high-performance computing

Bitdeer and NVIDIA Partner to Launch AI Cloud Service in Asia

Bitdeer Technologies Group (NASDAQ: BTDR), a leader in blockchain and high-performance computing, has teamed up with NVIDIA to introduce a new cloud service in Asia, according to Globenewswire. Named Bitdeer AI Cloud, this service is poised to be powered by NVIDIA’s advanced DGX SuperPOD with DGX H100 systems, representing a major development in the region’s technological landscape.

The partnership comes at a time when the demand for powerful and efficient cloud computing solutions is at an all-time high, driven by rapid advancements in AI, machine learning, and large language models (LLMs). Industry analyst IDC reported a remarkable 32% annual growth in the public cloud platform-as-a-service (PaaS) market in 2022, a clear indicator of the sector’s burgeoning success. This growth is further amplified by the expanding realms of online gaming, livestreaming, and social media in Asia, which have significantly escalated the need for enhanced computing power.

Bitdeer’s strategic decision to collaborate with NVIDIA is seen as a move to consolidate its position in the Asian market. This partnership elevates Bitdeer to a Preferred member of the NVIDIA Partner Network, a status that highlights its technological capabilities and market influence. Matt Linghui Kong, CEO of Bitdeer, has expressed his excitement about this collaboration, seeing it as a stepping stone for advancing AI and LLM technologies in Asia.

Tony Paikeday, the Senior Director of the DGX platform at NVIDIA, emphasized the importance of generative AI in modern business environments. He pointed out that Bitdeer, utilizing NVIDIA’s DGX infrastructure, is well-equipped to provide the AI supercomputing and software necessary for developing and deploying advanced generative AI models and services.

Bitdeer’s approach to expanding its GPU cloud business is multifaceted. The company plans to provide a high-performance GPU cloud infrastructure that will serve as the cornerstone for various AI-driven projects. This move is expected to allow organizations to efficiently utilize GPUs for complex AI workloads. Additionally, Bitdeer is developing a GPU-as-a-Service platform, aiming to simplify AI application management and deployment. This is in line with global market projections that foresee significant growth in the PaaS market.

Furthermore, Bitdeer intends to offer AI software services to a diverse range of industries, thus democratizing access to AI technology and reducing the complexities associated with in-house development. The company is also preparing to launch API services to enable businesses to integrate AI more easily into their existing operations, in response to the anticipated growth of the Asia Pacific API market.

Bitdeer’s global operations, including datacenters in the United States, Norway, and Bhutan, underscore its expertise in managing complex computing processes. The company’s announcement of its NVIDIA DGX SuperPOD-based high-performance cloud service platform, expected to launch in Q1 2024, signals a significant step towards providing scalable and dynamic AI solutions across various industries.

US Bitcoin Corp-Hut 8 Merger Progresses Amid Celsius Plan Approval

U.S. Data Mining Group, Inc., doing business as US Bitcoin Corp (USBTC), today announced two pivotal developments: the progression of its merger with Hut 8 Mining Corp (“Hut 8”) and the court approval of the Celsius bankruptcy restructuring plan.

USBTC is advancing its all-stock merger (the “Transaction”) with Hut 8, a leading North American digital asset mining and high-performance computing infrastructure provider. The Securities and Exchange Commission (SEC) declared the registration statement for the merger effective on November 9. Asher Genoot, President and Co-Founder of USBTC, expressed enthusiasm about the merger, stating, “Joining forces with Hut 8 marks a new phase of growth for our shared company. This merger shows our ongoing dedication to operational excellence and provides a strengthened platform for our shared future.”

The merger is anticipated to be finalized by November 30, 2023, pending approval from USBTC stockholders and other customary closing conditions. Post-merger, the common stock of the new entity, Hut 8 Corp. (“New Hut”), is expected to be listed on the Nasdaq and the Toronto Stock Exchange under the proposed ticker symbol HUT.

In another significant development, USBTC, alongside consortium partners Arrington Capital, Proof Group, Steve Kokinos, and Ravi Kaza, acknowledges the court’s approval of the Celsius bankruptcy restructuring plan. This approval marks a crucial step for the consortium to begin managing Celsius’s assets and operations. The plan received overwhelming support from creditors, with a 95% approval rate.

The approved plan outlines a strategy for establishing and operating a new public, regulatory-compliant company to manage Celsius’ illiquid assets. This move signifies USBTC’s commitment to shaping the future of the cryptocurrency industry through operational excellence and innovative solutions.

USBTC, founded by visionary entrepreneurs and experienced executives, is a prominent North American mining company known for its efficiency, eco-friendliness, and large-scale operations. With campuses in New York, Nebraska, and Texas, USBTC aims to set industry standards.

Recently, Hut 8 Mining Corp has received the green light from the Canadian Supreme Court for the merger with USBTC. This approval further solidifies the merger’s progression and highlights Hut 8’s commitment to transparency and regulatory compliance in the cryptocurrency mining sector.

Tencent Unveils Top Ten Tech Trends for 2024

Tencent, a leading technology company in China, recently published a detailed report on the top ten technology trends that are expected to shape the year 2024. The report, compiled by Tencent Research Institute, offers an extensive analysis of future technological advancements and their potential impact on various sectors. Here’s a comprehensive look at the key trends outlined in the report.

Quantum Computing and Quantum Processor Units (QPUs): IBM’s unveiling of the Quantum System Two in December 2023 marked a significant milestone in quantum computing, introducing a modular architecture that could accommodate up to 10,000 qubits. This development suggests a new direction for quantum computers, emphasizing replicability and scalability. Moreover, the focus has shifted from the sheer number of qubits to factors like error correction and scalability, indicating a maturation in QPU technology.

High-Performance Computing (HPC) and Its Cloud-Edge Collaboration: The evolution of HPC is moving towards a cooperative framework between cloud and edge computing. With single-point computing power reaching exascale levels, applications like autonomous driving and robotics are becoming increasingly feasible. Technologies like neuromorphic and optoelectronic chips are also enhancing edge computing capabilities.

Diversified High-Performance Chips: Tech giants like Microsoft and Meta are developing high-performance CPUs and AI accelerators. Beyond traditional x86 architecture, other chip architectures are also entering the HPC arena. The integration of Near-Memory Computing technologies by Intel, AMD, and Nvidia is addressing the “memory wall” bottleneck in chip performance.

The Rise of Cloud-Native Technologies: Cloud-native technologies are becoming increasingly popular, with cloud platforms accelerating support for HPC services. This trend is expected to unleash the potential of HPC power.

A Surge in Scientific Computing and Simulation Applications: The expansion and upgrading of global HPC clusters and the application of cloud-native technologies are making computing power more accessible. Scientific simulations, ranging from microscopic particle simulations to weather and geospatial simulations, are expected to see significant growth.

AI-Driven Industry Development: AI large models are emerging as a critical factor in industry upgrading and high-quality development. These models are expected to be applied first in digital-native enterprises and industries with high integration of digital and physical systems.

Sustainable High-Performance Computing: With the increasing power consumption of data centers, sustainable computing is becoming a priority. Companies like Intel and IBM are focusing on sustainable high-performance computing technologies.

IoT Era and Ubiquitous Computing: The proliferation of interconnected products like smart home devices and self-driving cars is driving the development of universal operating systems, simplifying management and control of these devices.

Cloud Computing Adapts to User Needs: The evolving complexity of cloud services is being shaped by technologies like AI, big data, and digital twins.

Spacetime AI for Urban Dynamics: Spacetime AI is being used for modeling various urban scenarios, aiding in efficient planning and management of cities.

Software-Defined Energy Networks (SDENs): SDENs use software to manage and control the supply, distribution, and security of energy, facilitating the integration of renewable energy sources into the grid.

Web3 and Its Expanding Applications: Despite challenges, Web3 is evolving to accommodate more applications beyond cryptocurrency transactions, thanks to advances in transaction verification and privacy protection.

Robotics with Enhanced Tactile Perception: Advances in materials, electronics, and machine learning algorithms are improving the spatial resolution and accuracy of tactile sensors, which will benefit various applications including remote operation of industrial robots and medical surgery robots.

Digital Humans for Interactive Applications: Digital humans are evolving from non-interactive entities to intelligent, interactive beings capable of complex interactions, potentially extending beyond gaming to fields like tourism, sales, marketing, information, and education.

Digital Office for Enhanced Collaboration: The pandemic-induced shift to remote working is expected to continue, with major companies adopting remote or hybrid work models.

Integrated Industry Security: As digital technologies permeate various industries, there’s an increasing need for comprehensive security measures covering infrastructure, data, digital supply chains, and cybersecurity.

These trends reflect Tencent’s vision for the future of technology and its implications across industries and everyday life.