Behind the 20 million financing: How will the strongest newcomer Hyperbolic reshape the AI track?

Author: Biteye Core Contributor Jesse Please provide the text to be translated. Capital always chases future opportunities. The real money of European and American venture capital is often an important indicator of the prospects of a track. Please provide the text to be translated. On the one hand, NVIDIA's stock is rising steadily; on the other hand, global institutions are scrambling to buy Bitcoin ETFs. Please provide the text to be translated. This undoubtedly indicates that AI and Web3 are the hottest fields in recent years and will also be the core forces that change the world pattern in the future, with far-reaching impact. Please provide the text to be translated. However, in a world increasingly influenced by AI, the dominance of innovation and disruption has long been held in the hands of a few people. Please provide the text to be translated. The acquisition of computing resources and infrastructure required for the development of artificial intelligence has become the key to opening this door, but the access to these resources is often highly concentrated and limited to those with strong capital or institutional support. Please provide the text to be translated. In addition, high usage costs, lack of credible verification of computing results, and privacy security issues further limit the popularity and fairness of AI. Please provide the text to be translated. The future of AI should not only serve the commercial interests of a few, but should become a public wealth that everyone can participate in and benefit from, like Web3. This is a common journey for everyone, not an exclusive territory for a few. Please provide the text to be translated. 01 Introduction and Features Please provide the text to be translated. Hyperbolic is an open-source AI computing and inference service provider, born out of a vision to challenge the status quo and committed to enabling innovators around the world to use AI technology equally, regardless of resources or geographical location. Please provide the text to be translated. Hyperliqui's three core functions include: Please provide the text to be translated. 1.1 GPU Market: On-demand Computing Power, Economical and Efficient Please provide the text to be translated. Hyperbolic's GPU marketplace disrupts the traditional computing power leasing model by aggregating idle GPU resources worldwide to provide on-demand computing power services for developers, helping them save up to 75% of costs. With the Hyper-dOS decentralized operating system, developers can obtain the required computing power in less than a minute, greatly reducing the barriers to innovation. Please provide the text to be translated. 1.2 Inference service: low cost and high efficiency Please provide the text to be translated. Hyperbolic's reasoning service processes over one billion tokens every day, providing the latest open source models at extremely low cost and supporting the BF16 format, ensuring excellent performance in both efficiency and accuracy. Please provide the text to be translated. 1.3 Proof of Sampling (PoSP): The Verified Gold Standard Please provide the text to be translated. Hyperbolic's innovative sampling proof protocol ensures reliable and cost-effective output results through rigorous data privacy protection, making it the only Web3 real-time inference product that can provide verifiable AI results. Please provide the text to be translated. 02 Goals Please provide the text to be translated. Hyperbolic has three goals: 1. Provide decentralized heterogeneous computing 2. Ensure the security and verifiability of decentralized artificial intelligence 3. Protect privacy in decentralized AI. Please provide the text to be translated. 2.1 Provide decentralized heterogeneous computing Please provide the text to be translated. Hyperbolic is committed to building a scalable system that integrates global GPU computing power to optimize the performance of various types of GPUs. This vision aims to break through the bottleneck of computing resource allocation and provide high-performance support to AI researchers and developers worldwide. Please provide the text to be translated. Hyperbolic first built an AI service layer, allowing developers to deploy and leverage global computing resources to run different AI services. Please provide the text to be translated. It can compile various advanced machine learning frameworks (such as PyTorch, TensorFlow, JAX) into low-level languages that are compatible with different hardware platforms (such as NVIDIA's CUDA, AMD's ROCm, Apple's Metal). Please provide the text to be translated. In addition, Hyperbolic is also collaborating with AMD to improve the performance of AMD chips. With the optimization of Hyperbolic, the input throughput of the Llama3-8B model on the AMD MI250 platform has increased by 120.4%, and the output throughput has increased by 144.8%. Please provide the text to be translated. Hyperbolic's solution has not only been favored by Web3 AI projects, but also attracted a large number of Web2 AI developers' adoption. Please provide the text to be translated. Despite concerns from Web2 developers that decentralized solutions may affect performance and reliability, Hyperbolic has demonstrated outstanding performance in large language models and image generation. Please provide the text to be translated. Even though the team size is much smaller than mainstream competitors, Hyperbolic has achieved performance comparable to or even surpassing them, fully demonstrating the superiority of its technical architecture. Please provide the text to be translated. This breakthrough removes doubts about decentralized solutions and opens up the possibility of collaboration for more developers. Please provide the text to be translated. Hyperbolic's decentralized computing advantage stems from its unique system architecture - Hyper-dOS, designed with inspiration from the solar system. The architecture adopts a layered cluster model, integrating efficiency with stability. Please provide the text to be translated. Sun Cluster is the central governance node, similar to the core position of the sun in the planetary system, providing basic services and support for the entire system, ensuring stability and efficient operation. Please provide the text to be translated. Surrounding it are several planet-level clusters, including: Mercury Cluster (single node), Mars Cluster (multi-node), and Jupiter Cluster (multi-satellite node). Each cluster has different scale and governance characteristics, and can flexibly adapt to different needs. Please provide the text to be translated. Three Key Features of the System Please provide the text to be translated. Automatic Scaling: The cluster can automatically expand or shrink according to the computing requirements, flexibly handling load changes. Please provide the text to be translated. Self-repair: The system can automatically detect problems and recover from failures to ensure stable operation. Please provide the text to be translated. Customizability: Each cluster can be customized based on specific requirements, providing highly flexible services. Please provide the text to be translated. This layered architecture ensures not only the high availability and scalability of the system, but also achieves a balance between autonomy and overall coordination. Users only need to have a single machine or a cluster, install Hyper-dOS, and easily access the Hyperbolic network to obtain global computing resources and achieve seamless collaboration. Please provide the text to be translated. 2.2 Ensure the security and verifiability of decentralized artificial intelligence Please provide the text to be translated. One key challenge in decentralized networks is how to ensure that the results generated by random nodes are correct. Security and verifiability have always been unresolved issues in deployed AI systems. Please provide the text to be translated. Currently, the popular verification mechanisms for AI include consensus/voting, optimistic mechanism, and zero-knowledge proof. Please provide the text to be translated. The consensus/voting mechanism requires multiple nodes to simultaneously run the same request and determine the answer through majority voting. However, this approach incurs very high costs. If 10 nodes process the same request, the expenses will increase tenfold. Please provide the text to be translated. The Optimistic Mechanism (OPML) allows a single node to produce a result and set a challenge window (usually 7 days) for other nodes to raise objections to verify the result. Please provide the text to be translated. However, this approach is not practical in real-time scenarios. For example, when a user asks, 'What are some fun places to visit in Singapore?', it's meaningless to wait 7 days to confirm if the answer is correct. Please provide the text to be translated. Zero-knowledge proofs perform well in terms of privacy and verification, but the computational cost is too high to achieve practical application in the short term. Please provide the text to be translated. To address these issues, Hyperbolic teamed up with experts from UC Berkeley and Columbia University to propose a new verification mechanism based on Nash equilibrium, called Proof of Sampling (PoSP). This mechanism is based on sampling verification rather than a comprehensive check of all results. Please provide the text to be translated. Typically, only one node generates the result, but the network randomly asks another node to regenerate it with a certain probability. If the results of the two nodes do not match, the quorum process will be initiated. Dishonest nodes are subject to high financial penalties. Please provide the text to be translated. The threshold formula for collateral and rewards derived from the mathematical model indicates that as long as the probability of verification exceeds this threshold, the system can achieve a pure Nash equilibrium state in game theory, ensuring that all nodes choose 100% honesty for their own benefit. Please provide the text to be translated. This sampling proof mechanism is not only effective for AI reasoning, but can also be applied to AI training, fine-tuning, and even extended to services outside the AI field, such as L2 Rollup and data availability. Please provide the text to be translated. Hyperbolic is working with re-staking protocols such as EigenLayer and Karak to build a common Verifiable Service Layer (AVS) that will enable other AVS service providers to take advantage of this verification mechanism to ensure the security and reliability of their services. Please provide the text to be translated. 2.3 Decentralized AI for Privacy Protection Please provide the text to be translated. In a decentralized AI network, how to ensure both data privacy and model integrity at the same time is a pressing issue to be solved. When your data is distributed across nodes around the world, security faces serious challenges. Please provide the text to be translated. Existing technologies such as Fully Homomorphic Encryption (FHE), Zero-Knowledge Proofs (ZKP), and Multi-Party Computation (MPC), although theoretically capable of solving these problems, significantly reduce computational speed and cannot meet the requirements of real-time inference in practical applications. Please provide the text to be translated. Hyperbolic uses Trusted Execution Environment (TEE) technology on NVIDIA's latest Hopper and Blackwell GPUs to provide an efficient privacy-preserving solution. Please provide the text to be translated. Through TEE technology, it is equivalent to creating a "privacy safe" on the GPU: although the outside world cannot spy on the data content, the GPU can still complete the data processing normally. Please provide the text to be translated. Moreover, this privacy-preserving mechanism only incurs a computational performance loss of about 1% during the inference process. Please provide the text to be translated. Hyperbolic will introduce a secure computing layer throughout the decentralized network. This will ensure that the data and AI models are always safe during use, providing users with reliable privacy and security. Please provide the text to be translated. 03 Application Scenarios of Hyperbolic Please provide the text to be translated. AI Agent is currently the hottest track. AI Agent can achieve multiple innovative functions through Hyperbolic: Please provide the text to be translated. 3.1 Supports Encrypted Payment Please provide the text to be translated. The AI Agent is able to make payments through cryptocurrency, making it self-sustaining and operating independently. Please provide the text to be translated. 3.2 Hosting Customized Models Please provide the text to be translated. Each AI Agent can have exclusive features and skills, thus forming personalized services. Please provide the text to be translated. 3.3 Self-evolution capability Please provide the text to be translated. Through continuous fine-tuning and learning, the AI Agent can continuously improve its capabilities according to user needs or environmental changes, making it more efficient and intelligent. Please provide the text to be translated. 3.4 Verifiable Inference Please provide the text to be translated. The AI Agent's inference process is transparent and verifiable, guaranteeing their independence from external control or malicious interference, enhancing user trust. Please provide the text to be translated. 3.5 Have a memory function Please provide the text to be translated. With Retrieval Enhanced Generation (RAG) technology, AI agents can record and store information about user interactions, forming long-term memories. This allows them to provide more intimate services, such as remembering the user's preferences. Please provide the text to be translated. 3.6 Cross-Agent Communication Please provide the text to be translated. AI Agents can communicate and collaborate with each other to form a network for solving complex tasks. For example, different Agents can collaborate to complete a multi-step project. Please provide the text to be translated. 3.7 Flexible API and Tool Invocation Please provide the text to be translated. AI Agent can integrate and use various external APIs and tools, greatly expanding its functionality. For example, it can call weather APIs to plan trips for users or use financial tools to provide investment advice. Please provide the text to be translated. 3.8 self-owned computing capability Please provide the text to be translated. They can have their own computing devices and run tasks independently. This means that the AI Agent can break free from the reliance on centralized servers and become more decentralized and independent. Please provide the text to be translated. 3.9 Become a blockchain validation node Please provide the text to be translated. AI Agent can even participate in the blockchain network as a verification node. This not only enhances network security but also earns rewards through transaction verification, further achieving self-sufficiency. Please provide the text to be translated. Recently, the collaboration between Hyperbolic and the popular Base chain AI launch platform Virtuals Protocol has provided powerful technical support for AI agents, greatly enhancing their performance and self-development capabilities. Please provide the text to be translated. By connecting Virtuals Protocol's proxies directly to Hyperbolic's infrastructure, each agent receives the highly scalable compute resources, stable inference capabilities, and seamless dynamic interaction experience provided by the Hyperbolic API, maintaining efficient and consistent performance regardless of the number of agents or task complexity. Please provide the text to be translated. This cooperation not only enhances the computing power of AI agents, but also improves their adaptability and intelligence in diverse application scenarios. Please provide the text to be translated. For example, Hyperbolic's infrastructure provides intelligent NPCs (non-player characters) in the game with persistent memory and personality development capabilities. Please provide the text to be translated. In the game 'Legendary Quest', advanced AI agents from the Virtuals Protocol have been integrated. These NPCs can maintain consistent personalities based on player interactions, adjust behavior patterns based on past experiences, and even continue developing their own storylines when players are offline. Please provide the text to be translated. All of this is made possible by Hyperbolic's scalable computing network, which allows these NPCs to make complex decisions and evolve individually without affecting game performance. Please provide the text to be translated. This collaboration enables developers to transform AI concepts into practical solutions, driving innovative development in gaming, virtual assistants, education, content creation, and other fields. Please provide the text to be translated. 04 Comparison with competitors Please provide the text to be translated. 4.1 Partnerships Please provide the text to be translated. Hyperbolic has earned the trust of leading AI companies such as Hugging Face, Quora, Black Forest Labs, and Nous Research, and is also supported by top universities such as Stanford University, New York University, and the University of California, Berkeley, and more. Please provide the text to be translated. Hyperbolic's inference API allows developers to seamlessly create and share AI applications on Hugging Face Spaces, greatly simplifying the deployment and distribution process. Please provide the text to be translated. In addition, PhD students and postdoctoral researchers from Stanford University, Cornell University, and New York University can enjoy up to a 75% discount on GPU rentals, significantly reducing computing costs. Please provide the text to be translated. Hyperbolic's AI model, including the basic model, has now been launched on Quora's Poe platform, and developers can easily create and deploy chatbots, and directly achieve commercial realization through the platform. Please provide the text to be translated. 4.2 Optimized performance Please provide the text to be translated. Hyperbolic's proprietary compiler ensures that GPUs run efficiently, with performance that rivals or exceeds that of centralized systems. Please provide the text to be translated. 4.3 Superior model quality Please provide the text to be translated. All models feature BF16 precision, providing superior accuracy and performance ahead of competitors who still use FP8. Please provide the text to be translated. 4.4 Data Privacy and Security Please provide the text to be translated. Hyperbolic solves security concerns in AI validation with the Proof-of-Sample Protocol (PoSP) while achieving minimal computational overhead, giving it advantages over zkML, opML, and consensus-based alternatives. In addition, Hyperbolic does not store user data at all, further protecting privacy. Please provide the text to be translated. 4.5 Mature Real-time Products Please provide the text to be translated. Unlike many Web3 AI projects that are still under development or have limited access, Hyperbolic has already launched two products that are available in real time. Currently, over 40,000 Web2 developers are using their services. Please provide the text to be translated. 4.6 Unified Computing and Inference Please provide the text to be translated. Hyperbolic is the only enterprise that can provide both GPU compute and inference services on the same platform, enabling a unified computing solution. Please provide the text to be translated. In summary, compared to Web2 AI companies with 10 to 30 times larger teams, Hyperbolic has achieved performance that matches or even exceeds with a lean team, while providing a more cost-effective service through Web3 mechanism design. Please provide the text to be translated. And in the Web3 AI space, Hyperbolic is far ahead with its leading technology and has earned the trust of Web2 developers. Hyperbolic has built a high-speed and convenient bridge between the AI fields of Web2 and Web3, and has become an important cornerstone for the development of the industry. Please provide the text to be translated. 05 Financing Situation Please provide the text to be translated. On December 10th, Hyperbolic announced the completion of a $12 million strategic financing round led by Variant and Polychain Capital, bringing the company's total financing to $20 million. Please provide the text to be translated. This round of financing has also attracted well-known investors such as Chapter One, Lightspeed Faction, Bankless Ventures, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush. Please provide the text to be translated. Previously, Hyperbolic has completed a $7 million seed round of financing, led by Polychain Capital and Lightspeed Faction. Earlier, it also received $725,000 in pre-seed round financing, with investors including Chapter One and Samsung Next. Please provide the text to be translated. In addition, the angel investor lineup for this round of financing is also very strong, including Sreeram Kannan (EigenLayer), Devin Walsh (Uniswap Foundation), Ethan Sun (MyShell), Daniel Shorr (Modulus), Bidhan Roy (Bagel), Ying Sheng and Lianmin Zheng (LMSYS), Dillon Rolnick (Nous Research), Alex Atallah (OpenRouter), Chainyoda, Comfy Capital, Nicola Greco (Protocol Labs), Alex Atallah (OpenRouter) and Thomas Scott (former Worldcoin). Please provide the text to be translated. Jesse Walden, a partner at Variant, highly praises Hyperbolic: "Hyperbolic is the first company we have seen that truly solves the 'trust cost' problem in decentralized GPU networks while maintaining high levels of performance, quality, and user experience." Please provide the text to be translated. Hyperbolic's financing in the Web3 AI field is in a leading position, which fully demonstrates that its technical strength and the viability of its products have been favored and trusted by the industry's 'smart money'. Please provide the text to be translated. 06 Team Background Please provide the text to be translated. Co-founder Jasper Zhang graduated from the Mathematics Department of Peking University, and obtained a Ph.D. in Mathematics from the University of California, Berkeley in just two years. Please provide the text to be translated. Before founding Hyperbolic, he worked as a quantitative researcher at Citadel Securities and as a senior blockchain researcher at Avalanche. Please provide the text to be translated. Co-founder and part-time CTO Yuzhen Jin is a computer science Ph.D. from the University of Washington and previously served as a senior engineering manager at OctoAI before founding Hyperbolic. Please provide the text to be translated. The team members of Hyperbolic all have top-notch educational backgrounds, and the founder has a solid technical foundation. Several team members have previously collaborated with Avalanche. Please provide the text to be translated. The company's advisory team is also composed of top industry professionals. Please provide the text to be translated. Dr. Reynold Xin is the co-founder and chief architect of Databricks, a major contributor to Apache Spark, and the author of SIGMOD's most cited paper. Please provide the text to be translated. Prof. Raluca Ada Popa is an associate professor at the University of California, Berkeley, and the co-director of RISELab and SkyLab. She is also a co-founder of Opaque Systems. Please provide the text to be translated. Prof. Ciamac C. Moallemi is a professor at Columbia Business School, a Paradigm research consultant, and the director of the Briger Family Digital Financial Lab. Please provide the text to be translated. Prof. Yi Ma is the Director of the Department of Computer Science at the University of Hong Kong, a Chair Professor in the field of AI, and also a Computer Science Professor at the University of California, Berkeley. He is a fellow of IEEE, ACM, and SIAM. Please provide the text to be translated. 07 How to Participate Please provide the text to be translated. 7.1 Company Please provide the text to be translated. Hyperbolic offers cost-effective optimization solutions for businesses, reducing expenses on expensive API calls and high-cost machine rentals. Please provide the text to be translated. Hyperbolic's technical support can help organizations reduce costs by up to 75% without sacrificing consistent quality of service. Please provide the text to be translated. Meanwhile, in response to the inefficient use of resources caused by long-term GPU leasing agreements, Hyperbolic has introduced a resource reallocation mechanism that allows customers to sublease idle equipment to the platform. This model not only improves asset utilization, but also finds the optimal balance between flexibility and cost control. Please provide the text to be translated. 7.2 Researchers Please provide the text to be translated. Hyperbolic offers a wide range of GPU options at a fraction of the price of traditional cloud providers such as AWS. By providing cost-effective resources, Hyperbolic provides developers with the most competitive solutions on the market, helping them quickly turn innovative ideas into reality. Please provide the text to be translated. 7.3 Data Center Please provide the text to be translated. Hyperbolic provides a platform for those existing resources whose investment returns fall short of expectations or who hope to break through the traditional book value limitations to achieve higher returns. Please provide the text to be translated. 7.4 personal Please provide the text to be translated. The potential of high-performance GPUs should not be limited to the gaming industry. Through Hyperbolic, personal rented GPUs can be transformed into high-quality assets that generate continuous income. Currently in the whitelist phase, registration can be done in advance. Please provide the text to be translated. In addition, Hyperbolic offers a variety of large models for personal use. Users can perform activities such as text and image generation, voice reading, etc. Please provide the text to be translated. In the future, Hyperbolic will also build AI agents on Base for users to use. It's okay to stay tuned. Please provide the text to be translated. Hyperbolic Website: Please provide the text to be translated. app.hyperbolic.xyz?utm_source=x&utm_campaign=seriesA&utm_content=biteye Please provide the text to be translated. 08 Summary Please provide the text to be translated. Hyperbolic provides GPU markets, inference services, and sampling proof for this golden standard verification protocol, setting a new benchmark for reliable and high-performance AI in Web3 through maximizing GPU performance, higher precision models, and secure and economical solutions. Please provide the text to be translated. The emergence of Hyperbolic has made decentralized AI go from concept to practice. With its multi-source computing strategy, competitive pricing, and deep understanding of the needs of Web2 and Web3 clients, Hyperbolic occupies a unique position in the ecosystem. Please provide the text to be translated. Hyperbolic's efforts to democratize and efficiently use computing resources will drive the AI track and bring continued innovation and growth to the industry.

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