Nvidia Company Adds Blockchain-AI Startup to its Incubator Program
Nvidia may be ready to start supporting blockchain-related startups. The graphic cards producer has been working during the last year with several companies because of the boom in crypto mining devices, including GPUs.
This time, it is working with a company known as Ubex to develop a smart marketing platform online that will be using blockchain technology and artificial intelligence (AI).
According to CoinDesk, Abhinav Agrawal, a spokesperson from Ubex, said that accepted the offer proposed by Nvidia to enter into the Inception Program. Ubex is working with blockchain technology and AI to develop a neural network that is more efficient than the current systems.
With blockchain tech, the company is seeking to underpin its service, and the key goal is to offer transparency and fast transactions.
Mr. Agrawal commented about the network that they are developing:
“Any AI needs datasets to work more effectively and to learn. Training an AI requires a lot of effort. The blockchain base will allow us to attract thousands of sources of information that will be used to enrich our AI’s database and make it faster, smarter, stronger and more efficient.”
The company has already presented a prototype of the platform and it is being tested by several individuals and developers. The Inception Program that is being promoted by Nvidia aims to provide data science and artificial intelligence startups with resources so as to finish and release to the market their revolutionary products.
The money is used for educational purposes, marketing campaigns and datasets for training the neural network at Ubex.
Moreover, the head of the Inception Program promoted by Nvidia, Arjun Dutt, said that Ubex is now part of the program. He has also explained that Blockchain was not a significant factor to be considered, but instead, it took into account the planned application of their products.
Most of the attention was related to their use of deep learning and neural networks for better advertising algorithms.