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 Tromero, an innovative startup, just bagged £1.5m in seed funding. Its mission is ambitious: repurposing crypto mining networks for <a href="https://ultramining.com/news/en/monster-api-repurposes-dormant-crypto-mining-rigs-for-ai-models-training/" rel="noopener noreferrer nofollow">AI training</a>. The founders, Charles Higgins and Sophia Kalanovska, see a unique opportunity as the demand for AI training surges, according to <a href="https://www.uktech.news/ai/tromero-crypto-raises-1-5m-20230718" rel="noopener noreferrer nofollow">uktech</a>.&nbsp; 
 Crypto miners use potent GPU setups to solve complex math problems. In return, they earn cryptocurrencies. But recently, plunging crypto prices have made the process less lucrative. Tromero aims to give these GPUs a new lease on life. 
 Tromero plans to unite the crypto mining process with AI training. This strategy would efficiently utilize the computational power of GPUs. Furthermore, it provides a decentralized alternative to the current cloud-based GPU clusters. 
 Crypto miners can contribute their computing power and earn income. Thus, idle GPUs, once used solely for crypto mining, gain a fresh purpose. Sophia Kalanovska, co-founder of Tromero, highlights that they won't let GPUs waste on 'meaningless hashing'. 
 The funding, led by BlueYard Capital, will support Tromero in developing their beta version. They plan to launch their service in 2024. Tromero promises a future where everyone can create AI, and no GPUs go to waste. As the demand for machine learning models rises, Tromero stands ready to deliver. 
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Tromero Seizes the Day, Raises £1.5m to Blend Crypto Mining with AI Training

Ultramining_Eng

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