Originally published on: December 11, 2024
The realm of artificial intelligence is thriving, with no signs of slowing down. Despite this growth, most companies rely on centralized services like Amazon Web Services (AWS) for cloud computing power, which can be expensive and susceptible to outages.
At Theta Labs, Head of Strategy Wes Levitt believes that decentralization and blockchain offer solutions to these challenges. In a recent interview on The Agenda podcast, Levitt emphasized that decentralized cloud computing not only saves customers money but also provides greater reliability and flexibility.
During episode 51 of The Agenda, Levitt elaborated on how decentralization helps democratize access to computing power. He highlighted Theta Labs’ focus on transforming the cloud to eliminate single points of failure and monopolistic control.
Theta Network, the brainchild of Theta Labs, is a decentralized cloud catering to AI, media, and entertainment sectors. Levitt noted that while Theta initially targeted the media and entertainment industries, the ongoing AI boom has drawn a significant number of AI-related clients. Notably, academia has emerged as a major customer base for Theta Labs.
Levitt shared insights into Theta’s partnerships with universities, including KAIST in Korea and the University of Oregon in the US. He pointed out that decentralized cloud computing is particularly beneficial for academic institutions seeking affordable alternatives to AWS.
The decentralized AI market within the blockchain space has witnessed explosive growth, with the market capitalization of AI and big data crypto projects soaring from $16.17 billion to over $70 billion. Despite this surge, Levitt believes there will always be a place for centralized services, depending on use cases.
While the vision of replacing AWS entirely may not be the primary goal, Levitt sees a future where decentralized AI could rival centralized counterparts in certain scenarios. To delve deeper into Theta Network’s capabilities and more insights from Levitt, tune in to the full episode of The Agenda on Cointelegraph’s Podcasts page, Apple Podcasts, or Spotify.
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