Blockchain Press Releases
KX LAUNCHES KDB.AI EARLY ACCESS PROGRAM: NAVIGATING THE FUTURE OF STATEFUL & REAL-TIME AI APPLICATIONS WITH THE WORLD’S #1 VECTOR DATABASE
NEW YORK and LONDON, Aug. 1, 2023 /PRNewswire/ — KX, the global pioneer in vector native real time and high-volume time series data analytics, today unveiled the Early Access Program for KDB.AI, the #1 ranked multi-model vector database. Open to new and existing customers and global system integration partners, the program grants privileged access to ground-breaking technology and support, offering the unique opportunity to be part of the evolution of transformative generative AI applications and use cases.
With generative AI forecast to add up to $4.4 trillion annually to the global economy, demand for resilient vector databases to support high-performance generative AI and semantic search applications is snowballing. Current vector databases and AI applications, however, exhibit severe limitations – lack of statefulness, insufficient processing of high-volume numerical calculations, an inability to adapt in real-time, and problems replicating sophisticated risk models. These issues obstruct AI’s potential for temporal reasoning and inference, limiting its effectiveness.
Leveraging the robust and proven KDB+ engine, independently recognized as the fastest time series vector native database, KDB.AI is revolutionizing AI technology. Providing the best price to performance and efficiency, KDB.AI overcomes traditional vector database challenges. This includes issues such as statelessness, lack of contextual understanding, ultra-high-dimensionality problems, an absence of causal reasoning, and hurdles around explainability, fairness, and sustainability. Moreover, KDB.AI fills a significant gap in the real-time processing and streaming of vectors, a limitation profoundly felt in the AI field today.
Seamlessly handling both structured and unstructured data, KDB.AI empowers real-time processing, enabling sliding window search for time-series-based vector search. Its stateful approach caters to various applications, providing native support for large language models (LLMs) and machine learning workflows.
Available for deployment on all hyperscaler cloud platforms including Azure, AWS, GCP, and also for on-premise use, KDB.AI offers universal compatibility with any infrastructure setup. Its integration with the PyKX open-source language further enhances its compatibility with various software products and leading language models such as GPT-4, BARD, LLAMA, and more.
KDB.AI has the potential to transform various industries with its unique capabilities:
- Financial Services: It enables real-time processing of vast time-series and alternate datasets, providing actionable insights for advanced market analytics and sentiment analysis.
- Manufacturing: KDB.AI can improve operational efficiency by enhancing quality control, predictive maintenance, and supply chain processes.
- Life Sciences: KDB.AI speeds up drug discovery and enables personalized medicine by providing quick and actionable insights from complex biological data.
- Aerospace and Defence: With KDB.AI, organizations can enhance real-time situational awareness, aircraft predictive maintenance, and cybersecurity through efficient data management.
Asset Tarabayev, Chief Product Officer, Quantitative Brokers: “KX’s market leading technology gives us the ability to unlock differentiated outcomes for our customers, reinforcing our commitment to always push the boundaries of technology with a focused vision. KDB.AI will enhance our ability to provide clients with industry-leading, intelligent execution analytics while ensuring our clients continue to receive the very best in research-driven trading solutions.”
Jonny Press, Chief Technology Officer, Data Intellect: “Our core strengths lie in transforming big data problems into smart data solutions. The integration of KDB.AI’s advanced generative AI capabilities into our consulting framework further enhances our approach to complex data challenges. With KDB.AI we’re exploring the untapped potential of generative AI to unearth unique use cases that deliver transformative results.”
Ashok Reddy, CEO, KX: “This is a significant stride in KX’s history, offering a unique opportunity for our customers and partners to join us on a path where we redefine the future of AI. This launch is more than a product roll-out; it’s a shared exploration into new frontiers of technological innovation.”
The Early Access Program introduces participants to an array of exceptional benefits:
- Exclusive Access to Latest Features and Updates: Participants get a first-hand experience of new features and updates, with the opportunity to provide feedback that contributes to shaping the future of KDB.AI.
- Unlimited Usage: Throughout the early access period, participants enjoy unrestricted usage of KDB.AI, enabling a comprehensive exploration of its capabilities.
- Dedicated Support: Early access offers exclusive support from KX, providing assistance with any encountered challenges, and a channel for valuable feedback and suggestions.
- Developer Sandbox: A Developer Sandbox is also launching this week, based on Jupyter notebook technology, fostering a wider exploration of KDB.AI’s potential.
This Early Access Program offers two-year, non-renewable licenses either by department or on an enterprise-wide basis, both with unlimited usage. For more information visit: www.KDB.AI
About KX
Our mission is to accelerate the speed of data and AI-driven business innovation enabling customers to transform into real-time, intelligent enterprises. Built for the most demanding data environments, our Data Timehouse™ platform is trusted by the world’s top investment banks and hedge funds, and leading companies in the life and health sciences, semiconductor, telecommunications, and manufacturing industries.
At the heart of our technology is the kdb+ time series and vector database, independently benchmarked as the fastest on the market. It can process and analyze time series, historical and vector data at unmatched speed and scale, empowering developers, data scientists, and data engineers to build high-performance data-driven applications and turbo-charge their favorite analytics tools in the cloud, on-premise, or at the edge.
Ultimately, our technology enables the discovery of richer, actionable insights for faster decision making which drives competitive advantage and transformative growth for our customers. KX operates from more than 15 offices across North America, Europe and Asia Pacific.
For more information visit www.kx.com or contact: [email protected]
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A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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