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
Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM)
Ethereum’s Challenges Highlight the Importance of Blockchain Integrity
Ethereum, once hailed as the undisputed king of smart contract platforms, is facing mounting criticism over scalability issues and increasing centralization concerns. Critics argue that Ethereum’s looming challenges serve as a cautionary tale about the importance of maintaining blockchain integrity in the pursuit of innovation.
The network’s shift to proof-of-stake has introduced debates about validator centralization and network control. As transaction fees remain high and competition from newer blockchains intensifies, Ethereum’s journey underscores the delicate balance between growth and decentralization in the blockchain ecosystem.
Source: Bitcoin Magazine
Quantum Emotions Introduces Revolutionary Quantum Wallet
Quantum Emotions, a pioneering quantum technology firm, has unveiled its groundbreaking quantum wallet designed to provide unprecedented security for blockchain users. Leveraging quantum random number generators, the wallet ensures ultra-secure private key management and protection against emerging quantum threats.
As the blockchain industry prepares for a quantum computing era, innovations like this wallet highlight the need to future-proof digital assets. Quantum Emotions’ solution is a step forward in safeguarding the integrity of blockchain transactions in an increasingly complex technological landscape.
Source: Finance Yahoo
Pepeto Simplifies Cross-Chain Trading for Blockchain Users
Pepeto, a trailblazer in the blockchain space, is revolutionizing cross-chain trading with its user-friendly platform. By simplifying blockchain transfers across different networks, Pepeto addresses a significant pain point for users navigating the complexities of decentralized finance (DeFi).
The platform’s intuitive interface and efficient protocols enable seamless asset transfers while reducing transaction costs and processing times. As interoperability becomes a crucial factor in the blockchain sector, Pepeto’s innovation is set to reshape how users interact with decentralized ecosystems.
Source: Bitcoinist
Zeus Investments Launches Blockchain Research Division
Zeus Investments has announced the launch of its dedicated blockchain research division, aimed at driving innovation and identifying strategic opportunities in the blockchain sector. The division will focus on exploring emerging technologies, evaluating market trends, and fostering partnerships with industry leaders.
By committing resources to blockchain research, Zeus Investments signals its belief in the transformative potential of decentralized technologies. This initiative underscores the growing interest among traditional financial institutions in harnessing blockchain’s disruptive capabilities.
Source: Finance Yahoo
AgileGTM Blockchain Fund Secures $2M in First Close of $10M VC Fund
AgileGTM has achieved a significant milestone by securing $2 million in the first close of its $10 million pan-European blockchain venture capital fund. The fund aims to support early-stage blockchain startups across Europe, focusing on innovative solutions in areas such as DeFi, NFTs, and enterprise applications.
This development highlights the increasing appetite for blockchain investment and the role of venture capital in accelerating the growth of the industry. AgileGTM’s initiative reflects the potential for blockchain to drive economic transformation and innovation across diverse sectors.
Source: Tech.eu
The post Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM) appeared first on News, Events, Advertising Options.
xPortal, the AI-powered DeFi super-app, has acquired Alphalink, a Berlin-based Web3 startup recognized for delivering delightfully simple crypto experiences through its mobile app. The acquisition marks a major milestone in xPortal’s goal to simplify crypto and financial investing.
With over 2.5 million users and a 4.8-star rating from 70K+ app store reviews, xPortal combines crypto, real-world functionality, and AI into a single, user-friendly mobile app.
xPortal launched in 2023 as the wallet for the MultiversX blockchain (prev. Elrond) and quickly expanded into multi-chain territory, integrating Bitcoin, Ethereum, Solana, Polygon and more.
As part of its growth strategy, xPortal is raising capital in an anticipated oversubscribed round while making a full-scale push into AI, expanding into the U.S. and launching a native token to its ecosystem
Active xPortal users will also benefit from lucrative opportunities that will further fuel the ecosystem.
Empowered Leadership
Through the acquisition, xPortal brings seasoned FinTech and crypto innovators Marko Bradic as Co-founder and Chief Product Officer (CPO) and Mohit Tilwani as Co-founder and Chief Technology Officer (CTO) to complement the dream team together with Sergiu Biris, Co-founder and CEO of xPortal.
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Marko Bradic (ex-CEO of Alphalink) previously scaled Trade Republic – the $5B European Robinhood backed by Sequoia – to 4 million users, €180 million in annual revenue, and €35 billion in AUM.
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Mohit Tilwani (ex CTO of Alphalink) brings over a decade of engineering experience to xPortal. Served as the first engineering lead at Trade Republic, he scaled systems to support 8 million customers.
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Sergiu Biris (CEO of xPortal) is a serial entrepreneur with over 20 years of experience. He was the co-founder of LiveRail, a video advertising platform acquired by Facebook (now Meta) in 2014 for $500 million.
“Marko and Mohit’s experience in building and scaling world-class fintech products aligns perfectly with xPortal’s mission to make crypto easy to use and accessible to everyone. Their expertise strengthens our vision of blending crypto and AI with real-world utility. I’m extremely excited about what we’re going to be building together in the years to come.” – Sergiu Biris, Co-founder and CEO of xPortal
Beniamin Mincu, Co-founder and CEO of MultiversX added: “Through the acquisition of Alphalink xPortal is taking a bold step towards the future. One where crypto is merging with AI to deliver the best experiences to everyday users. xPortal started as a core part of MultiversX and, driven by this team of world class founders, is now becoming independent, creating its own story. I believe xPortal is poised to drive global crypto adoption, bringing unparalleled value to its users and the broader Web3 space.”
DeFi to DeFAI: What if your money had Brains?
Leading the paradigm shift from DeFi to DeFAI, xPortal is transforming how users interact with money. Making crypto easy and accessible for everyone, xPortal is building a vertically integrated network of specialized DeFAI agents that work autonomously, simplifying complex user tasks and removing onboarding and engagement friction through seamless chain management.
With features like effortless on-off ramps, cross-chain trading, staking, Web3 dApp integration, and Mastercards for everyday payments, the super-app bridges the gap between crypto and real-world utility.
The post xPortal Acquires Alphalink to Drive Innovation at the Intersection of AI and Crypto appeared first on News, Events, Advertising Options.
Blockchain
Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education
Humanity Protocol, the leader in on-chain Proof of Humanity (PoH) and decentralized identity, is thrilled to announce its strategic partnership with Open Campus (EDU), the Web3 education protocol.
This collaboration will redefine digital identity and credentialing for learners, educators, and developers, enabling interoperable, privacy-preserving credentials that can be seamlessly used across decentralized ecosystems.
Humanity Protocol’s Self-Sovereign Identity (SSI) framework and Proof of Humanity (PoH) technology ensure Sybil-resistant, verified human authentication for Web3 applications. Open Campus complements this by empowering users with tools to issue, manage, and utilize education-related credentials through its Open Campus ID and Achievements System.
Together, the two projects aim to unlock a future where identity and educational credentials are secure, interoperable, and privacy-focused.
At the core of this partnership is the integration of Open Campus Achievements and Open Campus ID with Humanity Protocol’s decentralized identity graph. This integration ensures that credentials issued on Open Campus are validated and interoperable, allowing users to showcase their verified educational accomplishments across Web3 platforms.
Key features of the collaboration include:
- Achievement Verification: Open Campus will focus on issuing education-related credentials, such as course completions, certifications, and learning milestones. These Achievements will be authenticated using Humanity Protocol’s verifiable credential (VC) framework, enabling secure and portable credentialing.
- Interoperable Identity: Open Campus ID will integrate with Humanity Protocol’s Proof of Humanity, providing users with privacy-preserving, Sybil-resistant identities. These identities will enable users to leverage their credentials in governance, professional, and educational applications.
The partnership between Humanity Protocol and Open Campus introduces new use cases that benefit learners, educators, and developers. Users can create portable, privacy-preserving portfolios combining Proof of Humanity and verified Open Campus Achievements. These portfolios can be used in professional and academic settings to showcase skills and accomplishments securely.
Learners and educators can leverage their interoperable identities to participate in governance activities on both Humanity Protocol and Open Campus platforms. By tying voting to verified individuals, governance becomes more transparent and fair. dApp developers can build applications that integrate Humanity Protocol’s identity verification with Open Campus’s credentialing, enabling innovations in decentralized education, recruitment, and professional networking.
In addition to technical integration, Humanity Protocol will actively support Open Campus in its ongoing conversations with educational institutions. By providing expertise in decentralized identity and credentialing, Humanity Protocol will help Open Campus establish trust and drive adoption of its Achievements and Open Campus ID among schools, universities, and certification bodies.
This collaboration strengthens the bridge between traditional education systems and the decentralized future. Humanity Protocol’s zkProofers will ensure that all verifications remain privacy-focused. Users will be able to prove their identities and credentials without exposing sensitive personal data, enabling secure and trustworthy interactions in education, governance, and professional contexts. By integrating these privacy-preserving solutions, the partnership ensures that credentials remain both secure and portable across ecosystems.
Terence Kwok, Founder and CEO of Humanity Protocol says: “Our partnership with Open Campus marks a significant milestone in integrating decentralized identity with education. By combining Proof of Humanity with Open Campus Achievements and Open Campus ID, we empower learners and educators to take control of their credentials in a way that is secure, interoperable, and privacy-focused. Humanity Protocol is also proud to support Open Campus in its ongoing conversations with educational institutions, helping to bridge Web3 innovation with traditional education systems.”
Jonah Lau, Head of Open Campus (EDU) and Portfolio Management, Animoca Brand says: “Collaborating with Humanity Protocol enhances the usability and security of Open Campus Achievements and IDs. By integrating with Proof of Humanity, we’re ensuring that learners and educators can seamlessly use their credentials across Web3, paving the way for a more interconnected and equitable decentralized education ecosystem. This partnership positions Open Campus as a leader in Web3 education innovation.”
The post Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education appeared first on News, Events, Advertising Options.
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