$1B valuation for a 20-person team says the scarce asset is not codegen UX, it's access to people and GPUs that can close the AI R&D loop. Nvidia joining the round matters because an agent that “controls its own GPUs” turns infra allocation into part of the product. For Akash, Render, io.net, and other decentralized compute plays, the comp is uncomfortable: buyers may want managed research loops with evals and scheduling baked in, not just cheaper FLOPs.

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