Hyperbolic.xyz - Decentralized AI Infra
What we know so far.
Overview
Hyperbolic.xyz, also referred to as Hyperbolic Labs, is an open-access AI cloud platform focused on creating decentralized, verifiable, and cost-effective AI infrastructure. The platform aggregates idle computing resources to democratize AI development, making high-performance GPU access and AI services affordable and accessible.
The project emphasizes decentralization, trustless computation, and innovative technologies to enable the next generation of scalable AI applications.
Key Services
GPU Marketplace
Offers affordable, on-demand GPU access with diverse rental options.
Trusted by academic institutions like Cornell, NYU, and Stanford.
Transitioned from alpha to beta phase with growing adoption:
Over 10,000 GPUs rented.
More than 1,000 users.
33,000 GPU hours processed.
AI Inference Services
Hosts open-source AI models for tasks like text-to-text and text-to-image inference.
Provides access to cutting-edge models for rapid experimentation.
AgentKit
Introduced as the first AI agent equipped with its own computer.
Represents a pioneering approach to autonomous, decentralized AI agents.
Technological Innovations
Proof of Sampling (PoSP)
Developed with researchers from UC Berkeley and Columbia.
Ensures scalable, secure, and fraud-resistant AI operations.
Functions as an Actively Validated Service (AVS), optimizing security, efficiency, and scalability.
Decentralized AI Infrastructure
Aims to remove reliance on centralized systems, introducing trustless and verifiable AI computation.
Enables verifiable inference to ensure transparency and data integrity.
Secure Multiparty Learning (SpML)
Enhances privacy and confidentiality in decentralized AI computations.
Investors
Hyperbolic has raised significant funding through multiple rounds, attracting an impressive list of investors:
Pre-Seed Round (January 2023)
Amount Raised: $725,000
Investors:
Samsung NEXT (also an investor in Theta Labs)
Other pre-seed investors include: Chapter One, Modular Capital, Blizzard Fund by Avalanche, IMO Ventures, SNZ Holding, Ausvic Capital
Seed Round (July 2024)
Amount Raised: $7 million
Lead Investors: Polychain Capital, Lightspeed Faction
Participating Investors: Chapter One, LongHash Ventures, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, Third Earth Capital
Angel Investors: Balaji Srinivasan, Illia Polosukhin, Sandeep Nailwal, Casey Caruso, Tekin Salimi, Santiago Santos
Series A Round (December 2024)
Amount Raised: $12 million
Lead Investors: Variant, Polychain Capital
Participating Investors: Chapter One, Lightspeed Faction, Bankless Ventures, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, Ambush
Angel Investors: Sreeram Kannan (EigenLayer), Devin Walsh (Uniswap Foundation), Ethan Sun (MyShell), Daniel Shorr (Modulus), Nicola Greco (Protocol Labs)
The Team
Hyperbolic’s leadership comprises a distinguished group of experts in AI, blockchain, and technology development:
Founders
Dr. Jasper (Yue) Zhang – Co-Founder & CEO
Completed a Math Ph.D. at UC Berkeley in two years.
Gold Medalist at the Alibaba Global Math Competition and Chinese Mathematical Olympiad.
Previously worked at Ava Labs and Citadel Securities.
Dr. Yuchen Jin – Co-Founder & CTO
Led Relax, an innovative AI compiler within Apache TVM.
Holds a Ph.D. in Computer Science from the University of Washington, with publications at top conferences like ICLR and SIGCOMM.
Key Team Members
Matthew Epps – Lead Frontend Engineer
Former Senior Engineer on the MetaMask Portfolio team.
B.A. in Economics from the University of Chicago.
Joelly Gloria – Marketing Lead
Launched consumer products at Louis Vuitton, IBM, and Ava Labs.
Holds a B.S. in Marketing and Data Analytics from NYU.
Jeremy Hazan – Business Operations Lead
Dual master’s in Information Science from Cornell.
Co-founded the Cornell Tech Blockchain Club.
Christian Ondaatje – Founding Platform Engineer
Specialized in decentralized Kubernetes and large-scale crypto mining.
B.A. in Computer Science from Harvard College.
Viktor Lantos – Senior Full-Stack Engineer
Fintech background, now focused on decentralized AI.
Advisors
Prof. Ciamac C. Moallemi – Advisor
Professor at Columbia University and Research Advisor at Paradigm.
Reynold Xin – Advisor
Co-Founder of Databricks and main contributor to Apache Spark.
Prof. Raluca Ada Popa – Advisor
Professor at UC Berkeley specializing in secure AI and cryptography.
Prof. Yi Ma – Advisor
Chair Professor in AI at Hong Kong University and Professor at UC Berkeley.
Community and Partnerships
Active collaborations with academic institutions such as Cornell, UC Berkeley, NYU, and Stanford.
Partnerships and engagement with DAOs and blockchain-focused entities, including @ai16zdao, @irys_xyz, and @LitProtocol.
Notable Connections
Samsung NEXT, an investor in Hyperbolic, is also a prominent backer of Theta Labs, highlighting potential synergies in the decentralized AI and blockchain space.
A vigilant community member recently pointed out that Jieyi Long, the CTO of Theta Labs, follows the Hyperbolic X (formerly Twitter) account, indicating possible alignment or interest between the two projects.
Sentiment and Perception
Community Sentiment and Online Discourse Surrounding Hyperbolic.xyz
The online discourse surrounding Hyperbolic.xyz, particularly on X (formerly Twitter), reflects a predominantly positive sentiment. Discussions about the project frequently highlight its innovative approach to decentralized, verifiable, and cost-effective AI infrastructure, showcasing the community's enthusiasm for its potential.
Positive and Neutral Chatter: Most posts highlight Hyperbolic’s innovative technology, including its GPU marketplace, AgentKit, and PoSP framework. These discussions emphasize the project's leadership in decentralized AI infrastructure.
Lack of Significant Criticism: There is minimal evidence of widespread or vocal criticism on X. Any feedback tends to be constructive rather than overtly critical, suggesting that Hyperbolic is effectively managing its reputation and addressing community concerns.
Engagement as a Strength: The team’s active communication and transparency appear to have mitigated potential criticisms, fostering trust and goodwill within their community.
Partnerships and mentions alongside entities like @ai16zdao, @irys_xyz, and @LitProtocol suggest a robust network of collaborations and shared interests.
Important Note
Online discourse, whether positive or negative, should not be regarded as definitive evidence of a project's actual potential or success. The presence of positive commentary and the absence of criticism do not necessarily correlate with a project's viability or future performance. Observations and opinions shared online are subjective and may not reflect the full scope of the project's strengths, challenges, or long-term prospects. Always consider multiple sources and conduct thorough research for a balanced perspective.
Funding and Growth
Total funding to date: $20 million across Pre-Seed, Seed, and Series A rounds.
Plans to launch its own blockchain in 2025 to further its vision of collectively governed AI.
Getting Started
Users can create an account at app.hyperbolic.xyz to explore services.
New users receive $10 in credits for GPU rentals, with access to a user-friendly AI Dashboard and ecosystem.
Conclusion
Hyperbolic.xyz is pioneering a new era in AI and blockchain by combining cutting-edge technologies with a decentralized infrastructure. With strong investor backing, a growing community, and increasing adoption, Hyperbolic is set impact how AI is accessed and developed globally. The notable connections to Theta Labs (Samsung NEXT being a mutual investor and Jieyi following Hyperbolic on X) underscore the project's potential to partner with or leverage Theta Network technology. We will have to continue to monitor project execution and how their token generation event goes.
Disclaimer: None of this is financial or professional advice. Always do your own research and consult trusted advisors. Keep your fiat in your Deep State-controlled bank accounts where it is nice and safe.
In Memoriam: RIP Harambe, and Peanut.
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