According to a press release shared with crypto.news, io.net and Aptos Labs will collaborate on developing a suite of AI models and inference products for their future release on the Aptos network. These future offerings will apparently leverage the Aptos network to facilitate payments. The press release notes that io.net’s generative AI product, BC8.ai, is already using Aptos to process over 500,000 transactions a day. This is why io.net decided to deepen its collaboration with Aptos.
Aptos Labs head Mo Shaikh emphasized the shared vision of io.net and Aptos, saying both entities aim to de-risk and decentralize AI applications on the Aptos platform. They particularly emphasized that blockchain networks could serve as a counterbalancing force to centralized AI, fostering multi-sided, global, permissionless markets where anyone can contribute. Meanwhile, venture capital firms are showing heightened interest in this intersection, with over a fifth of all venture funding in February allocated to AI companies, totaling $4.7 billion in investments.