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Hong Kong, China, March 10, 2024, Chainwire
JDI Group and Tensor launch $20 million Phoenix AI Ecosystem Fund
DePIN investment and leading hardware manufacturing group JDI, in collaboration with Asia-based AI trading and technology company Tensor, has launched a strategic development fund aimed at both accelerating the growth of the Phoenix AI application ecosystem and investing in AI. Invested $20 million to establish the Phoenix AI Ecosystem Fund. computing infrastructure hardware.
Phoenix, a decentralized AI infrastructure platform, powers a variety of applications focused on use cases such as generative AI, large-scale language models (LLM), machine vision, AI quantitative trading, and machine learning analytics. Deployed on the platform SkyNet. Various ecosystem partners, including Web 3 projects, exchanges, and DEXs, have also begun leveraging Phoenix’s AI capabilities to enhance value creation for users.
Half of the AI Ecosystem Fund will be used to invest in, incubate, and nurture new applications and AI ecosystem partners to build on Phoenix’s AI platform. Investment areas include his AI-enabled DeFi, trading, web 3 gaming, metaverse, and content creation areas.
In addition to accelerating new applications running on Phoenix, other parts of the AI Ecosystem Fund will go toward developing the hardware and physical infrastructure needed to rapidly scale and grow Phoenix’s AI computing network. will be used for investment. JDI has always focused on research and development of his DePIN hardware. Its subsidiary Bobber.com, the hardware company behind Helium’s hotspot infrastructure, is now shifting its focus to manufacturing a first-of-its-kind proprietary AI compute node for Phoenix, a lightweight computing machine called PhoenixNode. Masu.
The AI Ecosystem Fund will invest in the R&D of the PhoenixNode unit and its own high-quality AI compute unit for later stages. It will also fund niche colocation centers, or mini-datacenters, run by independent operators dedicated to Phoenix AI computing units, including PhoenixNodes. Phoenix said it will also work with established colocation partners and data centers. Owners of PhoenixNode units and other Phoenix computing units can choose to host their nodes in their local office or residential network, in an independent colocation center, or at one of our global data center partners.
“At Phoenix, we have taken a very unique approach to AI. First, it’s about the infrastructure. It’s not just about the best GPUs, but in the long run it’s about scalability and sustainability. That’s why we has developed cost-effective AI computing nodes that can be scaled up and accessible and owned by nearly everyone.The second is about AI applications and value: However, the value created by AI applications is exponentially greater,” said Yiming Wang, CEO of JDI.
About Phoenix
Phoenix is a decentralized AI elastic computing infrastructure and smart autoscaling network for AI.
contact
partnership director
XP Lee
tensor
xp.li@tensorcorp.com
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