Aethir creates $100 million fund for advancements in AI and video games

Share this article

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

🔥 Great new Community,

We are very excited to announce a massive $100 million ecosystem fund designed to support bold and ambitious projects with financial backing and to 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 businesses, includes the Aethir Catalyst, a dedicated $20 million grant program supported by the Aethir Foundation.

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

Aethir detailed its commitment to breaking down barriers for AI and game developers, particularly those facing the challenges of high-performance computing.

As part of this initiative, Aethir is using its extensive cloud network, powered by over 43,000 GPUs and 3,000 NVIDIA H100 GPUs, to provide critical compute resources.

“By allocating $20 million from the Aethir Foundation’s $100 million fund, we are ensuring that the most promising AI and gaming companies have the resources they need to thrive,” said Mark Rydon, Director of Aethir’s strategy.

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

Share this article