They're creating a decentralized marketplace for unused processing power from things like data centers, miners, and even personal computers. Basically, they're building a giant network of unused power that people can rent for their AI projects, potentially at a lower cost.
Decentralized services definitely have its own advantages compared to centralized ones. Like what you said, customers will be able to access and use these services for a much lower price. Not to mention the privacy it offers which nowadays is what a lot of people are looking for in purchasing services or software.
Traditionally, cloud services like Amazon Web Services or Google Cloud Platform have been used, but decentralized approaches like IO.NET offer potentially lower costs and more user control.
Despite having its own advantages, there are still potential risks that need to be carefully analyzed and improved. One of many is security risks. Individually speaking, each node might be vulnerable to cyber-attacks and information extraction.
I'd love to hear your thoughts on this approach, if it could be a game-changer for cost-effective AI development?
I definitely think that it is a game changer especially if perfected and challenges are minimized