Greg Osuri, co-founder of Akash, talks about the concept of Akash Network, token incentives for participation in decentralized networks, recent positive press for Akash, businesses buying up GPUs and scaling with successful apps, the uses and purposes of the cash token in the Akash Network, and indicators of a bull run in the cryptocurrency market.
Akash Network is a decentralized super cloud that offers lower costs and better access to resources like GPUs for AI.
Akash ML is a machine learning product built on top of Akash Network, providing GPU access for various applications.
Akash Network is fully decentralized and governed by its community of contributors, ensuring trust and security for users.
Deep dives
Akash Network: The Decentralized Super Cloud
Akash Network is the world's first decentralized super cloud, connecting private and public clouds in a peer-to-peer manner. It utilizes unused capacity in data centers to create a super cloud, offering significantly lower costs and better access to resources like GPUs for AI. Akash is being used by machine learning companies, medical imaging companies, gaming companies, and social media apps. The demand for GPUs on Akash has skyrocketed, making it a major money maker. The Akash token is central to the network, used for paying for compute, securing the network through proof of stake, and participating in governance decisions.
Akash ML: Machine Learning Product Built on Akash Network
Akash ML is a machine learning product built on top of Akash Network, specifically optimized for machine learning workflows and developers. It offers a more user-friendly experience for non-crypto-native users, eliminating the need to deal with buying and using AKT tokens. Akash ML is gaining traction with machine learning companies, providing GPU access for various applications like foundation model training, image analysis, and in-game character design. While Akash ML is focused on machine learning, Akash Network remains a versatile and general-purpose decentralized cloud platform.
Incentives and Pricing on Akash Network
Akash Network is planning to introduce token incentives to encourage more GPU providers and lower prices. These incentives will be funded by a reserved pool of tokens and will reward providers with additional profit on top of their rental fees. The goal is to increase the supply of GPUs on the network and attract more users. Currently, the pricing on Akash Network offers substantial savings compared to traditional cloud providers like Amazon Web Services (AWS). For example, an H100 GPU on Akash costs around $2 per hour, compared to $12 per hour on Amazon. As the supply increases, prices are expected to further decrease.
The Power of Decentralization and Governance on Akash Network
Akash Network is fully decentralized and governed by its community of contributors. Over 480 contributors actively participate in the governance of the network, setting the roadmap, proposing upgrades, and deciding on features. The network relies on its native AKT token to secure the network through proof of stake, pay for compute, and govern the platform. The decentralized nature of Akash Network ensures that no single entity has control over the platform, providing a high level of trust and security for users. Akash Network aims to be the go-to platform for builders of decentralized public goods, offering genuine decentralization and open governance.
Importance of Decentralization in Product Development
The podcast highlights the criticality of decentralizing roadmap and product development for the overall decentralization of a system. Although building in a public decentralized setting may take longer with higher coordination costs, it allows for greater innovation and progress. The speakers emphasize the importance of choosing to move far, rather than fast, and discuss the potential future implications of on-chain AI and governance by various AIs. They explore the potential benefits of using Akash, mentioning its decentralized nature, permissionless access to compute, and preference for open-source software.
Akash's Roadmap and Vision for the Future
The podcast delves into Akash's long-term roadmap, which comprises two phases: pre-parity and post-parity. Currently in the pre-parity stage, Akash aims to achieve cloud parity by enhancing services including back-end support, orchestration, automation, and observability. Once they attain parity, they envision entering the post-parity stage, where they anticipate unprecedented innovation and possibilities. This includes expanding the network to have 10,000 regions to drastically reduce latency, enabling applications that were previously unfeasible due to high latency. Additionally, Akash's goal is to tap into unused compute capacity in homes and further accelerate AI advancement.
In this episode I talk to Greg Osuri co founder of Akash. We do a deep dive into Akash, the AKT token and what's being built.
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*IMPORTANT PLEASE READ: None of this is meant to be taken as any form of investment advice, this is just me sharing my opinion and thoughts on the space. It's always up to you to do your own research. Just because I'm talking about a certain project or idea doesn't mean you should invest into it. You as an adult have to use your own judgement and free will to make the right choice for you. Take responsibility for your own actions and investment decisions and don't blindly follow podcasters, Twitter influencer's, Youtube creators etc.
Additionally you should assume I hold the token we're talking about unless I otherwise state I don't. I normally do research into investments I hold or am potentially looking to hold. So again, unless otherwise stated, assume I hold the token we're talking about.
In the case of AKT I do hold AKT.
Personal Disclosures for any conflicts of interest:
https://www.hammerforgedcreative.com/
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