Search Results for: van eck

“Tencent’s new large language model, Hunyuan, features over 2 trillion training parameters, promising more efficient data processing. However, questions about data-handling accuracy persist. Meanwhile, South Korea witnesses an $83 million crypto scam, underscoring the need for greater transparency and accountability in the cryptosphere.”

Jamaican cab drivers are optimistic about the nation’s Central Bank Digital Currency, “Jam-Dex”, aiming to revolutionize public transportation by eliminating cash and its associated security concerns. Despite a lukewarm public response, proponents believe Jam-Dex could significantly improve daily transactions if successfully adopted by customers.

Iris Energy acquires 248 state-of-the-art Nvidia GPUs worth $10 million, aiming to explore the domain of generative AI and Bitcoin mining. The company, already operational in renewable-rich locations, faces competition from Genesis Digital Assets Limited and sustainability concerns. Critics fear overburdening power resources and possible future bubble bursts.

Crypto startup, Auradine remarkably secured $81 million in its first funding round without a product or a single customer. The vision is to fabricate hardware for Bitcoin mining, enhanced cryptography, and artificial intelligence. The company also attracted “inbound interest for a follow-on round of funding.”

Cross the Ages, a free-to-play mobile card game, allows users to mint cards as NFTs on the Immutable X blockchain. With unique mechanics centered around deck-building and strategy, this game offers an NFT-driven gaming experience without sacrificing free gameplay. The game combines NFTs and CCGs, while letting players decide their level of blockchain interaction.

Blockchain technology offers transparency, traceability, and trust, which could offset some opaqueness associated with AI. Integrating blockchain may enhance transparency in AI models and ensure responsible AI governance standards, providing accountability and promoting ethical practices amid growing concerns about AI’s societal impact.

Aave’s Lens Protocol, a decentralized social media solution, has raised $15 million to develop a blockchain-backed platform that gives users control over their profiles, connections, posts, and data. Promising innovative monetization models and profitable businesses sharing revenue equitably, Lens aims to create an interconnected web of decentralized apps accessible through a universal profile.

Saudi Arabia and China are collaborating to create AceGPT, an Arabic-based AI system designed for Arabic queries. Despite its potential, concerns arise over misuse of sensitive information and neglect of safety checks. Meanwhile, the blockchain Industry Recovery Initiative receives criticism for lack of funding transparency amid falling crypto venture funding.

“China Daily, a CCP-owned newspaper, intends to launch an NFT platform in collaboration with a third-party blockchain firm. With a fund amounting to 2.813 million yuan, the aim is to foster Chinese civilizational influence through tech including Blockchain, AR/VR, NFTs, cloud computing and big data.”

The Banque de France views central bank digital currency (CBDC) as a crucial component for the new international monetary system, enhancing cross-border payments. It’s being considered from an international perspective right from the outset. Two potential development pathways include building interoperability with legacy systems and creating regional or international platforms for CBDCs.

yPredict, a rising contender in cryptocurrency and blockchain technology, offers AI-powered analytics solutions via its utility token, YPRED. It’s aiming to integrate AI with cryptocurrency, a blossoming sector, and provide tools like AI-assisted content generation and trading signals. However, its challenge to secure a substantial market share in a crowded space remains.