Blockchain Press Releases
Huawei’s Pangu-Weather AI model can predict weather events in seconds: just released to the public for free
SHENZHEN, China, Aug. 4, 2023 /PRNewswire/ — July 2023 is likely to be recorded as the hottest month on record, and possibly the warmest in 120,000 years. The climate is warming, and as a result, the likelihood of extreme weather events is increasing. Traditional weather prediction requires huge amounts of computing power to work. Now a new AI-powered weather model is being released to the public that transforms the way weather is predicted.
Pangu-Weather, an AI model for weather prediction developed by HUAWEI CLOUD, enables more accurate weather forecasts to be made with a 10,000x improvement in prediction speeds, reducing global weather prediction times to just seconds. This facilitates the early prediction and preparation of extreme weather. These results were published in the peer-reviewed scientific publication Nature on July 5, 2023.
Pangu-Weather is the first AI prediction model with higher precision than traditional numerical prediction methods and is being released to the public for the first time, for free on the ECMWF (European Centre for Medium-Range Weather Forecasts) website. This provides global weather forecasters, meteorologists, weather enthusiasts, and the general public with a platform to view Pangu Weather Model’s 10-day global weather forecasts.
A “game-changer” for traditional weather forecasting
In addition to making 10-day weather forecasts available, the ECMWF has also released a report comparing the forecasts made by Pangu-Weather and the ECMWF IFS (a leading global NWP system) from April to July 2023.
According to the report, the uptake of machine learning (ML) methods like Pangu-Weather could be “a game-changer for the incremental and rather slow progress of traditional numerical weather prediction (NWP) methods” whose forecast skill has been increasing by about one day per decade (according to the World Meteorological Organization, or WMO). This can be attributed to the high computational cost of running a forecast with standard NWP systems. ML models are poised to revolutionize weather forecasting with forecasts that require much lower computational costs and are highly-competitive in terms of accuracy.
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. At present, Pangu-Weather mainly completes the work of the forecast system, and its main ability is to predict the evolution of atmospheric states.”
Proven high accuracy in predicting extreme weather
Pangu-Weather model’s prediction capabilities have been tested in extreme situations such as Storm Eunice which hit north-western Europe in February 2022 and the first time the UK hit 40°C in the summer of 2022. These two examples show that data-driven models are capable of forecasting extreme weather situations and of providing guidance for medium-range forecasting.
Pangu-Weather prediction covers geopotential, specific humidity, wind speed and temperature. All of this information is critical to predicting the development of weather systems, storm trajectories, air quality, and weather patterns. Pangu-Weather has also been used in predicting the trajectory of Typhoon Khanun, the sixth typhoon this year.
The ECMWF has long called for more efforts from the global weather forecasting community to use AI models as additional components of their forecasting systems and to further explore the strengths and weaknesses of such models to assist management of weather.
Dr. Tian Qi said, “Our ultimate goal is to build next-generation weather forecasting framework using AI technologies to strengthen the existing forecasting systems.”
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View original content:https://www.prnewswire.co.uk/news-releases/huaweis-pangu-weather-ai-model-can-predict-weather-events-in-seconds-just-released-to-the-public-for-free-301893628.html
Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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View original content:https://www.prnewswire.co.uk/news-releases/bitrue-expands-bitcoin-runes-offerings-with-gptv-listing-and-staking-options-302135402.html
Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Blockchain
Hong Kong joins global crypto ETF race
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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