Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

TRON DAO Unveils Bitcoin Layer 2 Solution Roadmap

TRON DAO

Geneva, Switzerland, February 17, 2024 - TRON DAO, the decentralized autonomous organization (DAO) behind the TRON network—a powerhouse in the blockchain world with over 210 million user accounts and more than 7 billion transactions—unveils its roadmap for building an innovative Bitcoin Layer 2 solution. This solution will revolutionize how we think about blockchain interoperability and using stablecoins within the Bitcoin ecosystem. The TRON network is a leading blockchain in the world of stablecoins and decentralized finance (DeFi), commanding an impressive stablecoin market cap of $55 billion and a Total Value Locked (TVL) of $22 billion. This integration will link the TRON network directly with Bitcoin, allowing access to over $55 billion in value to the network, thereby injecting more financial accessibility into Bitcoin and its Layer 2s, like Ordinals. The TRON DAO will venture further into Ordinals and other Bitcoin Layer 2 solutions. Plans are in place to introduce a user-friendly wallet and an array of tools designed to support BRC-20 tokens. Strategic Roadmap Unfolds Stage 1 - α: Expanding Bitcoin Interoperability with Cross-Chain Technology TRON has already facilitated Bitcoin's accessibility through cross-chain connections via exchanges, enabling the seamless transfer of value. This stage will introduce TRON ecosystem tokens, including USDT-Trc20, TRX, BTT, JST, SUN, NFT, WIN, and USDC-Trc20, into the Bitcoin network through breakthrough cross-chain technology, fostering an environment for more advanced interoperability. Stage 2 - β: Growing Collaborations Between TRON and Bitcoin Layer 2 Ecosystems TRON will start forming alliances with multiple Bitcoin Layer 2 protocols, unveiling substantial partnerships that will encourage TRON users to partake in re-staking initiatives and contribute to the prosperity of the Bitcoin Layer 2 ecosystem. Stage 3 - γ: Unveiling a Unified Layer 2 Solution for Blockchain Efficiency The conclusion of this roadmap will feature the public launch of a Layer 2 solution that synergizes TRON, BTTC, and the Bitcoin network. The high-level goal of this solution is to incorporate the low fees of Proof of Stake (PoS) systems with the security of Proof of Work (PoW) and Unspent Transaction Output (UTXO) systems, aligning with Bitcoin Layer 2 to usher in a new era of blockchain efficiency. Wrapping It All Up The launch of TRON's Bitcoin Layer 2 solution, combined with its venture into other Bitcoin Layer 2 protocols and the development of new user-centric tools, marks the beginning of a unified blockchain future. TRON DAO's initiatives aim to enhance blockchain technologies' usability, scalability, and interoperability, paving the way for a more integrated and efficient digital asset ecosystem. Join TRON on this transformative journey as they make Bitcoin fun again! About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 205.11 million total user accounts on the blockchain, more than 6.96 billion total transactions, and over $20.43 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

February 17, 2024 01:51 PM Eastern Standard Time

Image

Franklin Templeton Eyes Ethereum ETF Spot; KangaMoon and Render Poised As Top Altcoins To Skyrocket

Kangamoon

Franklin Templeton is making a big move in the digital currency market. The company is trying to secure an Ethereum (ETH) ETF spot. Crypto enthusiasts are going wild over this news. But two altcoins, KangaMoon (KANG) and Render (RNDR), are stealing the spotlight. While RNDR is a prominent token, KANG is a Stage 1 presale star that may pump by 100x in 2024. Ethereum (ETH): Franklin Templeton ETF Application Recently, there was some exciting Ethereum news. Notably, James Seyffart announced that Franklin Templeton has joined the spot Ethereum ETF race. According to this application, if everything goes according to plan, the ETF shares will be listed on the Cboe BZX Exchange after approval. This news may trigger a rally for this altcoin. Regarding its value movement, ETH has pumped from $2,328 to $2,665 in the past week alone. Its market cap also grew from $279B to $320B in that period. Additionally, 25 technical indicators are showing green for Ethereum. Due to all these reasons, experts predict a surge to $3,530 for Ethereum within Q2 of 2024. KangaMoon (KANG): The Gaming Meme Coin with Substance With Ethereum getting all the attention, KangaMoon (KANG) has come out of nowhere to shake up the cryptocurrency game. The team behind it has decided to do things differently and ensured that this meme coin will put others in their place. Beyond its viral value, KangaMoon brings games into the fold by turning KANG into a main in-game currency. Essentially, KangaMoon will combine Play-to-Earn (P2E) and Social-Fi elements into one game. With KANG, users can purchase in-game items, upgrade their characters, and more. Additionally, KANG token holders will gain access to weekly, monthly, and quarterly challenges. By winning these events, you will receive extra tokens and in-game items. Currently, KANG is in Stage 1 of its presale, which has raised close to $150,000 so far. One KANG token is worth just $0.005. However, as this presale advances, this price will increase as well. Given its ties to the NFT P2E game market, which may surge to $885.6M by 2028 (as per Yahoo Finance), its long-term growth potential is excellent. Due to all these reasons, experts forecast this altcoin will experience a growth of 1,000% once a Tier-1 CEX lists it in Q2 of 2024. Market Analyst Wick Makes a Render Price Prediction Meanwhile, Render (RNDR) has also made headlines. According to market analyst Wick, Render's future is looking great. In his new tweet, Wick states that the Render token needs just one weekly candle to close above $4.63 for its price to skyrocket. The Render price has moved from $4.39 to $5.10 in the past seven days. During that period, its market cap also pumped from $1.65B to $ 1.91 B. As this altcoin now trades above its 50- and 100-day EMAs, this bullish trend may continue. Therefore, market analysts forecast growth to $6.59 for Render within Q2 of 2024. Ethereum vs. KangaMoon vs. Render - Which One Soar First? When looking at all these altcoins, Ethereum and Render may seem to be the winners. However, KangaMoon surprisingly only needs $5M for its current price (and returns) to double. This puts them in a prime position to provide bigger and faster returns with fewer new funds. Thus, KANG may be the best altcoin to keep an eye on. Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

February 17, 2024 09:00 AM Central Standard Time

Image

Gates Ventures, Mayo Clinic Back Tiny Robot Created By $400M Apple Face ID Inventors To Treat Brain Disease

OurCrowd

By Matthew Kalman PrimeSense, the previous company founded by Michael Shpigelmacher, Aviad Maizels and Alex Shpunt, was acquired in 2013 by Apple (NASDAQ: AAPL) for around $400 million. It was a world leader in 3D sensors that helped power the Microsoft (NASDAQ: MSFT) Kinect for Xbox 360 and provided the technology behind Apple’s Face ID. Bionaut Labs, the medical startup founded by the trio, is on a very different journey – into the deepest recesses of the human brain. But the company is already making waves. This month, Bill Gates’ Gates Ventures joined its early funders, extending investment to $70 million from a blue-chip roster including the Mayo Clinic, Khosla Ventures, Upfront Ventures and OurCrowd, Fortune magazine reported. The company’s Bionaut, a tiny micro-robot smaller than a grain of rice, is guided through a patient’s central nervous system into a targeted spot in the brain where it can perform minor surgery, deliver therapeutic drugs or return with tissue for a biopsy. Not since Raquel Welch was shrunk and inserted into a patient’s bloodstream in the 1966 movie “Fantastic Voyage” have doctors come so close to targeting life-saving medication so precisely to reach the inaccessible recesses of the human body. The company is testing its technology at a Mayo Clinic facility and is poised to begin clinical trials with five top-tier U.S. medical centers as it applies for FDA approval. Investors can still join the Bionaut Labs funding round via the OurCrowd investment platform. Shpigelmacher, CEO of Bionaut Labs, says he realized that treatments for disease occurring at a specific point in the body – especially the brain – were not being accurately targeted. He likens the effect of existing treatments to “carpet bombing a patient’s body with drugs,” creating “widespread undesired side effects or damage to surrounding tissue and organs.” “There we were, flooding the whole body. It was like having one dirty dish in the sink and bringing out a fire hose that floods the whole house just to wash that single dish,” he says. The Bionaut, guided by a physician using a powerful magnet, can release a payload of targeted therapy directly into a tumor or any other localized target – even deep inside the brain – and head for home. “Surgeries to get to the brain tend to be relatively aggressive and fairly in depth and carry a lot of risks associated with them and a lot of recovery time,” says Dr Bill Loudon, VP of Neuroscience at Bionaut Labs. The blood-brain barrier creates “very significant problems to try to get drugs to where we want it to go. On the surgical side it’s hard to get into the brain and on the drug side it’s hard to get into the tissues.” “The Bionaut has specific advantages that circumvent these problems. It truly represents a whole new level,” Dr Loudon says. The company has developed several micro-robot prototypes, each designed for a different purpose. There is a capsule-shaped Bionaut designed to move through fluid, a corkscrew-shaped Bionaut designed to burrow through tissue and a sharp-pointed Bionaut that can perform microsurgery by slicing through the kind of cyst in the brain that causes hydrocephalus, or Dandy-Walker Syndrome. A Bionaut can carry a therapeutic payload and deliver it directly to the targeted area, which avoids flooding the entire central nervous system. Instead of drilling through several centimeters of brain tissue, the Bionaut can be guided through internal fluids to within millimeters of its target. “We minimize tissue penetration, doing it only for the safest and shortest distance possible. It opens a completely new way of treating brain diseases,” Shpigelmacher says. Each tiny Bionaut contains a powerful magnet that allows it to be remotely controlled from outside the body. The patient has an MRI or CT scan, which the physician uses to plan the safest route to the affected area and then loads the route onto a computer. The patient is sedated and the Bionaut is injected into the central nervous system at the entry point worked out in advance. Then, the computer takes over, guiding the probe to its destination while causing the least possible damage to surrounding tissue as the physician monitors its progress via X-ray. $130 Billion Market “The market for brain and CNS therapeutics is massive – over $130 billion today and estimated to grow to over $200 billion. Most of it is drugs,” Shpigelmacher says. Pharma giants are targeting a wide range of neuro-degenerative conditions including Parkinson’s, Huntington’s, Alzheimer’s, epilepsy, glioblastoma and many more, but they all face the challenge of getting the drugs to the point where they are needed inside the brain. “The problem is, even if you have the best drug how are you going to get it to the target?” Shpigelmacher says. “This is where Bionaut steps in. Bionaut does not aim to replace these drugs or replace these payloads. It aims to provide a way for the drug manufacturer to get their payload to the target. So even if we just focus on neuro-degeneration, brain cancer and epilepsy – that alone is over a $70 billion market today.” “We’re already in discussions with the FDA to take this to the clinic next year. The idea is that by the end of 2024 we will have early human data for the device, and in 2025 we will license it out for broader neurological indications,” Shpigelmacher says. The company hopes to emulate the success of other companies specializing in robotic surgery and the treatment of neurodegenerative diseases. Intuitive Surgical (NASDAQ: ISRG), a leader in surgical robotics, is worth more than $100 billion. Halozyme (NASDAQ: HALO), which partners with major pharma companies to reformulate drugs for precision use, earns millions of dollars each year and is valued at almost $5 billion. “When we started this research, many of the physicians we spoke to, specialists in cardiology, gastroenterology, ophthalmology and more, simply asked, ‘When can we sign up?’” Shpigelmacher says. For more information about joining Bionaut Labs’ extension round via the OurCrowd platform, click HERE. Featured photo courtesy of Bionaut Labs. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global ‘crowd’ gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Lisa Graston lisa.graston@ourcrowd.com Company Website http://www.ourcrowd.com

February 16, 2024 08:35 AM Eastern Standard Time

Video Image

NASA, The US Navy And The US Army Are All Partners Of This Cutting-Edge Company – Laser Photonics Corporation (NASDAQ: LASE)

Benzinga

By Faith Ashmore, Benzinga Laser Photonics Corporation (NASDAQ: LASE) (“LPC”) is a leading global industrial developer of CleanTech laser systems for laser cleaning and other material applications. The company is best known for its specialization in integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning and surface conditioning which address the needs of a wide variety of industries. In order to maintain its position and drive growth, the company has implemented strategic plans that could position it at the forefront of technological advancements and trends in its industry. One key initiative is the enhancement of its AI and Internet of Things (IoT) capabilities. By integrating artificial intelligence and IoT technologies into its laser technology, LPC is able to offer cutting-edge solutions that improve the customer experience and aim to stay ahead of technological advancements. The company also offers on-site customer support and training with AI and IoT integration, further distinguishing itself from competitors. The global blasting market is projected to grow to $12 billion by 2025, and as more industries rely on laser technology, LPC may benefit from rising demand. The company has developed strategic partnerships with large distributors to expand its global sales network. By doing so, the company is ensuring that its innovative laser technology reaches a broader audience and remains accessible to industries globally. The success of its approach is evidenced by the fact that the company has worked with world-renowned companies and institutions like NASA, the U.S. Navy, the U.S. Army, Caterpillar Inc. (NYSE: CAT) and General Electric Co. (NYSE: GE), to name a few. LPC has also made it a priority to vertically integrate through key acquisitions. By acquiring or merging with suppliers or distributors, it reduces reliance on other businesses and exerts greater control over the quality, cost and availability of inputs or outputs. This enables LPC to optimize its supply chain operations and reduce costs associated with procurement, management, and distribution. Environmental stewardship is another LPC priority. The company is committed to delivering eco-friendly and sustainable solutions that help industries worldwide reduce their ecological footprint. LPC reports that its CleanTech technology uses no harmful chemicals or substances while achieving fast and accurate cleaning results, and its advanced productivity and safety features secure its reputation as a safer, more efficient option while ensuring operators are protected from the hazards of traditional systems. Companies that adhere to or exceed environmental regulatory requirements position themselves better in their markets as the world acts to combat climate change. In the long term, LPC is focused on expanding its Customer Experience Center (CEC) to provide a state-of-the-art facility for presenting and demonstrating its technology. The CEC showcases LPC’s capabilities to customers globally and facilitates customized solution collaborations on a global scale. The company continuously expands its product line with cutting-edge solutions such as MARLIN, DefenseTech and SaberTech demonstrating its commitment to meeting the evolving needs of industries across the globe. LPC’s robust research and development team is intensifying its efforts in developing Class I systems to maintain its competitive edge and meet the growing demand driven by increased regulations and restrictions. By maintaining a leading-edge presence in a range of industries, LPC seems to have earned its position as a trusted and safety-focused partner, offering state-of-the-art solutions that meet customer needs worldwide. Featured photo by SpaceX on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

February 16, 2024 08:25 AM Eastern Standard Time

Image

RapidClaims uses AI to help US healthcare providers address $250b in denied claims

RapidClaims

Healthcare organizations are turning to automation with “revenue cycle management” to protect operating margins and the increasing claim denials from the payors. Every year, close to $265B in claims made by US healthcare organizations are denied because of the way claims are coded on payor documentation and delayed submissions are two chief reasons for the denials. Coding errors account for over 40% of claim denials, while untimely submissions contribute to 35% of denials; eligibility and prior authorization being some of the other aspects playing a significant role. Addressing this pain point, RapidClaims has today emerged from stealth with a $3.1 million funding round to tackle the claims denial problem head-on with its medical coding automation module. The seed round was led by Together Fund, a $250 million global SaaS fund, with participation from Better Capital, Neon Fund, Peercheque, DeVC with angels and advisors coming from prominent US healthcare organizations including Oscar Benavidez (Executive Director, Mass General), Ankit Jain (Founder & CEO of Infinitus), and Sachin Jain (President & CEO of Scan Health) among others. RapidClaims is led by Dushyant Mishra (CEO), Jot Sarup Sahni (CPTO), and Abhinay Vyas (CDO), each bringing a nuanced understanding of healthcare, data science, and scaling tech products. The idea for RapidClaims originated in 2018 during Dushyant Mishra’s tenure at Abbott Healthcare when he observed the challenges faced by hospitals while interacting with multiple hospital owners and physicians. Since then, he has closely monitored the space, which gained significant momentum in 2022 as two key trends emerged: an increase in claim denial rates across the US and the effective demonstration of large language models (LLMs) as a solution to these challenges. RapidClaims recognizes the diverse challenges inherent in revenue cycle management. With a strategic focus on tackling medical coding initially, the company aims to simplify the rising complexity of coding processes and leverage the potential for AI to drive efficiencies over time. In recent years, coding complexity has surged significantly with diagnosis codes like ICD codes rising from 19,000 (ICD 9) to nearly 120,000 (ICD 11). Adherence to guidelines is becoming increasingly challenging due to rapid changes encompassing NCCI edits, NCD/LCD guidelines, Medicare policies, payor rule sets, among others. RapidClaims has achieved success with six pilots within two months of its beta product launch in June 2023 and is poised to enhance product robustness even further with an additional five pilots already in the pipeline. Dushyant Mishra, Founder & CEO of RapidClaims commented: "We are just beginning to witness tangible benefits in terms of cost savings, speed, and revenue enhancement through AI utilization. While automation is pivotal, we recognize the indispensable role of coders with their nuanced understanding of intricate rules and edge cases. This is the driving force behind our significant investment in the RapidAssist product, which has the transformative potential to elevate medical coding operations for coder-managing teams." AI holds immense potential for introducing exceptional efficiencies into this domain. Beyond identifying the right code, AI's current state allows for precise context interpretation, adding a layer of sophistication to the coding process. RapidClaims has unveiled three multi-specialty products aimed at alleviating coding administrative overload: RapidCode: Fully autonomous medical coding, streamlining the process with end-to-end automation. RapidAssist: A tailored tool for medical coders designed to improve productivity by auditing charts and identifying documentation gaps, which includes a query builder and rule-set engine. RapidRisk: Advanced AI for risk-adjusted coding that calculates HCC and RAF scores while pinpointing opportunities for documentation improvement based on a comprehensive rule set developed in collaboration with prominent CDI leaders. More healthcare organizations are recognizing the need for revenue cycle automation to overcome workforce challenges, handle increasing claim volumes, mitigate revenue losses, and navigate the complexities of healthcare administration. This urgency is further fueled by the rise in claim denials from payors, which puts significant pressure on healthcare providers and exacerbates the already high administrative costs. A recent study conducted by Bain & Company and KLAS reveals that 80% of U.S. healthcare providers are increasing their investment in IT and software, with a specific focus on prioritizing AI technologies. Revenue cycle transformation and automation are the top areas of focus for healthcare executives. Manav Garg, Co-founder of Together Fund added: "We are thrilled about the transformative potential of AI in optimizing administrative processes within the revenue cycle. We are confident that the RapidClaims team embodies the perfect blend of expertise, showcasing an in-depth understanding of the complexities within the U.S. healthcare system coupled with exceptional proficiency in artificial intelligence." About RapidClaims RapidClaims is automating medical coding to help health organizations reduce claim denials from payors. About Together Fund Together Fund is an enterprise software-focused, operator-led fund started by Girish Mathrubootham (Founder, Freshworks ), Manav Garg (Founder, Eka ) and Shubham Gupta (ex Matrix Partners). Together invests in Seed and Series A opportunities across AI, Devtools, Cloud Infra, Security, Horizontal & Vertical SaaS applications. With a “for-founders, by-founders” DNA, Together is joined by 150+ global founders & operators in this endeavor to help build global products. Contact Details RapidClaims Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.rapidclaims.ai/

February 16, 2024 06:00 AM Eastern Standard Time

Image

Cadence Unveils the World's First AI Powered Supercomputer for Design

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/CHaqwqO0AD4 In an era where artificial intelligence is the driving force behind innovation, the AI powered supercomputer represents a leap forward ushering in a new era of intelligent computing that will help transform design in the automotive, aerospace and defense, energy and turbomachinery industries. Some of the present and future uses of the supercomputer include reducing the world’s carbon footprint, pursuing the goal of ‘flawless design’, faster/better/cheaper goods, and enabling F1 teams like McLaren Racing and Honda to build better, faster and more efficient vehicles. Cadence is at the forefront of these developments and conducted a nationwide media tour live from Levi Stadium, home of the San Francisco 49ers announcing the introduction of the Millennium M1 Platform. Cadence® Millennium™ M1 Enterprise Multiphysics Platform is the industry’s first computational fluid dynamics (CFD) supercomputing platform. This turnkey solution includes dedicated graphics processing unit (GPU) hardware, extremely fast interconnections and an enhanced AI-driven high-fidelity CFD software stack optimized for GPU acceleration. Millennium instances can be fused into a unified cluster, enabling simulation with thousands of nodes. This powerful combination enables customers to achieve an unprecedented same-day turnaround time and near-linear scalability when simulating complex mechanical systems in real-world operating conditions. During the media tour topics that were discussed included: · What the introduction of the 1st AI powered supercomputer for design means · How it is being used, including insights on its usage for McLaren Racing and the America’s Cup racing team · Benefits for the environment, both long term and immediate, including optimizing power use in datacenters, which are on course to account for 10% of the world’s carbon footprint in the next decade. For more information, visit CADENCE.COM Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 15, 2024 03:37 PM Eastern Standard Time

Video

SingularityNET Arrives In Switzerland Counseled By STORM Partners — Uniting Artificial Intelligence & Decentralization

STORM Partners

Geneva, Switzerland, February 9, 2024 – SingularityNET (SNET), a global innovator within the decentralized artificial intelligence (AI) space, has established its Foundation in Switzerland through Geneva to the Crypto Valley in Zug. This strategic move underscores the SNET commitment to the decentralized, democratic values seen within its AI initiatives, including within its governance structure. The Zug-based Foundation will support the development of new use cases for the ecosystem, expand its global community, and promote research and development projects. Commenting on the move, SingularityNET Founder and CEO Ben Goertzel remarks: “The Foundation is set to further enable the Web3 vision of creating a decentralized and democratic paradigm that meets the challenges of the modern world. The move to Zug underlines our commitment to do this with the utmost transparency and highest standards of compliance.” Working in conjunction with STORM Partners, a Swiss Web3-focused professional services firm, SingularityNET has relocated its foundation from Amsterdam, in the Netherlands, to Zug, in Switzerland. Choosing Switzerland as the market from which to drive global adoption of the technology, as well as its more philosophical and ethical underpinnings, is also a nod to Switzerland’s reputation: a neutral and benign confederation that has been practising democracy since as early as the thirteenth century. It’s no wonder it’s also a hub of decentralization, disintermediation, and trust. “This strategic move highlights once more Switzerland's attraction for innovation. Clear guidelines for the digital economy mean Web3 entrepreneurs can benefit from the stability they so desperately require when venturing into this ever-changing field,” adds Sheraz Ahmed, Managing Partner of STORM Partners. Switzerland’s crypto-friendly regulatory framework and secure business environment are key drivers behind SNET’s decision to establish its Foundation in Zug. This move allows SNET to leverage Switzerland’s thriving crypto community ecosystem, fostering an environment of innovation, collaboration, and growth for its beneficial and compassionate AI vision. Zug’s Crypto Valley is home to +1,600 blockchain-based projects, including industry leaders like Ethereum, Polkadot, Tezos, and many more. SNET’s unique take on AI and commitment to developing a decentralized platform for artificial general intelligence (AGI) will add a new richness to the Zug community. SingularityNET works with partners like Cisco, Cardano, and Hanson Robotics, famous for the human Sophia the Robot. SNET’s mission to redefine the future of AI by building an AGI transcends the limitations of centralization, and ensures openness for all, free from the narrow objectives of a single corporation or nation. Now this bold mission is matched with a state-of-the-art governance structure that provides for future growth in a decentralized environment. About SingularityNET: SingularityNET is a pioneering decentralized AI platform that combines the power of blockchain technology with artificial intelligence. It envisions creating an inclusive, democratic, and beneficial AGI free from centralization, corporate control, and national restrictions. SNET’s core mission is to democratize AI, ensuring this technology benefits all humanity. About STORM Partners STORM Partners is a premier all-in-one professional services provider within the dynamic blockchain industry. Its expertise spans the global landscape of Web3, collaborating with a diverse spectrum of businesses and brands – from nimble startups and pre-IDOs to flourishing scale-ups and established global organizations. Contact Details Storm Partners Adrian Bono adrian.bono@storm.partners

February 15, 2024 02:10 PM Eastern Standard Time

Image

Wormhole Foundation Collaborates with Succinct to Build Ethereum ZK Light Client and Accelerate ZK Development

Wormhole Foundation

Wormhole Foundation is collaborating with the team at Succinct to build an Ethereum ZK Light Client as part of an ongoing effort to further decentralize message verification within the Wormhole platform. Wormhole ZK is being leveraged by developers to minimize trust in the Wormhole platform, improve cross-chain composability, and increase network security. You can read more about the vision of Wormhole ZK in the recently announced ZK roadmap. Meet Succinct Succinct is building core ZK infrastructure, including a decentralized proving network and an open-source zkVM called SP1, so that any developer can build blockchain applications and infrastructure secured by cryptographic truth, not trust. Succinct’s network is a base layer that simplifies the complexities associated with using ZKPs by unifying the entire developer experience into one unified protocol for the entire ZK stack. This protocol streamlines the ZKP development process, providing a standardized interface to seamlessly integrate the latest proof systems and custom hardware for production use in ZKP-based applications. This approach not only accelerates development but also ensures cost-effective and reliable proof generation. Succinct also just this week released the Succinct Processor 1 (SP1), a 100% open-source zkVM that verifies the execution of arbitrary Rust (or any LLVM-compiled language) programs. SP1 targets an order of magnitude performance improvement vs. existing zkVMs—its alpha release is up to 28x faster for certain programs and competitive with circuit-based approaches. You can learn more here. How are Wormhole contributors and Succinct working together? Currently, the Wormhole platform relies on the Wormhole Guardians to verify all multichain messages being sent through the network. The recent advances in zero-knowledge proofs make it feasible to upgrade the security of the protocol by augmenting the Guardian network with cryptographic truth in the form of a ZK light client. The Wormhole contributors are building an Ethereum ZK light client to secure all messages from Ethereum to other EVM chains as part of a recent push on integration of zero-knowledge proofs into the Wormhole platform. The Succinct team is contributing to the Wormhole ecosystem to improve the performance of the Ethereum ZK Light Client and deploy it to production with the Succinct Platform. The Succinct team’s primitives in this GitHub repo provide SOTA STARKs for proving hash functions like SHA256 and signature schemes. SHA256 is a large bottleneck in an Ethereum ZK Light Client, so integrating these accelerators is critical to getting performance to be practical. The Succinct team’s STARK -> SNARK wrapper ( GitHub ) compresses the STARK proofs generated by plonky2 and makes them compatible with Ethereum and other EVM chains, making verification costs significantly cheaper. The Succinct Platform provides easy-to-use hosted proof generation for the Wormhole ZK Light Client proofs, making it easy for Wormhole contributors to deploy the ZK circuits to production seamlessly. By building with Succinct’s tooling, engineers working on Wormhole replaced months of wrangling custom infrastructure for ZKP generation with a seamless production deployment using Succinct’s platform and unified interfaces. With Succinct, the Wormhole ecosystem was able to accelerate its ZK timeline and utilize the latest innovations in ZKPs with ease. In summary, the Wormhole Foundation, in collaboration with Succinct, is developing an Ethereum ZK Light Client to enhance the trust minimization and security of the Wormhole platform. This collaboration leverages Succinct's expertise in decentralized proving networks and its protocol to optimize zero-knowledge proofs. This initiative aims to reduce trust, improve cross-chain composability, and enhance network security using ZKPs to significantly accelerate the Wormhole ZK development roadmap. About Wormhole Foundation The Wormhole Foundation is the steward of Wormhole - the world’s first generalized messaging protocol. Their mission is to empower passionate people in the research and development of blockchain interoperability technologies.Through grants, research, and ecosystem programs, they seek to enable teams to build secure, open-source, and decentralized products within the Wormhole ecosystem. Contact Details Ditto PR Wahaj Khan +1 630-935-7684 wahaj@dittopr.co

February 15, 2024 12:00 PM Eastern Standard Time

Proactive Group Holdings Joins Forces with Sevva AI in UK Government-Backed AI Sustainability Initiative

Proactive Group Holdings

Proactive Group Holdings Inc. (“Proactive”), the AI-powered digital stakeholder engagement firm, is pleased to announce its participation in an artificial intelligence pilot consortium backed by the UK government. This initiative, led by Sevva AI, a leading provider of generative AI automation for enterprise, is focused on the acceleration of trustworthy AI tools aimed at meeting critical sustainability goals and improving green revenue targets. Launched earlier this month and expected to extend into 2025, the collaboration will see the introduction of AI tools as early as April. The innovative technology promises to provide corporations and investors with sophisticated AI tools to manage the complex landscape of ESG investing mandates. The selection of Proactive as a project member follows Sevva AI's receipt of a £500,000 grant from Innovate UK, the UK Government Innovation agency that backs projects that enhance economic growth and productivity. The grant will partially fund the development of Generative AI tools aimed at sustainability assessment, with Sevva AI providing the other half of the required project funding. Emanuela Vartolomei, Sevva founder and Chief Executive, said: “Proactive was chosen for this project for being an early adopter of AI, demonstrating a keen interest in leveraging technology to enhance its sustainability footprint. If you have ambition to go beyond your peer group, you need a boost from AI.” Ian Mclelland, Chief Executive of Proactive, added: “We are delighted to be part of this ground-breaking project. It aligns perfectly with our internal efforts and the launch of our NewsifAI™ platform, our suite of writing and editing tools which has streamlined our news production process. We look forward to working alongside the Sevva team.” On February 5, Proactive unveiled the integration of artificial intelligence within its operations, marking a significant increase in content production capabilities for its financial news platform, Proactive Investors. This strategic advancement is centered around the development and deployment of bespoke generative pre-trained transformers (GPTs) within its proprietary NewsifAI™ editorial platform. About Proactive At Proactive, our mission is to provide best-in-class AI-powered digital solutions to companies across the globe seeking to improve engagement with their stakeholders. Our products deliver media support, corporate websites, engagement analytics, and shareholder tools for publicly listed issuers. Our purpose is to help companies improve their communication and engagement with their shareholders, stakeholders, and the broader investment community. Proactive provides solutions to almost 2,000 companies in Australia, Canada, UK, and the USA. For more information, click here. About Sevva AI www.sevva.ai is a leading provider of NLP and generative AI automation for tier-1 financial institutions and corporations. Sevva provides enterprise-grade automation of key workflows including research, investment and lending processes, sustainability and corporate reporting, regulatory alignment and investor relations. Sevva AI brings to organizations the unique opportunity to explore, test, and integrate AI Agents, Co-Pilots, and Chatbots into their workflows with ease. Contact Details Craig Ribton, Corporate Development Director +44 20 7989 0813 investors@proactiveinvestors.com Company Website https://www.proactive.inc

February 15, 2024 10:12 AM Eastern Standard Time

1 ... 103 104 105 106 107 ... 636