exaBITS, a company dedicated to supporting the AI and Web3 industry with its cutting-edge infrastructure, recently showcased its innovative distributed computing technology at the ChatGPT & AI x Web3 Opportunities forum in San Francisco. The event organized by AIGPT was attended by prominent companies and investment firms such as OpenAI, Coinbase, Google AI, Amazon AI and Hashkey.
During the event, exaBITS demonstrated the implementation and potential applications of its distributed computing technology as well as its exclusive AI technology. As the future of technological development, AI is currently hampered by the lack of computing infrastructure. ChatGPT (GPT-3.5), for example, reportedly costs tens of millions of dollars per year in cloud services, while the recently released GPT-4 will require billions of dollars in computing power per year. These high costs hinder the innovation speed of the AI industry. Additionally, the existing centralized infrastructure used to build computing power is unable to meet growing demand and is limited by cost and efficiency. In contrast, distributed computing power has numerous advantages, including unlimited computing power scalability, low cost, low hardware threshold, high efficiency, and zero downtime.
exaBITS uses the latest Internet development concept of computing power network to implement innovative technologies such as computing and network awareness, computing power quantity, computing power validation, computing power routing and computing power orchestration. This happened in a decentralized economic incentive system that allows everyone to participate in building a global distributed computing power network by configuring computing power nodes. exaBITS also uses its affordable AI technology to aggregate consumer-level graphics cards like Nvidia 3080/3090 and AMD MI50 for large-scale AI training. This solution reduces usage costs by more than 80% compared to using data center class graphics cards like A100 while significantly increasing available computing power.
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During the forum, experts from Google, Apple and Amazon had intensive discussions with the exaBITS team and expressed great interest in its distributed computing solution. They agreed that revolutionary breakthroughs in information productivity industries like AI and Web3 require the support of innovative enabling technologies like exaBITS. The team also provided a simple GPT demo application during the event, allowing attendees to easily set up a compute node using a “small black box”. You uploaded the application program to the node, completed the cloud deployment, and ran it. The entire application process was surprisingly easy and smooth compared to the complex technical system described by the team.
exaBITS plans to launch the first generation distributed computing power server and begin deploying global computing power nodes later this year. The implementation of distributed computing power networks will provide limitless energy for the innovation and development of the AI and Web3 industries.
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Company name: ExaBITs Network LTD.
Contact person: Roy
Email: send email
City: San Francisco
Country: United States
Website: https://www.exabits.xyz/
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