11:18 AM EST, 01/24/2025 (MT Newswires) -- Blockmate Ventures ( MATEF ) said Friday its investee Hivello Holdings partnered with artificial intelligence development platform AIxBlock to integrate decentralized computing power into AI applications.

AIxBlock offers a comprehensive development platform to build, train and deploy AI models that typically have high computing power requirements to function optimally, Blockmate ( MATEF ) said.

According to Blockmate ( MATEF ), the AIxBlock ecosystem features an end-to-end AI development platform, a compute marketplace, dataset marketplace, and human resources for AI.

With the Hivello platform offering its users a passive income stream in exchange for their unutilized computing power, Blockmate ( MATEF ) said Hivello will extend these capabilities into the AIxBlock, enabling their users to leverage a substantial network of decentralized computing power.

"With the rise of AI, many of the most innovative apps require a substantial amount of computing power which can be costly to access via traditional data centers," said Justin Rosenberg, Blockmate's ( MATEF ) chief executive. "But through this partnership, Hivello and AIxBlock aim to unlock new possibilities in both the decentralized computing space and AI space by providing developers an alternative to centralized data centers while giving Hivello users even more opportunities to rent out their unused computing power for passive income."

Blockmate ( MATEF ) shares were last seen up $0.005 to $0.31 on the TSX Venture Exchange.

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