Hivemapper CEO on Creating the Freshest Maps with AI and Decentralization
Monday, June 10, 2024 12:11 PM
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Ariel Seidman, CEO of Hivemapper, a decentralized mapping community, shared insights on the company’s approach to creating the most up-to-date maps in the world. Hivemapper’s technology surpasses Google Maps by utilizing dash cams to capture real-time data, which is then processed through AI to provide users with the freshest map possible. The company has already mapped over 20% of the world, with contributors rewarded in Honey tokens for their efforts.
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2 days ago
Phoenix Partners with TandemAI to Revolutionize AI Drug DiscoveryOn February 20th, 2025, in Shanghai, China, Phoenix, a decentralized AI compute network, announced a strategic partnership with TandemAI, a leading firm in AI drug discovery technology. This collaboration aims to deploy TandemAI's advanced AI drug discovery platform, TandemViz, on Phoenix's SkyNet AI compute layer. The integration will facilitate a custom lightweight version of TandemViz to operate on SkyNet's AI node network, allowing research organizations, laboratories, and pharmaceutical companies to access the system at no initial cost, with the potential for significantly reduced operational expenses as they scale their usage.
The significance of this partnership extends beyond mere technological integration; it represents a transformative shift in the accessibility of AI solutions in drug discovery. Previously, such high-cost and computationally intensive solutions were predominantly available to large corporations. However, this collaboration aims to democratize access, making it feasible for smaller entities, including individual researchers and labs, to leverage these advanced tools. This development is particularly relevant to the decentralized science (DeSci) sector, as it introduces industry-specific AI research tools that can enhance the value proposition of DeSci initiatives, potentially leading to the establishment of decentralized autonomous organizations (DAOs) that provide funding for targeted research causes.
TandemAI, founded by industry veteran Lanny Sun, has rapidly grown to employ over 350 professionals, including more than 50 award-winning AI and computational chemists. The firm boasts a client base of over 80 large pharmaceutical companies worldwide. Meanwhile, Phoenix's SkyNet Compute Layer is designed for scalability and efficiency, supporting a diverse range of applications within its AI ecosystem, which includes over 130 applications focused on AI for trading, gaming, and DeSci. This partnership is poised to accelerate innovation in the AI drug discovery space, backed by the $20 million Phoenix AI Ecosystem Fund, launched by JDI Group and Tensor Ventures.
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2 days ago
Phoenix and Tandem AI Join Forces to Revolutionize Drug DiscoveryIn a groundbreaking collaboration, Phoenix, a provider of DePIN AI infrastructure, has teamed up with Tandem AI, an innovative platform specializing in integrated drug discovery. This partnership will see Phoenix deploying TandemViz on its AI compute layer, SkyNet. TandemViz is designed to streamline the drug discovery process by integrating advanced physics-based and AI-driven software with tools that facilitate the management and analysis of wet lab results. Meanwhile, SkyNet serves as a decentralized infrastructure that supports the entire AI compute lifecycle, from training and inference to scaling and deploying AI models with ease.
The integration of AI into drug discovery is transforming the industry by addressing the challenges of time and cost associated with traditional methods. The vast chemical space, filled with millions of molecules, complicates drug development, making it a lengthy and expensive endeavor. AI drug discovery accelerates this process by identifying promising compounds and validating drug targets more efficiently. With the new partnership, a lightweight version of TandemViz will be accessible to smaller organizations and independent researchers, democratizing access to advanced AI drug discovery tools that were previously limited to large corporations with substantial resources.
This collaboration not only enhances the capabilities of both Phoenix and Tandem but also contributes to the growth of the decentralized science (DeSci) movement. By leveraging decentralized architectures, the partnership aims to provide greater value to the DeSci community, highlighting the potential of these technologies in advancing scientific research. With Tandem's impressive team of over 350 employees and a client base of more than 80 large pharmaceutical companies, this partnership is poised to make significant strides in the field of drug discovery and beyond.
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Bittensor's TAO Token Surges Ahead of Coinbase ListingBittensor's native token, TAO, experienced a significant price surge on February 19, following the announcement of its listing on the Coinbase exchange. The price of TAO spiked by 20%, reaching intraday highs of $420, amidst a broader rally in the altcoin market. While this increase was modest compared to other top performers like Story and Sonic, it positioned Bittensor among the leading gainers. This upswing allowed TAO to recover losses from previous days, reflecting a positive market sentiment as altcoins mirrored Bitcoin's recent fluctuations. The price movement was further fueled by anticipation surrounding Coinbase's upcoming listing scheduled for February 20, 2025.
Coinbase's decision to list TAO is pivotal for Bittensor, which is recognized as a leading AI token by market capitalization, currently ranking second behind NEAR. The exchange confirmed that trading would commence on the TAO/USD pair, contingent on meeting liquidity conditions. This phased launch is expected to enhance Bittensor's visibility and accessibility, especially since TAO is already available on other major exchanges like Binance and Kraken. The listing is anticipated to provide Bittensor with additional traction in the competitive cryptocurrency landscape, particularly in the AI sector.
Bittensor, launched in 2019, has garnered significant backing from prominent venture capital firms, including Pantera Capital and Digital Currency Group. Grayscale has highlighted Bittensor's importance in the AI domain, emphasizing its decentralized model, which aims to enhance transparency and democratize access to AI technologies. This is particularly relevant in light of concerns surrounding centralized AI projects, which may pose risks related to data security and bias. As the cryptocurrency market continues to evolve, Bittensor's developments and its Coinbase listing could play a crucial role in shaping the future of decentralized AI solutions.
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3 days ago
Coinbase to List Bittensor's TAO Token Amid Liquidity ChallengesCoinbase has announced its plans to list Bittensor's TAO token, with trading expected to commence on February 20, 2025, contingent upon meeting certain liquidity conditions. Bittensor operates as a decentralized AI network that incentivizes nodes for their contributions to AI model development. The announcement was made via Coinbase's official assets account, emphasizing the importance of adhering to the correct network for transfers to avoid potential loss of funds.
The rollout of TAO-USD trading will be executed in phases, initially imposing restrictions on trading volume and regional availability. Full trading access will only be granted once adequate liquidity is achieved, and some jurisdictions may still face trading limitations. This strategic approach aims to ensure a stable trading environment for the new asset, which has already shown promising performance in the market, with a 13.1% increase in price over the last 24 hours, positioning it as the fourth-best performer among the top 100 cryptocurrencies by market capitalization.
As Bittensor continues to develop its decentralized network, the TAO token plays a crucial role in rewarding participants who contribute to the platform's architecture. The growing interest in Bittensor and its innovative approach to AI model development reflects a broader trend within the blockchain space, where decentralized solutions are increasingly being recognized for their potential to disrupt traditional systems. Investors and traders alike will be closely monitoring the liquidity conditions leading up to the trading launch, as these factors will significantly influence the token's market performance.
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4 days ago
Golem's 40% Surge: A Comeback or Speculative Rally?Golem has made headlines recently with a remarkable 40% price surge, reigniting interest in its potential future. Once a frontrunner in decentralized computing, Golem's resurgence raises questions about whether this is a genuine comeback or merely a speculative rally. The sudden spike in price has led to discussions within the crypto community, especially given Golem's previous struggles and a notable absence from social media since late 2024. The project, which allows users to lease unused processing power, had been overshadowed by its lack of updates and communication from its development team, leading many to believe it was on the verge of extinction.
The recent price movement has sparked debates about Golem's viability in the competitive landscape of AI-focused cryptocurrencies. While the surge has generated excitement, the subsequent pullback has cast doubt on its sustainability. Technical indicators, such as the Relative Strength Index (RSI) and On-Balance Volume (OBV), suggest that the price increase may have been driven by speculative trading rather than solid fundamentals. Additionally, Golem faces stiff competition from established projects like Render and Ocean Protocol, which have shown stronger development and community engagement. For Golem to reclaim its position, it will need to demonstrate renewed innovation and effective communication with its user base.
As the market watches closely, Golem's next moves will be crucial in determining its future. Investors are advised to remain cautious, as the lack of clear updates from the team could lead to a quick reversal of fortunes. The current landscape for AI cryptocurrencies is dynamic, and while Golem's recent surge is noteworthy, it must prove its long-term viability to attract serious investment. Without a solid strategy and community involvement, Golem risks becoming just another fleeting trend in the ever-evolving crypto market.
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FrodoBots: Merging Robotics and Blockchain on SolanaFrodoBots is an innovative project that merges robotics with blockchain technology on the Solana platform. This DePIN (Decentralized Physical Infrastructure Network) initiative allows users to remotely control small robots over the Internet, providing a unique gaming experience while simultaneously collecting valuable robotics data. The project aims to revolutionize how users interact with robotics, making it accessible and engaging for a broader audience. The development team behind FrodoBots is focused on creating a seamless user experience that combines the excitement of gaming with the practical applications of robotics.
One of the flagship products of FrodoBots is the "Earth Rovers" game, which can be likened to a real-world version of Mario Kart. In this worldwide treasure hunting game, players control small rover robots equipped with advanced features such as high-resolution cameras, microphones, and speakers. These robots can navigate real-world environments while being controlled remotely, allowing players to experience the thrill of driving a robot on actual roads. The integration of 4G communication ensures that users can maintain a stable connection while enjoying the game.
The Earth Rovers game also includes a mission function that records driving data and rewards players for visiting specific locations. This feature not only enhances the gaming experience but also contributes to the collection of data that can be utilized for further AI development. As FrodoBots continues to evolve, it promises to offer exciting possibilities for both gaming enthusiasts and robotics researchers, paving the way for a new era of interactive entertainment and data collection in the realm of robotics.
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