Press Releases
February 26, 2024

io.net Joins Forces with Ritual to Level Up Global AI Compute Space

In Brief

Decentralized GPU network io.net has announced a strategic partnership with decentralized AI network Ritual.

February 26th, 2024 –– Decentralized GPU network io.net has announced a strategic partnership with decentralized AI network Ritual. The groundbreaking collaboration aims to harness and amplify existing synergies between the two platforms, marking a significant step forward in disrupting the AI compute sector.

io.net offers tooling to facilitate streamlined access to low-cost GPU compute capacity, and it’s io.net Cloud provides infrastructure and architecture for deploying decentralized GPU clusters sourced across multiple locations. Ritual, meanwhile, empowers users to seamlessly integrate AI models into their protocols, applications, or smart contracts with minimal coding effort.

Ahmad Shadid, founder of io.net, expressed enthusiasm about the long-term partnership: “After we were introduced to Ritual, there was an instant connection and the potential synergies between our projects became apparent. Ritual’s tooling, particularly their Infernet SDK and node client, aligns with our vision for enhancing GPU utilization and opening up new markets. We’re excited to see how the partnership will attract more developers and enable groundbreaking use-cases in AI compute.”

Ritual cofounder Akilesh Potti echoed Shadid’s sentiments, noting: “Joining forces with io.net represents a significant milestone for Ritual. Their extensive infrastructure and global compute access capabilities, combined with our AI stack, create a powerful synergy. Together, we are poised to unlock new possibilities and efficiencies to benefit developers and users alike.”

io.net plans to orchestrate Ritual’s Infernet SDK, Infernet node client, and Ritual Chain components, supercharging GPU utilization on io.net Cloud, attracting more developers and enabling a plethora of fresh use-cases and markets for the network

Ritual is currently building a sovereign chain for AI, utilizing software that enables decentralized inference, model marketplaces, and heterogenous proofs, along with modular tools that help bridge AI to on-chain workloads.

Through this technical partnership and coordination between both organization’s business teams, io.net and Ritual are aiming to elevate standards in the global AI compute space, offering more cost-efficient, accessible, and innovative solutions to users and AI/ML engineers.

About io.net

io.net deploys and manages on-demand, decentralized GPU clusters in the IO Network. IO Network is a decentralized physical infrastructure network (DePIN) of geo-distributed GPUs from multiple sources. Hundreds of thousands of GPUs are accessible today in IO Network, and this Internet of GPUs is specifically architected for low latency, high processing demand use cases like AI/ML ops and cloud gaming. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses. Access compute capacity for a fraction of the cost or become a capacity supplier at https://www.io.net.

Website | Documentation | Twitter | Discord | Telegram | LinkedIn

About Ritual

Ritual is a decentralized AI network that simplifies the integration of AI models into protocols, applications, and smart contracts on any chain with just a few lines of code. By building groundbreaking new architecture on a crowdsourced governance layer, Ritual aims to ensure AI is firmly stewarded by the people rather than corporations.Learn more: Website | Twitter

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About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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Gregory Pudovsky
Gregory Pudovsky

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

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