Decentralization democratizes access to AI computing — Theta Labs exec
Theta Labs head of strategy Wes Levitt says the decentralized cloud is more cost-effective and offers greater flexibility and reliability for AI solutions. Go to Source
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Anthropic, Palantir follows Meta’s lead taking AI to war
Anthropic’s AI model will be integrated into one of Palantir’s data systems, which is authorized to contain “secrets” critical to US national security. Go to Source
Meta opens Llama AI model up to US military
Meta said sharing open-sourcing AI tech within the US and to its allies will play a role in helping it preserve their “technological edge” over China and other competitors. Go to Source
Binance partners with Amazon Web Services to enhance user experience
Current Know Your Customer verification procedures are often cumbersome, costly, and time-consuming for industry service providers. Go to Source
Amazon launches ‘Q’ — a ChatGPT competitor purpose-built for business
Employees in HR, legal, product management, design, manufacturing and operations departments will benefit from Q, said AWS CEO Adam Selipsky. Go to Source
AWS went down in the US, but Ethereum kept humming
Ethereum hummed along through the latest AWS outage but one commentator said its reliance on Lido for staking could cause issues in the future. Go to Source Powered by WPeMatico
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8 … Read more
FTX-Hosted NFTs Point to Broken Metadata, Issue Illuminates Flaws With NFTs Tied to Centralized Clouds
On Wednesday, non-fungible token (NFT) supporters discovered that NFT metadata hosted on the platform FTX US points to broken metadata, and the links now point to FTX’s restructuring website. Specific collections that were minted on the Solana blockchain via the FTX US NFT platform do not show the NFT’s imagery and marketplace listings on the … Read more
Nigeria Based Storage Provider Says It’s Too Risky for the World to Rely Centralized Cloud Storage Platforms
In the past year, internet giants like Amazon and Google all experienced outages which were blamed on errors and failed upgrades. The occurrence of such outages and their impact around the world again highlighted the importance of having a decentralized internet. Also, just like how the Covid-19 pandemic showed the world that blockchain-based digital currencies … Read more
Finance Redefined: AWS turns crypto exchanges offline, and Sushi CTO resigns, Dec. 3–10
An AWS outage sent shockwaves around the crypto industry, Delong left his role as Sushi CTO, and Coinbase opened a cryptography library — all coming to you in this week’s Finance Redefined. Go to Source Powered by WPeMatico
