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IET is focused on building a decentralized compute network to address the growing demand for AI computational power. The current centralized models are limited by availability and high costs. IET aims to aggregate underutilized resources, allowing consumers to lend their GPUs and earn rewards. This model is positioned as a disruption to traditional cloud providers like AWS, and the underlying blockchain technology enhances scalability and security. The future involves expanding network participation and evolving toward a decentralized autonomous organization (DAO) structure to ensure community involvement and governance.
Tori discusses the transformative impact of blockchain technology on traditional industries.
The demand for compute power is accelerating, outpacing traditional cloud providers.
IET's model rethinks access to compute power, likened to an 'Airbnb for GPUs'.
The shift to decentralized compute networks challenges traditional governance frameworks. By leveraging blockchain, IET enhances transparency and accountability among compute providers. However, ensuring compliance with regulatory standards will be essential as decentralized models gain traction.
The rapid growth of AI capabilities amplifies the need for scalable solutions, positioning IET favorably against giants like AWS. The company's approach to aggregate underutilized computing resources presents a compelling investment opportunity within the expanding AI market, as it directly addresses a critical supply-demand imbalance.
IET's approach seeks to utilize under-utilized computing resources to create a more efficient network.
Blockchain underpins IET's decentralized network, ensuring scalability and low-cost transactions for computing resources.
IET aims to leverage consumer GPUs to fulfill the growing demand for AI computing.
IET seeks to disrupt AWS's dominance in the cloud market through innovative decentralized computing solutions.
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Solana enables IET's platform to process a high volume of transactions efficiently.
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