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Cryptopolitan
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Samsung Has Developed Fastest 10.7Gbps LPDDR5X DRAM for AI Applications
Today, Samsung announced that it has developed the fastest DRAM called LPDD5X DRAM, which is the fatest available in the entire industry, with speeds reaching up to 10.7 GB per second.

According to the Korea based tech behemoth, this new memory chip is capable of high performance to meet the requirements essential for on-device artificial intelligence needs, and that with lower power consumption. The new chip from Samsung is also the smallest among already available LPDDRs, which also reinforces Samsung’s position as a tech leader now also in DRAM sector. The size of the new chip is said to be 12 nanometer (NM)-class technology.

Samsung’s LPDDR5X for on-device AI

The need for high performing LPDDR memory chips with lower power consumption is increasing as the trend of AI applications is gaining popularity, and these apps require on-device AI capability, which makes direct processing possible on the device, which will be boosted with the new chip. 

The company also said that these chips will also be used in other applications, along with mobile phones. Executive Vice President of Memory Product Planning at Samsung Electronics, YongCheol Bae, said,

“As demand for low-power, high-performance memory increases, LPDDR DRAM is expected to expand its applications from mainly mobile to other areas that traditionally require higher performance and reliability, such as PCs, accelerators, servers, and automobiles.”

He further added,

“Samsung will continue to innovate and deliver optimized products for the upcoming on-device AI era through close collaboration with customers.” 

Source: Samsung.

New chip offers better performance parameters

Samsung revealed that their new 10.7Gbps LPDDR5X will improve performance by 25% and also the memory capacity by more than 30% compared to their previous generation of chips. These new chips will also increase the capacity of mobile DRAM up to 32 gigabytes in a single package. Which means lower costs of production for cell phones and lower prices for customers. 

Samsung said that the benefits of high performance married with low-power memory and also high capacity make their chip a better solution to the requirements of on-device AI. 

Speaking of tech used, Samsung said that LPDDR5X uses specialized power saving techniques by optimizing power variation. It means that the chip adjusts the power consumption according to workload and expands low power intervals, which results in better battery life for devices.

The 1.7Gbps LPDDR5X chip is expected to roll out during the second half of the year after verifications from mobile device producers and mobile application processors. Back in January, Samsung introduced its Galaxy AI on its Galaxy S24 smartphone. Packing quite some features related to AI, the phone was capable of live translation during the calls. There were other AI features as well, like photo editing, and Samsung said the features will be available on an extended line up of their phones.

According to Samsung, some devices will use on-device features, while others will rely on the cloud for processing.

The Samsung announcement can be seen here.
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Cryptopolitan
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Binance Appoints First Board of Directors
Binance Holdings Ltd. has installed its first board of directors, which signifies a very meaningful occurrence for the cryptocurrency exchange. 

According to a Bloomberg report, the new board has a composition of seven members, combining company functional heads with external specialists to steer it through its operational and regulatory environment.

The New Board Composition

The board features Binance CEO and three other executives from within the company: Heina Chen, Jinkai He, and Lilai Wang. They are accompanied by three external members who are very knowledgeable from different industries. Gabriel Abed, previous Ambassador of Barbados to the United Arab Emirates and Kuwait; Arnaud Ventura, an entrepreneur with a track record of founding companies, such as PlaNet Finance; and Xin Wang, CEO at Bayview Acquisition Corp., serve as the selected external advisors. This mix of different participants is one of Binance’s strategies to improve its governance and compliance approaches.

Background and Developments

This announcement follows a year of lawsuits for Binance. The allegations that the exchange faced had to do with money laundering as well as unauthorized money transmission, and this ended with a plea of guilty to these. Binance agreed to pay the aggregate fines of $4.3 billion to resolve these issues. Further, the former CEO, Changpeng Zhao also pleaded guilty to the charges and agreed to a fine of $50 Million and terminated from the position.

After Zhao’s resignation, Richard Teng, who had earlier served as Binance’s Global Head of Regional Markets, was appointed the new CEO. The formation of the board of directors is one of the first major steps of Teng’s administration, and it indicates a transition toward the enhancement of the company’s adherence to global financial rules.
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