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FEDML Nexus AI: The Next-Gen Cloud Services for LLMs and Generative AI
#THETA
October 27, 2023
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SUNNYVALE, Calif.--(BUSINESS WIRE)--Today, FEDML, a rapidly growing startup in artificial intelligence (AI), officially announced the release of FEDML Nexus AI, offering the next generation of cloud services and platform for generative AI.

“FEDML Nexus AI bridges this gap in the market and provides such capabilities to developers and enterprises.”

As large language models (LLMs) and other generative AI applications gain prominence and global GPU demand intensifies, a wave of new GPU providers and resellers has emerged. “Developers need a way to quickly and easily find and provision the best GPU resources across multiple providers, minimize costs, and launch their AI jobs without worrying about tedious environment setup and management for complex generative AI workloads. They may even want to develop privately on their own infrastructure or in a hybrid manner. No such technology exists today,” said Salman Avestimehr, the founding CEO of FEDML and the Dean's Professor and Director of the USC-Amazon Center on Trustworthy AI at USC. “FEDML Nexus AI bridges this gap in the market and provides such capabilities to developers and enterprises.”

The multi-faceted capabilities of FEDML Nexus AI are as follows:

  • GPU Marketplace for AI Development: Addressing the current dearth of compute nodes/GPUs arising due to the skyrocketing demand for AI models in enterprise applications, FEDML Nexus AI offers a massive GPU marketplace with over 18,000 compute nodes. Beyond partnering with prominent data centers and GPU providers, the FEDML GPU marketplace also welcomes individuals to join effortlessly via our "Share and Earn" interface.
  • Unified ML Job Scheduler and GPU Manager: With a simple fedml launch your_job.yaml command, developers can instantly launch AI jobs (training, deployment, federated learning) on the most cost-effective GPU resources, without the need for tedious resource provisioning, environment setup and management. FEDML Launch supports any computing-intensive job for LLMs and generative AI, including large-scale distributed training, serverless/dedicated deployment endpoints, and large-scale similarity search in vector DB. It also enables cluster management and deployment of ML jobs on-premises, private, and hybrid clouds.
  • Zero-code LLM Studio: As enterprises increasingly seek to create private, bespoke, and vertically tailored LLMs, FEDML Nexus AI Studio empowers any developer to train, fine-tune, and deploy generative AI models code-free. This Studio allows companies to seamlessly create specialized LLMs with their proprietary data in a secure and cost-effective manner.
  • Optimized MLOps and Compute Libraries for Diverse AI Jobs: Catering to advanced ML developers, FEDML Nexus AI provides powerful MLOps platforms for distributed model training, scalable model serving, and edge-based federated learning. FEDML Train offers robust distributed model training with advanced resource optimization and observability. FEDML Deploy provides MLOps for swift, auto-scaled model serving, with endpoints on decentralized cloud or on-premises. FEDML Federate extends model training and serving to edge servers and smartphones, enhancing privacy compliance and optimizing costs. For developers looking for quick solutions, FEDML Nexus AI's Job Store houses pre-packaged compute libraries for diverse AI jobs, from training to serving to federated training.

“The AI community has made significant progress in developing new paradigms and innovative models for generative AI. However, challenges in cloud computing still hinder the productionization of these new AI models and research frameworks for native AI apps. These challenges include low availability of GPUs, high cloud costs, fragmented software stack for AI, and inefficiency in development and operations. Our latest Nexus AI is a significant step forward in addressing these challenges. It utilizes FEDML Launch, an incredibly versatile cross-cloud scheduler, to coordinate various computing frameworks for training and deployment in a unified and user-friendly manner. This not only saves developers and enterprises the time and effort of finding GPU resources and dealing with fragmented multi-stage machine learning pipelines, but also simplifies complex multi-step workflows in cutting-edge directions such as LLM-based AI agents,” said Aiden Chaoyang He, co-founder and CTO of FEDML, and an Internet veteran who is former director and principal engineer in many big techs. “Our unwavering vision is to provide superior AI infrastructure for the rapidly growing AI community. We are fortunate to have climbed this mountain starting with federated learning, where we have innovated the most complex building blocks, such as schedulers, orchestrators, and distributed systems for ML. These innovations have been further leveraged to meet the general demands of model training and deployment.”

Developers and enterprises eager to leverage the capabilities of FEDML Nexus AI can sign up now at https://nexus.fedml.ai.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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