Gensyn

Gensyn's business model is based on the concept of peer-to-peer (P2P) networking. This means that any device, whether it's a consumer-grade graphics processing unit (GPU), a custom application-specific integrated circuit (ASIC), or a system-on-a-chip (SoC) device, can connect to the Gensyn network and participate in AI training. These devices submit proofs to the Gensyn blockchain to confirm that they have trained the model as requested.

The company's approach to AI training is permissionless and decentralised, a concept endorsed by Edward Snowden in 2022. This means that anyone can join the network without needing approval from a central authority. It also means that the network's resources are spread out across many devices, rather than being concentrated in one place.

Gensyn's revenue model is not explicitly stated, but it likely involves charging users for access to the trained AI models or for the computational resources used in the training process. By not charging a margin like traditional cloud service providers, Gensyn can offer a more affordable solution for AI training.