Argentum AI, a platform that connects businesses with available computing resources, said it has shut down a pre-seed funding round led by Kraken, Banyan Ventures and investors Victor Morgantern and Todd Bensen.
Known as AAI, the platform is building an open marketplace designed to link organizations that require high-performance computing with providers with idle resources.
Argentum AI supports a wide range of computational tasks, from AI training and 3D rendering to digital twin modeling and scientific simulation.
By leveraging unused infrastructure, the company aims to make advanced computing more accessible and cost-effective, and aims to support small and medium-sized businesses and emerging markets that lack local high-performance computing resources.
New funding reportedly depends on promoting product development, global expansion and cross-border transactions. Argentum AI will use a zero-knowledge framework and universal computing tokens to streamline contracts and accelerate AI development, particularly in emerging markets.
We aim to democratize access to unused computing power
Argentum AI CEO Andrew Sobko said the company aims to create a decentralized market to connect organizations with flexible hardware resources.
“As organizations everywhere adopt AI quickly, few people have computational partners that allow for a variety of training and inference needs,” Sobko emphasizes the potential for a platform that increases transparency and cost-effectiveness.
He added that the platform will allow a new group of “GPU entrepreneurs” to purchase and operate hardware clusters of all sizes, creating a global market for underused computing power.
Over time, Argentum AI may work with GPU manufacturers to make second-life hardware more accessible and reduce customer costs.
Sobko describes the market model as a way to compare its platforms with platforms such as Airbnb and Uber, making computing resources more widely available.
Rising AI demand meets idle computing capabilities
As AI adoption spreads across the industry, demand for high-performance computing is surged. In 2024, 78% of companies reported using AI in at least one business area, a sharp increase from 55% in 2023.
Expenditures on AI infrastructure are projected to exceed $2.8 trillion by 2029, reflecting the growing need for computing power.
However, many of the available abilities remain unused. A 2024 survey found that 25% of data centers operate at less than 40% of their UPS capacity, highlighting important idle resources.
Why is this important?
By making idle computing resources available, you can reduce costs and speed up AI development globally. Argentum AI may create new revenue opportunities for hardware owners and provide high-performance computing access to emerging markets.
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People ask:
Argentum AI (AAI) is a platform that creates global markets for high-performance computing, with providers with idle resources that require computing power.
Many data centers and labs operate below capacity. Argentum AI helps to utilize idle resources, reduce costs and accelerate AI development globally.
Computing power refers to the ability of a computer or system to process and perform tasks, typically measured by speed and capacity.
Unused capacity from a computer or server can be shared or rented to an organization that requires additional processing resources.
yes. Using underutilized computing resources allows businesses to access powerful systems at no cost to purchase and maintain them.