According to Titan Network, the operating costs of artificial intelligence hardware have opened up unexpected avenues for AI companies to reduce spending while allowing individuals to make money with their home technology.
The internet infrastructure company said its software pools unused computing resources and rents them out to AI companies in a “decentralized cloud” that they can use at lower rates than buying capacity from large, centralized providers.
Powering AI is big business. Software requires enormous computing resources, and data centers consume large amounts of electricity to run machines and cool buildings. Many Bitcoin mining companies are doing this, and many, including MARA Holding (MARA) and Riot Platforms (RIOT), are pivoting to meet the growing demand. On Monday, Alphabet (GOOG) announced that it plans to raise a whopping $80 billion to spend on AI infrastructure.
“Two of the top 10 AI companies in the world are using our products to reduce their infrastructure costs by 75%,” said Konstantin Tkachuk, founder and chief strategy officer, in an interview at the Proof of Talk conference in Paris.
Titan Network says it currently has 4 million connected devices worldwide and clients include Tencent, Alibaba, and AI video platform Kling AI. Approximately 1 million devices are online at any given time.
Titan is not the first project to try to reduce costs by aggregating unused computing power into so-called distributed physical infrastructure network (DePIN) systems. Unlike platforms such as Aethir and Akash Network, which target reserve cycles on institutional servers, Titan says it uniquely links to civilians.
Titan’s creative director River Davis told CoinDesk: “Titan has broken the code that no one has been able to achieve before, allowing ordinary people to monetize the emerging AI data infrastructure industry.”
When large companies pay for the use of its network for data tasks such as web scraping, data collection, and content distribution, Titan sends 80% of that company’s revenue directly to the people who provide the devices and internet bandwidth that download browser plug-ins and special software.
He said the project has already captured about 5% of Asia’s AI data market.
