INOVAI TECH participates in hosting the WebX International Forum, continuously focusing on AI industry computing power cloud services

Author: INOVAI TECH

WebX: G7 Leaders Deliver Speeches at Web3 Summit for the First Time

WebX is Asia's largest global Web3 event, taking place on Tuesday, July 25, and Wednesday, July 26, 2023, in Tokyo, Japan, aimed at promoting the development of the Web3 field. This conference marks the first time that heads of state from G7 developed countries have spoken at a Web3 conference.

WebX is hosted by CoinPost, Japan's largest cryptocurrency and Web3 media outlet. The two-day event will gather key participants, startups, companies, investors, government officials, media, and public visitors from Japan and abroad to participate in a multilingual international forum. The summit will focus on integrating AIGC and Web3 technological innovations, providing opportunities for AIGC to explore its potential and offering participants new perspectives and technologies from Web3.

The conference schedule is as follows:

13:30-13:40 Opening Remarks

13:40-14:00 Lecture: Six Major Trends in the Integration of Web3.0 and AIGC

14:00-14:20 Lecture: ByteDance - Volcano Engine Cloud Services

14:20-14:40 Lecture: The Layer3 Expansion Technology Revolution

14:40-15:00 AIGC Hackathon Outlook and Future Plans

15:00-15:20 Overview of Computing Power

15:20-16:00 Announcement of Hackathon Participants

16:00-16:30 Award Ceremony

16:30-16:40 Closing Remarks

INOVAI TECH: Providing High-Quality, Efficient, and Comprehensive Computing Power Services for AI Companies

INOVAI TECH focuses on building cloud computing services for the AI industry, dedicated to providing high-quality, efficient, and comprehensive computing power services for AI companies. In the future, it aims to innovatively create the world's first computing power futures trading center.

INOVAI TECH's goal is to build a powerful and flexible AI computing power cloud platform globally, allowing AI companies to utilize computing resources in a more economical and efficient manner. We are committed to treating computing power as a tradable and pre-purchasable resource through computing power futures, helping AI companies reduce costs, improve efficiency, and ensure stable supply of computing power.

Leveraging the most advanced network switch technology and link control technology between GPUs, INOVAI TECH has successfully built a high-performance H100 computing power cluster. This enables fast and stable data transmission, ensuring the efficiency and reliability of the cluster's operation.

INOVAI TECH is focused on providing top-tier cloud computing services for AI companies, particularly in training large language models (LLM). Additionally, INOVAI TECH offers a range of technical support services, providing comprehensive support from model architecture design to resource allocation optimization, and from model deployment to optimization.

Volcano Engine: Fully Unlocking Business Value, Helping to Build Growth Engines

Volcano Engine is the cloud service platform under ByteDance. It provides solutions for various industries, including the internet, retail, automotive finance, and cultural tourism. It builds intelligent applications through smart marketing, smart experiences and creation, smart content, smart algorithms, and smart data.

Its technology platform consists of four components: data platform, artificial intelligence platform, R&D platform, and video platform. It provides private cloud/cloud services, multi-cloud active services, and database and middleware through a cloud-native operating system, ensuring unified foundational services for computing, storage, networking, and security.

Volcano Engine promotes improvements in R&D efficiency, management quality optimization, data diversity integration, accelerated decision-making insights, and faster actions to enhance business value. Volcano Engine is committed to opening up AI capabilities to help innovate product experiences for enterprises through over 200 visual intelligence, 50+ voice intelligence, and 50+ semantic intelligence solutions.

Hu Xuanfeng, Executive Dean of the Hong Kong Blockchain Investment and Application Research Institute: Only with Web3 + AI can a New Industrial Revolution Benefit Many Ordinary People

Hu Xuanfeng, Executive Dean of the Hong Kong Blockchain Investment and Application Research Institute, attended this event. He believes that the explosion of large language models is unstoppable and accelerating, and today OpenAI is trending towards becoming the next Apple. However, the independent development of AI will inevitably create super capital, and technological monopolies will ultimately lead to significant wealth disparities. Purely developing AI will push our society step by step towards a cyberpunk future.

Hu Xuanfeng stated that only with Web3 + AI can a new industrial revolution benefit many ordinary people. The next bull market will surely be driven by the combination of Web3 + AI, which is why he proposed the concept of WAIGC and is fortunate to have found three like-minded partners: EMC platform, INOVAI TECH, and CEEX.com to form the WAIGC Development Alliance.

EMC is a highly sought-after decentralized computing power network today. Miners of all sizes on EMC can provide computing power that is genuinely usable by AI developers. This solves the problem of wasted computing power in cryptocurrency mining. This approach is highly likely to break the monopoly of large AI companies and achieve a super prosperous decentralized AI foundational computing power platform in the future.

INOVAI TECH is the largest Japanese node of Filecoin. Just a few days ago, INOVAI TECH became the largest ecological node partner of the EMC platform in Japan. Within the WAIGC alliance, INOVAI TECH serves as the foundational hardware layer, providing basic computing facilities and comprehensive solutions across Asia.

CEEX.com and EMC are building a trading settlement and delivery system for AI computing power NFTs. Today, CEEX.COM and EMC jointly released a multi-factor function formula for the global AI computing power index. The CEEX exchange not only provides a transparent and secure platform for numerous miners and users to trade computing power but also collaborates with EMC to achieve computing power delivery through RAW.

WAIGC aims not only to provide basic services for AI computing power to global users but also to realize the first bulk commodity settlement in the digital world through AI computing power NFTs. Most excitingly, this bulk commodity settlement is genuinely deliverable, with EMC being the place where the deliverable computing power can be practically utilized.