1. Meta Builds World’s Largest AI Supercomputer
Meta released an AI Supercomputer last week powered by. more than 6,000 Nvidia A100 datacenter graphic processing units (GPUs). Facebook previously, Meta now is training 30,000 models daily on its current AI fleet. The result could be a 20x more efficient AI clusters to identify harmful content, power advanced robotics, and enable real-time video translations.
Singular’s Take: NVIDIA’s GPU is the cream of the crop when it comes to AI R&D and Meta seems to be poised to overtake Microsoft Azure and Open AI with the current GPT-3.
2.) Hope, Cope or Nope
Picking Apart Crypto Market Sentiment
It’s been a rough couple of months for most crypto HODLRs. Bitcoin and Ethereum have been dropping dramatically since November, and most alt-coins have followed suit, leading to a great flowering of pink wojaks on social media, among other things.
This week, we are taking a look at Lexikat’s sentiment analysis and AI models to predict crypto prices. The big question everyone has been asking this week has been whether or not we have finally reached the bottom of the market. Since the beginning of the drop, chirpy articles by “experts” announcing that it is now time to buy the dip have been a weekly – if not daily – occurrence, but each brief rally has been followed by an even bigger drop. So much for individual opinions, but what does the aggregate data say?
Both BTC and ETH sentiment has been extremely volatile throughout January – as you might expect. On the whole, however, ETH sentiment is more buoyant. It also correctly anticipated the price drop that occurred on the 20th, as well as the slight recovery on the 23rd, which BTC sentiment failed to do. A quick glance at the respective sentiment/price graphs gives a distinct impression that BTC sentiment is currently a lagging indicator, while ETH is a leading one.
Singular’s Take: We were never big fans of day trading, but if ETH average sentiment remains in positive territory, that’s likely a good sign of long-term faith in the currency on the part of buyers, and an optimism-driven recovery over the coming months.
3. DeFi Gateway Everyone is Talking About
In this month's DeFi vault analysis with HonestYields, we analyze the Yearn Curve stETH vault that generates yield using the steCRV token. steCRV is an interest-bearing token that represents a claim on Curve's stETH/ETH liquidity pool.
What is Yearn.Finance?
Yearn.Finance is a community-driven robo-adviser for yield (and it is), but it is still notoriously complex for the DeFi Noob. On the front page, you will find vaults, earn, Zap, APR and Cover and wonder where to start, HonestYields’ cuts through the noise by providing a primer on Ethereum 2.0 and Lido. Read the full report here.
Singular’s Take: The Yearn Finance team said its total value locked (TVL) on the Fantom blockchain has surged by more than 56% last week on Fantom surpassing $1 billion. The basic fact is that if you want DeFi, and believe in DeFi, then you need to start learning about DeFi.
Until next time,
Remember,
It’s Never Too Late to Be Early.