Kite AI Partners with GAIB to Create AI Marketplace for Open Data and GPU Power
San Francisco, California, December 16th, 2024, Chainwire
Kite AI, a provider of decentralized AI infrastructure, has partnered with GAIB, the economic backbone for the future of AI and compute, to create a decentralized AI ecosystem where high-quality datasets, models, and compute resources are widely accessible, leveraging blockchain for secure, fair data indexing and creating a decentralized and liquid market for compute assets like GPUs.
The partnership aims to integrate blockchain for secure data sharing and build a financial ecosystem where stakeholders can monetize AI-related assets through DeFi tools like GPU-backed stablecoins and lending markets. Through their collaboration, both are tackling issues plaguing GPU compute and data crucial to AI development that are typically controlled by large corporations, restricting access for smaller players and hindering industry innovation.
“In the AI era, compute is the new currency, and GPUs are the new assets driving this currency,” said Kony Kwong, Co-founder and CEO of GAIB. “Partnering with Kite AI allows us to dismantle barriers for people to access the marketplace, unlocking new financial opportunities of the AI industry for all.”
With the proof of Attributable Intelligence Layer, Kite AI will make high-quality data, models, and AI agents accessible to all. This collaboration will also further GAIB’s vision of creating liquid, yield-bearing assets based on real AI cash flows, ensuring that the resources required for AI innovation are both accessible and monetizable. GAIB’s economic framework, which turns traditionally illiquid AI resources into tokenized, tradable assets, will provide unprecedented financial opportunities for data and AI stakeholders globally.
“We envision an AI landscape where innovation is driven by a diverse ecosystem of contributors, not monopolized by a few giants,” said Chi Zhang, Co-founder and CEO of Kite AI. “Our partnership with GAIB is a critical step toward that goal. Together, we’re building a decentralized, democratic, and trustless AI economy.”
This partnership is set to push the AI economy to its next iteration, democratizing AI innovation, and creating fair financial opportunities for stakeholders worldwide, ensuring that the benefits of AI are accessible and equitable. Together, Kite AI and GAIB are building the foundation for a future where AI innovation goes above centralized control, unlocking potential for all industry actors.
About Kite AI
Kite AI is the Proof of Attributable Intelligence Layer 1 that connects AI agents, models and data. Our innovative architecture establishes a universal framework with purpose-built identity and attribution mechanisms, empowering contributors—from enterprises to individuals—to collaboratively build, own, and monetize AI, fostering a transparent and interoperable ecosystem
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About GAIB
GAIB is the first economic layer for AI compute, creating a new type of yield bearing assets backed by real AI demands. It tokenizes enterprise-grade GPUs and their yields, creating a decentralized liquid market for GPU financing, addressing the growing demand for high-performance computing while giving investors direct exposure to GPU assets. The platform enables a variety of decentralized finance (DeFi) use cases to be built on top, including GPU backed stablecoins, lending and borrowing, options and futures, and various structured products.