Nvidia widens its interest in Blockchain. The graphics card producer, which saw a headlines-grabbing business boost from crypto mining demand last year, is now working with a startup called Ubex to develop a smart online marketing platform that uses blockchain and artificial intelligence.
Abhinav Agrawal, a spokesperson for the startup, stated that Nvidia accepted Ubex into its Inception Program earlier this month. Ubex wants to use the technology to help a neural network – a type of computer program designed to think like a person – more efficiently present advertisements on websites. Essentially, the startup is seeking to use blockchain to underpin its service, with data stored in a distributed ledger system helping the network target ads at consumers.
Ubex co-founder and chief executive Artem Chestnov said the startup uses a blockchain in particular because its “key goal is transparency and speed of transactions.”He continued:
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.
At present, the startup has released a prototype of its platform for testing.
The Nvidia Inception Program seeks to provide data science and artificial intelligence startups with resources to finish developing and market their products, according to its website. Nvidia Inception Program head Arjun Dutt confirmed that Ubex is part of the incubation program, but said its use of blockchain “was not a significant factor in our consideration.” Rather, it’s Ubex’s planned application that caught the company’s eye.
“The main area of interest is their use of deep learning [and] neural networks for better online advertising algorithms,” he said.