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We’re in the midst of an NFT boom, but that won’t always be the case. Today, NFTs are being flipped quickly — much like house flipping in the lead up to the 2007-08 financial crisis.
Obviously, that doesn’t mean that NFTs are all driven by speculation, just that we need to be cautious and prudent when evaluating their value. Artificial intelligence (AI) is one tool for helping identify and produce valuable art NFTs. Let’s dive into that more here (but see Christian Jensen’s recent article for a broader background on the investment lingo in NFT land).
There are widely cited forecasts that project accelerating information and communications technology (ICT) energy consumption increases through the 2020’s with a 2018 Nature article estimating that if current trends continue, this will consume more than 20% of electricity demand by 2030. At several industry events I have heard talks that say one of the important limits of data center performance will be the amount of energy consumed. NVIDIA’s latest GPU solutions use 400+W processors and this energy consumption could more than double in future AI processor chips. Solutions that can accelerate important compute functions while consuming less energy will be important to provide more sustainable and economical data centers.
Lightmatter’s Envise chip (shown below) is a general-purpose machine learning accelerator that combines photonics (PIC) and CMOS transistor-based devices (ASIC) into a single compact module. The device uses silicon photonics for high performance AI inference tasks and consumes much less energy than CMOS only solutions and thus helping to reduce the projected power load from data centers.
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Lightmatter has a roadmap for even faster processing using more colors for parallel processing channels with each color acting as a separate virtual computer.
Nick said that in addition to data center applications for Envise he could see the technology being used to enable autonomous electric vehicles that require high performance AI but are constrained by battery power, making it easier to provide compelling range per vehicle charge. In addition to the Envise module, Lightmatter also offers optical interconnect technology that it calls Passage.
Lightmatter is making optical AI processors that can provide fast results with less power consumption than conventional CMOS products. Their compute module combines CMOS logic and memory with optical analog processing units useful for AI inference, 0, natural language processing, financial modelling and ray tracing.
In 2001, the founder of Mitticool ceramics learned many of his customers in India don’t have regular access to electricity. So he invented a fridge made out of clay. It keeps food 8 degrees cooler than the outside air, but it doesn’t need any electricity to run. And while other ceramics companies in the region shut down, Mitticool is thriving thanks to the success of the powerless, eco-friendly fridge.
MORE BIG BUSINESS VIDEOS: How Millions Of Hearing AIDS Are Made In America | Big Business. https://www.youtube.com/watch?v=Eri08ZZ1Kmo. How This 8,000-Pound Crystal Went From Mine To Smithsonian | Big Business.
How This 8,000-Pound Crystal Went From Mine To Smithsonian | Big Business. https://www.youtube.com/watch?v=Z9NQ6VEciFk.
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How 15,000 Ceramics Are Made A Day In Gujarat | Big Business.
The North Korean threat actor group known as ‘BlueNoroff’ has been spotted targeting cryptocurrency startups with malicious documents and fake MetaMask browser extensions.
Olipa Elisa said her 10-year-old son used to have to hike 5km (3 miles) every day to the nearest school, often arriving late and exhausted.
“I am very excited that we now have a school closer to my home, and my child will not have to take the long journey,” said Elisa, 38. “What we need is more of these learning blocks to accommodate other classes.”
Run by 14Trees, a joint venture between Swiss cement manufacturer LafargeHolcim and British development finance agency CDC Group, the project was faster, cheaper and less energy-intensive than conventional construction, said 14Trees managing director Francois Perrot.
Quantum computers will not be general-purpose machines, though. They will be able to solve some calculations that are completely intractable for current computers and dramatically speed up processing for others. But many of the things they excel at are niche problems, and they will not replace conventional computers for the vast majority of tasks.
That means the ability to benefit from this revolution will be highly uneven, which prompted analysts at McKinsey to investigate who the early winners could be in a new report. They identified the pharmaceutical, chemical, automotive, and financial industries as those with the most promising near-term use cases.
The authors take care to point out that making predictions about quantum computing is hard because many fundamental questions remain unanswered; for instance, the relative importance of the quantity and quality of qubits or whether there can be practical uses for early devices before they achieve fault tolerance.
Improving people’s lives globally from the world’s largest financial endowment — dr. mads krogsgaard thomsen, CEO, novo nordisk fonden, novo nordisk.
Dr. Mads Krogsgaard Thomsen, DVM, DSc., Ph.D., is the CEO of the Novo Nordisk Foundation (https://novonordiskfonden.dk/), an international foundation with a dual objective: to provide a stable basis for the commercial and research activities conducted by the companies within the Novo Group (of which Novo Nordisk A/S is the largest holdings) and to support scientific, humanitarian and social purposes. In 2020, the Novo Nordisk Foundation had a net worth of US$73.1 billion, making it the largest financial endowment in the world. Novo Nordisk Foundation owns Novo Holdings A/S, a holding company and majority shareholder of Novo Nordisk, as well as Novozymes, a global biotechnology company focused on the research, development and production of industrial enzymes, microorganisms, and biopharmaceutical ingredients. The foundation is also a major shareholder in more than 75 other companies.
Originally, trained as a veterinarian / DVM at The Royal Veterinary and Agricultural University (now part of the University of Copenhagen), where he also holds a DSc. in this domain, Dr. Thomsen started his career as a PhD pharmacology student at the University of Copenhagen, after which he worked three years as a researcher at LEO Pharma. Thirty years ago, he joined Novo Nordisk, initially as Head of Growth Hormone Research and subsequently as Senior Vice President of Diabetes R&D. In 1995, he was appointed Senior Vice President of Discovery and in 2000, he became Executive Vice President of Research & Development/Chief Scientific Officer. Over the years, he has headed the development of 20 medical drugs, especially within diabetes treatment and the groundbreaking development of GLP-1 technologies.
Dr. Thomsen has served as President of the Danish Academy of Technical Sciences and Chairman of the Board of the University of Copenhagen, where he is also an adjunct professor of Pharmacology.
Chief information security officers’ (CISOs) greatest challenge going into 2022 is countering the speed and severity of cyberattacks. The latest real-time monitoring and detection technologies improve the odds of thwarting an attack but aren’t foolproof. CISOs tell VentureBeat that bad actors avoid detection with first-line monitoring systems by modifying attacks on the fly. That’s cause for concern, especially with CISOs in financial services and health care.
Enterprises are in react mode
Enterprises fail to get the most value from threat monitoring, detection, and response cybersecurity strategies because they’re too focused on data collection and security monitoring alone. CISOs tell VentureBeat they’re capturing more telemetry (i.e., remote) data than ever, yet are short-staffed when it comes to deciphering it, which means they’re often in react mode.
NFTs, or non-fungible tokens, offer many potential benefits to creators. They apply the mechanisms of scarcity to digital assets by allowing artists to render them as one-of-a-kind collectibles, like a painting or a baseball card. This means artists — especially digital artists — who have struggled to make their streamable, screenshot-able or reprintable work hold value — can price their items at rates appropriate for something in short supply.
However, the digital trading mechanism is still in nascent stages, and rife with scams, hacks and copyright issues. Beeple was hit by an organized hack, for example. While artists can sometimes find financial solvency with NFTs, other times, they lose millions.
Three pilot tests for digital transactions without the internet were successfully completed by India’s central bank (RBI). Based on the experience of 240,000 transactions, the RBI has created a framework which will be available on the platforms of banks, credit cards, and payment apps.
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