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Gensyn is a distributed computing network for training AI models.
The computation required for large-scale artificial intelligence is extremely complex, and as AI continues to advance (from GPT3 to GPT4), the computational power needed grows increasingly. In reality, due to geopolitical and other factors, global computing resources are difficult to fully utilize, and costs have risen sharply—some developers can't even access a single GPU, forcing them to pay exorbitant fees to cloud computing oligopolies.
Against this backdrop, Gensyn emerged.
Gensyn's vision is to connect idle computing devices capable of machine learning—from consumer-grade GPUs, custom ASICs, to SoCs that can train neural networks—into a global supercluster, significantly expanding available computing capacity for machine learning.
This also brings good news to former ETH miners. As ETH transitioned to PoS, many miners with powerful GPUs saw their earnings plummet. The emergence of the Gensyn protocol offers an opportunity to redirect these miners' computing power toward AI.
The hourly cost of Gensyn's machine learning training is approximately $0.40, far below the costs of AWS ($2) and GCP ($2.50).
On June 11, 2023, Gensyn raised $43 million in a Series A funding round led by a16z, with participation from CoinFund, Canonical Crypto, Protocol Labs, Jsquare, Eden Block, and other angel investors.
