The organization controlling the DeepBrain chain Artificial Intelligence (AI) computing platform, the DeepBrain Chain Foundation which is powered by blockchain technology has revealed plans to introduce an AI and Blockchain Research Centre in Silicon Valley.
They are investing US $100 million for a span of next three years in the new research center. The center will mainly concentrate on researching breakthrough in fields and areas that include mining and training, deep learning algorithm. It also includes AI block chain integration.
Dongyan Wang, DeepBrain Chain’s newly appointed chief AI officer and executive vice president explained,
“We are going to build an AI + Blockchain ecosystem to significantly lower the entry barriers and costs of AI applications by securely sharing computing power, AI models and data on the blockchain.
“I hope my years of experience in the industry will help DeepBrain Chain to become the best enabling platform and ecosystem for practical, customer-centric AI applications that brings real value to for the world.”
Wang was working as the head of the global AI at Midea Group, a Fortune Global 500 company. He has got 20 years of experience in Artificial Intelligence, Business Intelligence, and data science. He has served Cisco, NetApp, and Samsung as the senior executive.
The duties and responsibilities at DeepBrain chain include leading the organization’s global team on AI technologies development, AI integration and applications on the organizations AI ecosystem.
DeepBrain Chain uses blockchain technology to provide a decentralized, low-cost and privacy-protecting AI computing platform with a full range of related products and services. 70% of computing power costs can be saved by connecting millions of nodes across the globe through this platform.
KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
