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2024 Year in Review: Hyperbolic’s AI Rainforest Takes Root

2024 has been an incredible year at Hyperbolic. From closing funding rounds, to cultivating our AI Rainforest, and letting our community lead the way—look back at what an incredible year it’s been with us.
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Planting the Seeds of Innovation

This year marked a pivotal moment in our journey as we secured both Seed and Series A funding rounds, led by visionary partners Variant Fund, Polychain Capital, and Lightspeed Faction.

But beyond the capital, we've also enriched our ecosystem with extraordinary minds. We have been honored to welcome an exceptional advisory team including:

  • Professor Ciamac C. Moallemi, Professor of Business, Decision, Risk, and Operations at Columba University guiding us through our GPU exchange, revenue-sharing models for Web3 AI agents, and our upcoming blockchain and token launch.

  • Reynold Xin, Co-Founder and Chief Architect of Databricks, sharing his years of experience leading large-scale technical projects and commercializing open-source technologies. 

  • Professor Raluca Ada Popa, Professor at UC Berkeley and Co-Director of RISELab and SkyLab, advising on optimizing user data privacy and performance.

  • Professor Yi Ma, Head of CS and Chair Professor in AI at HKU and CS Professor at UC Berkley, lending his expertise in creating transparency in AI models.

Cultivating Community

At Hyperbolic, we know that we can’t get anywhere without our community of AI builders and innovators. This year, we launched our ambassador program, bringing our community center stage.

With this program, we have been able to sponsor 10 AI After Hours Meetups, where our ambassadors have engaged those in their local communities committed to open-source and decentralized AI. At these meetups we’ve seen ideas cross-pollinate and innovation thrive.

Our Ambassador Program and AI After Hours Meetups embody our vision of an AI ecosystem that's truly of the people, by the people, for the people. If you’re interested in co-hosting a future event connect with us on Discord or apply to join our ambassador program.

The Rainforest Comes Alive: Product Milestones

GPU Marketplace Goes Alpha

Since launching our decentralized GPU Marketplace, it has transformed from vision to reality, matching underutilized compute power with those looking to push the boundaries of AI. The numbers tell a compelling story:

  • 10,000 GPUs rented to 1,000 pioneering users

  • 33,000 GPU hours matched and processed

  • Up to 75% cost savings compared to traditional providers

Verifiable Inference Service

Our verifiable inference service has blossomed beyond our expectations:

  • 98,000 unique users exploring the platform

  • Over 59 million inference requests processed across 25,000+ users

  • 38 cutting-edge open-source models supported

Proof of Sampling (PoSP)

We've introduced our groundbreaking Proof of Sampling protocol, setting a new standard for verified AI outputs in decentralized systems. This innovation ensures that our ecosystem remains both trusted and efficient. Since our launch, EigenLayer and Karak Network have both implemented PoSP

Growing Together: Strategic Partnerships

The strength of any ecosystem lies in its interconnections. We've been fortunate to collaborate with some of the leading innovators in AI and Blockchain.

Virtuals Protocol

The Virtuals ecosystem has reshaped the AI agent landscape in Web3. Partnering with Virtuals means that developers building AI agents have to Hyperbolic’s AI Inference service, compute, and AgentKit allowing them to build agents who are free to train themselves, tap in to the the latest open-source AI models, autonomously control their own compute, and do anything a human can with a computer – all while be 100% verifiable thanks to our Proof of Sampling (PoSP) protocol, the gold standard for verification.

NEAR

The NEAR Protocol ecosystem shares a vision with Hyperbolic—an AI future where any developer can access AI tools owned by the community, not tech giants.

In 2024 we partnered with NEAR to power their AI Developer tools with our decentralized AI infrastructure.

Poe by Quora

In partnership with Poe, we gave their users access to the state-of-the-art Llama 3.1 and Hermes family models through our Inference Service. Through this partnership we have been able to support Poe’s users in creating more advanced and diverse chat-based services.

Nous Research

We’ve partnered with Nous Research to further develop the revenue sharing capabilities of Hyperbolic. By hosting their Hermes 3 model, we are providing high performance inference at a fraction of the cost to support innovation in Crypto AI.

Black Forest Labs

Partnering with Black Forest Labs (BFL), we brought FLUX.1 onto Hyperbolic—adding a powerful text-to-image tool to our open access AI ecosystem. Thanks to our revenue-sharing partnership, BFL can tap into Hyperbolic’s 40,000+ developers.

Hugging Face

At the forefront of AI development we have enabled builders in our community to seamlessly deploy their AI apps to Hugging Face’s AI app building framework, Gradio. Through this partnership we have empowered our community to take their ideas to the next level. Some of the projects we’ve deployed are: 

EigenLayer

We’re thrilled to collaborate with EigenLayer to bring the innovative Proof of Sampling (PoSP) technology to the blockchain, integrating it into EigenLayer’s restaking protocol to build a more verifiable Web3. Hyperbolic’s PoSP now powers verification for Actively Validated Services (AVS) restaking, aligning participants around honest computation to deliver secure, scalable, and cost-effective AI services. This integration achieves up to 75% cost savings, reduces fraud risk through random audits, maintains minimal computational overhead at just 0.735%, and delivers performance comparable to centralized solutions, all without tradeoffs.

Looking Ahead: The Rain Will Fall

While 2024 has been remarkable, we're even more excited about what 2025 holds. As we prepare for our blockchain and token launch, we're not just expanding our infrastructure—we're reimagining what's possible when AI is truly decentralized.

The launch of our blockchain will mark a new chapter in decentralized AI, enabling:

  • Collective governance of AI infrastructure

  • Transparent resource allocation

  • Community-driven model development

  • Sustainable incentives for GPU providers

  • A decentralized AI economy

Join our Discord to be the first to know when we launch on a blockchain in 2025.

Join Us in the AI Rainforest

As we close this chapter of our journey, we're filled with gratitude for our community – the developers, researchers, partners, and enthusiasts who've helped make our vision of an AI Rainforest a reality. Every line of code, every GPU rented, every model deployed has contributed to building a more accessible and equitable AI future.

2024 was just the beginning. In 2025, we invite you to join us as we continue to grow, innovate, and push the boundaries of what's possible in decentralized AI. The rain is about to fall, and the forest will flourish.

Let's go Hyperbolic together at app.hyperbolic.xyz.

About Hyperbolic

Hyperbolic is democratizing AI by delivering a complete open ecosystem of AI infrastructure, services, and models. Through coordinating a decentralized network of global GPUs and leveraging proprietary verification technology, developers and researchers have access to reliable, scalable, and affordable compute as well as the latest open-source models.

Founded by award-winning Math and AI researchers from UC Berkeley and the University of Washington, Hyperbolic is committed to creating a future where AI technology is universally accessible, verified, and collectively governed.

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