Monday, December 23, 2024

Aethir, Beam Foundation, and MetaStreet Launch Tactical Compute for AI and Crypto Integration

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KEY TAKEAWAYS

  • Aethir, Beam Foundation, and MetaStreet have launched Tactical Compute, focusing on AI compute resources for cryptocurrency and AI projects.
  • The Beam Foundation plans to invest $5 million into Tactical Compute, supported by entities like the Sophon Foundation.
  • Tactical Compute aims to bridge traditional and crypto compute economics, raising up to $40 million to meet AI and decentralized system demands.

Aethir, Beam Foundation, and MetaStreet have announced the launch of Tactical Compute (TACOM), a new initiative focused on AI compute resources tailored for projects at the intersection of cryptocurrency and artificial intelligence. This joint venture aims to provide targeted exposure and support for these emerging technologies.

The Beam Foundation, through its subsidiary Beam Investments, plans to invest $5 million into Tactical Compute. This initiative is also supported by other notable entities, including the Sophon Foundation. The project seeks to address the growing demand for computing power, which has become increasingly scarce as AI applications and adaptive gaming technologies continue to evolve.

Leveraging Compute Resources for Crypto and AI

Tactical Compute will operate through Tactical Compute Holding Limited and will focus on compute-denominated opportunities. These include private yield arbitrage, hardware financing, and early network bootstrapping. The initiative aims to leverage its network and GPU capacity to facilitate optimal deals wherever there is a demand for computing power.

The inspiration for Tactical Compute came from observing significant deal flows within the technology industry, such as Microsoft’s acquisition of OpenAI, which was largely denominated in Azure credits. This highlights the critical role of computing power in modern business operations.

Bridging Traditional and Crypto Compute Economics

Tactical Compute aims to bridge the gap between traditional compute economics and crypto-native innovations. By doing so, it seeks to enable a future where infrastructure can meet the increasing demand for AI-driven applications and decentralized systems. The initiative plans to raise up to $40 million in capital and has established a robust network of partners to achieve this goal.

Among these partners is the Sophon Foundation, known for its entertainment layer built using zKSync technology. The foundation has expressed its support for Tactical Compute, ensuring that any demand for computing power is channeled through this new venture.

For more information, the full announcement can be found here.


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Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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