

io.net: Taking on the Giants | Crypto x AI Event
7 snips Oct 30, 2024
In this engaging conversation, Torrey Green, CEO of IOnet and seasoned expert in banking and tech, discusses the revolutionary potential of IOnet as the world’s largest decentralized AI compute network. He elaborates on how IOnet disrupts a $2.5 trillion industry with its decentralized clustering model, offering flexibility and cost savings over traditional cloud services. The dialogue also addresses recruitment challenges in tech, the skepticism surrounding universal basic income amidst AI advancements, and IOnet's ambitious roadmap to rival giants like AWS.
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Torrey Green's Career Path
- Torrey Green's background spans banking, PE, VC, and operating roles.
- This experience taught him how to scale Web2 businesses, but crypto's potential in 2016 drew him in.
Disruption in Compute
- Decentralized compute networks will surpass centralized ones by being better, faster, and cheaper.
- Disruptive products like telephones start worse but offer unique advantages, eventually outperforming incumbents.
Crypto's Competitive Moat
- Crypto's decentralized nature offers it a true competitive advantage, unlike other tech like VR.
- Large companies struggle to adopt crypto without harming their business model, creating a window of opportunity.