io.net Secures Prestigious Gold Medal at the 2023 Inventions Asia Awards for its Internet of GPUs

11 months ago 5

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Hong Kong, Hong Kong, December 15th, 2023, Chainwire

io.net proudly announces its latest achievement of winning the Gold Medal for the AI category and the Grand Award for the entire event at the 2023 Inventions Asia Awards for their Invention “Internet of GPUs (IoG)”. This global award highlights io.net’s commitment on reshaping what’s next for the Decentralized AI Compute industry.

In the era of rapid advancements in machine learning (ML) and artificial intelligence (AI), the demand for efficient and low-latency model inference has become increasingly critical. io.net introduced the concept of the Internet of GPUs (IoG) as the backbone for creating a globally distributed mega-model inference network of GPU clusters (similar to CDN for web applications). This reduces inference latency by bringing ML models physically closer to end-users across the globe, paving the way for a new era of Real-Time AI applications.

“We are proud to receive the Gold Medal at the 2023 Inventions Asia Awards,” said Ahmad Shadid, Founder and CEO of io.net. “This recognition is a testament to our dedication to revolutionizing GPU computing and fueling the wave of AI innovation. We believe in the power of decentralization to drive advancements that will shape the future.”

This is not the first time Ahmad has been honored for his technical achievements. He won a Gold Medal in Geneva in 2015 for an algorithm called bc8 for video game textures and shaders decompression resulting in 66 times increase in real-time rendering performance quality.

io.net’s success is rooted in its ability to address the GPU power shortage. The company aggregates GPUs from various sources into a decentralized network, empowering engineers with a diverse array of options, including cluster type, GPU specifications, and purpose. This approach allows for seamless integration and flexibility, enabling engineers to harness GPU computing power quickly and efficiently.

“The 3rd Asia Exhibition of Innovations & Inventions Hong Kong holds significant importance in showcasing the innovative ideas, groundbreaking technologies, and remarkable creative talent emerging from Hong Kong and across Asia. It serves as a unique platform for the exchange of knowledge and acts as a catalyst for fostering partnerships among the brightest minds in the region.” said Mr. Eric Sun, Chairman of HKEA.

The event is organized in partnership with Palexpo, Geneva, the organizer of the International Exhibition of Inventions Geneva. AEII 2023 is particularly special, as it marks the physical return of the event to Hong Kong after a hiatus, creating an environment for valuable idea exchanges and limitless opportunities. The AEII was held from 7-8 December 2023 at the Hong Kong Convention and Exhibition Centre. The Exhibition featured over 110 inventions from all around Asia, in competition for the awards which were selected by a 22-member Jury Panel

About io.net

io.net is combining 1 million GPUs to create the world’s largest Decentralized GPU Cloud, offering large-scale AI startups access to nearly unlimited computing power.

Learn more: https://io.net/

About Asia Exhibition of Innovations and Inventions Hong Kong (AEII):

The Asia Exhibition of Innovations and Inventions Hong Kong (AEII) is Asia’s premier annual platform dedicated exclusively to showcasing cutting-edge innovations and inventions from the region. Hosted in Hong Kong in collaboration with Palexpo, Geneva, the organizer of the International Exhibition of Inventions Geneva, AEII provides a unique spotlight on the best innovations and inventions from Asia. After a three-year hiatus, the event has returned to Hong Kong, bringing together global experts, inventors, and industry leaders under one roof. AEII 2023 underscores the region’s commitment to innovation and offers a dynamic environment for idea exchanges and opportunities.

For more details, please visit inventions-asia.hk.