🇸🇻 El Salvador's Volcano Energy secures $1B in commitments for 241 MW Bitcoin mine
Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter.
The initial investment was $250 million and came from "key Bitcoin industry leaders," said the company.
The mining site will be powered with 169 MW of solar and 72 MW of wind energy to bring computing power of over 1.3 exahash/second (EH/s), the press release said. It will be located in Metapán, Santa Ana, in the country's northwest.
@DeCenterOrg
Volcano Energy announced $1 billion in commitments to build a 241 megawatt (MW) bitcoin mine in the Metapán region of El Salvador, according to a Monday press release on Twitter.
The initial investment was $250 million and came from "key Bitcoin industry leaders," said the company.
The mining site will be powered with 169 MW of solar and 72 MW of wind energy to bring computing power of over 1.3 exahash/second (EH/s), the press release said. It will be located in Metapán, Santa Ana, in the country's northwest.
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
🇫🇷 Binance, the world’s leading cryptocurrency exchange, under investigation in France.
🇳🇱 Binance also quits Netherlands After Failing to Acquire License.
@DeCenterOrg
🇳🇱 Binance also quits Netherlands After Failing to Acquire License.
@DeCenterOrg
⚖️ Do Kwon has been found guilty by a court in Montenegro of using a fake Costa Rican passport in an attempt to leave the country in March.
The former co-founder and CEO of Terra Labs was sentenced to four months in jail, according to a court statement.
@DeCenterOrg
The former co-founder and CEO of Terra Labs was sentenced to four months in jail, according to a court statement.
@DeCenterOrg
🤖 Amazon to invest $100M in generative AI center
Amazon’s cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence.
According to Bloomberg, the upcoming AWS Generative AI Innovation Center will connect Amazon experts in AI and machine learning with clients seeking to build applications based on the latest technologies. In generative AI, algorithms are used to create new content, such as audio, code, images, texts, simulations and videos.
Amazon said that Highspot, Twilio, Ryanair and Lonely Planet will be among the first users of the innovation center. With the new center, the company expects to sell more cloud services amid increasing competition in the cloud infrastructure market.
@DeCenterOrg
Amazon’s cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence.
According to Bloomberg, the upcoming AWS Generative AI Innovation Center will connect Amazon experts in AI and machine learning with clients seeking to build applications based on the latest technologies. In generative AI, algorithms are used to create new content, such as audio, code, images, texts, simulations and videos.
Amazon said that Highspot, Twilio, Ryanair and Lonely Planet will be among the first users of the innovation center. With the new center, the company expects to sell more cloud services amid increasing competition in the cloud infrastructure market.
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
Google’s artificial intelligence (AI) subsidiary DeepMind said the company’s forthcoming AI system will be “more capable” than OpenAI’s ChatGPT.
According to a report from Wired, Demis Hassabis, the CEO of DeepMind, says the company’s Gemini AI is a large language model (LLM) that utilizes text similar to ChatGPT’s processes but will be equipped with new capabilities like planning or problem-solving.
The system will be based on technology and techniques used in AlphaGo, an early AI system developed by DeepMind in 2016.
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
🇩🇪 German regulator reportedly rejects Binance's crypto custody license demand
The Federal Financial Supervisory Authority (BaFin), the German financial regulator has reportedly rejected Binance’s crypto custody license application.
The news was first reported by Forward Finance citing people familiar with the matter. Later Cointelegraph reached out to Binance to confirm the same and a spokesperson from the firm said that they are “unable to share details of conversations with regulators,” while adding:
“We continue to work to comply with BaFin‘s requirements. As expected, this is a detailed and ongoing process. We are confident that we have the right team and measures in place to continue our discussions with regulators in Germany.”
@DeCenterOrg
The Federal Financial Supervisory Authority (BaFin), the German financial regulator has reportedly rejected Binance’s crypto custody license application.
The news was first reported by Forward Finance citing people familiar with the matter. Later Cointelegraph reached out to Binance to confirm the same and a spokesperson from the firm said that they are “unable to share details of conversations with regulators,” while adding:
“We continue to work to comply with BaFin‘s requirements. As expected, this is a detailed and ongoing process. We are confident that we have the right team and measures in place to continue our discussions with regulators in Germany.”
@DeCenterOrg
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM
The update to the company’s privacy policy came on July 1 and can be compared to previous versions of the policy via a link published on the site’s update page.
In the latest version, changes can be seen that include the addition of Google’s AI models, Bard and Cloud AI capabilities, to the services it may train by using “information that’s publicly available online” or from “other public sources.”
The policy update infers that Google is now making it clear to the public and its users that anything that is publicly uploaded online could be used in its training processes with the current and future AI systems it develops.
@DeCenterOrg
Please open Telegram to view this post
VIEW IN TELEGRAM