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Akash Network Is The Airbnb Of Cloud

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Guest: Greg Osuri
Show: Let’s Talk

How planning for peak loads leaves behind lots of compute

Akash Network is the world’s first decentralized and open-source cloud, which accelerates deployment, scale, efficiency, and price performance for high-growth industries like blockchain and AI/ML. Known as the “Airbnb for Cloud,” Akash Network provides a fast, efficient, and low-cost application deployment.

According to Greg Osuri, Founder and CEO of Akash Network, “We have enormous supply that’s being unlocked in data centers because it turns out 85% to 95% of the compute in data centers remain unused.” Why is that happening? Osuri believes it’s because most developers and businesses plan for peak usage, but companies only minimally experience those peaks. That leaves behind unused capacity. Akash Network’s vision is to unlock its capacity to a marketplace and a creative cloud that is open. This leads, according to Osuri, to a price point that’s market driven and not institution driven. Akash Network addresses this by being the first open-source, peer-to-peer permissionless, and self-serving cloud.

What exactly is the decentralizing of the cloud? Osuri answers that with, “Decentralized cloud is essentially a network where the computation resources that serve the network are not under a single control. Right? There is no single point of control, there’s no single point of failure and it’s inherently distributed.” Osuri also mentions that, with the decentralized cloud, your data and your computation are not in one silo, but distributed and that your state is shared. According to Osuri, the benefits of a decentralized cloud are a market-driven price, a product that puts users of the system first, and resources that are less likely to go down.

As Osuri puts it, all of this equates to Akash Network costing about one-third of what you’d pay for Amazon cloud.

One final point Osuri makes is on data gravity (the idea that data and applications are attracted to each other in a similar manner as objects according to the Law of Gravity). The problem with data gravity is a pricing problem, not a technological issue. To this, Osuri says, “The root of this problem is the egress cost.” He continues, “Paying ingress means paying less egress. So it’s always a balance at the end of the day. And for us to ensure that the providers are profitable and sustainable, at the same time the cost is acceptable to our customers, is where we focus our energies on.”

Video Summary was written by Jack Wallen

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