bitsCrunch Acquires Nidum AI to Establish a Global Network of High-Performance AI Compute Nodes

Blockchain analytics firm bitsCrunch has acquired Nidum AI, a decentralized AI computing platform, to establish a global network of high-performance AI compute nodes

Blockchain analytics firm bitsCrunch has acquired decentralized AI computing platform Nidum AI to launch a global network of high-performance AI compute nodes, the company announced on Wednesday.

The acquisition will see Nidum AI's distributed computational resources integrated into bitsCrunch's operations, aiming to amplify AI-driven analytics for blockchain applications.

Along with the purchase, bitsCrunch unveiled a decentralized AI ecosystem, where its BCUT/USD token will be the sole currency for accessing services within this network.

The deal brings Nidum AI's infrastructure—connecting AI developers with computational power throughout the world—under bitsCrunch's umbrella, a move focused on the latter's expertise in blockchain forensics and data insights.

This ecosystem will utilize Tensor and Pipeline parallelism to split complex AI tasks across multiple nodes, aiming for faster model training and inference for applications like fraud detection and risk assessment.

bitsCrunch claims this structure will cut costs to roughly 1/100th of competitors like OpenAI and Grok, but independent verification of this cost differential is still pending.

The $BCUT token, already listed on exchanges like ByBit, KuCoin, and Uniswap UNI/USD, will be used for payments within this ecosystem, tying its utility directly to the network's functionality.

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Vijay Pravin, Founder and CEO of bitsCrunch, highlighted the strategic nature of the acquisition and its implications on a global scale.

"This strategic acquisition showcases the magnitude of our ambition to be a leading force in decentralizing AI," he said, noting how Nidum AI will be India's answer to centralized AI giants like OpenAI."Our native $BCUT token will be the exclusive currency of a thriving, decentralized AI marketplace," he added, highlighting the token's role in linking users and developers.

This ecosystem will cater to financial institutions, regulators, and investors, offering tools for real-time compliance and threat detection in digital transactions.

The acquisition follows bitsCrunch's work in multi-chain analytics, where it serves retail and institutional clients with AI-powered forensics.

Nidum AI's technology will add a layer of distributed computing power, potentially expanding bitsCrunch's reach into industries requiring scalable AI, like advertising, gaming, and new materials discovery.

However, the success of this integration will depend on execution—connecting a global developer base with compute resources presents logistical and technical challenges.

Competing platforms like io.net IO/USD and Gaia GAIA/USD are also vying for dominance in decentralized AI computing, raising questions about how bitsCrunch will differentiate itself beyond its cost claims.

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