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Crypto

Injective launches perpetual futures linked to Nvidia GPU rental rates

Layer 1 blockchain platform Injective has launched a perpetual futures market that tracks Nvidia GPU rental rates. The product is designed to let traders bet on changes in AI computing costs with up to 10x leverage. The new Super Intelligence Compute Index (SICI) reflects rental rates for five Nvidia GPUs and is updated hourly based on a seven-day average. Traders can use USDC as margin and take both long and short positions.

AI & Enterprise

DoublesAI unveils CEM AI model to cut computing costs by up to 67 percent

Nvidia-backed Israeli startup DoublesAI is introducing an AI model aimed at cutting companies\' computing costs, the Wall Street Journal reported on Oct. 19. The company, founded by Mobileye co-founder and CEO Amnon Shashua (암논 샤슈아), has raised $220 million from investors including Lightspeed Venture Partners, Bessemer Venture Partners, Nvidia and Dell. DoublesAI says an early customer reduced computing costs by 67 percent. Its first product, Maxwell, is to be supplied from late October.

AI & Enterprise

Infrastructure software needed to realise sovereign AI beyond models and semiconductors

Jo Kang-won (조강원), CEO of infrastructure software firm Moreh, said developing proprietary AI models alone is not enough to complete sovereign AI. He urged Korea to advance domestic AI semiconductors so they can be used for model training as well as inference, and to secure infrastructure software capabilities to connect and operate multiple chips efficiently. He backed government efforts on foundation models and domestic AI chips, and proposed boosting domestic token demand, including through token vouchers.