Qtum Foundation acquires and online 10,000 Nvidia GPUs to boost AI activities, such as Qtum Solstice, a communication chatbot, and Qtum Qurator, a text-to-image generation module.
Then, artificial intelligence will enter the picture for Qtum Foundation’s entry into Web3. As per Miguel Palencia, the Co-Founder of Qtum Foundation, their connection with AI will come with a three-phase game plan. They are now releasing the initial phase, the chatbot and image generator. Phases 2 and 3 will have the modeling layer, and the fourth, the decentralized economy layer, merging them all on the Qtum blockchain.
Right after the phase 1 positioning of Solstice and Qurator, the Qtum Foundation will be involved in enhancing the technology of the product supplies. The team at Qtum Foundation has honed their skills in intelligence dialogue, speech generation, image generation, and video generation.
Through these technologies, the developers at Qtum can build and offer various AI-related functions, such as keyword-based image and video generation, emotional AI voice-based conversational bots, intelligent image recognition, and AI-based filters and photo effects.
By utilizing the benefits of Qtum’s decentralized nodes, the company simplifies open-source AI modules and secures the community’s strength for building better AI items. The company intends to provide ten added AI items shortly for using the 10,000 GPUs, which will help them form associations.
Normal connectivity with Qtum AI solutions will be free. However, it is renting out large amounts of computing potential with Qtym tokens on the anvil.
According to 2023 data, the international market value of AI has reached $196.63 billion, a jump of $60 billion compared to 2022. This is due to the increasing practical applications related to AI technology. According to assumptions, the international AI space is expected to reach $1.81 trillion by 2030, with 97 million individuals employed by the AI industry by 2025. Qtum is venturing into the AI arena to continue with new-age technology.
Qtum is a blockchain platform that brings together Bitcoin’s safety features and Ethereum’s smart contract potential. It is immersed in Decentralized governance, speed, and energy effectiveness. Its governance module allows the community to deal with significant functions such as gas prices and block size via smart contracts. Its network can manage 1,100 layer transactions per second and process extra large volumes of transactions, all in a single second, by utilizing layer 1 and layer 2 services.
