Is Decentralized Computing the Key to Cost-Effective AI Development?

Iamcrypticguy

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Quote from: shinratensei_ on June 12, 2024, 04:56:01 AM

I think it is, if it can effectively lower the cost of computing for those AIs that are computing power hungry it can succeed, project like IO.NET and render, personally I don't know how effective they are battling against services like aws, google cloud platform and so on, what I know is that, it takes so many investment for a company to build computing power provider with all those industrial GPUs.
If its truly effective surely it will have its own place in the market.

I personally kinda bullish with these tokens like RNDR and IO, it fits the narrative of future with AI and seems like they are already reserving places. pretty sure they gonna pump in the future once there's big leap of technology in AI sector its only matter of time anyway.
so I'm currently contemplating on which one to invest, knowing that although IO just has been recently released, the FDV already nearing RNDR. which means there might be not really much room to grow for its prices. also the price hardly tanks, i'm waiting sub $3 if possible but that doesn't seem to be the case.
other people also figured out that these kind of coin are future proof probably knowing the development of AI.

I had same idea. Waited but right now seemed I made the wrong decision. Volumes is rapidly spiking and price went from sub 3 to over $5 in less than 48hrs of listing..

jrrsparkles

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Looking from the other end, how is it going to be profitable if they are giving it for a cheap cost, I mean if the hosting services do the same for expensive then I bet that's much cost needed to take care of things unless the resources used here are economical too from electricity, hardware, internet.

Apart from that I like the idea, which seems logical and if they find a way to make it possible and have decent computing power then the chances of them being successful is on the cards.

legiteum

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Decentralization increases the amount of computing power needed to accomplish the same thing, so I'm not sure what benefit there would be to decentralizing AI development.

shinratensei_

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I think it is, if it can effectively lower the cost of computing for those AIs that are computing power hungry it can succeed, project like IO.NET and render, personally I don't know how effective they are battling against services like aws, google cloud platform and so on, what I know is that, it takes so many investment for a company to build computing power provider with all those industrial GPUs.
If its truly effective surely it will have its own place in the market.

I personally kinda bullish with these tokens like RNDR and IO, it fits the narrative of future with AI and seems like they are already reserving places. pretty sure they gonna pump in the future once there's big leap of technology in AI sector its only matter of time anyway.
so I'm currently contemplating on which one to invest, knowing that although IO just has been recently released, the FDV already nearing RNDR. which means there might be not really much room to grow for its prices. also the price hardly tanks, i'm waiting sub $3 if possible but that doesn't seem to be the case.
other people also figured out that these kind of coin are future proof probably knowing the development of AI.

peter0425

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Quote from: Tycoon01 on June 11, 2024, 02:01:36 PM

They're creating a decentralized marketplace for unused processing power from things like data centers, miners, and even personal computers. Basically, they're building a giant network of unused power that people can rent for their AI projects, potentially at a lower cost.

Decentralized services definitely have its own advantages compared to centralized ones. Like what you said, customers will be able to access and use these services for a much lower price. Not to mention the privacy it offers which nowadays is what a lot of people are looking for in purchasing services or software.

Quote

Traditionally, cloud services like Amazon Web Services or Google Cloud Platform have been used, but decentralized approaches like IO.NET offer potentially lower costs and more user control.

Despite having its own advantages, there are still potential risks that need to be carefully analyzed and improved. One of many is security risks. Individually speaking, each node might be vulnerable to cyber-attacks and information extraction.

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I'd love to hear your thoughts on this approach, if it could be a game-changer for cost-effective AI development?

I definitely think that it is a game changer especially if perfected and challenges are minimized

Hispo

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To be honest with you, this kind of reminds me the case of Siacoin and all those other alternative coins whose objective were about building a decentralized storage network for people to use, instead the traditional and centralized solutions, like Google Drive, Dropbox or Mega.
What happened in the end is that the average costumer of the storage spare does not seem to care whether their information is being kept in a decentralized/more private way or not. The consumer it is very pragmatic, they just want services to work smoothly and have access to what they need, going through the less previous steps possible. Unfortunately, big companies like Google, Apple, Amazon and Microsoft have accustomed us to have all our information (and now Artificial intelligences) at the reach of our hands with little friction.

I am afraid decentralized Artificial intelligences will meet a similar face those decentralized storage coins met and stay irrelevant, specially as big corporations continue to develop faster than independent developers which wish to push forward a project. The budget difference is huge.

goldkingcoiner

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I agree with the above poster. Also, why does it have to be decentralized? What are the advantages here?

NeuroticFish

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Quote from: Tycoon01 on June 11, 2024, 02:01:36 PM

If you're into AI or machine learning, you know how crazy expensive it can get when you need serious computing power. I came across a project called IO.NET and would like to know your thoughts on their approach to tackling this issue.

They're creating a decentralized marketplace for unused processing power from things like data centers, miners, and even personal computers. Basically, they're building a giant network of unused power that people can rent for their AI projects, potentially at a lower cost.

Traditionally, cloud services like Amazon Web Services or Google Cloud Platform have been used, but decentralized approaches like IO.NET offer potentially lower costs and more user control.
I'd love to hear your thoughts on this approach, if it could be a game-changer for cost-effective AI development?

In theory it sounds interesting. In reality I see some problems.

First of all, I see a rights problem. Anybody smart enough will not allow others' program just run on their computer pretty much unattended and doing who-knows-what. Unless the program is open source, of course, but in my quick look on that site I've seen only nice graphics and big words. There may also be specialized miners taking this offer, but then it has to be better than actual GPU mining costs. And this means bye-bye to actually being cheap computing power.

Then, unless it's actual miners, people may not like their computer being used at random moments when there is need for that computing power (or is it needed 24/7??) and this may not go great if the average Joe just stops the app randomly because he needs the computer for something else (e.g. gaming). Or it will need quite a big amount of redundant use of processing power (making it less cost efficient).

So I see that website as something that would like to be a marketplace for selling/buying processing power, with nice words in there, but not much else. I expect that their "agent" will not be open source, and then it may not be so easy to find people willing to rent their GPUs for cheap.

Tycoon01

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If you're into AI or machine learning, you know how crazy expensive it can get when you need serious computing power. I came across a project called IO.NET and would like to know your thoughts on their approach to tackling this issue.

They're creating a decentralized marketplace for unused processing power from things like data centers, miners, and even personal computers. Basically, they're building a giant network of unused power that people can rent for their AI projects, potentially at a lower cost.

Traditionally, cloud services like Amazon Web Services or Google Cloud Platform have been used, but decentralized approaches like IO.NET offer potentially lower costs and more user control.
I'd love to hear your thoughts on this approach, if it could be a game-changer for cost-effective AI development?

Topic: Is Decentralized Computing the Key to Cost-Effective AI Development? (Read 92 times)