Crypto Report

How crypto can help generative AI 

As the demand for AI has exploded, so has the need for computing resources to handle and train large-scale models. And as costs soar, smaller startups are finding the needed computing power inaccessible.  

Enter crypto. PitchBook’s latest Emerging Tech Research dives into the dealmaking and trends in the crypto industry in Q2 2024. As the sector has seen three straight quarters of growth, with deal value hitting $2.7 billion in Q2, crypto is looking to be a part of what’s next to keep its momentum flowing.  

Decentralized GPU networks, blockchain-based marketplaces where people can share and monetize their unused computing resources, could help bring down costs and provide more access to budding startups. The report highlights other startups and trends driving the industry forward.