Crypto miners are harnessing their advanced equipment and low-cost energy for the burgeoning artificial intelligence sector. As the demand for computational power soars, these miners are uniquely positioned to profit from the AI boom.
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The article explores the transformative synergy between Artificial Intelligence
AI Meets Blockchain
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The Coin Bureau has been a trusted source, for insights into the macro world of cryptocurrencies for quite some time. Known for providing quality content on blockchain technology to a global audience this channel has truly excelled in delivering informative material. Their latest video on 𝐐𝐮𝐚𝐧𝐭𝐮𝐦 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 has garnered attention like the growing interest in ChatGPT signaling a potential shift, in our technological landscape. Quantum Computing simplifies the concept of empowering computers with capabilities. Unlike computers that rely on bits (0s and 1s) to process data quantum computers use quantum bits, known as qubits. These qubits have the ability to exist as both 0 and 1 simultaneously through a principle called 𝐬𝐮𝐩𝐞𝐫𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧. This feature enables quantum computers to perform calculations at speeds beyond current technologies reach. However, the impact of Quantum Computing poses a challenge in terms of 𝐜𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲. The security measures that safeguard our data-from personal emails, to business communications, financial transactions and security protocols protecting cryptocurrencies and NFTs-rely on cryptographic algorithms that could be easily compromised by quantum computing. This vulnerability presents a risk potentially exposing financial data compromising the integrity of cryptocurrencies and threatening global economic stability. The consequences for both businesses and individuals are far reaching. Companies need to reassess their data protection strategies as encryption methods could quickly become outdated leaving secrets and intellectual property vulnerable. For individuals the privacy of communications like emails could be at risk leading to levels of personal data exposure. Addressing these challenges requires a stance on 𝐪𝐮𝐚𝐧𝐭𝐮𝐦 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲. Developing 𝐪𝐮𝐚𝐧𝐭𝐮𝐦-𝐫𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐭 methods is crucial to ensuring protection of digital information in a post quantum world. This entails investing in research and embracing standards capable of withstanding the computational power of quantum computers. As we approach the era of quantum technology it is vital for businesses, tech experts and policymakers to grasp the nature of quantum computing. Its potential, for innovation and its ability to disrupt security frameworks. By focusing on advancing quantum technologies we can ensure the safety of our systems uphold individual privacy and fortify the security of our online realm. https://lnkd.in/dmBFyjVe
Quantum Computing Will Be Bigger Than AI! What You Need To Know!
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Outpacing the Universe: Google's Quantum Leap. Yesterday, Google unveiled its newest quantum computing chip, Willow, and it's like something out of a Sci-Fi movie. The chip reportedly solves problems in 5 minutes that would take the world's fastest supercomputers 10,000,000,000,000,000,000,000,000 years! No, I didn't just fall asleep on my keyboard that is 10 septillion years, which is 724.6 trillion times older than the universe itself! What could this mean for financial services? With this sort of computing power, the oppourtunity exceeds well beyond financial services. However, here is how the industry could and probably will be redefined: Risk Decoded in Real-Time: Imagine analyzing global market risks faster than a blink, quantum computing makes this precision possible. Fraud Becomes Fiction: What if fraud was detected and blocked before it even happened? Quantum algorithms could create a world where anomalies are a thing of the past. Portfolios Perfected: Picture crafting the ultimate portfolio, balancing risk and reward with calculations so precise, it feels like fortune-telling. Trading Like Never Before: Quantum intelligence could unearth patterns and strategies we can’t even fathom today, turning complex markets into comprehensible books. A New Era of Security: As quantum cracks traditional cryptography, we could see an entirely new wave of financial security built to withstand this next frontier. Unimagined Financial Products: The birth of financial instruments shaped by quantum insights, opening doors to accessible wealth creation we can’t yet define. A Global Pulse: Processing international market dynamics in less than seconds could make global trading seamless and hyper-intelligent, linking opportunities in ways we’ve never seen. Quantum computing is rewriting the rules. It’s a launch for innovation, a doorway to transformation, and a chance to dream big. However, with significant power comes significant responsibility. Can human nature handle it?
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My top 10 groundbreaking innovations of the 21st century: 1) Bitcoin -An alternative financial system based on cryptography and mathematics. Finite. Sovergn. Transparent. 2) Quantum Computing -New computing method with the potential to exponentially increase computer capabilities. 3) Artifical Intelegence -Training and deployment of large language models (LLM’s) to increase productivity and transform entire industries. AI is the brain, each industry is a body part. 4) Semiconductors -These aren’t new, but have become increasingly important as we move into a technological era. Semiconductors are a specialized component of computer chips that are needed in virtually every industry. 5) Genetics & DNA -Groundbreaking genome editing procedures unlock new possibilities for precision medicine. 6) Internet -Commonly overlooked by my generation, but the Internet was relatively new in 2000. Already in a quarter-century has the Internet become an absolute necessity for society. 7) Robotics and Automation -The ability to leverage AI to create machines that can replicate human-quality tasks, and learn and improve automatically over time. 8) Renewable Energy -While not new, energy independence is something the world is still fighting for. The commercialization of renewables like solar, water, and wind with improving battery technology could lead to expanded energy access globally. 9) AR/VR -While in its infancy, AR/VR technology has already shown promising applications in healthcare, education, entertainment, gaming, and more. 10) $MSTR and CEO Michael Saylor -A masterclass in a publicly traded technology company adopting a Bitcoin standard. Issuing stock and debt (in USD) and using profit to purchase more Bitcoin, Saylor has set a flywheel in motion. Time will tell. SP500 addition likely soon. Let me know what you think about any of these innovations! **Not investment advice. For education only.
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MacKenzie Sigalos's recent article in CNBC's Crypto World highlights our plans to expand our #AI and #HPC business, our recently announced deal with CoreWeave, and more! Check out the full article here: https://lnkd.in/eT9uFiHz
Bitcoin miners sink millions into AI businesses, seeking billions in return
cnbc.com
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Bitcoin miners, facing declining revenues due to rising costs and reduced rewards, are partnering with AI companies to repurpose their data centers, hoping to capitalize on the high demand for GPUs used in AI processing. Companies like Core Scientific are striking lucrative deals with AI firms, like a $4.7 billion agreement with CoreWeave, to host AI operations, signaling a significant shift in the industry’s strategy towards more stable revenue sources. This trend is driven by AI's intense need for high-performance computing power and large-scale data infrastructure. Read the full article from the Financial Times at https://lnkd.in/eidAw9xK Subscribe to our newsletter at www.legalleaderscircle.com
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The jobs of tomorrow need students learning/participating in STEM with Early Engagement. Here is one more example of career paths with AI.
Just off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping point along a cross-country cattle trail in the days of the American Old West, the small outpost is now getting into the burgeoning artificial intelligence business. Houston-based tech company Lancium and Denver-based Crusoe Energy Systems announced on Thursday morning a multibillion-dollar deal to build a 200-megawatt data center just outside Abilene, Texas, that is designed to “meet the unique needs of AI companies.” It is the first phase of a larger 1.2-gigawatt build-out.
Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
cnbc.com
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#CESS Monthly Technical Report for August 2024 is now live! 🎉Dive in here 👉 https://lnkd.in/gk8u854W Get the latest insights on our progress, including key developments in decentralized storage and content delivery, network upgrades, and what’s next for the #CESS community. #AI #DePIN
CESS Aug 2024 Monthly Technical Report
medium.com
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Specifically, it explores how to incentivize geo-distributed service providers (a.k.a., nodes) to contribute towards a globally optimal goal and verify decentralized resources (such as bandwidth, computing power, and storage space) to ensure they function as promised, aiming to establish a truly trustworthy AI
Decentralized AI On Blockchain Rivals OpenAI's Lead
forbes.com
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Let's dive into the data world! The latest DePIN report highlights the crucial role of Data Capture & Management in boosting company profits. Better data is key to unlocking more revenue opportunities. What sets 375ai apart? One of our standout features is our purpose-built hardware, the 375edge nodes, as well as upcoming form factors. This hardware enables us to collect a vast amount of top-notch multimodal data processed at the edge leveraging NVIDIA GPUs and AI. Check us out at 375.ai. For data buyers, this translates to high quality, accuracy, and actionable insights from both real-time and historical data. Any question about the value found there? In a word...big. Explore the full DePIN report for more insights: https://lnkd.in/gRgvsEbD
DePIN's Imperfect Present & Promising Future: A Deep Dive - Compound Writing
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