Aethir has set up a $100 million fund for AI and gaming advancements

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Aethir, a decentralized GPU cloud computing company, has announced the launch of Aethir Catalyst, a $100 million investment fund aimed at accelerating the development of AI and gaming projects.

🔥 Big News Community,

We are very excited to announce a massive $100M Ecosystem Fund designed to support bold, ambitious projects with financial backing and drive the growth of the AI ​​and Gaming ecosystem 💥

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

— Aethir (@AethirCloud) October 10, 2024

The Aethir Ecosystem Fund, structured to support startups and early-stage enterprises, includes the Aethir Catalyst – a dedicated $20 million grant program supported by the Aethir Foundation.

Aethir Catalyst grants, awarded in ATH, the native Aethir utility token, are tailored to meet the unique needs of each project. The program will distribute 336 million ATH tokens over the next year, supporting both AI and gaming initiatives equally to help scale their operations.

Aethir detailed its commitment to removing barriers for AI and game developers, especially those facing high-performance computing challenges.

As part of this initiative, Aethir leverages its extensive cloud network, powered by more than 43,000 GPUs and 3,000 NVIDIA H100 GPUs, to provide critical computing resources.

“By committing $20 million of the Aethir Foundation’s $100 million fund, we’re ensuring the most promising AI and gaming companies have the resources they need to thrive,” said Mark Rydon, Chief Strategy Officer of the Aethir.

The initiative is expected to support more than 100 projects, with a focus on four categories: game innovators, pre-launch projects, AI-integrated enterprises and cloud gaming platforms. Each application is evaluated based on innovation, growth potential, computational needs, and community impact.

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