The artificial intelligence industry has been increasingly dominated by large corporations like Microsoft and Google. That makes it tough for smaller outfits to compete, especially when so much of A.I. relies on expensive graphics processing units, or GPUs, for computing power.
That access gap is where one company sees a market opportunity, and a chance to even the playing field. Hyperbolic is a platform that provides computing power to small A.I. companies by buying unused time on GPUs from data centers and individual machines, and selling that to developers. It just raised $12 million in a Series A funding round led by Polychain Capital and Variant, bringing their total raised to $20 million.
