Theta Network Launches EdgeCloud, the First Hybrid Cloud-Edge Computing Platform for AI, Video and Rendering

General

LOS
ANGELES
–
May
1st,
2024
– Theta
Network,
the
leading
blockchain
decentralized
cloud
for
AI,
media
and
entertainment,
is
excited
to
announce
the
launch
of
Theta
EdgeCloud,
the
first
hybrid
computing
platform
for
AI,
video
and
rendering
applications.

Theta’s
new
hybrid
cloud-edge
computing
platform
arrives
at
a
critical
point,
driven
by
three
major
industry
trends:
the
widespread
adoption
of
AI
across
various
sectors,
forecasted
to
grow
tenfold
by
2030;
the
exponential
rise
in
global
video
and
3D
rendering
demand,
notably
for
high-resolution
content;
and
the
increasing
necessity
for
modular
infrastructure
compute
services
to
manage
the
surge
in
computation
data.

Theta
EdgeCloud
harnesses
the
untapped
potential
of
thousands
of
distributed
CPU
and
GPU
nodes
worldwide,
alongside
a
sophisticated
cloud-based
architecture.
By
optimizing
the
price-to-performance
ratio
across
these
nodes,
Theta
aims
to
democratize
access
to
high-performance
computing
resources,
fostering
innovation
and
efficiency
across
multiple
industries
and
creative
endeavors.

EdgeCloud
is
one
of
the
largest
hybrid
edge-cloud
compute
networks
in
the
world,
bridging
high-performance
cloud-based
Nvidia
A100,
V100
and
T4
GPUs
from
partners
like
Google
Cloud
and
Theta’s
decentralized
network
of
10,000+
global
edge
nodes.
Theta’s
Edge
Network
comprises
one
of
the
largest
clusters
of
distributed
GPU
computing
power
in
the
world
today.
High-performance
GPUs,
including
Nvidia
3090s
to
4090s
(~1000
nodes),
deliver
36,392
TFLOPS;
medium-tier
GPUs
(~2000
nodes)
deliver
28,145
TFLOPS;
and
low-end
GPUs
(~7000
nodes)
deliver
an
additional
13,002
TFLOPS.
This
amounts
to
a
total
of
approximately
77,538
TFLOPS
or
about
80
PetaFLOPS
today,
roughly
equivalent
to
250
NVIDIA
A100s,
always
available.

“The
overall
market
for
computing
services
is
expected
to
grow
significantly
over
the
next
decade,
driven
by
AI
applications
across
a
number
of
industries.
Enterprise
spending
on
cloud
infrastructure
services
reached
nearly
$74
billion
in
2023,
with
generative
AI
clearly
being
one
of
the
main
drivers.
We’re
excited
to
launch
the
first
hybrid
cloud-edge
AI
computing
platform
that’s
powered
by
one
of
the
largest
distributed
GPU
networks
and
the
leading
Web3
community
for
AI,
media,
and
entertainment,” said
Mitch
Liu,
co-founder
and
CEO
of
Theta
Network.

The
First
Hybrid
Edge
Cloud
AI
Network
at
Global
Scale

EdgeCloud
delivers
a
global-scale
edge
network
and
a
cloud-based
GPU
infrastructure
necessary
for
running
today’s
largest
AI
models.
While
chatbots
like
ChatGPT
and
other
large
language
models
are
compute-intensive,
new
generative
AI
models
such
as
text-to-video,
text-to-3D,
and
sketch-to-3D
require
10-100x
the
amount
of
computational
power.
The
combined
GPU
compute
power
of
EdgeCloud
is
sufficient
to
run
more
than
300-1000+
AI
models
concurrently,
arguably
holding
the
keys
to
the
world’s
most
valuable
and
disruptive
asset:
global
GPU
compute.

At
launch,
AI
developers
can
select
and
deploy
popular
generative
AI
and
large
language
models
like
Stable
Diffusion,
Llama
2,
Mistral,
and
many
other
open-source
AI
models
straight
out
of
the
box,
as
well
as
deploy
their
own
custom
models.
EdgeCloud
provides
these
users
immediate
access
to
key
GPU
resources
including
NVIDIA
A100s,
V100s,
T4s,
and
other
GPUs,
complete
with
accompanying
dashboards
and
metrics
for
their
various
business
use
cases.
EdgeCloud
will
launch
with
about
a
dozen
open-source
AI
models,
representing
the
most
popular
in
the
industry
with
millions
of
downloads:

LLMs:
Mistral-8x7B,
Mistral-7B,
Google
Gemma-7B,
Meta
Llama-2—7B
Image
generation:
Stable
Diffusion
XL
(SDXL)
Turbo,
ControlNet
Text-to-video:
Stable
Video
Diffusion
Speech
recognition:
OpenAI
Whisper
Code
generation:
CodeLlama

Later
this
year,
Theta
will
launch
its
hybrid
cloud
decentralized
GPU
marketplace,
fully
integrated
into
the
EdgeCloud
platform.
This
integration
will
provide
AI
developers
and
enterprises
alike
with
a
simple
point-and-click
capability
to
train,
fine-tune,
and
deploy
both
open-source
and
custom
models
across
cloud
partners,
decentralized
GPU
edge
nodes,
and
other
data
center
partners.

Generative
AI
Showcase
and
Jupyter
Notebook
support

EdgeCloud
also
launches
with
a
generative
AI
showcase
that
enables
free
interaction
with
several
GenAI
models
for
end
users
and
community
members.
This
provides
a
great
trial
experience
and
an
opportunity
to
see
how
novel
AI
applications
can
be
built
on
the
platform.

EdgeCloud
offers
out-of-the-box
support
for
Jupyter
Notebook,
a
web-based
interactive
computing/coding
tool
indispensable
for
AI
model
development.
Customers
and
partners
can
start
utilizing
the
platform
immediately
with
full
Stripe
payment
integration,
and
TFUEL
payment
support
will
be
added
soon
after.

About
Theta
Labs

Theta
Labs
pioneered

Theta
Network,
the
leading
blockchain
decentralized
cloud
for
AI,
media
and
entertainment.

Theta
EdgeCloud is
the
first
hybrid
cloud-edge
computing
AI
platform,
powered
by
the
Theta
Edge
Network
with
over
10,000
active
global
edge
nodes
and
80
PetaFLOPS
of
always
available
distributed
GPU
compute
power.
Theta
is
among
the
top
10
DePIN
blockchains
by
market
capitalization
listed
on
both

Coinmarketcap
and

Coingecko,
and
among
the
top

AI
tokens
on
Binance.com. Theta
Video
API is
a
turn-key
Web3
video
API
for
developers
offering
significantly
lower
video
transcoding
and
content
delivery
costs.
Theta’s
Web3
infrastructure
including

ThetaDrop
NFT
marketplace
and

Theta
Web3
Theatre
enable
entertainment
companies
to
drive
new
revenues
and
community
engagement.

Backed
by
Google,
Samsung,
Sony,
Creative
Artists
Agency,
and
Binance,
Theta’s
enterprise
validator
and
governance
council
is
composed
of
global
market
leaders. Theta
has
partnered
with
leading
entertainment
brands
including
Lionsgate,
MGM,
Katy
Perry,
American
Idol,
The
Price
is
Right,
Taste
of
Home,
and
more.
Popular
platforms
utilizing
Theta’s
Web3
infrastructure
include
MetaCannes
Film3
Festival,
FuseTV,
CONtv
Anime,
WPT,
PetCollective,
FailArmy,
and
other
OTT
streaming
services.
Theta’s
strategic
corporate
investors
include

Samsung
NEXT,

Sony
Innovation
Fund,

Bertelsmann
Digital
Media
Investments
and

CAA.

For
all
information
about
this
release,
please
contact

[email protected].