Pi Network’s (PI) Price Rises 16% Again as Team Unveils Distributed AI Computing Systems

This project has released a case study that shows that a large number of nodes can support the training of a standardized AI and computing the spare processing power of usng.

Pi Network’s native token has been on an incredible run lately, torturing the market as a whole by registering consecutive double-digit gains that led to a new three-month rally above $0.23 earlier today.

The most likely reasons for these gains are related to protocol updates and the latest Pi Node research published by the team earlier this week.

A Case Study

The team’s statement revealed that they are exploring how a global network of distributed nodes can support standardized AI training and computing tasks, which could open up a new layer of functionality without securing the Pi Network blockchain.

They say the network itself is energy efficient and does not require the full computing capacity of its global community of nodes. As a result, much of that unused computing power is still available on thousands of machines running Pi Nodes.

The team believes that this unused capacity can be used by third parties that need large-scale computing resources, especially for AI model training and targeting workloads. Pi Node operators who choose to participate in such a program can borrow their computing resources and receive cryptocurrency-based compensation for completing computing tasks.

With more than 421,000 Pi Nodes around the world, representing more than a million CPUs, the network already functions as a large distributed computing environment, the statement continued. Its ecosystem includes tens of millions of KYC verified users who can provide personalized input for AI training jobs.

“This, in addition to the computing power from the Pi nodes, can provide a unique resource for scalable, human-authentic input into AI systems, and complete a one-stop service for AI customers.”

The team said it has already run a pilot with 7 volunteer Pi Node operators. The results were quite promising, as the tasks were “well pushed to external testers (volunteer Pi node operators) and valid results were returned to OpenMind.” They added that the use case has been proven: A Pi Node can log in to run calculations defined and requested by a third party, unrelated to their blockchain obligations, and return meaningful results to the third party client.

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PI’s Rally

In addition to the promising news of the large community of Pi Node, another possible reason behind the great run of the token recently can be associated with the successful start of the development of the protocol v19.9 and the next one to come – v20.2, which should be completed on March 12.

PI continues to be the top performer among large-cap alts, rising 16% daily to above $0.23. This is the highest price tag in almost three months. The asset is now the 40th-largest, according to CoinGecko, with a market cap of more than $2.2 billion.

Even the huge number of tokens opened today (about 21 million) could not shake it. However, the upcoming schedule shows that there are similar dates to come, which could lead to an upcoming fix.