BEAM Foundation launches $40m initiative for AI and crypto computing

Aethir, Beam Foundation, and MetaStreet have partnered to launch Tactical Computing, a $40 million initiative designed to meet the growing demand for computing power in artificial intelligence and blockchain.

The startup uses Aethir’s decentralized GPU network, Beam (BEAM) Investments, and MetaStreet’s DeFi infrastructure to create opportunities to monetize computing resources.

Tactical Computing will operate under Tactical Computing Holding Limited, focusing on computing-related opportunities such as hardware financing, private yield arbitrage and network bootstrapping, as detailed in the Beam Medium post.

Introducing Tactical Compute.@BeamFDN x @AethirCloud x @metastreetxyz

A $40M initiative that leverages the rising demand for computing power.

Operating at the intersection between crypto and artificial intelligence 🧠

Supported by @sophon.

Learn more 🔍 pic.twitter.com/Hsq4e6WOau

— Beam Foundation (@BeamFDN) December 6, 2024

These efforts focus on meeting the growing demand for computing resources while integrating crypto-based innovations.

Tactical Computing plans to address this imbalance by finding profitable opportunities in the computing market. An example of this is the “farming” of Aethir (ATH) tokens; This is similar to earning credits for using Aethir’s GPUs, much like Azure credits for Microsoft’s cloud infrastructure.

Industry support and targets

The Beam Foundation is contributing $5 million to the initiative, alongside key backers including the Sophon Foundation.

According to Aethir CEO Daniel Wang, the partnership “positions us to unlock new opportunities to monetize computing resources and drive innovation in scalable artificial intelligence and decentralized technologies.”

MetaStreet, through its development arm Permian Labs, brings its expertise in DeFi tools for financing GPU-powered nodes. Co-founder David Choi stated that Tactical Computing “builds on our foundation by addressing the growing demand for computing infrastructure, driving innovation at the intersection of crypto, AI, and infrastructure.”