BEAM Foundation and Partners to Launch $40M AI, Crypto Computing Initiative

Updated on Dec 6, 2024 at 7:38 pm UTC by · 3 mins read

The initiative will leverage decentralized GPU networks, hardware financing, and DeFi tools to address global compute shortages.

To address the growing demand for computing power in artificial intelligence (AI) and blockchain, Aethir, Beam Foundation, and MetaStreet have come together to introduce Tactical Compute (TACOM), a $40 million initiative.

According to a medium post on Friday, this tripartite collaboration aims to revolutionize how compute resources are accessed, monetized, and scaled in today’s technology landscape.

Targeting Compute Needs with Tactical Precision

The program will leverage Aethir’s decentralized GPU network, Beam Investments, and MetaStreet’s decentralized finance (DeFi) tools to bridge the gap between traditional compute economics and crypto-native innovations.

The $40 million initiative, operating under Tactical Compute Holding Limited, seeks to support projects at the intersection of AI and blockchain while providing sustainable solutions to compute shortages, focusing on strategic areas such as hardware financing, private yield arbitrage, and network bootstrapping.

The project’s primary goal is to maximize GPU efficiency and explore new monetization models, such as farming Aethir tokens in a manner similar to Microsoft Azure’s credit system. Daniel Wang, CEO of Aethir said the venture has the potential to drive technological growth.

“We’re excited to partner with Beam Foundation and MetaStreet on Tactical Compute. This initiative will help address the increasing demand for computing power in AI and blockchain. With Aethir’s decentralized GPU network at its core, this venture positions us to unlock new opportunities in compute resource monetization and drive innovation in scalable AI and decentralized technologies,” Wang said.

Beam to Participate With $5 Million Investment

The program will also see Permian Labs, MetaStreet’s development arm, bring its expertise in DeFi-based GPU financing to drive innovation at the Crypto-AI Nexus.

Beam said it will contribute $5 million to the initiative. The program will also see the participation of other notable backers like the Sophon Foundation. Together, the companies aim to create a future where computing power is accessible, scalable, and aligned with the surging demand for AI-driven applications and decentralized systems.

Beam also disclosed that Tactical Compute is not just about meeting existing needs, but also reshaping how compute power is valued and utilized. By identifying and executing compute-centric opportunities, the initiative is poised to address the scarcity of resources while ensuring sustainable growth in the compute market.

With a robust network of partners and plans to raise $40 million in capital, Tactical Compute stands as a transformative effort to build scalable, efficient infrastructure for AI and blockchain. The partnership exemplifies the power of collaboration in addressing technological challenges and advancing the next era of digital innovation.

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