Aethir Unveils $100M Fund to Boost AI and Cloud Gaming Projects

• Aethir’s $100M fund supports AI and cloud gaming developers with grants and access to high-performance GPU resources.
• The Aethir Catalyst program focuses on reducing computing costs for over 100 AI and gaming projects through subsidies.

With the release of its $100 million Ecosystem Fund, a strategic endeavor meant to hasten expansion in the AI and cloud gaming sectors, Aethir has created waves in both areas. Announced as part of the Aethir Catalyst program, this fund aims to provide early-stage entrepreneurs as well as established businesses with both vital computational and financial tools.

🔥 Big news Community,

We are super excited to announce a massive $100 million Ecosystem Fund designed to support bold, ambitious projects with financial backing and to stimulate AI and Gaming ecosystem growth 💥

The first phase of our $100 million Ecosystem Fund features… pic.twitter.com/00lgF8byh7

— Aethir (@AethirCloud) October 10, 2024

Aethir Provides Scalable GPU Solutions for AI and Gaming Development 

The fact that this program offers GPU access—which is very vital for developers working on advanced cloud gaming platforms and AI-driven projects—is among its most important characteristics. Over the following year, the fund intends to issue 336 million ATH tokens, guaranteeing fair support for both gaming projects and artificial intelligence.

Designed to meet the rising need for high-performance computing, this new ecosystem fund helps businesses attempting to scale their operations across a barrier usually encountered.

Combining distributed cloud computing with over 43,000 GPUs—including 3,000 NVIDIA H100 GPUs—Aethir is positioned to provide dependable, scalable solutions for its partners.

With up to 35% subsidies on GPU services, the fund will also assist businesses in cutting their expenses—a major benefit for startups needing great computing capability but with little resources.

Chief Strategy Officer Mark Rydon of Aethir underlined that the program aims to level the playing field for inventors. Focusing especially on four categories of projects—game innovators, pre-launch businesses, AI-integrated organizations, and cloud gaming platforms—Aethir hopes to help more than 100 initiatives.

The choosing criteria will take into account elements including the roadmap of a firm, user potential, and general success indicators.

Driven by developments in machine learning, artificial intelligence inference, and Web2 technologies, Aethir’s choice to start this fund is a timely reaction to the growing need for AI and cloud gaming capabilities.

Aethir makes sure developers may concentrate on innovation instead of infrastructure by lowering computer expenses and offering direct financial support.

Beside that, CNF reports that Aethir has worked with Filecoin to solve the worldwide GPU shortfall. Along with strengthening AI and Web3 infrastructure, this integration increases Filecoin’s distributed data processing and storage capacity.

Filecoin gains from better GPU power thanks to Aethir’s support, which increases its efficiency in managing big data chores.

Meanwhile, Aethir’s native token, ATH, is trading at $0.05949 at the time of writing, up 7.53% over the last seven days, therefore increasing its market cap above $240 million.