The world is seeing big changes in artificial intelligence (AI) and blockchain. The NVIDIA GTC 2024 conference showed how these two are coming together. Illia Polosukhin, co-founder of NEAR Protocol, was a key speaker at this event.
NEAR Protocol is a big name in blockchain, with millions of users every day. It’s looking into how AI and blockchain can work together. Polosukhin’s talk at NVIDIA highlighted NEAR’s role in the future of money and digital economies.
Listening to Polosukhin, I felt excited about the future of AI, blockchain, and the open web. He talked about programmable money and how it could change digital economies. He also stressed the need for new ways to reward creators in the Web3 world.
NEAR Protocol at the Intersection of AI and Blockchain
NEAR Protocol is all about using artificial intelligence (AI) and blockchain together. Illia Polosukhin, its co-founder, talked about this at a “Transforming AI” panel. He explained how blockchain can change digital economies with programmable money.
Illia Polosukhin’s Insights on Programmable Money and Digital Economies
Polosukhin knows a lot about blockchain and its role in our digital world. He said NEAR Protocol uses Web3 technologies to help more people and businesses. By focusing on programmable money, NEAR aims to make digital economies better for everyone.
NEAR’s Commitment to Leveraging Web3 Technologies
NEAR Protocol has changed its focus from AI to blockchain. This shows its strong belief in blockchain’s power. Polosukhin’s talk at the “Transforming AI” panel shows NEAR’s goal to mix AI and blockchain for new ideas.
“The integration of crypto and AI on NEAR Protocol aims to accelerate adoption and unlock new use cases, focusing on decentralized compute protocols, zero-knowledge machine learning (zkML) infrastructure, and AI agents.”
NEAR Protocol is always looking to do more with AI, blockchain, and programmable money. It wants to make digital economies better for users and creators. With its big plans and new ideas, NEAR is set to change the future of Web3 technologies and digital worlds.
The Evolution of Computing Power and Generative AI
Computing power and generative AI are changing fast, like the Industrial Revolution. Jensen Huang, CEO of NVIDIA, talked about these big changes at the NVIDIA conference.
Huang said computing power is key for the next AI models. The Blackwell GPU can run real-time generative AI on huge models. It’s cheaper and uses less energy than before.
This is thanks to six new technologies. They include better chip connections and special reliability engines.
| Metric | Improvement |
|---|---|
| Cost and Energy Consumption | Up to 25% reduction |
| AI Inference Performance | 5x increase |
| AI Training Performance | 2.5x improvement |
NVIDIA’s NVLink technology now offers 1.8TB/s of data transfer per GPU. This helps speed up huge AI models. It’s set to make big changes in many fields.
Huang sees data centers becoming “AI factories.” They’ll make AI on a big scale. Tech giants are backing NVIDIA’s Blackwell platform for this new tech era.
Illia Polosukhin’s Journey from AI Research to Web3
Illia Polosukhin, co-founder of NEAR Protocol, shared his exciting journey. He moved from working on simple AI models at Google to seeing the big chance in blockchain. With a Master’s in Applied Math and Computer Science, he faced big hurdles in his early AI days, especially in handling lots of data fast.
Overcoming Challenges in Question Answering Models
At Google, Polosukhin worked on question answering models. These models aimed to give accurate answers to user questions. But, he hit roadblocks in making these models work with huge amounts of data. This experience helped him prepare for blockchain technology later on.
Recognizing the Opportunity in the Blockchain Space
After leaving Google and co-authoring “Attention Is All You Need,” Polosukhin started working on NEAR as an AI startup. He saw blockchain’s power to solve scalability and usability issues. He then co-founded NEAR Protocol in June 2017 with Alexander Skidanov. Their goal was to build a friendly and scalable blockchain.
Polosukhin’s move from AI to Web3 shows his adaptability and vision. Now, as NEAR Foundation’s CEO, he leads NEAR Protocol’s growth. He uses his knowledge of AI and blockchain to build a better digital world.
Blockchain Scalability and Usability Challenges
The blockchain world is growing fast, and we need solutions that are both scalable and easy to use. The NEAR Protocol is a next-generation blockchain that tackles these big challenges. Its co-founder, Illia Polosukhin, talks about how NEAR is making the web economy more open and accessible.
Building NEAR Protocol for a User-Friendly Open Web Economy
Polosukhin moved from AI research to blockchain, driven by the idea of programmable money. He saw the need for a blockchain that could handle lots of transactions quickly and safely. This led to the creation of NEAR Protocol, aiming to make the web economy more user-friendly.
NEAR Protocol has raised over $1.1 billion in funding, with its mainnet launching in October 2020. It uses a sharded proof-of-stake blockchain, processing 1,000 transactions per second. With a focus on making things scalable and easy to use, NEAR Protocol is set to grow the open web economy.
| Key Metrics | NEAR Protocol |
|---|---|
| Funding Raised | $1.1 billion over 15 rounds |
| Total Value Locked (TVL) | Over $284 million |
| Total Supply | 1.1 billion NEAR tokens |
| Transactions per Second | 1,000 TPS |
| Number of Validators | 215 |
NEAR Protocol is tackling blockchain’s scalability and usability issues. It’s set to be a key player in the open web economy. This will make blockchain more accessible and user-friendly for everyone.
near protocol nvidia conference
At the NEAR Protocol NVIDIA conference, Illia Polosukhin, the co-founder of NEAR, shared insights. He talked about building scalable blockchain solutions. NEAR is a leader in blockchain, with millions of users daily who might not know they’re using it.
Polosukhin said NEAR aims to give users programmable money and value. The team uses NEAR Protocol to bring AI tools. This will improve the user experience and increase adoption of scalable blockchain solutions.
The NVIDIA conference focused on AI and blockchain. Polosukhin’s presentation showed NEAR’s vision. It’s to connect AI and blockchain, making the open web economy seamless and user-friendly.
| Key Statistics | Value |
|---|---|
| NEAR Protocol NVIDIA Conference Dates | March 17 – 20, 2024 |
| GTC 2024 Highlights PDF Size | 15.7 MB |
| NVIDIA Founder and CEO | Jensen Huang |
| NVIDIA Deep Learning Institute (DLI) Offerings | Instructor-led training in AI, accelerated data science, and accelerated computing |
The team at NEAR is working on innovative solutions. They use NEAR Protocol and AI integration. This will address scalability and usability challenges in blockchain.
At the NVIDIA conference, the latest in generative AI will be showcased. NEAR’s approach to blockchain solutions will be a major topic. It will interest attendees and industry observers.
The Future of Creator Economies and Generative AI
The world of digital content creation is changing fast. The mix of creator economies and generative AI is key. Illia Polosukhin, co-founder of NEAR Protocol, talked about the need for a new copyright system. This system should fit the quick changes in creative tools and platforms.
AI tools like Midjourney and OpenAI are changing how artists work. They offer new ways to create and make work easier. But, Polosukhin said the old copyright laws can’t keep up with these new tools.
The Need for a New Copyright Framework
Polosukhin pointed out that old copyright laws were made for a different time. Back then, making content took a lot of hard work. Now, with AI, making content is faster and easier.
The panel talked about the need for a new copyright system. It should be flexible and work with the challenges and chances of AI. This could mean new ways to own, share, and make money from digital work.
“As creator economies and generative AI evolve, the old copyright system needs to change. This way, creators get fair pay, and everyone benefits from these new technologies.”
NEAR Protocol and others are working on a new copyright system. This will help creator economies and AI work together. It will open up new ways for creativity and making money.
NEAR’s Role in the AI-Enabled Creator Economy
Illia Polosukhin, co-founder of NEAR Protocol, has a big vision for the AI-enabled creator economy. He wants to use programmable money and programmable value to create a new economy. This economy will be fair for everyone.
Polosukhin says NEAR is working on letting users add their data to improve AI models. This shows how the AI economy of the future can grow with everyone’s help. With NEAR’s focus on scalability and user-friendliness, more diverse voices can succeed.
Programmable Money and Equitable Participation
At the core of NEAR’s dream is programmable money. They use blockchain to make value exchange clear and fair. This lets creators keep more of their work and earn fairly, while users can also benefit.
- NEAR Tasks, a blockchain-based AI annotation platform, lets users earn rewards for their data. This builds a collaborative AI economy.
- By using Cosmose AI’s KAI-Ching on NEAR, businesses save a lot of money. This shows how programmable money can make things more efficient.
- NEAR makes blockchain easier to use with chain abstraction. This lets more people join the AI economy.
NEAR wants to empower creators and users with programmable money and equitable participation. They aim for a future where the AI-enabled creator economy grows through teamwork, innovation, and shared success.
Bridging the Gap Between AI and Web3
NEAR Protocol is leading the way in merging AI and Web3. At NVIDIA GTC 2024, Illia Polosukhin, NEAR’s co-founder, shared a vision. He talked about a future where AI and blockchain work together for everyone.
NEAR’s Vision for a User and Creator-Centric AI Economy
Polosukhin highlighted NEAR’s dedication to users and creators. He spoke about changing copyright laws and fair pay for AI work. This way, AI’s benefits will go to those who create, not just big companies.
Polosukhin’s ideas for NEAR’s role in the AI world are timely. The AI market is growing fast, with the U.S. seeing huge growth. This shows the need for a fair AI economy.
NEAR is using Web3 and AI to change the game. It’s about making money work for everyone, not just a few. This could be the start of a new era in AI and Web3.
“NEAR’s vision for the future is one where users and creators are at the center of the AI economy, empowered by the transparency, accessibility, and equity inherent in Web3 technologies.”
As AI gets more advanced, NEAR’s role is more important than ever. It’s leading the way to a fair AI future. By connecting AI and Web3, NEAR is making a difference.
The Impact of Illia Polosukhin’s Appearance at NVIDIA GTC
The NVIDIA GTC 2024 conference was buzzing with excitement. Illia Polosukhin, co-founder of NEAR Protocol, was there. His presence reminded everyone of NEAR’s roots in AI.
Polosukhin was the only blockchain founder at NVIDIA. He talked about how NEAR combines AI and blockchain. The “Transforming AI” panel also featured the authors of “Attention is All You Need,” showing the importance of their work.
At NVIDIA GTC, Polosukhin shared his vision for the future. He talked about changing how creators are rewarded. This idea struck a chord with the NEAR community and Web3 space, as they seek new ways to support creators.
Polosukhin also discussed NEAR’s approach to AI. He talked about how users can help improve AI models. This shows NEAR’s commitment to a more inclusive AI economy, exciting many in the community.
Illia Polosukhin’s visit to NVIDIA GTC 2024 made a big impact. It solidified NEAR Protocol’s role at the intersection of blockchain, AI, and the creator economy. The NEAR community and Web3 space are looking forward to what’s next.
NEAR Token Price Surge and Upcoming Product Launch
The NEAR protocol is a top blockchain platform. Its token, NEAR, has seen a big price jump, almost doubling since March 5th. This rise is linked to the buzz around Nvidia’s annual conference, which will highlight new AI tech.
The price boost also comes from Near Tasks, an AI feature soon to be part of NEAR. This shows NEAR’s dedication to using Web3 to make a better, open economic system.
Investors are keeping an eye on NEAR, Ethereum, Pepe, and Blur, as seen in Nansen’s on-chain analytics. This interest could lead to new millionaires in the altcoin world, thanks to emerging tech and new projects.
The NEAR token’s price jump shows the market’s faith in NEAR’s goals. With AI and other advanced tech, NEAR’s future looks promising.
“The integration of AI into the NEAR platform is a game-changer, as it allows us to create a more user-friendly and accessible open economic system. We’re excited to see how the market responds to the upcoming launch of Near Tasks and our other AI-powered offerings.”
Conclusion
Illia Polosukhin, co-founder and CEO of NEAR Protocol, shared exciting ideas at the NVIDIA GTC conference. He talked about how blockchain and AI can work together. His vision for a fair AI economy caught the web3 community’s eye.
NEAR’s token price has gone up, showing investors believe in the project. The launch of NEAR Tasks, an AI-focused feature, is coming soon. This shows NEAR’s growth from its AI research roots to a leading blockchain platform.
NEAR Protocol is key in merging blockchain and AI. It helps create a fair digital economy. Illia Polosukhin’s talk at NVIDIA GTC has made NEAR and web3 more known. It’s inspiring new ideas and teamwork in this fast-changing field.