According to a report by CoinDesk, crypto miners are expanding into new areas, including artificial intelligence (AI). These miners use their powerful computing infrastructure to fulfill the demand for various services, such as gaming, image and video rendering, and AI.
JPMorgan analysts stated that the rapid growth of Artificial Intelligence is leading to an increased demand for high-performance computing, opening a new and potentially more profitable avenue for GPU usage.
Crypto Miners Infrastructure For AI
The report suggests that crypto miners are diversifying to reduce their reliance on cryptocurrencies and access new revenue streams. As The Wall Street Journal reported, some crypto industry companies have shifted towards AI due to a lack of demand for their machines during the crypto winter.
Their GPUs are now used for computational workloads to train generative AI systems. This trend is becoming more prevalent due to the growing demand for data storage and memory capacity required for advanced AI operations.
Still recovering from the market’s downturn, Bitcoin miners are discovering that their high-end chips and GPUs can be valuable assets in the new AI economy.
Many mining firms are reprogramming and reusing their computing setups by selling them or leasing capacity to startups, universities, and organizations that cannot afford access to the tech giant’s AI computing capabilities.
Building and running an AI model can be very expensive, with infrastructure and server maintenance costs reaching up to $700,000 a day for companies such as OpenAI.
Therefore, the increased demand for high-performance computing is a challenge many face in the advanced and expensive world of generative AI.