Press Release
Nvidia’s Market Value Soars, Highlighting AI’s Future: Opportunities and Challenges for Decentralized AI WorldBrain
Recently, Nvidia released its first-quarter financial report, with strong results exceeding market expectations, showcasing significant growth in both revenue and net profit. Nvidia’s stock surged nearly 7%, breaking the $1,000 mark for the first time, with market value skyrocketing by $1.35 trillion overnight, bringing the total to $2.8 trillion. This surge in Nvidia’s stock price pushed most tech stocks higher, leading the Nasdaq to break the 17,000-point threshold for the first time in history.
The rapid development of AI has driven a strong demand for high-performance computing, particularly in the data center sector, which has been a major growth driver for Nvidia. The financial report shows that Nvidia achieved $26 billion in revenue in the first quarter, with data center business driving the core growth, contributing $22.26 billion, marking a 427% year-over-year increase.
Currently, Nvidia is the third-largest company by market value globally and the most sought-after AI chip manufacturer. With global tech companies and government agencies increasing their investments in AI technology, the demand for Nvidia’s high-performance GPUs has grown accordingly.
Nvidia’s Market Surge Highlights AI’s Future and the Rise of AI Investment Trends
The story begins with OpenAI, which paved the way for generative AI by developing advanced models like the GPT series and DALL-E. Since then, large language models have developed rapidly. Companies like Google, Microsoft, Meta, Amazon, and OpenAI have invested billions in Nvidia GPUs to develop and deploy AI applications. For instance, Meta’s latest large language model, Lama 3, used 24,000 H100 GPUs. Nvidia’s leading technology in GPUs and other AI chips has given it a monopolistic position globally.
Nvidia’s soaring market value underscores the immense potential of AI technology as a future growth engine. As AI technology continues to penetrate various industries, investment and attention in the AI field are increasing. Jensen Huang stated that there are approximately 15,000 to 20,000 generative AI startups across various fields. Nvidia’s better-than-expected financial report has driven a surge in AI-related stocks, indicating investor confidence in AI’s transformative potential and long-term returns.
Market research firm PitchBook recently released its latest Q1 2024 global AI and machine learning investment data report, showing that 1,779 financing transactions were completed in the AI field globally in the first quarter, raising a total of $21.6 billion. Recently, Musk’s xAI secured $6 billion in funding, with a valuation of $24 billion. Against this backdrop, the decentralized AI platform WorldBrain has also seized development opportunities, offering innovative business models and technical solutions to facilitate the widespread application of AI technology.
WorldBrain: Opportunities for Decentralized AI
WorldBrain, an innovative project initiated by OpenAI’s Worldbrains Foundation, aims to create an unprecedented distributed intelligent neural network system based on the WorldModel. Combining WorldModel and Web3 technologies to empower AI, WorldBrain represents cutting-edge development in the AI field, promoting higher intelligence and autonomy while achieving decentralization.
Massive Computing Demands and Energy Consumption of AI Foster Distributed Computing Solutions
AI models, especially large neural networks, require immense computing power and energy to train and operate, leading to high power consumption and environmental impact, raising sustainability concerns. Research firm CB Insights recently released a report on generative AI industry predictions for 2024:
On one hand, generative AI infrastructure consumes a tremendous amount of energy. With the advancement of AI technology, the energy demand for high-performance GPUs is steadily increasing. By 2024, the energy consumption of Nvidia’s high-end H100 chips is expected to match that of a small country. Traditional data centers will face the pressure to upgrade to meet AI’s high-power and high-heat demands.
On the other hand, chip shortages are causing computational resource constraints. Amid the GPU shortage, the price of Nvidia’s high-end H100 chips has soared. The high cost of high-performance chips presents challenges for small companies, limiting their competitiveness and development speed in the large model research field.
In response, WorldBrain proposes a distributed computing solution. Distributed computing doesn’t rely on powerful computing resources; it requires minimal device specifications, allowing anyone on Earth to participate using small devices like smartphones. Utilizing distributed computing technology and DePIN networks, any physical device globally can freely access the decentralized WorldBrain network. WorldBrain also features low energy consumption; the energy consumed by the intelligent operations in the brain is comparable to a light bulb, with a single APP neuron consuming only 1/20 of the total power of a smartphone, making the computing cost extremely low.
Democratizing AI Technology: Co-creating a Fair Future
Einstein once said, “Technology has exceeded humanity.” Currently, global AI technology is controlled and managed by a few tech monopolies. We have seen the monopolistic ambitions of tech giants, with algorithms, traffic, and big data disrupting fundamental societal rules. Algorithms monopolize news, shopping, travel, and social interactions, infringing on privacy and negating individual value. They exploit authors’ creativity to make money through big data and algorithms. The democratization of AI technology concerns everyone’s privacy and interests.
Challenging Silicon Valley’s monopolistic power and countering digital utopias, the development of decentralized AI helps break the monopoly of computing resources by a few enterprises, promoting the democratization and popularization of AI technology. In the WorldBrain ecosystem, users achieve self-management through smart contracts and DAOs. Using distributed storage and blockchain technology, data and computing tasks are distributed across multiple nodes, with no single control center, better protecting user privacy and allowing all participants to verify and access information more transparently.
WorldBrain leverages distributed computing technology to deploy hardware devices globally via the DePIN network and applies token-based incentive mechanisms, making every user a creator and owner of the WorldBrain system. The wealth created by WorldBrain, sufficient for human prosperity, is effectively distributed to every participant. This ensures that the benefits of general AI represented by WorldBrain reach ordinary people.
Empowering AI with Web3: The Explosive Potential of DePIN and Decentralized AI
WorldBrain empowers AI with Web3 technology, achieving true decentralization. By innovating with DePIN and AI technology, it utilizes idle computing power and physical devices worldwide to provide efficient and affordable computing resources for the AI industry.
The WorldBrain project is the first to launch an AI system using decentralized technology. By integrating cutting-edge AI development with blockchain technology, WorldBrain offers innovative decentralized AI solutions, gaining significant favor from capital markets, including Morgan Stanley and Goldman Sachs. Currently, the WorldBrain neural network incentive system has amassed substantial user data, with 2,669,017 registered users and 81,921 on-chain wallet addresses. This dual support of capital and user traffic indicates WorldBrain’s immense potential in future technological development.
As WorldBrain continues to advance and improve, we have reason to believe it can build a decentralized, open, and transparent environment where everyone can participate equally and share the benefits of AI technology. Whether it’s acquiring knowledge, sharing creativity, or creating value, WorldBrain will provide a fair, secure, and efficient platform, enabling everyone to find their place in this intelligent era and allowing global users to participate in and benefit from AI development.
Media Contact
Company Name:Worldbrains Foundation
Contact Person:Alex
State:Colorado
Country:United State
Website: worldbrains.org
Email:business@worldbrains.org
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections
DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.
Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”
The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.
In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.
The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.
Global Compliance Credentials of UVKXE
UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:
U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.
U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.
Background on the Malaysian Public List
The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.
Commitment to Legal Compliance and User-Centric Values
UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.
Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”
The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.
Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”
In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.
Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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