategic alliances to drive growth.
Long-term strategy: io.net plans to innovate by developing new products and services, expanding into various AI sectors, and pursuing geographic expansion. The company aims to serve a broader range of customers, including large tech companies, academic institutions, and governments, putting it in a good position to capitalize on the potential of the generative AI market.
Conclusion: By focusing on these strategic priorities, io.net aims to strengthen its market leadership position, drive long-term value creation, and meet the growing demands of the AI industry.