The Hyperscale Data Center Market Investment to Hit $304.73 Bn by 2029, More than 10,249 MW Power Capacity to be Added in the Next 6 Years – Arizton 29 Oct 2024, 10:03 pm

The hyperscale data center market is experiencing significant growth, with a CAGR of 8.72% during the period of 2023-2029, according to a recent research report by Arizton. The market size in terms of investment is expected to reach $304.73 billion by 2029, up from $184.48 billion in 2023. This growth is driven by key players in the industry such as AWS, Microsoft, Google, Meta, Alibaba, Tencent, Apple, Equinix, and others.

In 2023, the U.S. hyperscale data center market saw substantial growth, fueled by factors such as increased internet usage, social media penetration, availability of free cooling and renewable energy, and the adoption of cloud-based services. Leading players like Meta, Microsoft, AWS, and Google are expanding their global presence in emerging markets across Europe and the Asia-Pacific region. North America led the investment landscape in 2023 with approximately $85.74 billion, followed by the Asia-Pacific region at $59.54 billion.

To mitigate the environmental impact of rapid data center growth, many companies are investing in clean renewable energy to power their facilities. Data center automation solutions are being used to identify maintenance requirements and prevent operational and backup power failures during outages. With big investments in hyperscale data centers expected to increase year after year, providers are focusing on setting up edge locations driven by the rollout of 5G technology.

Geographically, the Americas account for approximately 48% of the total market share in the global hyperscale data center market, with North America leading in investments. Europe ranks as the third-largest market, with Western Europe, the Nordics, and Central & Eastern Europe making significant contributions. In the Middle East and Africa, Saudi Arabia leads in investments followed by countries like South Africa, the UAE, and Israel.

Overall, the hyperscale data center market is poised for continued growth in the coming years, driven by advancements in technology and the increasing demand for cloud-based services. With key players investing heavily in expanding their global footprints, the industry is set to witness further innovation and development in the near future. The Asia-Pacific (APAC) region has emerged as the second-largest market globally for hyperscale data centers, with China leading the way by capturing around 48% of the market share. Following China, countries like Japan, Australia, India, Indonesia, Hong Kong, Malaysia, and other APAC nations contribute significantly to the growth of the market in the region.

The investment in hyperscale data centers in the APAC region is focused on various areas like IT infrastructure, electrical infrastructure, mechanical infrastructure, and general construction. The market is segmented based on different components such as server infrastructure, storage infrastructure, network infrastructure, UPS systems, generators, cooling systems, racks, and more. These segments provide a comprehensive overview of the infrastructure needed for the efficient functioning of hyperscale data centers.

In terms of cooling systems, the market is segmented into CRAC & CRAH units, chiller units, cooling towers, condensers & dry coolers, economizers & evaporative coolers, and other cooling units. The choice of cooling technique plays a crucial role in the performance and efficiency of the data center, with options like air-based and liquid-based cooling systems available.

The report also delves into the vendor landscape, highlighting key players in the IT infrastructure, support infrastructure, construction contractors & subcontractors, and data center investors categories. Companies like Cisco Systems, Dell Technologies, Hewlett Packard Enterprise (HPE), Schneider Electric, Siemens, and many others are actively involved in the development and maintenance of hyperscale data centers in the APAC region.

The research analysis in the report aims to provide valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists interested in understanding the hyperscale data center market. Key findings include the estimated market size, growth rate, power capacity, and market share held by different regions in the global hyperscale data center market.

As the demand for data storage and processing continues to rise, the APAC region is poised for significant growth in the hyperscale data center market. With a focus on expanding infrastructure and adopting advanced technologies, countries in the region are set to play a crucial role in shaping the future of data centers worldwide. The world of technology is constantly evolving, with new innovations and advancements being made every day. One area that has seen tremendous growth in recent years is artificial intelligence (AI). AI is the simulation of human intelligence processes by machines, especially computer systems. It involves the use of algorithms and data to enable machines to perform tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and language translation.

One of the key areas where AI is being used is in the field of healthcare. AI has the potential to revolutionize the way medical professionals diagnose and treat patients, leading to more accurate diagnoses, personalized treatment plans, and improved patient outcomes. AI can analyze vast amounts of medical data to identify patterns and trends that may not be readily apparent to human doctors. This can help doctors make more informed decisions about a patient’s care and treatment.

AI is also being used in medical imaging to help doctors detect and diagnose diseases such as cancer at an earlier stage. AI algorithms can analyze images from MRI, CT scans, and X-rays to identify abnormalities and flag them for further investigation. This can help doctors catch diseases early when they are more treatable, leading to better patient outcomes.

Another area where AI is making a significant impact is in drug discovery and development. AI algorithms can analyze vast amounts of data to identify potential drug candidates and predict how they will interact with the human body. This can help pharmaceutical companies streamline their drug discovery process and bring new treatments to market more quickly.

AI is also being used to improve the efficiency of healthcare systems. AI-powered chatbots and virtual assistants can help patients schedule appointments, access their medical records, and get answers to their health-related questions. This can free up time for medical professionals to focus on more complex tasks and provide better care to their patients.

While AI has the potential to revolutionize healthcare, there are also challenges that need to be addressed. One of the main concerns is the ethical implications of using AI in healthcare. There are questions about patient privacy, data security, and the potential for bias in AI algorithms. It is important for policymakers, healthcare providers, and technology companies to work together to develop regulations and guidelines to ensure that AI is used responsibly and ethically in healthcare.

Overall, AI has the potential to transform the healthcare industry and improve patient care. By harnessing the power of AI, medical professionals can make more accurate diagnoses, develop personalized treatment plans, and streamline healthcare processes. As AI continues to advance, we can expect to see even more exciting innovations in healthcare that will benefit patients around the world.

Georgia Opposition Party launches United Space, a blockchain-based democracy app ahead of elections 29 Oct 2024, 10:01 pm

The United National Movement, Georgia’s leading opposition party, recently launched United Space, an innovative identity app powered by Rarimo in preparation for the upcoming parliamentary elections on Oct. 26. This app aims to address the issue of low voter turnout in Georgia by incentivizing citizens to participate in the electoral process, regardless of their political affiliations.

According to a report on Alexa Blockchain, United Space utilizes blockchain technology to reward citizens for their engagement and aims to “digitize” the Public Service Hall if the party is elected. The app also plans to explore the concept of Universal Basic Income, with the proceeds being distributed back to the citizens.

Powered by the zero-knowledge social protocol Rarimo, the United Space app implements a liquid democracy model that allows citizens to vote anonymously through the app and receive rewards for their involvement. This app is an enhanced version of the existing Rarimo ZK proof-of-citizenship solution called Freedom Tool, which enables users to secure their identity by encrypting their national ID data on an on-chain registry.

One of the key features of United Space is its secure voting system that safeguards against privacy violations and voter manipulation. The blockchain technology ensures the integrity of the voting process and prevents external parties, including the government, from monitoring user activities within the app.

Given the current political climate in Georgia, characterized by increasing tensions and concerns about democratic backsliding, the anonymity provided by United Space is crucial for citizens. The app aims to encourage civic engagement by rewarding not only voting but also other forms of participation in public affairs.

Giorgi Vashadze, MP and leader of the United National Movement, envisions United Space as a transformative tool for strengthening democracy not only in Georgia but also globally. He believes that the app will empower citizens by providing them with unprecedented privacy, access, and ease of use in engaging with the electoral system and accessing state services.

Kitty Horlick, Director at Rarilabs, emphasized that United Space makes citizens direct stakeholders in the democratic process, state assets, and public services. By integrating this app into the WordPress platform, users can seamlessly engage with the app’s features and contribute to a more inclusive and participatory democratic system.

In conclusion, United Space represents a significant step towards enhancing democratic participation and transparency in Georgia. With its innovative features and commitment to citizen empowerment, this app has the potential to revolutionize the electoral process and strengthen democratic institutions in the country.

Blockdaemon Forecasts Clarity by 2025 29 Oct 2024, 9:03 pm

Blockdaemon, a leading blockchain infrastructure provider, has made bold predictions about the future of crypto regulation in the United States. According to Sam Kim, Head of Legal & Compliance at Blockdaemon, significant progress is expected in the US crypto regulatory environment by 2025. Kim also anticipates bipartisan support for the Senate passage of the FIT21 bill, with eventual signing by the incoming president.

In a recent report released by Blockdaemon, two key regulatory policies are highlighted: the Staff Accounting Bulletin No. 121 (SAB 121) and the 21st Century Financial Innovation and Technology Act (FIT21). While the FIT21 Act has already been passed by the House in May 2024, efforts are now focused on repealing SAB 121. The FIT21 Act aims to establish clear guidelines for digital asset regulation, including defining SEC and CFTC jurisdiction, asset classification, and custody rules for financial institutions.

The impact of the upcoming presidential election on crypto regulations is also a key focus of Blockdaemon’s report. Regardless of whether Donald Trump or Kamala Harris is elected, the report suggests that 2025 will bring greater regulatory clarity for digital assets. However, achieving congressional agreement on a regulatory strategy remains a challenge, with differing opinions among members on the necessity of a regulatory framework.

Blockdaemon’s blog post emphasizes the ongoing efforts to repeal SAB 121, a move that the platform deems necessary for the industry. While President Joe Biden previously vetoed a proposal to repeal SAB 121, congressional efforts in this direction are viewed positively. The report also underscores the role of FIT21 in repealing SAB 121, as it classifies digital assets and outlines regulatory roles and responsibilities, paving the way for financial institutions to safely custody digital assets.

In conclusion, the future of crypto regulation in the US looks promising, with potential advancements on the horizon. By staying informed and engaged with regulatory developments, industry participants can navigate the evolving landscape with confidence.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. Readers are advised to exercise caution and conduct their own research before making any investment decisions.

Will Dogecoin (DOGE) Hit $0.22? Insights from Market Sentiment 29 Oct 2024, 8:38 pm

Dogecoin (DOGE) has experienced a remarkable price increase of over 70% in October 2024, propelling it to a critical resistance level. This sudden surge has sparked concerns about a potential price correction or consolidation that could temporarily halt DOGE’s upward momentum.

Technical analysis indicates that DOGE is currently positioned in a bullish trend, but it is facing a formidable resistance level at $0.18. Since March 2024, the meme coin has encountered this resistance multiple times, leading to selling pressure and price reversals. The current scenario suggests that DOGE must surpass this resistance level and close a daily candle above $0.18 to continue its upward trajectory.

If DOGE manages to breach the $0.18 resistance level, there is a strong possibility of a 25% surge towards the $0.22 mark in the near future. However, there is also a chance of a price correction as the meme coin has witnessed a substantial rally without any significant pullback.

On-chain metrics further bolster DOGE’s bullish outlook, with a Long/Short ratio of 1.09 indicating robust positive sentiment in the market. The open interest for DOGE has also surged by 14.1%, signaling increased participation from traders and investors amidst the prevailing bullish sentiment.

The combination of bullish on-chain metrics and technical analysis suggests that bulls are currently in control of DOGE’s price action and could potentially support its upward trajectory. At present, DOGE is trading around $0.174, with a price surge of over 10% in the last 24 hours. The trading volume has also spiked by 29%, indicating growing interest from both investors and traders in the meme coin.

In conclusion, while DOGE faces a crucial resistance level at $0.18, the overall market sentiment remains positive, backed by strong on-chain metrics and technical analysis. Whether DOGE can break through this resistance barrier and continue its upward rally remains to be seen, but the current indicators suggest a favorable outlook for the meme coin in the near future.

Enterprises Need DePIN More Than DePIN Needs Enterprises 29 Oct 2024, 8:27 pm

The Rise of Community-Driven Wireless Networks and Decentralized Storage

Helium network, which launched its mainnet in 2020, is a notable early example of a community-driven wireless network that rewarded its citizen-network-suppliers significantly while reducing costs and increasing accessibility for users (in certain geographies anyway). Its Helium Mobile offering, while still augmented by TMobile, continues gaining traction and was recently cited to have 335,000 subscribers. Many are also familiar with early decentralized storage networks such as Filecoin, Storj, and Arweave, which are becoming more essential to the advancement of AI due to their scalability, cost efficiency, and decentralization.

These innovative networks are revolutionizing the way we think about connectivity and data storage. By leveraging the power of community-driven networks, companies like Helium are able to create a more efficient and cost-effective solution for users. The Helium Mobile offering, in particular, has seen significant growth in recent months, indicating a strong demand for decentralized wireless services.

On the other hand, decentralized storage networks like Filecoin, Storj, and Arweave are providing a secure and scalable solution for storing data. With the rise of AI technologies, the need for efficient and decentralized storage solutions has never been greater. These networks offer a cost-effective alternative to traditional cloud storage providers, making them an attractive option for businesses and individuals alike.

Overall, the rise of community-driven wireless networks and decentralized storage solutions is reshaping the way we interact with technology. By harnessing the power of decentralized networks, we are able to create a more accessible, efficient, and secure digital ecosystem for all users.

Ransomware Payments Fall by 40% in 2022 29 Oct 2024, 7:29 pm

Ransomware payments have seen a significant decline in 2022 compared to the previous years, according to a recent report by Chainalysis. The blockchain analysis firm revealed that ransomware attackers managed to extort $456.8 million from victims in 2022, a notable drop from $765.6 million in 2021 and $765 million in 2020.

While the actual figures may be higher due to undetected cryptocurrency addresses controlled by ransomware attackers, the trend of decreasing ransomware payments is evident. Jackie Koven, the head of cyber threat intelligence at Chainalysis, expressed surprise and optimism about this development, stating that the company hopes to see this trend continue in 2023.

One of the primary reasons for this decrease in ransomware payments is the growing reluctance of victim organizations to comply with extortion demands. This shift in behavior can be attributed to various factors, including heightened government pressure and the implications of paying ransomware demands. With many ransomware gangs linked to state actors, such as Conti’s association with the Russian government, organizations are increasingly wary of the risks involved in making payments.

Furthermore, governments have taken steps to discourage ransom payments by issuing advisories and warning organizations about the legal consequences of engaging with cyber actors operating under economic sanctions. The role of cyber insurance has also played a significant role in deterring ransom payments, as insurers are becoming stricter in their coverage policies and demanding improved cybersecurity measures from their clients.

Despite the decrease in ransomware payments, cybercriminals are adapting their tactics to evade law enforcement scrutiny. The report highlighted a surge in unique ransomware strains in operation in 2022, with threat actors frequently rebranding their activities to obfuscate their operations. Additionally, there has been a shift towards exfiltration-based extortion strategies, where data is stolen from victims’ systems without encryption, in an attempt to coerce organizations into paying the ransom.

The report also noted the thriving ransomware-as-a-service (RaaS) model, where developers provide malware to administrators in exchange for a share of the profits. This model allows affiliates to carry out attacks on behalf of multiple ransomware strains, contributing to the persistence of ransomware attacks in 2023.

Overall, the evolving landscape of ransomware attacks underscores the importance of cybersecurity preparedness, stricter insurance policies, and collaborative efforts to combat cyber threats. While ransomware payments have declined, the underground economy fueling these attacks continues to thrive, indicating the need for ongoing vigilance and proactive measures to mitigate cyber risks.

Coinbase CEO Brian Armstrong Says SEC Should Issue Apology to American People – Here’s Why 29 Oct 2024, 6:42 pm

Coinbase CEO Brian Armstrong is calling for the U.S. Securities and Exchange Commission (SEC) to issue an apology to all Americans for the damage caused by their approach to regulating digital assets. Armstrong took to social media to express his frustration with the SEC’s handling of the crypto industry, stating that the lack of regulatory clarity has hindered growth and compliance efforts.

In a bold statement, Armstrong suggested that the next SEC chair should withdraw all frivolous cases and issue a formal apology to the American people. He believes that this action would be a step towards restoring trust in the SEC as an institution, although it may not fully undo the harm already done.

Armstrong shared a chart highlighting alleged conflicting statements made by the SEC, particularly under the leadership of current chair Gary Gensler. The chart showcases discrepancies in the SEC’s stance on digital assets, including whether Bitcoin is considered a security and the clarity of existing laws governing cryptocurrencies.

Critics of the SEC have accused the agency of enforcing regulations without clear guidelines and potentially violating the Administrative Procedure Act. The SEC recently filed a lawsuit against Coinbase, alleging that the exchange conducted unregistered sales of securities.

Despite the regulatory challenges, Armstrong remains focused on expanding Coinbase’s services to become customers’ primary financial accounts. He emphasized the potential for features like wire transfers and bank transfers, positioning Coinbase as a comprehensive financial platform for users.

As the crypto industry continues to navigate regulatory hurdles, Armstrong’s plea for an apology from the SEC underscores the ongoing tensions between regulators and innovators in the digital asset space. The call for greater clarity and cooperation between regulators and industry players remains a crucial step towards fostering a more conducive environment for crypto innovation and adoption.

Binance Launches New Crypto Exchange-Based Platform for Wealth Managers and High Net Worth Clients 29 Oct 2024, 6:01 pm

Binance, the leading cryptocurrency exchange by trading volume, has announced the launch of a new platform specifically designed for high-net-worth clients. The platform, called “Binance Wealth,” aims to cater to the needs of wealth managers and their clients, providing them with a tailored investment experience in the world of digital assets.

According to a recent press release, Binance Wealth will allow wealth managers to oversee the onboarding process of their clients and make investment recommendations. This will enable clients to receive strong support throughout the onboarding process and beyond, while still retaining full discretionary control over their investments, similar to traditional wealth management services.

The platform will offer enhanced security and compliance measures, as well as a customized trading experience for high-net-worth clients. In addition, users of Binance Wealth can expect to benefit from an expanded global reach, VIP-level support, and access to dedicated account managers.

Catherine Chen, Head of Binance VIP & Institutional, expressed the importance of providing wealth managers and their clients with easier access to the world of cryptocurrencies. She stated, “As investors worldwide recognize the potential of digital assets, we are responding to wealth managers and their clients asking for a solution to more easily access crypto. Binance Wealth will reduce the entry barrier for more market participants to access this new asset class and help bridge crypto and traditional finance.”

Overall, Binance Wealth aims to bridge the gap between traditional wealth management and the burgeoning world of cryptocurrencies, providing a seamless and user-friendly platform for high-net-worth individuals to diversify their investment portfolios. With its focus on security, compliance, and personalized support, Binance Wealth is set to revolutionize the way wealth managers navigate the world of digital assets.

To stay updated on the latest developments in the world of cryptocurrencies, be sure to subscribe to receive email alerts directly to your inbox. Follow us on Twitter, Facebook, and Telegram for more insights and updates. Don’t miss out on the opportunity to explore the exciting world of digital assets with Binance Wealth.

Optimism Foundation offered 25M OP tokens to attract Kraken’s L2 to the Superchain 29 Oct 2024, 4:24 pm

Optimism Foundation and Kraken recently finalized a $25 million deal to introduce Kraken’s new layer-2 (L2) blockchain, Ink, to the Superchain ecosystem. This collaboration, valued at $43 million based on OP’s current price of $1.72, aims to enhance the decentralized exchange landscape.

The grant provided by Optimism Foundation’s chief growth officer, Ryan Wyatt, is structured to support Kraken’s protocol engineering and incentivize the achievement of major transaction milestones. The 25 million OP tokens allocated for this purpose are divided into two segments: five million tokens will contribute to engineering efforts specific to the OP Stack, while the remaining 20 million tokens are earmarked for reaching transaction benchmarks that generate significant fees for the OP Collective.

Wyatt emphasized that the 20 million tokens will be distributed as substantial transaction milestones are met, driving fees to the Optimism Collective and ensuring a positive return on investment. This opportunity was also extended to other crypto firms utilizing Optimism’s infrastructure, such as Coinbase’s L2 blockchain Base.

The foundation stressed that the grant goes beyond deployment costs, with Kraken committing to protocol engineering, interoperability, Superchain ERC-20 standards, and broader ecosystem goals. Wyatt highlighted the deep integration efforts that Kraken will undertake to strengthen the OP Stack’s presence in the DeFi sector.

Furthermore, Kraken’s announcement of its Ethereum L2 network on Oct. 24 underscores its commitment to developing a general-use network like Base. The Superchain was chosen to fulfill Ink’s vision of being an interoperable blockchain while leveraging Ethereum’s underlying security as a layer-1 blockchain.

Base, the first layer-2 blockchain deployed on Superchain by a centralized exchange, has experienced significant success, surpassing $2 billion in total value locked (TVL) and currently standing at $2.7 billion. This achievement solidifies Base as the largest Ethereum L2 network by TVL, as reported by DefiLlama data.

In conclusion, the collaboration between Optimism Foundation and Kraken represents a significant step towards advancing the capabilities of decentralized exchanges and promoting blockchain interoperability. The transparency and commitment demonstrated by both parties set a positive precedent for future developments within the DeFi ecosystem.

Christopher White A Pioneer in Promoting AI Development in Asia 29 Oct 2024, 4:02 pm

Christopher White is a prominent figure in the realm of artificial intelligence, with a strong focus on advancing AI technologies in Asia. As the president of the Global AI Development Alliance, White plays a pivotal role in fostering collaboration and innovation within the region.

White’s vision revolves around harnessing the power of AI to drive economic growth and societal progress in Asia. He firmly believes that the region, with its abundance of talented individuals and technological resources, is poised for significant advancements in AI. “Asia boasts some of the most brilliant minds in technology. By coming together, we can create revolutionary solutions that address local challenges and contribute to global advancement,” he remarked.

Under White’s guidance, the Global AI Development Alliance has launched numerous programs aimed at enhancing AI education and facilitating research partnerships. These initiatives not only aim to cultivate a thriving ecosystem for AI innovation but also strive to ensure that the benefits of AI technologies are accessible across various sectors.

One of White’s noteworthy contributions is his emphasis on the ethical considerations surrounding AI. He advocates for responsible AI development that prioritizes transparency, fairness, and inclusivity. “As we push the boundaries of technology, it is imperative to consider the ethical dimensions of our work. AI should empower individuals and communities, not exacerbate inequalities,” he stressed.

In addition to his leadership role, White actively engages in conferences and forums where he shares his insights on the future of AI in Asia. His endeavors have sparked dialogues on the importance of collaboration among governments, academia, and industry to cultivate a conducive environment for AI growth.

Looking ahead, White remains optimistic about the prospects of AI in Asia. He envisions a landscape where AI technologies can revolutionize healthcare, education, agriculture, and various other sectors, ultimately enhancing the quality of life for millions. “The journey of AI development is just commencing. Together, we can unlock its full potential and build a brighter future for all,” he concluded.

Christopher White’s dedication to advancing AI in Asia positions him as a crucial influencer in shaping the region’s technological landscape. Through his vision and leadership, he is paving the way for a future where AI drives innovation, growth, and equality.

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