Blockchain Press Releases
Prestigious science journal Nature publishes paper about Pangu Weather AI Model authored by HUAWEI CLOUD researchers
Meteorological model shows strong performance when compared with traditional prediction in speed and accuracy
SHENZHEN, China, July 6, 2023 /PRNewswire/ — HUAWEI CLOUD announced that a paper about its breakthrough Pangu Weather AI model has been published by Nature, one of the world’s top scientific journals.
The publication marks the first time that employees of a Chinese technology company are the sole authors of a Nature paper, according to Nature Index. The paper, describing how to develop a precise and accurate global AI weather forecast system based on deep learning using 43 years of data, appeared in the prestigious journal on July 5, 2023.
Pangu-Weather is the first AI prediction model to demonstrate higher precision than traditional numerical weather forecast methods. The model allows a 10,000x improvement in prediction speed, reducing global weather prediction time to just seconds. The paper, titled “Accurate medium-range global weather forecasting with 3D neural networks,” provides independent verifications of these capabilities.
Pangu-Weather challenges the previously held assumptions that the accuracy of AI weather forecast is inferior to traditional numerical forecasts. The model, developed by the HUAWEI CLOUD team, is the first AI prediction model with higher precision than traditional numerical prediction methods.
With the rapid development of computing power over the past 30 years, the accuracy of numerical weather forecast has improved dramatically, providing extreme disaster warning and climate change predictions. However, the method remains relatively time-consuming. To improve prediction speeds, researchers have been exploring how to using deep learning methods. However, the precision of AI-based forecasting for medium and long-term forecasts has remained inferior to numerical forecasts. AI has been mostly unable to predict extreme and unusual weather such as typhoons.
Every year, there are around 80 typhoons worldwide. In 2022, in China alone, the direct economic loss caused by typhoons was 5.42 billion yuan, according to the figures from China Ministry of Emergency Management. The earlier that warnings can be sent out, the easier and better it is to make adequate preparations.
Because of their speed, AI weather forecast models have been attractive but have lacked precision for two reasons. First, the existing AI meteorological forecast models are based on 2D neural networks, which cannot process uneven 3D meteorological data well. Second, medium-range weather forecast can suffer from cumulative forecast errors when the model is called too many times.
How Pangu-Weather addresses these challenges
During scientific trials, Pangu-Weather model has demonstrated its higher precision compared to traditional numerical prediction methods for forecasts of 1 hour to 7 days, with a prediction speed gain of 10,000 times. The model can accurately predict in seconds fine-grained meteorological features including humidity, wind speed, temperature, and sea level pressure.
The model uses a 3D Earth-Specific Transformer (3DEST) architecture to process complex non-uniform 3D meteorological data. Using a hierarchical, temporal, aggregation strategy, the model was trained for different forecast intervals using 1 hour, 3-hour, 6- hour and 24-hour intervals. This resulted in a minimization of the quantity of iterations for predicting a meteorological condition at a specific time and a reduction in erroneous forecasts.
To train the model for specific time intervals, the researchers trained 100 epochs (cycles) using hourly samples of weather data from 1979-2021. Each of the sub-models that resulted required 16 days of training on 192 V100 graphics cards. Pangu-Weather Model can now complete 24-hour global weather forecasts in just 1.4 seconds on a V100 graphics card, a 10,000-time improvement compared with the traditional numerical prediction.
Explaining why the HUAWEI CLOUD AI team chose to focus on weather predictions, Dr. Tian Qi, Chief Scientist of HUAWEI CLOUD AI Field, an IEEE Fellow, and Academician of the International Eurasian Academy of Sciences, explained “Weather forecasting is one of the most important scenarios in the field of scientific computing because meteorological prediction is a very complex system, yet it is difficult to cover all aspects of mathematical and physical knowledge. We are therefore delighted that our research has been recognized by the Nature magazine. AI models can mine statistical laws of atmospheric evolution from massive data. At present, Pangu-Weather mainly completes the work of the forecast system, and its main ability is to predict the evolution of atmospheric states. Our ultimate goal is to build next-generation weather forecasting framework using AI technologies to strengthen the existing forecasting systems. “
Commenting on the significance and quality of the research by HUAWEI CLOUD, academic reviewers from Nature explained that not only is Pangu-Weather very easy to download and run, but that it executed quickly on even a desktop computer. This means that anyone in the meteorological community can now run and test these models to their hearts’ desire. What a great opportunity for the community to explore how well the model predicts specific phenomena. That’s going to help with progress in the field. Another reviewer noted that the results themselves are a significant step beyond previous results. This work will make people reevaluate what forecasting models might look like in the future.
In May 2023, Typhoon Mawar caught the world’s attention as the strongest tropical cyclone of the year thus far. According to the China Meteorological Administration, Pangu-Weather accurately predicted the trajectory of Typhoon Mawar five days before it changed course in the eastern waters of the islands of Taiwan.
In addition, in order to continuously advance leading AI weather forecast models, stable cloud environments, work suites, and corresponding O&M are also essential.
View original content:https://www.prnewswire.co.uk/news-releases/prestigious-science-journal-nature-publishes-paper-about-pangu-weather-ai-model-authored-by-huawei-cloud-researchers-301870922.html
Blockchain Press Releases
Africa Exclusive: Bybit Promotes Crypto Education with P2P Security Webinar
DUBAI, UAE, Nov. 22, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sets out to raise awareness of P2P security and to equip users with the latest anti-fraud knowledge and tools in a new learn and earn event exclusively for users in Africa. Hosting a P2P security Webinar on Nov. 25, Bybit P2P will also be announcing a prize pool valued at 10,000 USDT for a new Africa-exclusive deposit event.
P2P Security Webinar
On Nov. 25, the live webinar on P2P security will be broadcast in the Bybit Africa Telegram group from 7 to 9PM UTC. Attendees may benefit from a comprehensive session on tips and the latest know-how on asset safety and counterparty risks. The free webinar will cover the following topics:
- Fraud detection: users will learn about signs of common scams and steps to verify payment authenticity.
- Staying safe with Bybit P2P: users get to discover Bybit’s security tools and the latest features to combat fraudulent attempts.
- Trading with confidence: users will gain practical advice and practical tips on how to trade safely.
The floor will be open for a live Q&A session after the sharing by Bybit P2P experts. Ahead of the webinar, attendees are invited to submit questions and the lucky ones will win 10 USDT if their questions are chosen by the speakers.
10,000 USDT Rewards for First-Time Deposits
From Nov. 25 to Dec. 15, 2024, new users who successfully sign up for a Bybit account and complete Identity Verification Level 1 may be eligible to share in a 10,000 USDT prize pool reserved for eligible users in Africa only. Users must sign up for the event and make a deposit via Bybit P2P to qualify and win up to 10 USDT, terms and conditions apply.
“Financial fraud is an age-old challenge and users must stay vigilant as scammers and fraudsters evolve. Bybit is constantly investing in our hardware and software to build the necessary guardrails for our platform. It does not take away the importance of user education, however, and we hope through engagements of this kind, we can help elevate the community on a path of growth,” said Joan Han, Sales and Marketing Director at Bybit.
P2P is an organic part of the crypto economy and helps to promote inclusivity in emerging economies. With Bybit P2P, users of all levels may access the user-friendly peer-to-peer trading platform to trade between themselves at an optimal, agreed-upon price. The service minimizes the need for the middleman, improving cost effectiveness while providing exchange-backed platform security.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/africa-exclusive-bybit-promotes-crypto-education-with-p2p-security-webinar-302314163.html
SINGAPORE, Nov. 22, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a pioneer in digital payment solutions, and Polygon Labs, a software development company building the leading network of aggregated blockchains via the AggLayer, today announced their strategic collaboration aimed at unlocking the full potential of digital finance, focusing on the expansion and adoption of WUSD, WSPN’s flagship stablecoin.
WSPN has integrated Polygon PoS into its WUSD network infrastructure earlier this year. Now, this collaboration will focus on rapidly expanding WUSD adoption. Polygon Labs’s crucial liquidity support will be instrumental in bolstering WUSD’s mass adoption across various markets.
This collaboration will unlock opportunities to explore a range of innovative use cases for stablecoins, payments, and DeFi. Key areas of focus include facilitating payments and tokenization solutions for companies operating in Hong Kong SAR and Singapore, developing on-chain green finance projects tailored for African clients, and building robust DeFi platforms that leverage the strengths of both WSPN and Polygon technologies. These initiatives are strategically designed to address diverse market needs and drive the adoption of WUSD across a variety of regions and sectors.
By combining WSPN’s expertise in stablecoin solutions with Polygon’s advanced blockchain infrastructure, this collaboration will drive significant advancements in the digital asset space, particularly in emerging markets and the rapidly evolving DeFi sector.
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
About Polygon Labs
Polygon Labs is a software development company building and developing a network of aggregated blockchains via the AggLayer, secured by Ethereum. As public infrastructure, the AggLayer will bring together user bases and liquidity for any connected chain, and leverage Ethereum as a settlement layer. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols and tools for launching blockchains, including Polygon PoS, Polygon zkEVM, and Polygon Miden, which is in development, as well as Polygon CDK.
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View original content:https://www.prnewswire.co.uk/news-releases/polygon-collaborates-with-wspn-to-drive-stablecoin-adoption-through-wusd-302314191.html
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.
Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:
- Merchants: Merchants may post advertisements on Bybit P2P for free.
- Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.
P2P Fee Structure (Africa)
|
Taker Fee (Sell Page) |
Maker Fee (Sell Page) |
|
|
Bybit |
0 % |
0 % |
|
Competitor B |
0.5% on completed orders for certain trading pairs |
0 % |
In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.
“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.
P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-waives-p2p-transaction-fees-for-users-in-africa-302313124.html
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