BEAM Foundation launches $40m initiative for AI and crypto computing

Aethir, Beam Foundation and MetaStreet have partnered to launch Tactical Compute, a $40 million initiative designed to meet the growing demand for computing power in artificial intelligence and blockchain.

The initiative leverages Aethir’s decentralized GPU network, Beam (BEAM) MetaStreet’s DeFi investments and infrastructure to create opportunities to monetize compute resources.

Tactical Compute will operate under Tactical Compute Holding Limited, focusing on compute-related opportunities such as hardware financing, private yield arbitrage and network seeding, as detailed in a Beam Medium. job.

These efforts aim to meet the growing demand for computing resources while integrating cryptography-based innovations.

Tactical Compute plans to address this imbalance by finding profitable opportunities in the compute market. An example is Aethir’s “farming” (ATH), which amounts to earning credits for using Aethir’s GPUs, much like Microsoft’s Azure credits for its cloud infrastructure.

Industry support and goals

The Beam Foundation is contributing $5 million to the initiative alongside notable backers including the Sophon Foundation.

According to Daniel Wang, CEO of Aethir, the partnership “positions us to unlock new opportunities in monetizing compute resources and drive innovation in scalable AI and decentralized technologies.”

MetaStreet, through its development branch Permian Labs, provides its expertise in Challenge GPU-powered node funding tools. Co-founder David Choi noted that Tactical Compute “builds on our foundation of meeting the growing demand for compute infrastructure, driving innovation at the intersection of crypto, AI and technology. ‘infrastructure’.