Beam

DeFi

Aethir, Beam Foundation, and MetaStreet have partnered to launch Tactical Compute, a $40 million initiative designed to meet the growing demand for computing power in artificial intelligence and blockchain. 
The initiative leverages Aethir’s decentralized GPU network, Beam (<a href="https://crypto.news/price/beam/" target="_blank">BEAM</a>) Investments, and MetaStreet’s DeFi infrastructure to create opportunities for monetizing compute resources. 
Tactical Compute will operate under Tactical Compute Holding Limited, focusing on compute-related opportunities such as hardware financing, private yield arbitrage, and network bootstrapping, as detailed in a Beam Medium <a href="https://medium.com/@onbeam/beam-foundation-aethir-and-metastreet-unite-to-launch-tactical-compute-a-40m-ai-compute-2f3bd1488eec" target="_blank" rel="nofollow">post</a>.&nbsp;&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/BeamFDN/status/1865041035102920779 
 </div>
</figure> 
These efforts center on meeting the increasing demand for computing resources while integrating crypto-based innovations. 
Tactical Compute plans to address this imbalance by finding profitable opportunities within the compute market. One example is “farming” Aethir (<a href="https://crypto.news/price/aethir/" target="_blank">ATH</a>) tokens, which is akin to earning credits for using Aethir’s GPUs, much like Microsoft’s Azure credits for its cloud infrastructure. 
 You might also like: <a rel="" href="https://crypto.news/hardly-money-former-ny-fed-chief-blasts-trumps-bitcoin-reserve/"> ‘Hardly money’: Former NY Fed chief blasts Trump’s Bitcoin reserve </a> 
<h2 class="wp-block-heading" id="industry-backing-and-goals">Industry backing and goals</h2> 
The Beam Foundation is contributing $5 million to the initiative alongside notable backers, including the Sophon Foundation.&nbsp; 
According to Daniel Wang, CEO of Aethir, the partnership “positions us to unlock new opportunities in compute resource monetization and drive innovation in scalable AI and decentralized technologies.” 
MetaStreet, through its development arm Permian Labs, brings its expertise in <a href="https://crypto.news/tag/DeFi" target="_blank">DeFi</a> tools for financing GPU-powered nodes. Co-founder David Choi noted that Tactical Compute “builds on our foundation by addressing the growing demand for compute infrastructure, driving innovation at the intersection of crypto, AI, and infrastructure.” 
 You might also like: <a rel="" href="https://crypto.news/despite-recent-rallies-solana-and-tron-investors-are-diversifying-with-this-new-altcoin/"> Despite recent rallies Solana and TRON investors are diversifying with this new altcoin </a>

BEAM Foundation launches $40m initiative for AI and crypto computing

Table of Contents

crypto.news

Other articles published on Dec 6, 2024

Crypto Market Experiences Significant Liquidations in a Day

Trump Taps David Sacks to Shape US Crypto and AI Strategy

SEC Set to Reject Spot Solana ETF Applications Amid Regulatory Concerns

M-Kopa’s Babajide Duroshola wins ‘Tech Personality of the Year’ award

$3 Billion in Bitcoin & Ethereum Options Expire Today: Volatility Ahead?

Can Bitcoin Surpass Gold’s Market Value?

Join our free newsletter for daily crypto updates!