Computing Result – Formes http://formes.asia/ Thu, 22 Jul 2021 07:03:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://formes.asia/wp-content/uploads/2021/06/icon-1-150x150.png Computing Result – Formes http://formes.asia/ 32 32 The Gas Shortage That Could Kill Space Exploration https://formes.asia/the-gas-shortage-that-could-kill-space-exploration/ https://formes.asia/the-gas-shortage-that-could-kill-space-exploration/#respond Thu, 22 Jul 2021 07:03:35 +0000 https://formes.asia/?p=242 The Gas Shortage That Could Kill Space ExplorationFN Media Group Presents Oilprice.com Market Commentary LONDON, July 8, 2021 /PRNewswire/ — We’ve had supply scares for this gas before; but this time around, it coincides with the depletion of the US federal reserve and soaring demand from some of the biggest industries on earth.  Mentioned in today’s commentary includes:  Nvidia (NASDAQ: NVDA), Netflix […]]]> The Gas Shortage That Could Kill Space Exploration

FN Media Group Presents Oilprice.com Market Commentary

LONDON, July 8, 2021 /PRNewswire/ — We’ve had supply scares for this gas before; but this time around, it coincides with the depletion of the US federal reserve and soaring demand from some of the biggest industries on earth.  Mentioned in today’s commentary includes:  Nvidia (NASDAQ: NVDA), Netflix Inc. (NASDAQ: NFLX), Alphabet (NASDAQ: GOOG), Taiwan Semiconductor Manufacturing Co. (NYSE: TSM), Advanced Micro Devices (NASDAQ: AMD).

The tech industry is likely to find itself scrambling to secure supply…It’s key to hard drives. It helps feed our insatiable hunger for big data. Without it, medicine would be deprived of MRIs and critical R&D. 

Even billionaire Jeff Bezos’ Blue Origin space mission depends on it… as the richest man in the world prepares to go on the maiden commercial flight into space. So does Elon Musk’s SpaceX, Richard Branson’s Virgin Galactic, and of course, NASA. 

That’s why we’ve had a federal reserve for this gas and price controls since the early days of the Cold War. The gas is helium, and we’re running out.   The Federal Reserve has all but been depleted and the bottom of the barrel, so to speak, is being auctioned off. By September, this supply will likely cease to exist. So will the price controls. 

That puts a junior explorer like Avanti Energy Inc. (AVN.V – ARGYF.PK) in a prime position to benefit from the anticipated helium rush. Avanti is aiming to become a helium leader, and the natural gas track record of some of its team suggests it can pull it off.

The Lucrative Helium Paradox

Demand for helium is so high right now because it has so many medical, scientific, big tech and industrial applications, and some think it can’t be replaced by anything else in most cases. And big tech is only getting bigger.

This is way beyond balloons, here, and that’s exactly why Avanti

(AVN.V – ARGYF.PK)

 is scooping up property so quickly. Helium is essential for MRIs and it is a critical component of scientific, and medical research. It may also be used to help treat pulmonary disease, which has come into sharp focus as a result of COVID-19.

Our thirst for big data may hinge on helium, too. Helium is required for the manufacture of semiconductors and chips. Netflix (NASDAQ:NFLX) is reported to store data on helium-filled drives, which revolutionized data storage starting in 2013.

Without helium, Netflix’s 74 million subscribers won’t be binge-watching anything. Netflix stores its data on 36 drives that can use helium to increase their storage capacity and hold about 100TB of data.   And the amount of big data being stored continues to grow at an unimaginable pace, with Amazon, Google, IBM, Apple, Facebook, and countless others binge-collecting with no end in sight. Some estimates suggest that at least 2.5 quintillion bytes of data is produced every single day. That’s a number followed by 18 zeros. 

This gas is behind our race to dominate quantum computing and to develop rocket technology, too. Even bitcoin mining may be dependent on helium, which is used as a coolant.  Until now, we’ve always had the U.S. Federal Helium Reserve (FHR) in Amarillo, Texas, to rely on. Since the Cold War, the Fed has been stockpiling helium, providing some 40% of the world’s supply.

~60,000 Acres of Prime-Time North American Helium Prospects

Avanti is harnessing what we think promises to be a major supply squeeze. And it’s not wasting any time. In rapid succession…

On March 29th, Avanti acquired the license for over 6,000 acres from the Government of Alberta in highly prospective helium territory, and it’s snowballed from there. Now, Avanti owns the Knappen and Aden projects in Alberta and has made its even bigger strategic move on Montana.

Knappen is ~7,000 acres with nitrogen-rich helium in multiple zones. Gas analysis shows helium concentrations up to 2.18% and nitrogen up to ~98%. It also shows the presence of several deep structural high features that are ideal for trapping helium. 

Right nearby, Aden is a ~2,500-acre play with a closed structural high, also ideal for trapping helium, and multiple shows of up to 2%. It’s also the first asset to advance into the exploration phase and drilling is expected by the end of this year already.

On April 16th, Avanti (AVN.V – ARGYF.PK) entered a letter of intent to acquire a 12,000-acre land package in Montana that is in close proximity to, and on-trend with, an active, nitrogen-rich helium drilling area in Saskatchewan. 2D and 3D seismic data shows several structures prospective for helium trapping, while multiple gas analyses show notable concentrations of helium, suggesting upward migration of helium and good potential for deeper helium-rich zones.

It’s got a history, too: In the 1970s, the USGS drilled high-grade helium wells nearby, yielding helium that would be commercially viable at today’s prices. But it was on June 14th that investors might have gained the biggest boost of confidence when Avanti moved to capture ~50,000 more acres in Montana.

100X More Valuable Than Natural Gas

Helium is about 100X more valuable than Natural gas. Natural gas prices (Henry Hub) are hovering around $3 per Mcf. Helium runs at $200$400 per Mcf.

Raw helium is now selling for ~$350 per Mcf, while refined helium is selling for a whopping $600$650 per Mcf, making it a fantastic low volume/high-value commodity. 

That’s what happens when the US takes over 2 billion cubic feet off the market. 

And Avanti has the Alberta advantage in more ways than one. Not only is Alberta shaping up to be prime time land for our helium supply future, but 1% helium is considered a solid concentration. So far, data is showing 2% helium indications on some areas on Avanti’s acquisitions. 

All of this may combine to make helium one of the biggest commodity stories of the decade. It’s been a “strategic” gas since the Cold War, but until recently, its main attraction has been … balloons.

That story has changed in such a dramatic way, and we think its ending could be a very solid play for investors. Big tech and scientific, medical, and space developments have rendered this a “supergas”.

Against this backdrop, Beacon Securities Limited has been following  Avanti Energy Inc. (AVN.V – ARGYF.PK), noting: “We believe critical mass has been achieved and Avanti now has a key asset on which its world-class technical team can explore.”

We think everything is lining up for Avanti, with its largest acquisition to date now at the finish line and a helium supply crunch that could define the future of the world’s biggest technology threatening to make us regret all those party balloons.

Big Tech Is Reliant On Helium

Video streaming giant, Netflix Inc. (NASDAQ:NFLX), is just coming off a banner year whereby the company’s subscriber tally set new records, managing to once again shrug off intense competition from streaming rivals. Netflix gained 37 million new subscribers in 2020, easily besting its previous record gain of 28.6 million new subscribers in 2018, to finish the year with 203.67 million paid subscribers worldwide. Obviously, Netflix had Covid-19 and the stay-at-home trend to thank for the massive growth as consumers sheltering at home turned to streaming entertainment in droves.

And despite all of its gains, it’s still facing another major problem that is impacting all of Big Tech…a looming helium and semiconductor shortage. As previously mentioned, without helium, there would be no internet. And obviously, without internet, there would be no Netflix. That’s why as early as 2018, Netflix and Google both were buying up massive amounts of helium. 

Alphabet (NASDAQ:GOOG), the parent company of Google, knows exactly how important this resource is. Not only is it key in making the internet possible, it is also a critical green component in Google’s massive data centers.  

Though it is one of the largest companies on the planet, clocking in with a $1.6 trillion market cap, in many ways Alphabet has lived up to its original “Don’t Be Evil” slogan. Not only is it powering its data centers with renewable energy, it is also on the cutting edge of innovation in the industry, investing in new technology and green solutions to build a more sustainable tomorrow.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is the world’s largest contract chip manufacturer, meaning it’s tasked with making chips for dozens of fabless tech companies including Apple, Qualcomm, Nvidia and Advanced Micro Devices among others. That means Taiwan Semiconductor’s responsibility is unparalleled. If it can’t keep up with demand, there could be some serious problems.  The fact that only a handful of chip manufacturers actually own chip-making facilities has made the situation even more dire. Indeed, many leading top semiconductor companies are “fabless,” meaning they only design the chips but rely on other companies, known as foundries, to actually make the chips. The shift to outsourcing has been having a big effect on structural changes and related capacity because companies that cut orders in the early days of the pandemic have been forced to go to the back of the line.

Advanced Micro Devices (NASDAQ:AMD) is one of the world’s top chipmaker and semiconductor producers. And it is set to play a major role in producing the tech that will drive the future.  While it’s primarily known as a gaming company, AMD, along with Nvidia are present in most modern computers, whether it’s a Dell, Lenovo, Razer or even an Apple, at least one component in that computer will likely be built and manufactured by either AMD or NVDA. 

AMD’s most significant challenger, Nvidia (NASDAQ:NVDA), is also pushing new tech into the future. It’s even setting new records with the introduction of its A30 and A10 enterprise server GPUs. Thanks to its innovation and dedication to its clients, Nvidia is present within the highest levels of tech in just about every industry imaginable. From Big Finance and Fintech to robots, engineering, and even building the cities of tomorrow, Nvidia’s hardware is at the core of some of the most exciting innovations being rolled out into the world today.

By. Celeste Barber

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that prices for helium will significantly increase due to global demand and use in a wide array of industries and that helium will retain its value in future due to the demand increases and overall shortage of supply; that Avanti can pursue exploration of the recently acquired licenses of property in Alberta; that Avanti’s licenses in respect of the Alberta property can achieve drilling and mining success for helium; that Avanti will be able acquire the rights to helium on 12,000 acres of prospective land in Montana pursuant to its announced letter of intent; that Avanti will be able acquire the rights to helium on approximately 50,000 acres of additional prospective land in Montana pursuant to two recently announced binding agreements; that the Avanti team will be able to develop and implement helium exploration models, including their own proprietary models, that may result in successful exploration and development efforts; that historical geological information and estimations will prove to be accurate or at least very indicative of helium; that high helium content targets exist in the Alberta and Montana projects; and that Avanti will be able to carry out its business plans, including timing for drilling and exploration. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that demand for helium is not as great as expected; that alternative commodities or compounds are used in applications which currently use helium, thus reducing the need for helium in the future; that the Company may not fulfill the requirements under its Alberta licenses for various reasons or otherwise cannot pursue exploration on the project as planned or at all; that the Company may not be able to acquire the helium rights to the Montana lands as contemplated in the letter of intent, binding agreements or at all; that the Avanti team may be unable to develop any helium exploration models, including proprietary models, which allow successful exploration efforts on any of the Company’s current or future projects; that Avanti may not be able to finance its intended drilling programs to explore for helium or may otherwise not raise sufficient funds to carry out its business plans; that geological interpretations and technological results based on current data may change with more detailed information, analysis or testing; and that despite promise, there may be no commercially viable helium or other resources on any of Avanti’s properties. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. Oilprice.com and its owners and affiliates (“Oilprice.com”) have not been compensated by Avanti but may in the future be compensated to conduct investor awareness advertising and marketing for AVN. The information in this report and on our website has not been independently verified and is not guaranteed to be correct.

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AMD stock price: what to expect from second quarter results https://formes.asia/amd-stock-price-what-to-expect-from-second-quarter-results/ https://formes.asia/amd-stock-price-what-to-expect-from-second-quarter-results/#respond Thu, 22 Jul 2021 03:30:00 +0000 https://formes.asia/amd-stock-price-what-to-expect-from-second-quarter-results/ When does AMD declare its income? Advanced Micro Devices Inc (All Sessions) is expected to release its second quarter financial results on July 27 after market close. As of this writing, Refinitiv estimates its second quarter earnings per share at US $ 0.54, an increase of 3.8% from the previous quarter. What to expect AMD […]]]>

When does AMD declare its income?

Advanced Micro Devices Inc (All Sessions) is expected to release its second quarter financial results on July 27 after market close. As of this writing, Refinitiv estimates its second quarter earnings per share at US $ 0.54, an increase of 3.8% from the previous quarter.

What to expect

AMD has benefited greatly from the Covid-19 pandemic, experiencing high demand for all of its products such as consoles, PCs (CPU and GPU) and server processors. Q3 2020 revenue saw an increase, which continues into 2021, although it can be noted that sequential growth may have slowed slightly as economies move towards normalization.

In the PC space, its revenue is growing significantly faster than the overall market, potentially suggesting market share gains over competitors such as Intel Corp (All Sessions).

Its strength in seven nanoscale processors, manufactured by Taiwan Semiconductor Manufacturing Co Ltd – ADR, could continue to gain competitive advantage from Intel by focusing on high-end segments rather than low-end units. This may have been reflected in its gross margins, which have grown steadily over the past three quarters, a potential result of higher average selling prices for its premium products. Investors will be watching if the growth momentum continues in the coming earnings as demand continues to outstrip supply.

Breakdown of revenues and overall gross margin


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Intel’s possible rationale for purchasing GlobalFoundries, Inc. https://formes.asia/intels-possible-rationale-for-purchasing-globalfoundries-inc/ https://formes.asia/intels-possible-rationale-for-purchasing-globalfoundries-inc/#respond Tue, 20 Jul 2021 16:49:12 +0000 https://formes.asia/intels-possible-rationale-for-purchasing-globalfoundries-inc/ Intel 2.0 – a hopeful throwback to Intel’s more competitive days when the company Santa Clara ruled … [+] the world of microprocessor chips (Photo by David McNew / Newsmakers) Getty Images On March 23, 2021, Intel hosted an online event titled Engineering the Future in which CEO Pat Gelsinger outlined his vision for the […]]]>

On March 23, 2021, Intel hosted an online event titled Engineering the Future in which CEO Pat Gelsinger outlined his vision for the company. He nicknamed it Intel 2.0. Gelsinger has promised a return to the more competitive days of Intel when the Santa Clara-based company ruled the world of microprocessor chips that run inside Windows personal computers and, eventually, servers.

“We are bringing back the execution discipline of Intel. I call it Grovian culture that we do what we say we will do. May we have this confidence in our execution. Let our teams be motivated. Whether we said we’re going to do x, we’re going to do 1.1x, every time we commit. It is the Intel culture that we are bringing back.

In its March 23 post, Gelsinger said Intel would spend $ 20 billion on two new chip foundries in Arizona, the first components of an independent division called Intel Foundry Services. IFS foundries can now manufacture chips for any architecture and enterprise, something Intel management wouldn’t even have thought of 10 years ago. This seems to mean that they could potentially create processors with ARM cores in the future.

Intel had an ARM business but sold it in the late 1990s.

At the turn of the century, I spoke with Intel CEO Craig Barrett and asked him why they decided to sell their ARM business. At that time, the demand for more powerful and less power hungry processors was just starting to be felt.

He told me that Intel’s Israeli teams, who were doing much of the R&D for their mobile processors at the time, assured him that Intel would be able to develop their own X86 chips with a demand for power. lower within 2-3 years and the need for a voltage processor would not be necessary. That’s why he sold the ARM business.

Unfortunately, the group creating a low-voltage X86 processor found the task more difficult than expected, and as a result, when Steve Jobs asked Intel to create a processor for the original iPhone around 2004-2005, Intel didn’t was unable to provide one that meets Apple’s needs. .

At the heart of Mr. Gelsinger’s Intel 2.0 strategy is the drive to create faster processors that generate the majority of demand to power next-generation desktops, laptops and servers. The term most used for this is high performance computing. The $ 20 billion investment in new factories will focus exclusively on creating these types of high-speed processors to help Intel regain a more powerful leadership role in the semiconductor industry.

Gelsinger also told us that Intel would be dropping its Immersion lithograph (IT) method of manufacture and undertakes to Extreme ultraviolet process (EUV) promoted by Taiwan Semiconductor Manufacturing Company.

It is clear from Gelsinger’s Proclamation 2.0 that Intel sees the demand for high-speed processors as key to its future and at the time seemed to say that this represented the best way for Intel to grow the business in the future. .

But last Thursday, the WSJ announced that Intel was in talks to buy GlobalFoundries, an AMD spin-off that develops mid-to-low-level processors used in thousands of applications that don’t need high-end processors. range.

I should point out that this report, to date, has not been confirmed and all references to this Intel / GlobalFoundries story refer only to the WSJ article listed above.

Intel’s new high-performance processors will be based on 10nm, 7nm, 5nm, and 2nm processes over time. GlobalFoundries’ fastest process technology starts at 24nm and goes up to over 300nm-400nm as it makes what many call processors for the “rest of the goods” that need some form of computing power.

So, if Intel is committed to driving its future towards high performance computing, why would it care about GlobalFoundries, whose stated vision is to deliver low-end processors to the “rest of the market”?

Since this story of Intel’s interest in GlobalFoundries has not been confirmed, I can only speculate as to why Intel might be interested in such an acquisition.

However, a clue of how Intel may think comes from Mr Gelsinger’s speech on March 23 when he pretty much promised to bring Intel back to its glory days and be very competitive again.

He didn’t specifically say, “only competitive in high performance computing.” In fact, at the time of this speech, I noticed that they had given themselves some leeway to possibly expand their market at a time when they were the # 1 supplier of microprocessors not just for PCs, but for hundreds of products requiring any type of computing power.

Intel’s history is ripe with the supply of microcontroller processors, sensors, and other control level computer chips for use in just about any industry in the past. They eventually tightened their focus on PCs and servers, but still provide mid-level processors to meet the needs of various industries.

If they acquire GlobalFoundries, Inc., they would acquire a company with a solid foundation in process technology and equipped to meet the growing need for processors of all types. This may be on Gelsinger’s mind if the goal is to bring Intel back to its glory days as one of the leading suppliers of microprocessors for every industry.

While any deal of this nature will have to go through government scrutiny, Intel may have something in its favor that will help it get US and EU approval quickly. Both the US and the EU are keenly aware of the processor shortages affecting all industries today and know that China is moving quickly to try to fill this void. Although China is behind in establishing factories for high-end computing, my sources tell me that China buys every level of computer manufacturing technology it can get its hands on. Many Chinese semiconductor companies have switched to more sophisticated chip-making technology, leaving behind thousands of machines that can still produce low-end processors, controllers and sensors.

If American and European companies aren’t careful, China could one day carve out the lion’s share of non-high-performance computer processors. GlobalFoundries will always be a force to be reckoned with in this arena, but an alliance or outright takeover by Intel would ensure that together they could beat any Chinese competition in the non-high performance category. Their combined strengths might be able to provide processors at all levels to global companies that might be reluctant to use Chinese processors and associated chips that might include some level of spy or tracking technology.

As I said earlier, the report that Intel is considering acquiring GlobalFoundries has not been confirmed or denied. All references to this are to the original WSJ story listed above. However, if there is any truth to this, I could see Intel’s possible rationale for making a deal like this, which would ensure that Intel would once again become the number one full-service semiconductor company it did. was in his glory days.


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Top 5 tech stocks to buy on July 20, 2021 https://formes.asia/top-5-tech-stocks-to-buy-on-july-20-2021/ https://formes.asia/top-5-tech-stocks-to-buy-on-july-20-2021/#respond Tue, 20 Jul 2021 05:34:18 +0000 https://formes.asia/top-5-tech-stocks-to-buy-on-july-20-2021/ by Aratrika Dutta July 20, 2021 Information technology can help grow businesses of all sizes. Investing in new technology can lower costs and increase profitability. The technology sector includes companies that sell goods and services in electronics, software, computers, artificial intelligence (AI) and other industries related to information technology ( TI). Keep abreast of the […]]]>

by Aratrika Dutta
July 20, 2021

Information technology can help grow businesses of all sizes. Investing in new technology can lower costs and increase profitability. The technology sector includes companies that sell goods and services in electronics, software, computers, artificial intelligence (AI) and other industries related to information technology ( TI). Keep abreast of the latest developments in information systems and communication technologies and invest in the most advantageous technology that suits you.

Analytics Insight presents the top 5 tech stocks that investors can buy today.

CDK Global Inc

Price today: $ 50.41

Market capitalization: US $ 6.1 billion

CDK Global provides integrated technology to the automotive, heavy truck, recreational and heavy equipment industries. The company helps auto dealers and original equipment manufacturers (OEMs) streamline and get the most out of their day-to-day operations.

HP Inc

Today’s Price: $ 29.20

Market capitalization: US $ 35.1 billion

HP is a global provider of personal computing, imaging and printing products and services. The company’s services include desktop and laptop computers, workstations, retail point-of-sale systems, displays, printers and hardware, as well as support and services. HP serves individuals, businesses of all sizes, and government customers.

Arrow Electronics Inc

Price today: $ 111.65

Market capitalization: US $ 8.2 billion

Arrow Electronics is a global supplier of electronic components, computer products and enterprising IT solutions for OEMs, contract manufacturers and other business customers. The company supplies batteries, displays, sensors, memory products and a wide range of other electronic components.

Intel Corp

Price today: $ 55.26

Market capitalization: US $ 223.1 billion

Intel designs and manufactures computer components and related products, including processors, chipsets, server products, memory and storage, Ethernet products, wireless connectivity products, and more.

Synnex Corp

Today Price: $ 118.92

Market capitalization: US $ 6.2 billion

Synnex is a provider of IT solutions and value-added services. It provides a wide range of distribution, logistics and integration services to the technology industry. Its core expertise includes computer systems and servers, system components, software, communications and security equipment, and consumer electronics.

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It’s “extremely hot” with opportunities https://formes.asia/its-extremely-hot-with-opportunities/ https://formes.asia/its-extremely-hot-with-opportunities/#respond Sun, 18 Jul 2021 14:31:54 +0000 https://formes.asia/its-extremely-hot-with-opportunities/ Amid increasing digital transformation deals and demand for talent, attrition rates at leading IT companies in India continue to rise. In companies such as Infosys, Wipro and L&T Infotech, attrition was 14-15% at the end of the first quarter of fiscal 2022. Jyoti Roy, DVP-Equity Strategist, Angel Broking said Activity area that a major cause […]]]>

Amid increasing digital transformation deals and demand for talent, attrition rates at leading IT companies in India continue to rise. In companies such as Infosys, Wipro and L&T Infotech, attrition was 14-15% at the end of the first quarter of fiscal 2022.

Jyoti Roy, DVP-Equity Strategist, Angel Broking said Activity area that a major cause of this trend is the contraction of traditional services as the demand for digital services increases. Although companies try to retrain their employees, the demand will continue to outweigh the supply of talent.

“The Indian IT sector is in a phase of multi-year growth given the accelerated adoption of digital technologies for digital services due to the Covid 19 pandemic. Due to this phenomenon, there is a mismatch between the supply and the demand for digital skills, with the demand far exceeding the available talent pool. As a result, there has been an increase in attrition rates, ”Roy said.

The attrition rate at Wipro rose to 15.5% against 11% in September 2021, at Infosys to 13.9% against 7.8% and at L&T Infotech, it is up 15.2% against 13, 5%. TCS, however, managed to reduce the attrition rate marginally to 8.6 percent from 8.9 percent.

Sanjay Jalona, ​​CEO and Managing Director of LTI said Activity area, “The market is extremely hot with opportunities, the attrition rate of everyone in the industry is high. Our attrition rate for the first quarter of fiscal 22 is 15.2%. It has increased slightly and will continue to increase over the next two or three quarters as demand will remain high. “

While Tata Consultancy Services crossed an overall workforce of 500,000 people worldwide this quarter, adding 20,409 employees in this quarter alone, its attrition rate fell from 7.2% in Q4FY21 to 8. , 6% at T1FY22.

Vahishta Unwalla, Chief Analyst – Industry Research, Care Ratings calls this a “usual way of doing business in the IT industry” because many early entrants left their jobs around this time to pursue higher education. “First-quarter attrition typically peaks because junior-level employees leave companies to pursue their education. In the same quarter of last year, attrition in the IT industry was low as the pandemic just started and people feared job losses, ”she said.

Hiring frenzy

All companies have announced ambitious hiring plans for FY22. Infosys will add 35,000 new employees this fiscal year while Wipro will hire 9,000 on campus. Wipro also plans to roll out 30,000 letters of offer for on-campus hiring, which will join FY 23.

TCS added 40,000 last year and said it will add more this year.

LTI added 2,300 employees in the first quarter of fiscal 22 and has committed to add 4,500 new employees this year. Last year, they added 3,000 Freshers in total.

“We have a lot of confidence when we commit to these numbers because all of our assets are our employees. We will continue to be in the leader growth quadrant given our speed of exit and our deal pipeline, ”said Jalona.


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Google’s New Cloud Computing Tools Help You Choose the Most Eco-Friendly Data Center https://formes.asia/googles-new-cloud-computing-tools-help-you-choose-the-most-eco-friendly-data-center/ https://formes.asia/googles-new-cloud-computing-tools-help-you-choose-the-most-eco-friendly-data-center/#respond Sat, 17 Jul 2021 14:10:07 +0000 https://formes.asia/googles-new-cloud-computing-tools-help-you-choose-the-most-eco-friendly-data-center/ Google Cloud Region Picker automatically recommends cloud regions based on three factors: carbon footprint, cost, and latency. Morsa Images / Getty Images In another offer Cloud computing Eco-friendly Google has created a new tool that encourages customers who choose the following cloud regions to choose a more sustainable infrastructure. When users browse the cloud resource […]]]>

Google Cloud Region Picker automatically recommends cloud regions based on three factors: carbon footprint, cost, and latency.

Morsa Images / Getty Images

In another offer Cloud computing Eco-friendly Google has created a new tool that encourages customers who choose the following cloud regions to choose a more sustainable infrastructure.

When users browse the cloud resource management options, Google flags areas with the least carbon impact, highlighted by a leaf symbol and a “minimum CO2” label.

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This new feature has already appeared as part of the location picker in the cloud console. This allows Google customers to manage a variety of factors that power cloud applications, from invoices to databases to cloud regions.

to have: Green energy policy for computer data centers (TechRepublic Premium)

To earn the Green Honor Badge, you must achieve at least a 75% carbon-free energy percentage (CFE%) in a particular cloud region. This is a data center in the region where, on average, renewables are used three quarters of the time.

If no CFE% information is available, the region should instead display low grid carbon resistance. This corresponds to the average emissions produced by the local grid when fossil energy is to be used. This can vary greatly from region to region and has a direct impact on the sustainability of the data center in that region.

Advertisement for the cloud giant earlier this year Publication of a dataset containing most of the hourly CFE% and grid carbon intensities for the regionReflect the average combination of carbon-free and fossil fuels used to power data centers in different cloud regions.

The CFE percentage is calculated based on the amount of carbon-free energy produced in the local grid and the amount of renewable energy that can result from Google purchases. Therefore, a high CFE% indicates that the region has been running on green electricity for longer. The differences between the different regions are significant. For example, Singapore has the lowest rating of 3%, while Oregon has a CFE% of 89%.

CFE% is an important indicator of accountability for Google’s goals. Run your business with carbon-free energy anytime, anywhere by 2030..

Since 2017, Google claims to match 100% of the world’s electricity consumption to solar power and energy. The company efficiently supplements its overall electricity consumption by purchasing the same amount of electricity from carbon-free sources anywhere in the world. However, this is different from operating a data center using renewable energy every hour of every day.

Therefore, by examining the amount of renewable energy supplied to Google’s data centers every hour, every day, CFE% is the first step in understanding the company’s carbon dioxide emissions in real time. I go.

According to Google, the next challenge is to incorporate this new data into the decisions business leaders make when choosing their next cloud region. The company began experimenting with displaying information in a cloud console and found that users exposed to the extended region selector were 19% more likely to choose a “low carbon” region for their cloud services.

“These results show that displaying carbon information as part of a decision to choose a region can help us make more sustainable decisions. ” Steren Giannini, Product Manager at Google Cloud, said:..

This new feature, in addition to another tool released earlier this year by Google, guides customers towards more environmentally friendly choices. This feature is called Google Cloud Region Picker. Automatically recommend cloud regions based on three factors Users can rate the carbon footprint, cost, and latency from “not important” to “important”.

In short, customers can define the element “carbon footprint” as “important” to see where they host their applications and reduce their environmental impact. However, the tool also takes into account other factors that are important to business leaders, such as the price of services in various areas and the physical distance between the client’s end user and the region.

For example, if you are looking for a low carbon, low cost, low latency region for end users based in the United States. Region selector We recommend that you host your app in Google’s US-West1 region in Oregon. Carbon-free energy is used on average 89% of the time in the region and the price of the service is $ 0.021811 per virtual processor hour.

Google is hoping that Region Picker will help cloud customers better understand how CFE% works and whether it can be included in their business options.

to have: Cloud Computing: Microsoft Defines New Data Storage Options for European Customers

According to an independent survey by research giants, 9 out of 10 IT executives worldwide plan to report or are currently reporting on sustainability metrics, a quarter of whom have reduced emissions in the past year. We are accelerating the project.

More than 50 Google Cloud customers have reassessed their IT assets over the past year to assess their carbon impact. For example, IT services company SADA Systems has redesigned its cloud strategy based on CFE% in different regions.

Google’s commitment to the green cloud is not unmatched. While Amazon is aiming for 100% renewable energy by 2030, Microsoft is also working on a new approach to reduce the company’s carbon dioxide emissions. For Stuart Adler, assistant professor at the Institute of Clean Energy at the University of Washington, this shows that there is good reason to be optimistic about the future of the cloud.

“If you look at an industry that can have a big impact and has the will to do it and the resources to do it, it’s a cloud business,” Adler told ZDNet. “This is the source of my optimism.”

However, a strong commitment To ensure the emergence of the green cloud market, it must be aligned with significant investments in new technologies., According to Adler. There are still many obstacles in the way, and the cloud giants need to double their innovation to achieve this goal.

Google’s New Cloud Computing Tools Help You Choose the Most Eco-Friendly Data Center

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Investing in a sustainable cryptocurrency – NuWireInvestor https://formes.asia/investing-in-a-sustainable-cryptocurrency-nuwireinvestor/ https://formes.asia/investing-in-a-sustainable-cryptocurrency-nuwireinvestor/#respond Fri, 16 Jul 2021 01:33:40 +0000 https://formes.asia/investing-in-a-sustainable-cryptocurrency-nuwireinvestor/ Over the past decade, cryptocurrency has grown from being a hobby to being the best asset class of the year, attracting large corporations and millions of independent investors to its cause. While fears of retaining fiat wealth amid the pandemic were arguably the catalysts for the recent bull run, the growing influence of blockchain technology […]]]>

Over the past decade, cryptocurrency has grown from being a hobby to being the best asset class of the year, attracting large corporations and millions of independent investors to its cause. While fears of retaining fiat wealth amid the pandemic were arguably the catalysts for the recent bull run, the growing influence of blockchain technology can also be attributed to the success of crypto. In recent months, companies like Tesla, PayPal, Visa and many others have jumped into the crypto movement, offering services that encourage consumers to transact within the ecosystem.

However, less than two months after Elon Musk announced Tesla’s new Bitcoin payment feature (expected to be adopted worldwide within the year), the multi-billionaire stepped down and took to Twitter to express concerns about the play’s impact on the environment. Bitcoin has always been at the center of the sustainability debate, sparking criticism for its massive carbon footprint due to the energy-intensive process of mining new BTC. In the wake of the scandal, BTC prices fell by $ 20,000 in two weeks, silently urging the crypto space to focus on sustainability.

How energy is wasted thanks to proof of work

Bitcoin’s battle against sustainability stems from the Proof-of-Work (PoW) consensus model, a decentralized mining process that allows the community to participate in validating transactions on the network with the incentive to earn BTC. As one of the most expensive cryptocurrencies on the market, the minefield has naturally become saturated with millions of miners, more than the network needs to operate successfully without a central administrator. There are three main problems with this model.

  1. Rather than benefiting the blockchain, a very congested network slows it down, causing transactions to take longer than usual to process. A huge backlog of transactions has resulted in higher gas or processing charges, making PoW coins slow and expensive to process. This issue negates the goal of crypto, which originally aimed to become an instant, borderless peer-to-peer transaction ecosystem for the people.
  2. The PoW only rewards a minor, even though millions of people are vying for the bulk reward. However, the only way to gain an edge in the computing process is to rely on more powerful computers, which require high end graphics cards to elevate their functions. This has caused a demand for dedicated ASIC mining rigs, which consume massive amounts of power, and a global shortage of graphics cards.
  3. The tech and power giants benefit the most from the PoW model, which favors miners with access to the resources to run powerful and power-hungry computers. As a result, while BTC mining is theoretically decentralized, most operations center around a few large companies, from coal-fired power plants to graphics card makers.

A snapshot of unsustainability

The most popular mining rig available today uses thousands of watts per hour, while the average American household consumes about 1,130 kWh per year. As a result, Bitcoin mining cumulatively consumes more energy than Ireland and many other countries. But it’s not just the excessive consumption of fossil fuels that is causing outrage.

In particular, mining rigs, which help greedy miners gain an edge over the competition, are treated as cyclical resources. As technology continues to advance at lightning speed, hardware lifespan decreases, prompting miners to get rid of and replace old platforms on the same page as smartphones. It is estimated that each year Bitcoin generates around 8.4 kilotons of electronic waste. And it’s just Bitcoin. There are many other PoW-based coins on the market, from Ethereum to Litecoin.

Rejection of large institutions

Big institutions are now taking action against unsustainable cryptocurrencies, with Bitcoin at the forefront of their concerns. For example, El Salvador recently announced its intention to adopt BTC as legal tender within a few months, subsequently asking the World Bank for help in its offer. However, the latter flatly refused, citing environmental concerns and the speculative nature of the coin as unsustainable for widespread use.

There have been discussions about how the environmental footprint of crypto mining can be reduced. The Bitcoin Energy Consumption Index, for example, estimates that if bitcoin miners used renewable energy sources like solar or wind power in their operations instead of traditional coal and other fossil fuels, they could then reduce carbon emissions by around 33%.

However, many investors are taking matters into their own hands with alternative solutions – there is now an industry-wide hunt for sustainable cryptocurrencies, even as mining is taken off the table.

Search for alternatives using Proof of Stake (PoS)

The Proof-of-Stake (PoS) consensus model is an alternative to the Proof-of-Work system. It is a process in which investors must hand a number of coins back to the system, where they would then be used to power the blockchain, allowing it to validate transactions. Depending on the PoS model, some or all of the users can be assigned to nodes, allowing a fully decentralized system to operate without the commitment of expensive, high-end technology.

Often, the creator of the next block is chosen deterministically based on their stake: the one with more pieces is selected more often than the one with a smaller stake. As such, staking pools have been created to help small investors earn rewards without a massive financial commitment. This system guarantees all players an annual reward in the form of interest, much like a traditional bank account. Recent innovations have also enabled players like crypto TPR to offer wagering rewards without ceding any coins to the system by dialing the balance into a dedicated wallet daily.

Popular PoS coins include Cardano (ADA) and Algorand (ALGO), but Ethereum (ETH) is also making a notable switch to this algorithm when upgrading the blockchain.

Environmental concerns regarding new parts

Chia recently went viral for her wildly innovative approach to traditional ‘spotting’ consensus models, combining proof of space and proof of time with a process that doesn’t use as much computational effort as Bitcoin. Instead, the miners are called farmers, who “plot” land by storing data on hard drives. A bingo-type challenge is then broadcast by the network. Farmers’ computers must find a string of data that closely resembles the broadcast hash – and the owner of the most similar numbers wins.

In theory, Chia wonderfully removes all of Bitcoin’s drawbacks from its network while introducing a new way to build consensus among investors. Unfortunately, however, the network has gotten its fair share of criticism, mainly because it has brought another sink of e-waste to the planet. In particular, Chia has been attributed to the recent global shortage of hard drives, including the coveted SSDs used in gaming computers. As having more storage space will give “farmers” a greater chance of winning, the Situation is slowly worsening to levels similar to the graphics card dilemma caused by BTC miners.

Ultimately, investors are forced to swallow another layer of unsustainability by investing in Chia, which has been dubbed a “greener Bitcoin” despite its potential to create massive material waste.

Is achieving sustainability possible?

Enthusiasts have established that cryptocurrency will be the future of finance, but first it must prove to be a sustainable enough resource for widespread adoption and long-term use. While many sustainable coins have been introduced to the market, especially PoS coins, it is also important that new players take a more sustainable approach by laying the groundwork for the underlying blockchain technology.

Innovations, from the Hedera Hashgraph network to automated staking, have quietly solved the situation. However, getting leverage on investments is a problem: Smaller cryptos don’t come with price tags as high as Bitcoin’s or a name as popular as Ethereum. As a result, the industry is not only demanding effort from developers to alleviate sustainability issues associated with cryptocurrency. Investors should also increasingly examine coins before making a purchase or joining a network.

Authors biography

Trisha Renolds graduated in Accounting and Finance from the University of New South Wales, specializing in blockchain and cryptocurrencies.

See more from Trisha: https://thetopcoins.com/author / trisha-reynolds


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Third Quarter DRAM Price Hikes May Be Smaller Than Expected https://formes.asia/third-quarter-dram-price-hikes-may-be-smaller-than-expected/ https://formes.asia/third-quarter-dram-price-hikes-may-be-smaller-than-expected/#respond Wed, 14 Jul 2021 14:01:48 +0000 https://formes.asia/third-quarter-dram-price-hikes-may-be-smaller-than-expected/ This site can earn affiliate commissions from the links on this page. Terms of use. Good news for anyone considering purchasing DRAM in the coming months. As DRAM prices skyrocketed in the second quarter of 2021 thanks to high demand and limited supply, most of the price increase would be behind us. While Trendforce expects […]]]>
This site can earn affiliate commissions from the links on this page. Terms of use.

Good news for anyone considering purchasing DRAM in the coming months. As DRAM prices skyrocketed in the second quarter of 2021 thanks to high demand and limited supply, most of the price increase would be behind us. While Trendforce expects prices to rise in Q3 2021, the jump is expected to be below normal.

Trendforce predict now DRAM contract prices will rise 3-8% in Q3, compared to 18-23% in Q2 2021. The company also believes DRAM supply will continue to grow in Q3 and Q4 of this year, which is expected to increase. limit further price increases.

While mobile demand has been aggressive, PC makers are holding a steady 8-10 week inventory. Trendforce notes that this figure is quite high and therefore believes that manufacturers will be relatively cautious in their DRAM purchases. The reason we are still seeing a global supply crisis is that the demand for server DRAM is increasing, but not enough to offset the relatively high inventory levels carried by server manufacturers as well. As a result, DRAM server prices are expected to increase 5-10% in the third quarter, according to PC DRAM estimates.

The market for mobile DRAM (it seems to mean mainly smartphones) comes in a different form. The company notes that pricing for mobile DRAM “will defy market realities and increase 5-15% in QoQ, with potential risks of high price and low demand.”

GDDR6 prices are still expected to rise 8-13% in the next quarter, according to reports in early June. Trendforce notes that the demand for GDDR6 still far exceeds supply and that 90% of DRAM graphics products have migrated to the new memory standard. Memory manufacturers should prioritize server DRAM needs first, so graphics DRAM prices will rise as well.

News of modest GPU VRAM price increases will be welcomed – or at least something close to that – provided GPU prices drop overall. The price of new GPUs has been up to 300% above MSRP in recent months. China’s crackdown on cryptocurrencies has driven demand for new GPUs down and we hope to see evidence of cheaper GPU prices in the coming weeks. An 8-13% increase in the price of VRAM is literally a small price to pay compared to the sky-high cost of new cards since last fall.

The implication of these trends, taken together, is that hardware prices should start to stabilize over the next six months. We are still in a situation where demand is likely to exceed supply, but no one is forecasting further surges in demand at this time. Chip production is slowly increasing quarter over quarter as manufacturers bring more capacity online, which will help cushion the seasonal increases in demand that normally occur in the second half of the year. Trendforce doesn’t mention DDR5 at all in its statements, but we should see the first DDR5 shipments by the end of the year. It may not have much of an impact on the total market, but it may alleviate the demand for DDR4, depending on the popularity of these systems.

Featured Image By Pete, Flickr, CC BY-SA 2.0

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Protect your business from malware in the cloud https://formes.asia/protect-your-business-from-malware-in-the-cloud/ https://formes.asia/protect-your-business-from-malware-in-the-cloud/#respond Tue, 13 Jul 2021 08:48:22 +0000 https://formes.asia/protect-your-business-from-malware-in-the-cloud/ The cloud offers a multitude of benefits to businesses. This includes making the task of security management more accessible. However, there are still many gray areas associated with the cloud and its implications for the overall security of an organization. With the widespread implementation of cloud computing in enterprises, the conversation around security management has […]]]>

The cloud offers a multitude of benefits to businesses. This includes making the task of security management more accessible. However, there are still many gray areas associated with the cloud and its implications for the overall security of an organization. With the widespread implementation of cloud computing in enterprises, the conversation around security management has become somewhat convoluted, which has only added to the difficulty of making security decisions. effective.

Despite the reduced maintenance load provided by cloud providers, the move to the cloud often blurs existing security lines within the organization, which can pave the way for poor decision-making. In addition, the term “cloud” carries with it multiple interpretations, as it is a broadly defined term that contributes to various meanings in different technological contexts and ecosystems. Everyone has their own security considerations.

In many cloud-centric environments, those at the forefront of decision-making may not be aware of the cloud, which means they may not understand the ramifications that choosing a choice could have. secure cloud solution. This is a potential disaster plan.

When organizations relied on local infrastructure for all of their data, it was necessary to consider security threats such as malware. For a local infrastructure to function effectively, organizations had to be aware of the threat posed by malware and take responsibility for protecting those systems. The move to the cloud allows organizations to shift responsibility for infrastructure maintenance to cloud providers, thereby reducing this particular area of ​​risk.

Businesses can minimize the considerable risk posed by malware by carefully considering the exact nature of the services these third-party cloud providers provide to their businesses. As we move towards a future heavily dependent on the cloud, it is up to companies to realize the importance of exercising effective cybersecurity practices and how these fit into their business models.

There are different cloud models, each with logical processes that businesses can adopt to make sure cloud malware is hijacked.

Where does your organization fit into the cloud?

The best way to start your organization’s cloud security implementation is to remotely analyze it. The right place to start might be to ask yourself, “Where exactly is my organization located in the cloud?” When assessing how dependent your business is on a cloud-based infrastructure, you are likely to encounter one of two scenarios: either your organization has moved completely to the cloud or you are using a hybrid model.

A hybrid cloud model is one where the actual computation occurs both locally and across multiple clouds so that the organization is not hosted in the cloud. In a hybrid model, traditional security concerns are still highly relevant to local technology assets and resemble the security requirements associated with on-premises server infrastructure. More often than not, businesses find themselves using the hybrid cloud model because many of the core technologies used by organizations don’t work as efficiently in the cloud.

An example scenario of the cloud transition challenge can be demonstrated with the help of a graphic design company. Computerized visual arts can be bandwidth and processing intensive. The flexibility of the cloud can easily compensate for most increased workloads; However, without proper planning, this can lead to unexpected and increased costs. It can also have security implications.

Once you have completed the step of identifying which assets have made the full transition to the cloud and which are still under the control of the organization, you will need to delve deeper into the potential cloud solutions available to you. Organizations should be careful with any assumptions about what to expect from their cloud-based solution. This could lead to expectations which could therefore lead to a higher level of risk.

To ensure the best outcome from any cloud solution your organization chooses to adopt, you should spend time discussing a few different cloud models and how you might approach your security posture to deal with a threat such as cloud malware in all of them.

How do you protect yourself against cloud malware in different cloud models?

1. The SaaS model

The most common cloud model implemented today is software as a service model (SaaS). This is a software distribution method that allows a third-party vendor to host multiple applications, distributing them to customers over the Internet. It can be safely assumed that the SaaS model is strictly dependent on the Application Service Provider (ASP), as well as on-demand compute and software delivery models.

To better demonstrate how the SaaS model works, just take a look at some of the popular streaming services. Think about how the content is delivered to you. You pay a monthly subscription to the service and then connect to all the movies and shows offered through the cloud. No matter what device you use, compute, infrastructure, storage, and platform all exist remotely in vendor environments.

Since these platforms exist in the cloud, the responsibility for security is limited to the user account and the particular device used to connect to the cloud. With this in mind, when formulating a security strategy that eradicates the cloud malware, consideration should be given to potentially infected areas, which typically consist of the end user’s device.

It’s also worth mentioning that while the SaaS solution allows data to be downloaded locally to your device, you are essentially using a hybrid model since the data now exists in the local environment. SaaS takes a ‘hands off’ approach to cloud security, which is proving to be one of its strengths.

2. The PaaS model

Unlike the SaaS model, the Platform as a Service (PaaS) model allows more control by giving the consumer responsibility for applications and data. The PaaS model is a cloud computing model in which a third-party vendor provides both hardware and software.

To understand how the PaaS model works, we can consider an offer that presents a ready-to-use environment to its users. Of course, customers can always change the apps they download as well as the data they store on those platforms. Similar to how you can buy a PC in a store, which is fully configured to download and install apps, the PaaS model allows customers a much higher level of control and customization.

While the PaaS model allows users a greater level of control than the SaaS model, it comes with its fair share of security concerns. For example, using the PaaS cloud model, your primary concern should be the data you accumulate. You should be aware of ensuring security throughout the PaaS environment.

3. The IaaS model

Like the PaaS model, the Infrastructure as a Service (IaaS) model goes even further, offering consumers an even greater level of control. IaaS is a cloud computing model that gives users control over the configuration and organization of their server, which is made up of elements such as the operating system.

Since the IaaS model gives users greater control and freedom, you will need to take on some additional security responsibilities. With the IaaS model, you are now in control of the operating system, so you need to apply patches and updates regularly. Additionally, you need to make sure that you are testing and managing vulnerabilities more aggressively than in a PaaS or SaaS model to protect yourself against the risk posed by malware in the cloud.

Final words

This is just a preliminary review of part of the security that needs to be considered with different cloud offerings. If your organization is new to its cloud adoption journey, I encourage you to read more on the Tripwire blog using the hyperlinks provided in this article. You can also refer to Tripwire Configuration Manager to learn how to handle configuration errors in the cloud: https://www.tripwire.com/products/tripwire-configuration-manager/worry-less-about-cloud-security.


About the Author: Waqas is a cybersecurity journalist and writer with a knack for writing articles on technology and online privacy. He strives to help create a secure online environment and is proficient at writing topics related to cybersecurity, AI, DevOps, cloud security and more. Waqas runs the DontSpoof.com project, which features expert opinions on online privacy and security.

Editor’s Note: The views expressed in this guest author’s article are solely those of the contributor and do not necessarily reflect those of Tripwire, Inc.


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Chinese Bitcoin Mining Machine Makers Speed ​​Up AI Chip R&D As Supervision Tightens https://formes.asia/chinese-bitcoin-mining-machine-makers-speed-%e2%80%8b%e2%80%8bup-ai-chip-rd-as-supervision-tightens/ https://formes.asia/chinese-bitcoin-mining-machine-makers-speed-%e2%80%8b%e2%80%8bup-ai-chip-rd-as-supervision-tightens/#respond Sun, 11 Jul 2021 14:41:00 +0000 https://formes.asia/chinese-bitcoin-mining-machine-makers-speed-%e2%80%8b%e2%80%8bup-ai-chip-rd-as-supervision-tightens/ Illustration: VCG Some Bitcoin mining machine makers in China are now stepping up efforts to make AI chips as part of an intensified nationwide crackdown on companies linked to cryptocurrency mining. Canaan, a leading Chinese maker of Bitcoin mining machines, announced at the 2021 World Artificial Intelligence Conference in Shanghai this weekend the release of […]]]>

Illustration: VCG

Some Bitcoin mining machine makers in China are now stepping up efforts to make AI chips as part of an intensified nationwide crackdown on companies linked to cryptocurrency mining.

Canaan, a leading Chinese maker of Bitcoin mining machines, announced at the 2021 World Artificial Intelligence Conference in Shanghai this weekend the release of the Kendryte K510, a RISC-V-based AI chip designed and developed. independently.

“The Kendryte K510 chip is the result of two years of work by our R&D team to innovate and further optimize our core chip architecture. With improved machine vision and improved programming flexibility, the Kendryte K510 can better meet mid to high-end demands. application scenarios, ”said Zhang Nangeng, president and CEO of Canaan, at the launch, according to media reports.

“In the future, we expect this chip to be a very attractive choice for developers as it enables them to deliver smarter product experiences to their users,” Zhang said.

Founded in 2013, Nasdaq-listed Canaan has described itself as a technology company focused on ASIC high-performance computer chip design, chip research and development, computer equipment production and software services.

In early June, Canaan announced a nearly 500% increase in first-quarter sales to 402.8 million yuan ($ 63.12 million), with overseas markets now accounting for 78.4% of total revenue, compared with only 4.9% in the first quarter of 2020, according to Reuters.

In addition to Canaan, the AI ​​subsidiary of Bitmain Technologies Ltd, China’s largest maker of cryptocurrency mining machines, was also present at the Global Artificial Intelligence Conference. Its products are more focused on application-specific integrated circuit chips and cloud computing.

Bitmain had suspended sales of its products in the spot market to help ease the pressure after China banned Bitcoin mining, according to a Reuters report on June 24, adding that the company is also researching power supplies. quality abroad, including the United States, Canada and Australia. , Russia, Kazakhstan and Indonesia.

The Chinese State Council has pledged to crack down on Bitcoin trading and mining in late May to address financial risks.

Many Bitcoin mines in southwest China’s Sichuan Province, one of China’s largest cryptocurrency mining bases, have been closed. Xinjiang Uyghur Autonomous Region (northwest China), Inner Mongolia Autonomous Region (northern China) and Yunnan Province (southwest China) also announced rules to curb l Bitcoin mining.


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