Akash Network's Greg Osuri on AI Fueling 1,729% Growth

As artificial intelligence continues to push boundaries, Akash Network, a decentralized cloud computing platform, has emerged as a potentially critical player to power exploding tech needs.

Co-founder Greg Osuri recently sat down with Coinage for an interview at the Messari Mainnet conference to discuss Akash’s rapid growth, its role in the AI revolution, and how decentralizing the cloud could potentially prevent a dangerous consolidation of power among a few large AI players.

Since being named one of Coinage's Crypto Projects of the Year in 2023, Akash has made significant strides. "Last year when we did the interview, I think the daily spend [on Akash] was $500 a day. Now, it's $5,000 a day — literally 10X over a year." The impressive growth speaks to Akash's potential as more builders, particularly those in AI, look to decentralize cloud services as a cost-effective, scalable alternative to centralized providers like AWS and Microsoft Azure.

Akash has also caught the attention of some major players. “Nvidia uses Akash quite a lot,” Osuri pointed out, adding that Akash is likely the only decentralized protocol being used by the tech giant. "It’s really good to see both penetration not only in the decentralized ecosystem but in like as centralized as it gets, with Nvidia being the largest company in the world using decentralized networks."

Akash experienced record-setting 1,729% year-over-year growth in user fees collected in the 3rd Quarter of 2024.

Introduction with Greg Suri - 00:00:00
50% Growth in Application Deployments - 00:02:25
Real Utility of Decentralized Computing - 00:03:20
Regulatory Concerns Around AI - 00:06:30
The Future of AI and AGI - 00:08:35
The Importance of Decentralizing AI's Computing Power - 00:09:40
Akash’s Daily Spending Growth - 00:13:15
New Product to Reduce Friction for AI Engineers - 00:14:05
Scaling AI and Infrastructure Challenges - 00:16:40
The Need for Nuclear Power to Support AI - 00:19:00


SUBSCRIBE TO OUR NEWSLETTER: https://coinage.substack.com/

STAKE WITH US: https://daic.capital/?utm_source=coin...

SUBSCRIBE to Coinage to never miss a video!
Coinage is a community-owned show answering crypto's biggest questions. You can learn more about the project at https://www.coinage.media/

#cryptocurrency #cryptonews #defi #crypto #blockchain #elections2024 #cryptobank #nvidia #ai