THELOGICALINDIAN - The Chinese behemothic will apparatus SingularityNET AI technology
Singularity Studio, the for-profit aftereffect of the SingularityNET project, a decentralized AI casework marketplace, has active a “Strategic Cooperation Memorandum” with PICC Financial Services, a Fintech-focused accessory of the state-owned People’s Insurance Company of China.
The affiliation was active to advance AI and blockchain-based fintech solutions, with PICC FS delineating a abundant plan for the deployment of AI services, allotment of a absolute action of internationalization of PICC’s fintech operation.
Singularity will additionally accommodate abutment to the affiliation amid PICC Financial Services and the Plug & Play Tech centermost in China, in adjustment to accessible a Beijing-based accelerator that will advance analysis initiatives, date training programs and authority events.
PICC FS is additionally accepted to assignment with the SingularityNET-affiliated AGI Society to advance the development of Artificial General Intelligence (AGI) apprenticeship and analysis in China.
Gu Wei, CEO of PICC Financial Services, declared that the allowance industry is already acquainted with AI and blockchain tech. “Currently we arrange AI and blockchain solutions beyond a ambit of artefact curve and services,” noted Wei. “This Strategic Partnership accelerates our AI development affairs and provides a belvedere for all-around expansion.”
Specifically, the affiliation will focus on AI uses inherent to the allowance industry, such as AI-enabled marketing, linguistic and articulation recognition, acute appraisal and adjustment of claims, and the use of the blockchain to administer the accumulation alternation and analyze fraud.
SingularityNET is a Netherlands-based activity that aims to added AI development and implementation, alms a decentralized exchange for AI casework and training data, powered by the proprietary AGI token. It has anchored several high-profile partnerships, such as Domino’s Pizza and China’s Ping An allowance company.
This follows a year of delays
Bakkt has assuredly been accustomed the blooming ablaze to barrage afterwards the New York State Department of Financial Services (NYDFS) assuredly accustomed the platform’s careful solution. Custody and physically delivered Bitcoin futures will barrage on September 23.
According to an official blog post today, the NYDFS accustomed Bakkt’s careful solution, Bakkt Warehouse, and is now certified to aegis agenda assets.
This follows a alternation of delays, which has apparent the barrage of Bakkt adjourned by added than a year. Bakkt is advised to baby for institutional interests with a fully-regulated and defended cryptocurrency derivatives belvedere that they currently accept are “underserved“.
Bakkt’s ancestor company, the Intercontinental Exchange (ICE), started testing physically delivered futures aback in July. Having already been accustomed by the CFTC, today’s NYDFS approval was the final affair the aggregation bare to absolutely launch.
“Our affairs accept already accustomed the blooming ablaze from the CFTC through the self-certification action and user accepting testing has begun,” wrote Bakkt CEO Kelly Loeffler. “With approval by the New York State Department of Financial Services to actualize Bakkt Trust Company, a able custodian, the Bakkt Warehouse will aegis bitcoin for physically delivered futures.”
As Crypto Briefing previously reported, there will be two types of futures contracts: a circadian adjustment arrangement acceptance traders to bet on intra-day fluctuations as able-bodied as account contracts.
