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IBM has outlined key factors for the successful adoption of the digital euro in a recent blog post. 1. **Build on Existing Infrastructure**: Leveraging the existing payments infrastructure is crucial for the initial success of the digital euro. While the European Commission's plan already touches on this, IBM suggests extending and enhancing this aspect. 2. **Simplicity and Familiarity**: The digital euro should be simple and familiar to users, facilitating initial adoption. This aligns with the idea of providing a user-friendly experience for individuals accustomed to traditional forms of payment. 3. **Role of Intermediaries**: Intermediaries play a role in facilitating acceptance of the digital euro. The currency's design should accommodate the needs of these intermediaries to ensure smooth integration and support for a diverse ecosystem. 4. **Granular Intermediary Ecosystem**: IBM proposes creating a more intricate network of intermediaries. By planning for multiple intermediaries between retail users and the ECB's digital euro components, smaller intermediaries can be better supported. 5. **API Standardization**: Standardizing APIs would simplify integration and promote healthy competition, making it easier for various services to interact with the digital euro. 6. **Privacy Considerations**: IBM advocates extending strong offline privacy guarantees to online transactions, ensuring end-to-end transaction privacy. This approach needs to be harmonized with existing regulations. 7. **Blockchain Benefits**: While not essential, blockchain technology can offer significant advantages for the digital euro. IBM suggests that the technology need not be more carbon-intensive than non-blockchain systems. 8. **Start with MVP and Sandbox**: Starting with a minimal viable product (MVP) enables a faster time-to-market. Additionally, creating a sandbox environment can help address the complexities of the digital euro's operational environment. #IBM
IBM has outlined key factors for the successful adoption of the digital euro in a recent blog post.

1. **Build on Existing Infrastructure**: Leveraging the existing payments infrastructure is crucial for the initial success of the digital euro. While the European Commission's plan already touches on this, IBM suggests extending and enhancing this aspect.

2. **Simplicity and Familiarity**: The digital euro should be simple and familiar to users, facilitating initial adoption. This aligns with the idea of providing a user-friendly experience for individuals accustomed to traditional forms of payment.

3. **Role of Intermediaries**: Intermediaries play a role in facilitating acceptance of the digital euro. The currency's design should accommodate the needs of these intermediaries to ensure smooth integration and support for a diverse ecosystem.

4. **Granular Intermediary Ecosystem**: IBM proposes creating a more intricate network of intermediaries. By planning for multiple intermediaries between retail users and the ECB's digital euro components, smaller intermediaries can be better supported.

5. **API Standardization**: Standardizing APIs would simplify integration and promote healthy competition, making it easier for various services to interact with the digital euro.

6. **Privacy Considerations**: IBM advocates extending strong offline privacy guarantees to online transactions, ensuring end-to-end transaction privacy. This approach needs to be harmonized with existing regulations.

7. **Blockchain Benefits**: While not essential, blockchain technology can offer significant advantages for the digital euro. IBM suggests that the technology need not be more carbon-intensive than non-blockchain systems.

8. **Start with MVP and Sandbox**: Starting with a minimal viable product (MVP) enables a faster time-to-market. Additionally, creating a sandbox environment can help address the complexities of the digital euro's operational environment.

#IBM
IBM Breakthrough: Advancing Crypto Security with Innovative Cold Storage Tech IBM Fortifies Crypto Security with Hyper Protect Offline Signing Orchestrator (OSO) In a strategic move, IBM has unveiled the Hyper Protect Offline Signing Orchestrator (OSO), a cutting-edge cryptographic signing technology designed to enhance the security of digital assets in cold storage. Teaming up with Metaco, a custody firm owned by Ripple, IBM's OSO introduces an extra layer of security to high-value transactions by incorporating features such as disconnected network operations, time-based security, and multi-stakeholder electronic transaction approval. This innovation addresses concerns related to manual procedures and aims to safeguard crypto assets by minimizing the risks associated with human interactions and potential threats. IBM's foray into cryptographic key management, leveraging its confidential computing suite, signifies a concerted effort to bolster security measures within the digital asset and cryptocurrency space. As the industry grapples with the limitations of cold storage, including the vulnerabilities stemming from inside jobs or forced attacks, IBM's OSO technology aims to counteract these challenges. By providing a secure and technologically advanced solution, IBM demonstrates its commitment to fortifying the resilience of crypto storage against a spectrum of potential threats. The practical implementation of the OSO technology by Metaco, a long-standing partner of IBM in the crypto sector, highlights the real-world application of this innovation. This collaboration not only showcases the effectiveness of OSO in custody scenarios but also underlines the importance of industry partnerships in advancing the security and integrity of cryptocurrency storage solutions. #IBM #CryptoisBetter #cryptocurreny #BinanceTournament #BTC $BTC $ETH $BNB
IBM Breakthrough: Advancing Crypto Security with Innovative Cold Storage Tech

IBM Fortifies Crypto Security with Hyper Protect Offline Signing Orchestrator (OSO)

In a strategic move, IBM has unveiled the Hyper Protect Offline Signing Orchestrator (OSO), a cutting-edge cryptographic signing technology designed to enhance the security of digital assets in cold storage. Teaming up with Metaco, a custody firm owned by Ripple, IBM's OSO introduces an extra layer of security to high-value transactions by incorporating features such as disconnected network operations, time-based security, and multi-stakeholder electronic transaction approval. This innovation addresses concerns related to manual procedures and aims to safeguard crypto assets by minimizing the risks associated with human interactions and potential threats.

IBM's foray into cryptographic key management, leveraging its confidential computing suite, signifies a concerted effort to bolster security measures within the digital asset and cryptocurrency space. As the industry grapples with the limitations of cold storage, including the vulnerabilities stemming from inside jobs or forced attacks, IBM's OSO technology aims to counteract these challenges. By providing a secure and technologically advanced solution, IBM demonstrates its commitment to fortifying the resilience of crypto storage against a spectrum of potential threats.

The practical implementation of the OSO technology by Metaco, a long-standing partner of IBM in the crypto sector, highlights the real-world application of this innovation. This collaboration not only showcases the effectiveness of OSO in custody scenarios but also underlines the importance of industry partnerships in advancing the security and integrity of cryptocurrency storage solutions.
#IBM #CryptoisBetter #cryptocurreny #BinanceTournament #BTC $BTC $ETH $BNB
#Huawei introduced its latest artificial intelligence ( #AI ) storage model, the OceanStor A310, at GITEX GLOBAL 2023 to address challenges related to large AI model applications. The OceanStor A310 is designed to support basic and industry model training, as well as inference in segmented scenario models, enhancing data processing speed for AI applications. Compared to #IBM 's ESS 3500, it feeds Nvidia GPUs nearly four times faster per rack unit using Nvidia's Magnum GPU Direct method. The #OceanStor A310 boasts impressive performance with up to 400GBps sequential read bandwidth and 208GBps write bandwidth. Each OceanStor can accommodate up to 96 NVMe SSDs, processors, and a memory cache, making it highly scalable and suitable for mixed workloads. Despite the potential for innovation, Huawei's entry into the AI storage market is complicated by U.S. sanctions on the company due to national security concerns. Nevertheless, the OceanStor A310 offers a promising solution to current data storage and processing inefficiencies in the AI industry, potentially driving innovation and efficiency.
#Huawei introduced its latest artificial intelligence ( #AI ) storage model, the OceanStor A310, at GITEX GLOBAL 2023 to address challenges related to large AI model applications. The OceanStor A310 is designed to support basic and industry model training, as well as inference in segmented scenario models, enhancing data processing speed for AI applications. Compared to #IBM 's ESS 3500, it feeds Nvidia GPUs nearly four times faster per rack unit using Nvidia's Magnum GPU Direct method. The #OceanStor A310 boasts impressive performance with up to 400GBps sequential read bandwidth and 208GBps write bandwidth. Each OceanStor can accommodate up to 96 NVMe SSDs, processors, and a memory cache, making it highly scalable and suitable for mixed workloads. Despite the potential for innovation, Huawei's entry into the AI storage market is complicated by U.S. sanctions on the company due to national security concerns. Nevertheless, the OceanStor A310 offers a promising solution to current data storage and processing inefficiencies in the AI industry, potentially driving innovation and efficiency.
⁠7,800 jobs at IBM could be replaced by AI within years, suggests CEO Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period. #Binance #BTC #crypto2023 #dyor #IBM
⁠7,800 jobs at IBM could be replaced by AI within years, suggests CEO

Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period.

#Binance #BTC #crypto2023 #dyor #IBM
A Closer Look at ChatGPT’s Pitfalls for Businesses 🔍 Jerry Cuomo, #IBM Automation's CTO, highlighted risks of using ChatGPT for businesses. He warned of data leakage, loss of control, and potential legal issues if sensitive data enters #ChatGPT . Intellectual property risks and open-source agreement violations were also noted. #OpenAI mentioned data wouldn't be shared, but default conversation saving in the web version and lack of an option to retain conversations without data sharing raised concerns. Businesses must carefully assess ChatGPT's benefits against data security, legal, and IP risks. #Binance #crypto2023
A Closer Look at ChatGPT’s Pitfalls for Businesses 🔍

Jerry Cuomo, #IBM Automation's CTO, highlighted risks of using ChatGPT for businesses.

He warned of data leakage, loss of control, and potential legal issues if sensitive data enters #ChatGPT .

Intellectual property risks and open-source agreement violations were also noted. #OpenAI mentioned data wouldn't be shared, but default conversation saving in the web version and lack of an option to retain conversations without data sharing raised concerns.

Businesses must carefully assess ChatGPT's benefits against data security, legal, and IP risks.

#Binance
#crypto2023
Reducing AI's Environmental Impact: ccarbon Foundation's Strategies for AI CompaniesAs AI technology rapidly advances, it is projected that by 2026, AI training will require ten times the current computing power, leading to a significant increase in energy and water consumption. Research indicates that running a large AI model can generate more emissions over its lifetime than an average car. A Goldman Sachs report predicts a 160% increase in power demand from AI applications by 2030. Despite these environmental challenges, AI holds the potential to drive sustainability by addressing complex problems, enhancing climate change understanding, and supporting the transition to renewable energy. Efficient AI Model Selection AI operations can be divided into three stages: training, tuning, and inferencing. Sustainable practices can be adopted at each stage. Opting for foundation models rather than creating new ones from scratch can significantly reduce energy costs, as these models can be customized quickly and efficiently. Additionally, choosing appropriately sized models is crucial; smaller models trained on high-quality data can be more efficient than larger ones. Research by IBM shows that smaller models can achieve performance comparable to larger models while consuming less energy. ccarbon Foundation exemplifies effective model selection. By using foundation models tailored for environmental data analysis, such as tracking glacier melting and bird migration patterns, ccarbon ensures that its AI tools are both energy-efficient and impactful. This approach helps ccarbon minimize energy consumption while optimizing the effectiveness of its environmental analyses. Thoughtful Processing Locations A hybrid cloud strategy provides flexibility in processing locations, which can reduce energy use. Processing can occur either in the cloud or on-premises, depending on specific needs. This method helps reduce data transfer and allows the use of renewable energy for processing. It is also essential to use only the required processing power. IBM has demonstrated this by optimizing its AI workloads, reducing standby computing power from 23 GPUs to 13 GPUs, thereby lowering energy consumption without compromising performance. ccarbon's global network of foundation partners is crucial in addressing cloud computing power transfer issues. ccarbon employs a hybrid cloud strategy, selecting data centers powered by renewable energy and strategically positioning processing tasks to minimize data transfer distances. They also carefully adjust processing requirements to avoid over-provisioning, ensuring efficient use of computing resources. This meticulous approach helps ccarbon reduce its environmental footprint while maintaining high-performance standards in AI operations. Thoughtful Processing Locations A hybrid cloud strategy provides flexibility in processing locations, which can reduce energy use. Processing can occur either in the cloud or on-premises, depending on specific needs. This method helps reduce data transfer and allows the use of renewable energy for processing. It is also essential to use only the required processing power. IBM has demonstrated this by optimizing its AI workloads, reducing standby computing power from 23 GPUs to 13 GPUs, thereby lowering energy consumption without compromising performance. ccarbon's global network of foundation partners is crucial in addressing cloud computing power transfer issues. ccarbon employs a hybrid cloud strategy, selecting data centers powered by renewable energy and strategically positioning processing tasks to minimize data transfer distances. They also carefully adjust processing requirements to avoid over-provisioning, ensuring efficient use of computing resources. This meticulous approach helps ccarbon reduce its environmental footprint while maintaining high-performance standards in AI operations. Embracing Open Source Open-source projects promote collaboration and innovation. Initiatives like Kepler help developers estimate their code's energy consumption, fostering more efficient practices. Open source allows leveraging collective knowledge to improve existing AI models, reducing the need for new, energy-intensive models. This approach not only supports cost-effective innovation but also provides flexibility and transparency. ccarbon actively engages with and contributes to open-source projects focused on AI energy efficiency. By sharing their advancements and collaborating with the broader community, ccarbon helps develop tools that make AI more sustainable. Integrating open-source solutions enhances transparency and reduces development and operational costs, aligning with ccarbon's mission to promote environmentally friendly and economically viable solutions. ccarbon Foundation's Efforts ccarbon Foundation is committed to balancing the ecological impact of the carbon credit market by integrating AI and machine learning into its FinTech operations. Additionally, machine learning is applied in optimizing financial management within the carbon credit market, providing viable solutions to manage climate change costs. Through these strategies, ccarbon responsibly leverages AI technology to address climate change and environmental challenges, exploring and providing solutions for the cost impacts of environmental effects for AI and tech giants. [For more information, please follow ccarbon Other social platforms and apps](https://www.binance.com/en/square/post/12456657415521) #ccarbon #ai #CryptoMarketMoves #TechnicalAnalysiss #IBM

Reducing AI's Environmental Impact: ccarbon Foundation's Strategies for AI Companies

As AI technology rapidly advances, it is projected that by 2026, AI training will require ten times the current computing power, leading to a significant increase in energy and water consumption. Research indicates that running a large AI model can generate more emissions over its lifetime than an average car. A Goldman Sachs report predicts a 160% increase in power demand from AI applications by 2030. Despite these environmental challenges, AI holds the potential to drive sustainability by addressing complex problems, enhancing climate change understanding, and supporting the transition to renewable energy.

Efficient AI Model Selection
AI operations can be divided into three stages: training, tuning, and inferencing. Sustainable practices can be adopted at each stage. Opting for foundation models rather than creating new ones from scratch can significantly reduce energy costs, as these models can be customized quickly and efficiently. Additionally, choosing appropriately sized models is crucial; smaller models trained on high-quality data can be more efficient than larger ones. Research by IBM shows that smaller models can achieve performance comparable to larger models while consuming less energy.

ccarbon Foundation exemplifies effective model selection. By using foundation models tailored for environmental data analysis, such as tracking glacier melting and bird migration patterns, ccarbon ensures that its AI tools are both energy-efficient and impactful. This approach helps ccarbon minimize energy consumption while optimizing the effectiveness of its environmental analyses.

Thoughtful Processing Locations
A hybrid cloud strategy provides flexibility in processing locations, which can reduce energy use. Processing can occur either in the cloud or on-premises, depending on specific needs. This method helps reduce data transfer and allows the use of renewable energy for processing. It is also essential to use only the required processing power. IBM has demonstrated this by optimizing its AI workloads, reducing standby computing power from 23 GPUs to 13 GPUs, thereby lowering energy consumption without compromising performance.
ccarbon's global network of foundation partners is crucial in addressing cloud computing power transfer issues. ccarbon employs a hybrid cloud strategy, selecting data centers powered by renewable energy and strategically positioning processing tasks to minimize data transfer distances. They also carefully adjust processing requirements to avoid over-provisioning, ensuring efficient use of computing resources. This meticulous approach helps ccarbon reduce its environmental footprint while maintaining high-performance standards in AI operations.

Thoughtful Processing Locations
A hybrid cloud strategy provides flexibility in processing locations, which can reduce energy use. Processing can occur either in the cloud or on-premises, depending on specific needs. This method helps reduce data transfer and allows the use of renewable energy for processing. It is also essential to use only the required processing power. IBM has demonstrated this by optimizing its AI workloads, reducing standby computing power from 23 GPUs to 13 GPUs, thereby lowering energy consumption without compromising performance.
ccarbon's global network of foundation partners is crucial in addressing cloud computing power transfer issues. ccarbon employs a hybrid cloud strategy, selecting data centers powered by renewable energy and strategically positioning processing tasks to minimize data transfer distances. They also carefully adjust processing requirements to avoid over-provisioning, ensuring efficient use of computing resources. This meticulous approach helps ccarbon reduce its environmental footprint while maintaining high-performance standards in AI operations.

Embracing Open Source
Open-source projects promote collaboration and innovation. Initiatives like Kepler help developers estimate their code's energy consumption, fostering more efficient practices. Open source allows leveraging collective knowledge to improve existing AI models, reducing the need for new, energy-intensive models. This approach not only supports cost-effective innovation but also provides flexibility and transparency.
ccarbon actively engages with and contributes to open-source projects focused on AI energy efficiency. By sharing their advancements and collaborating with the broader community, ccarbon helps develop tools that make AI more sustainable. Integrating open-source solutions enhances transparency and reduces development and operational costs, aligning with ccarbon's mission to promote environmentally friendly and economically viable solutions.

ccarbon Foundation's Efforts
ccarbon Foundation is committed to balancing the ecological impact of the carbon credit market by integrating AI and machine learning into its FinTech operations. Additionally, machine learning is applied in optimizing financial management within the carbon credit market, providing viable solutions to manage climate change costs.
Through these strategies, ccarbon responsibly leverages AI technology to address climate change and environmental challenges, exploring and providing solutions for the cost impacts of environmental effects for AI and tech giants.

For more information, please follow ccarbon Other social platforms and apps

#ccarbon #ai #CryptoMarketMoves #TechnicalAnalysiss #IBM
IBM will use AI to replace 7,800 back office employees#IBM #ai #technology An international technology corporation called IBM has disclosed its intention to stop hiring and swap 7,800 back office staff for AI. The company’s attempts to reduce expenses and streamline operations include this action. Pause in Hiring The business will hold hiring in some areas as it concentrates on “re-skilling and rebalancing” its staff, according to a report by News18 citing IBM’s Chief Financial Officer, Jim Kavanaugh, during an earnings call. It is anticipated that this hiatus will continue for a while. The action is being taken as IBM struggles to maintain its position as a market leader and as the COVID-19 pandemic’s financial effects become more apparent. Replacing Workers with AI The company’s goal is not new, as evidenced by IBM’s aim to replace 7,800 back office personnel with AI. Actually, IBM has been making investments in automation and AI technology for a number of years with the intention of boosting productivity and lowering costs. Several AI-based solutions, including IBM’s Watson AI platform, which is used for customer service, procurement, and supply chain management, have already been integrated into IBM’s back office operations, claims a Tech Monitor report. Implications for Workers Concerns regarding the effects on employment have been highlighted by the effort to replace workers with AI. Although IBM has promised to offer re-skilling opportunities to affected employees, it is unclear how successful these efforts will be in assisting employees in transitioning to new roles. In addition, the employment of AI in back office tasks raises concerns about the possibility of job loss in other sectors that depend largely on human labor. Conclusion Even while this decision could be advantageous to the business in the short run, it raises questions about how it will affect employment and the possibility of job displacement in other sectors. -------------------------------- NFTStudio24 is a global media platform dedicated to empowering the emerging world of decentralization, blockchain, metaverse, NFT, and crypto by reporting on the latest and most authentic news. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more. nftstudio24.com © 2022 NFTStudio24.com News Network. All Rights Reserved.

IBM will use AI to replace 7,800 back office employees

#IBM #ai #technology

An international technology corporation called IBM has disclosed its intention to stop hiring and swap 7,800 back office staff for AI. The company’s attempts to reduce expenses and streamline operations include this action.

Pause in Hiring

The business will hold hiring in some areas as it concentrates on “re-skilling and rebalancing” its staff, according to a report by News18 citing IBM’s Chief Financial Officer, Jim Kavanaugh, during an earnings call. It is anticipated that this hiatus will continue for a while.

The action is being taken as IBM struggles to maintain its position as a market leader and as the COVID-19 pandemic’s financial effects become more apparent.

Replacing Workers with AI

The company’s goal is not new, as evidenced by IBM’s aim to replace 7,800 back office personnel with AI. Actually, IBM has been making investments in automation and AI technology for a number of years with the intention of boosting productivity and lowering costs.

Several AI-based solutions, including IBM’s Watson AI platform, which is used for customer service, procurement, and supply chain management, have already been integrated into IBM’s back office operations, claims a Tech Monitor report.

Implications for Workers

Concerns regarding the effects on employment have been highlighted by the effort to replace workers with AI. Although IBM has promised to offer re-skilling opportunities to affected employees, it is unclear how successful these efforts will be in assisting employees in transitioning to new roles.

In addition, the employment of AI in back office tasks raises concerns about the possibility of job loss in other sectors that depend largely on human labor.

Conclusion

Even while this decision could be advantageous to the business in the short run, it raises questions about how it will affect employment and the possibility of job displacement in other sectors.

--------------------------------

NFTStudio24 is a global media platform dedicated to empowering the emerging world of decentralization, blockchain, metaverse, NFT, and crypto by reporting on the latest and most authentic news. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

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© 2022 NFTStudio24.com News Network. All Rights Reserved.
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