Theta Network Unveils EdgeCloud: Revolutionizing AI Computing with Hybrid Hybrid Cloud-Edge Platform

Theta Network introduces Theta EdgeCloud, a groundbreaking hybrid computing platform designed for AI, video, and rendering applications. Driven by the surge in AI adoption, rising video demand, and the need for modular computing solutions, EdgeCloud harnesses the power of distributed CPU and GPU nodes alongside cloud-based architecture. By optimizing price-to-performance ratios, Theta aims to democratize access to high-performance computing resources, fostering innovation and efficiency across industries and creative endeavors.

Theta Network Unveils EdgeCloud, a Revolutionary Hybrid AI Computing Platform

LOS ANGELES, May 1st, 2024 – Theta Network, the trailblazing blockchain decentralized cloud for artificial intelligence (AI), media, and entertainment, proudly announces the launch of Theta EdgeCloud. This groundbreaking hybrid computing platform stands as the first of its kind, specifically designed to cater to AI, video, and rendering applications.

Theta EdgeCloud emerges at a pivotal moment in the industry, driven by three major trends:

• The Ubiquitous Adoption of AI: AI is rapidly permeating various sectors, with its growth projected to increase tenfold by 2030.
• Exponential Demand for Video and 3D Rendering: Global consumption of high-resolution video and 3D rendering content is soaring.
• Need for Modular Infrastructure Compute Services: The surge in computation data necessitates scalable and flexible infrastructure compute services.

Theta EdgeCloud harnesses the untapped potential of a vast network of distributed CPU and GPU nodes spanning the globe, complemented by a sophisticated cloud-based architecture. The platform optimizes price-to-performance ratios across these nodes, democratizing access to high-performance computing resources and fueling innovation and efficiency in multiple industries and creative endeavors.

A Global-Scale Hybrid Edge-Cloud Compute Network

EdgeCloud boasts one of the largest hybrid edge-cloud compute networks in the world. It seamlessly integrates high-performance cloud-based Nvidia A100, V100, and T4 GPUs from partners such as Google Cloud with Theta's decentralized network of over 10,000 global edge nodes.

The Theta Edge Network comprises one of the largest clusters of distributed GPU computing power in existence. Its high-performance GPUs, including Nvidia 3090s to 4090s, deliver an astounding 36,392 TFLOPS. Medium-tier GPUs offer an additional 28,145 TFLOPS, while low-end GPUs contribute 13,002 TFLOPS. Collectively, this amounts to approximately 77,538 TFLOPS, roughly equivalent to 250 NVIDIA A100s, constantly available.

"The market for computing services is poised for substantial growth in the coming decade, propelled by AI applications across industries. Enterprise spending on cloud infrastructure services surpassed $74 billion in 2023, with generative AI being a key driving force," said Mitch Liu, co-founder and CEO of Theta Network. "We are thrilled to launch the first hybrid cloud-edge AI computing platform powered by one of the largest distributed GPU networks and the leading Web3 community for AI, media, and entertainment."

Unleashing the Potential of Generative AI

EdgeCloud provides the global-scale edge network and cloud-based GPU infrastructure required to execute today's most advanced AI models. Chatbots like ChatGPT and large language models are computationally intensive, but emergent generative AI models, such as text-to-video, text-to-3D, and sketch-to-3D, demand exponentially more computational power. EdgeCloud's combined GPU compute capacity is sufficient to concurrently run over 300-1000 AI models.

At launch, AI developers can readily deploy popular generative AI and large language models, including Stable Diffusion, Llama 2, and Mistral, as well as their custom models. EdgeCloud grants users direct access to crucial GPU resources, including NVIDIA A100s, V100s, T4s, and other GPUs, complemented by comprehensive dashboards and metrics tailored to their specific business use cases. EdgeCloud will initially offer a dozen open-source AI models, representing industry leaders with millions of downloads:

• Large Language Models (LLMs): Mistral-8x7B, Mistral-7B, Google Gemma-7B, Meta Llama-2—7B
• Image Generation: Stable Diffusion XL (SDXL) Turbo, ControlNet
• Text-to-Video: Stable Video Diffusion
• Speech Recognition: OpenAI Whisper
• Code Generation: CodeLlama

Theta plans to launch its hybrid cloud decentralized GPU marketplace later this year, fully integrated into the EdgeCloud platform. This integration will allow AI developers and enterprises alike to train, fine-tune, and deploy open-source and custom models seamlessly across cloud partners, decentralized GPU edge nodes, and data center partners.

User-Friendly Showcase and Essential Tool Support

EdgeCloud features a generative AI showcase that enables free interaction with multiple GenAI models for end users and community members. This provides a valuable trial experience, allowing users to witness how novel AI applications can be developed on the platform.

EdgeCloud seamlessly supports Jupyter Notebook, an indispensable web-based interactive computing/coding tool for AI model development. Customers and partners can immediately begin utilizing the platform with complete Stripe payment integration, with TFUEL payment support to be added shortly.

About Theta Labs

Theta Labs is the visionary creator of Theta Network, the leading blockchain decentralized cloud for AI, media, and entertainment. Theta EdgeCloud is the first hybrid cloud-edge computing AI platform, powered by the Theta Edge Network with its extensive network of over 10,000 active global edge nodes and 80 PetaFLOPS of consistently available distributed GPU compute power. Theta ranks among the top 10 DePIN blockchains by market capitalization on both Coinmarketcap and Coingecko and is recognized as one of the leading AI tokens on Binance.com. Theta Video API is a turnkey Web3 video API for developers, offering significantly reduced video transcoding and content delivery costs. Theta's Web3 infrastructure, including the ThetaDrop NFT marketplace and Theta Web3 Theatre, empowers entertainment companies to generate new revenue streams and enhance community engagement.

Supported by industry giants such as Google, Samsung, Sony, Creative Artists Agency, and Binance, Theta's enterprise validator and governance council comprises global market leaders. Theta has forged partnerships with renowned entertainment brands, including Lionsgate, MGM, Katy Perry, American Idol, The Price is Right, Taste of Home, and many others. Popular platforms leveraging Theta's Web3 infrastructure include MetaCannes Film3 Festival, FuseTV, CONtv Anime, WPT, PetCollective, FailArmy, and various OTT streaming services. Theta's strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments, and CAA.

Contact Information

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