Ornn raises $33M to help companies buy and sell AI compute as a commodity like oil

Ornn AI Inc. has raised $33 million in seed funding to develop a marketplace for computing power, aiming to commodify AI compute like oil. The funding round was co-led by Galaxy Ventures and Andreessen Horowitz's crypto-focused fund, with participation from other investors. This investment will help Ornn build out its platform, enabling companies to buy and sell AI compute resources more efficiently. The practical implication for engineers building AI systems is that they may soon have access to a more fluid and dynamic market for computing resources, potentially reducing costs and increasing scalability.

⚡ Key Takeaways

• Ornn AI Inc. raised $33 million in seed funding.
• The funding round was co-led by Galaxy Ventures and Andreessen Horowitz's crypto-focused fund.
• The goal of Ornn is to create a marketplace for computing power, treating AI compute as a commodity.
• Investors include Nordstar, SV Angel, Crucible Capital, and Vine.
• The platform aims to facilitate the buying and selling of AI compute resources.

This development could significantly impact the AI industry by providing a more efficient and scalable way for companies to access computing resources, potentially reducing costs and increasing innovation. For engineers building AI systems, this could mean easier access to the computing power needed to train and deploy models.

✅ Practical Steps

1. Apply the concepts from this article to your own system design, considering the potential benefits of a commodified AI compute market.

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