Exabits Q1 2024 Update
As we settle into 2024, it's exciting to reflect on our journey and share our progress. Here's a glimpse of our milestones and the path ahead.
Last updated
As we settle into 2024, it's exciting to reflect on our journey and share our progress. Here's a glimpse of our milestones and the path ahead.
Last updated
We've successfully launched the Exabits platform to the world. This achievement marks significant steps in our mission to democratize AI compute.
B2B GPU Marketplace
Our platform has provided game-changing value for customers seeking real GPU resources. We've created a dynamic marketplace connecting independent data centers and idle mining rigs with our customers, efficiently bootstrapping the network.
Institutional Supplier Collaboration
Exabits' expertise is deeply rooted in decades of building, deploying and managing data centers. This extensive background grants us a significant advantage in tapping into the elusive idle enterprise supply. Our strong connections with independent data centers are a key factor in establishing our competitive edge in the market. It is important to note that Exabits’ core team are of highly technical backgrounds. We are not speculators building a narrative, we are builders creating solutions to serious business and global safety problems.
Enterprise Customers & Revenue
In the realm of Decentralized Cloud Compute, our competitors are primarily focused on narratives rather than serving customers. We take pride in not just conceptualizing, but actively serving real-world clients, including the highly regarded Nebula Block. We saved them 71% on cost and increased performance by 30% compared to their engagement with AWS. Significantly, our venture has demonstrated robust financial health, consistently scaling our revenue at an rate of 300% monthly since July. This growth reflects our commitment to practical solutions and tangible customer service in the AI space.
Acceleration: Solving Global GPU Scarcity
The alarm has sounded. As we see more signals like Meta making moves to gobble up a massive portion of the global enterprise grade GPU compute supply, it becomes clear that we must embrace alternative solutions in AI compute. Exhibits has deep supply connections to enterprise GPU compute, but as the major enterprises monopolize the supply, we have concerns about maintaining access.
We foresaw this and put our focus on how to access the actual underutilized GPU supply: CONSUMER GPUs, representing 90% of the idle supply. If you simply aggregate and cluster consumer GPUs, they are useless for AI compute. We have developed technology to also accelerate and stabilize these machines. When these GPUs are properly optimized and linked, they can, in some cases, perform better than the NVIDIA H100s.
Public GPU Renter Launch: Our new UI facilitates seamless online deployment for various users, including researchers and experimenters, utilizing both community and institutional suppliers.
Community Supplier Integration: With the introduction of our DevNet, individuals can now connect their personal PCs to our network, vastly expanding our supply capabilities.
Consumer GPU Acceleration Software: This new feature, will be accessible via our Public GPU Renter Platform, increasing the performance but more importantly, addressing the global AI compute scarcity problem by making consumer GPUs available for AI workloads.
All-in-one Serverless LLM Platform: This upcoming platform will enable users to deploy models quickly and effortlessly.
GPU Cluster Observing and Failure Recovery System: We're enhancing our technology to ensure stability, reliability, and ultra-availability.
AutoScaling and Resource Recommendation System: This system is crucial for scaling our services to serve 100's of millions of users.
The GPU market is evolving rapidly. With the increasing scarcity of GPUs and manufacturing limitations, the demand for our services is more critical than ever. We're observing major players like Google, Microsoft, AWS, and Meta monopolizing resources, which highlights the importance of our mission.
Our journey is just beginning, and we're excited about what lies ahead. Thank you for being a part of this adventure.