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Solidus making waves in the AI sector

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Established 2017 Solidus Technologies have been raising funds and working on building a data centre built for the purpose of High Power Computing and processing Blockchain networks along with Artificial Intelligence applications.

The world is changing and evolving into more tech-based living. It is facing an unparalleled growth in needs and desires for computing power across areas such as artificial intelligence, pattern recognition, face recognition, image analysis, transaction validation, deep learning and much more. High Performance Computing (HPC) is already helping in many walks of life, such as social media, healthcare, mobility, communication networks, financial services, industrial processes and scientific progress.

HPC is used to describe the deployment of a sever estate and supporting infrastructure the function of which is to carry out large volume of compute tasks very quickly. In order to get the required level of performance the use of GPU (graphic processor Units) is used, the chips are capable of processing large blocks of data very quickly due to the highly parallel structure. Primarily used to manipulate computer graphics, these processors were developed to render and process millions of polygons per second and accelerating the memory intensive work of texture mapping. The complex and matrix like nature of these calculations have led to engineers and scientists using GPU based systems to perform non-graphical calculations.

GPUs have also become priceless for the artificial intelligence (AI) and machine learning space. We have seen the demand for new algorithms and processes to help in science, technology and machine learning grow exponentially over a short space in time. With new adaptions on computers, smart phones and smart technologies such as alexa and smart TV’s, AI is now shaping the way we live our lives and will be ever increasing as time goes by. Data scientists and AI researchers have used GPUs for machine learning to streamline a series of processes and applications, such as speech recognition, natural language processing, image classification, and video analytics among others. The highly parallel structure of GPUs makes them much more efficient for algorithms than CPUs, which is why the AI industry finds them indispensable. Companies like IBM, Facebook, Adobe, Baidu, and Microsoft started to use GPUs for their machine learning projects and with this through Optoelectronica which is owned by the joint venture manager Adrian Stoica Solidus Technology will be tasked to process the satellite data under a Research Programme financed by The Romanian Space agency better known as ROSA.

Scott Cannon, Director at Solidus has said “I am delighted with the way things are moving forward for the company, we are currently speaking with some very well known organisations in regards to their Artificial Intelligence needs and with us now Helping ROSA the potential for us to expand in this space is increasing. It’s a great revenue stream for Solidus and I’m looking forward to gaining further partnerships as the demand in this sector is huge right now.”

Since 1991, the coordination of the space activities in Romania and stronger collaboration in European and international space programs is achieved through the establishment of the Romanian Space Agency (ROSA), within the Ministry of Education and Technology, which was reorganised in 1995 as a public institution entirely self-funded, operating under Government Decision and the subsequent decisions of the Ministry of Education and Research – National Authority for Scientific Research and Innovation.

As a government institution, ROSA has concluded international agreements on behalf of the Romanian Government. The first agreement between Romania and the European Space Agency (ESA) on space cooperation for peaceful purposes was signed in Paris on 11 December 1992 and ratified by Law no. 40/1993, event that marked the beginning of the Romanian participation in several research projects together with other European countries. In 1999 was signed the Agreement between Romania and ESA on the Cooperation for peaceful exploration and use of outer space, an event which increased the opportunities for collaboration between the industrial community in Romania and ESA.

The Romanian Commission for Space Activities dealt also with international agreements. Romania was among the first Eastern European countries to sign collaborations with NASA in the 70s, taking and processing the images from Americans satellites. Romania also had agreements with countries in western Europe, such as the agreement with France, through which the Romanian specialists were sent to Toulouse to prepare in the satellite remote sensing field.

Solidus Technology are actively seeking further contracts or Letters of intent from other well known organisations to utilise there processing power for their HPC and AI needs

Blockchain

Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research

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Blockchain

UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says

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The country passed a landmark bill in June 2023, which laid the foundation for stablecoins and other crypto to be treated as regulated financial activities.

  • The U.K. will issue new legislation for stablecoins as well as crypto staking, exchange and custody by June or July this year, Economic Secretary Bim Afolami said.
  • The Conservative-party-led government has said it wants to make the U.K. a global hub for crypto and passed legislation last year to recognize crypto and stablecoins as regulated financial activities in the country.

The U.K. government is set to put forward legislation for stablecoins as well as for crypto staking, exchange and custody by June or July, Economic Secretary Bim Afolami said at the Innovate Finance Global Summit on Monday.
“We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” Afolami said. “Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers’ assets and other things, will come within the regulatory perimeter for the first time.”
In 2023, the U.K. passed a landmark financial markets bill that laid the foundation for stablecoins and crypto broadly to be treated as regulated financial activities in the country. Local regulators, the Financial Conduct Authority and the Bank of England, both consulted on what a stablecoin regime would look like last February. The BoE said it would oversee stablecoin providers that were large enough to affect the financial system, while the FCA said it would regulate the wider crypto space.

Afolami teased the coming of secondary stablecoin legislation in February, adding that the government was pushing to get it done within six months.
The U.K.’s Conservative Party-led government has said it wanted to be a crypto hub and has since consulted on its ambitions to regulate crypto. The U.K. is expected to have an election this year, which could see the Conservative party ousted and some crypto plans left in limbo, meaning the party could have a limited time left to execute its plans. The Labour party is the current favorite to win.

Source: coindesk.com

The post UK to Issue New Crypto, Stablecoin Legislation by July, Minister Says appeared first on HIPTHER Alerts.

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A new blockchain project has raised $100 million in funding

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Leading the investment were Brevan Howard Digital and Framework Ventures, which signals confidence in Berachain’s vision and approach.

Notable investors in Berachain include Samsung Next, HashKey Capital, Animoca Ventures and Nomad Capital, highlighting the growing interest in DeFi-focused blockchain projects.

Berachain co-founder Smokey Bera emphasized the importance of the funding round, stating: “We see this fundraising as a great validation of our approach to building a blockchain that is built on feedback from real users and developers, and to deliver value for those groups that actually contribute to the growth of the network,” as reported by Bloomberg.

According to Berachain’s website, the platform offers a certain degree of compatibility with ETH, making it easier to transfer applications and assets. While it may not fully replicate the functionality, performance or security features of Ethereum, Berachain serves as an EVM-compliant first-layer blockchain built on Cosmos-SDK.

This architecture allows Berachain to support similar tools and operations as Ethereum, while introducing additional functionalities optimized for proof of liquidity and typical decentralized use cases such as exchanges and oracles.

The blockchain network will introduce three core assets: the BERA token for on-chain transactions, the BGT token as its governing coin, and HONEY, the protocol’s secured stablecoin, offering a complete ecosystem for decentralized financial applications.

Source: cryptodnes.bg

The post A new blockchain project has raised $100 million in funding appeared first on HIPTHER Alerts.

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