June 5, 2024 Singapore– IO.net, a Decentralized Physical Infrastructure Network (DePIN), is proud to announce a strategic partnership with Leonardo AI, creators of an advanced generative AI platform that allows users to create images through text prompts.
The primary purpose of this partnership is to provide Leonardo AI with access to IO.net's powerful GPUs. Under the terms of the agreement, IO.net will provide Leonardo AI with 24xA100 from May 1st to August 31st.
Following this initial phase, Leonardo AI will evaluate a longer-term A100 contract with IO.net. Additionally, Leonardo AI has expressed its intention to procure 80xL40 from IO.net on an annual contract, pending the completion of testing.
Ahmad Shadid, Founder and CEO of IO.net, expressed his enthusiasm about the partnership: “We are proud to support Leonardo AI with our high-performance A100 and L40S GPUs. This partnership underscores our commitment to powering innovative applications in AI and graphics processing. We look forward to seeing how our technology can transform Leonardo AI's visual asset generation and are enthusiastic about the prospects of a long-term collaboration.”
IO.net's decentralized approach to cloud computing aligns with Leonardo AI's commitment to innovation and provides users with enhanced control and flexibility. Unlike traditional hyperscalers and specialized cloud providers that offer overly expensive GPUs or repackaged AWS, IO.net operates on a distributed infrastructure. As a result, it offers a permissionless, cost-effective service, reducing users' cloud AI costs by up to 90%.
Unmatched creativity
Users are set to witness a new level of creativity unleashed with the Leonardo AI platform. With this partnership, IO.net's scalable and efficient GPU solutions will not only improve performance but also accelerate image production, meaning the creative process with Leonardo AI will be turbo boosted, making the overall experience more effortless and exciting.
Chris Gillis, co-founder and CFO of Leonardo.ai, said, “Leonardo.ai has a global customer base of creative people in advertising, film, graphic design, gaming and other industries. With over 16 million users, IO.net has proven to be extremely reliable and cost-effective as we scale our platform to meet global demand. The IO.net team has demonstrated a commitment to speed, excellence and innovation that aligns perfectly with our vision, making them incredibly great to work with. Together we can bring market-leading AI image generation to a rapidly growing global audience.”
About Leonardo.ai
Leonardo.ai is one of the fastest growing startups in tech, democratizing creativity with its generative AI content creation platform. Creators can now generate hyper-realistic images, create videos, and sketch with AI in seconds using simple prompts and reference images, and custom train models with their own IP.
Leonardo's enterprise services enable creative teams to generate visual assets in real time, leverage private cloud storage, access enterprise APIs and easily build infrastructure on top of Leonardo's production platform.
The company has reached over 15 million users worldwide and generated over 1 billion images since its founding in 2022. Leonardo.ai is currently used across creative industries, including advertising and marketing, design and architecture, film, fashion, photography, e-commerce, and education.
Stay up to date with Leonardo.ai by following the platform on social media.
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About IO.net
IO.net is a decentralized GPU network revolutionizing cloud computing through a decentralized infrastructure and tokenized ecosystem. Committed to democratizing access to computing power, IO.net connects users to a global network of GPU providers, ensuring scalability, accessibility, and efficiency for computational tasks.
To stay updated with IO.net announcements and news, follow our platforms on social media.
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