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NVIDIA has moved up a gear! New chips are coming NVIDIA is not slowing down in artificial intelligence chip production. The company will continue to lead the technology world with a new chip every year. NVIDIA made a profit of $14 billion in one quarter thanks to its artificial intelligence (AI) chips and decided to move forward without slowing down after this success. CEO Jensen Huang announced that the company will now design a new chip every year. Here are the details… #NVIDIA previously produced a new architecture every two years. It introduced Ampere in 2020, Hopper in 2022 and Blackwell in 2024. From now on, a new chip will arrive every year. Huang said, “After Blackwell, there is another chip. From now on, we will be in a new chip rhythm every year,” he said. With this new rhythm, NVIDIA will become even stronger on its way to becoming a pioneer in the technology world. Analyst Ming-Chi Kuo reported that the next architecture will be “Rubin” and will arrive in 2025. Huang's comments confirm this report. So, we may see the R100 AI GPU very soon. NVIDIA will be stepping up on all chip types, not just AI chips. Huang made exciting announcements, saying, “New CPUs, new GPUs, new network cards, new switches… a bunch of chips are coming.” NVIDIA's next generation #AI GPUs will be backward compatible. This means they will work seamlessly with your existing software. This means customers can easily switch from H100 to H200 to B100. “Customers will be able to easily migrate to their existing data centers,” said Huang. We can say that this is another indicator of NVIDIA's user-friendly approach. NVIDIA's #CFO stated that the automotive industry will be the biggest enterprise trend in data center this year. Tesla purchased 35 thousand H100 GPUs to train its "fully autonomous (self) driving" system. Consumer internet companies like Meta also hold an important place in NVIDIA's growth verticals. Meta plans to power more than 350 thousand H100 GPUs by the end of the year.

NVIDIA has moved up a gear! New chips are coming

NVIDIA is not slowing down in artificial intelligence chip production. The company will continue to lead the technology world with a new chip every year.

NVIDIA made a profit of $14 billion in one quarter thanks to its artificial intelligence (AI) chips and decided to move forward without slowing down after this success. CEO Jensen Huang announced that the company will now design a new chip every year. Here are the details…

#NVIDIA previously produced a new architecture every two years. It introduced Ampere in 2020, Hopper in 2022 and Blackwell in 2024. From now on, a new chip will arrive every year. Huang said, “After Blackwell, there is another chip. From now on, we will be in a new chip rhythm every year,” he said. With this new rhythm, NVIDIA will become even stronger on its way to becoming a pioneer in the technology world.

Analyst Ming-Chi Kuo reported that the next architecture will be “Rubin” and will arrive in 2025. Huang's comments confirm this report. So, we may see the R100 AI GPU very soon. NVIDIA will be stepping up on all chip types, not just AI chips. Huang made exciting announcements, saying, “New CPUs, new GPUs, new network cards, new switches… a bunch of chips are coming.”

NVIDIA's next generation #AI GPUs will be backward compatible. This means they will work seamlessly with your existing software. This means customers can easily switch from H100 to H200 to B100. “Customers will be able to easily migrate to their existing data centers,” said Huang. We can say that this is another indicator of NVIDIA's user-friendly approach.

NVIDIA's #CFO stated that the automotive industry will be the biggest enterprise trend in data center this year. Tesla purchased 35 thousand H100 GPUs to train its "fully autonomous (self) driving" system. Consumer internet companies like Meta also hold an important place in NVIDIA's growth verticals. Meta plans to power more than 350 thousand H100 GPUs by the end of the year.

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Binance Releases 19th Proof of Reserve. Binance, the world's largest cryptocurrency exchange, announced that it has published its 19th proof of reserve. The snapshot date is June 1, 2024. Users' BTC holdings reached 582,000 BTC, an increase of 0.09% compared to the last time (May 1). Thus, there was an increase of 534 BTC. However, users' ETH assets reached 4.664 million ETH, an increase of 7.02% compared to the last time. This represents an increase of 305,000 ETH from May to June. Finally, users' USDT holdings amounted to 22.08 billion USDT, down 3.38% compared to the previous time (772 million #USDT ). Defiling data shows Binance's current asset reserves are US$124.69 billion, with a net outflow of US$1.54 billion over last month. The report also includes data on other cryptocurrencies. You can review these in the table below. Proof of Reserves are assets held by the exchange for users. This means Binance shows evidence of having funds covering all user assets 1:1, as well as some reserves. When a user deposits one Bitcoin, Binance's reserves increase by at least one Bitcoin to ensure customer funds are fully supported. It's worth noting that this does not include the exchange's corporate assets, which are held in a completely separate ledger. “You should make sure that #Binance holds all user assets (and some reserves) in a 1:1 ratio, we have zero debt in our capital structure, and we have an emergency fund (SAFU fund) for emergencies.” Finally, the exchange's 11th Proof of Reserve audit report shows that assets are more than 100% safe. According to Binance, the proof of reserves (#PoR ) report proves that it has enough crypto assets to cover all customers' withdrawals, with reserves available in case of emergency. $BTC $ETH
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Stamina Gauge! Bitcoin Statement from Hong Kong's Top Executive. Hong Kong Securities and Futures Commission (SFC) chairman Julia Leung emphasized Bitcoin's durability as an alternative asset in her speech at the Greenwich Economic Forum. Leung noted Bitcoin's ability to survive despite multiple boom and bust cycles over the past 15 years. While central bankers and economists often argue that cryptocurrencies like Bitcoin and Ethereum lack intrinsic value, Leung noted that the durability of these assets and the Distributed Ledger Technology (DLT) behind them is undeniable. These statements by Leung coincide with the new licensing regime introduced by the SFC for cryptocurrency exchanges. These new regulations now require these platforms to obtain a license to serve individual investors in Hong Kong. However, these regulatory changes have drawn criticism from some quarters. Hong Kong lawmaker Duncan Chiu said the regulations were overly strict and discouraged major global exchanges from entering the Hong Kong market, negatively impacting market confidence. Julia Leung stated that although they support the development of the Web3 ecosystem in Hong Kong, this should not be misunderstood as an endorsement of the crypto asset (VA) class. Leung stated that cryptocurrencies are highly speculative and subject to extreme price volatility. To maintain and balance investor demand, #SFC has taken comprehensive measures to protect investors in this volatile market. Looking ahead, the SFC is preparing for legal regulations for stablecoins. Leung noted that the Hong Kong Monetary Authority (#HKMA ) recently completed a consultation on a proposed regime for stablecoin issuers. These new regulations will require issuers to provide full backing with high-quality, highly liquid reserve assets. The move is seen as part of a broader effort to bring stability and trust to the cryptocurrency landscape in Hong Kong. SFC also takes part in Project Ensemble, a tokenization initiative launched by the HKMA to explore the potential of a central bank digital currency (#CBDC ) $BTC
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