Bagel and Filecoin Foundation Collaborate to Support Decentralized AI Development
08 Julio 2024 - 3:00AM
Business Wire
Bagel's GPU Restaking™ will make decentralized
AI as efficient and cost-effective as centralized AI
infrastructure
Bagel, an AI and cryptography research lab, today announced its
collaboration with Filecoin Foundation, an organization supporting
the governance, development, and growth of the Filecoin ecosystem.
This collaboration allows AI developers to train and store their
models using the compute and storage power of the Filecoin network
through GPU Restaking™ technology of Bagel. Previously, Filecoin
storage providers (SPs) were limited to a binary choice between
providing their resources to either storage or compute networks,
restricting the capacity of the protocol to service AI developers.
Bagel has pioneered GPU Restaking™, a decentralized compute network
aggregator, which will revolutionize the way Filecoin SPs operate,
enabling them to utilize both their storage and computational
resources through Bagel’s decentralized machine learning (ML)
platform.
Using Bagel’s ML platform, AI developers can access the Filecoin
storage provider network to manage vast AI workloads. Meanwhile,
Filecoin storage providers will be able to dynamically allocate
GPUs to the most profitable computer networks. Through this
collaboration between Bagel and Filecoin Foundation, AI developers
can train their models where their data is, reducing the overhead
of AI workloads on decentralized networks. Moreover, it addresses
the critical challenge of data storage and retrieval, offering AI
developers unprecedented flexibility and efficiency. Bagel is now
one of the leading DePIN projects in the AI space, marking a
pivotal moment for decentralized artificial intelligence.
Integrating Bagel brings a range of compelling benefits for
Filecoin SPs:
- Increased revenue through the monetization of both storage and
compute resources.
- Efficient compute resource utilization driven by Bagel's
dynamic routing capabilities.
- Accelerated adoption by providing a comprehensive solution for
storing and processing ML workloads.
The last year has seen a marked increase in the interest in the
intersection of Web3 and AI. A February 2024 report by TenSquared
found that as of the end of 2023, more than 6.9k blockchain+AI
related Github repositories and more than 539k Github pull requests
had been created. The integration of Bagel and the Filecoin network
will provide the infrastructural backbone to service this growing
industry.
“The future of AI is decentralized, open source and credibly
neutral. As the leading decentralized infrastructure provider, the
Filecoin network is ideal for Bagel to make decentralized machine
learning possible by optimizing AI workload latency,” said
Bidhan Roy, Founder and CEO of Bagel.net.
"We're delighted Bagel Network is taking advantage of Filecoin's
unique qualities to advance the frontier of decentralized AI," said
Danny O'Brien, Senior Fellow, Filecoin Foundation.
"Filecoin's decentralized storage solutions and Bagel's
cutting-edge compute network aggregator offer a robust and
efficient platform for hosting and processing AI workloads. This
collaboration demonstrates Filecoin is a key primitive in the
rapidly evolving AI and Web3 landscape, driving innovation and
providing value to the Filecoin network's storage providers and
users."
Bagel will begin officially testing its beta with Filecoin
storage providers on July 17, 2024. Users can sign up for early
access here.
About Bagel
We are a deep research lab pushing the boundaries of what's
possible in machine learning through cryptography. Building a
peer-to-peer, credibly neutral machine learning ecosystem. Learn
more about our research here.
About Filecoin Foundation
Filecoin Foundation's mission is to preserve humanity's most
important information, as well as to facilitate the open source
governance of the Filecoin network, fund research and development
projects for decentralized technologies, and support the growth of
the Filecoin ecosystem and community.
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