Theta Network Announces EdgeCloud Upgrade

Theta Network Announces EdgeCloud Upgrade

user avatar

by Nguyen Van Long

a year ago

Made with AI


Theta Network is making headlines with its latest EdgeCloud upgrade, which promises significant improvements in AI capabilities. However, according to the official information, this announcement comes at a tumultuous time as the company faces a fraud lawsuit, raising questions about the implications of these developments.

Introduction of NVIDIA H200 GPUs

The EdgeCloud upgrade introduces NVIDIA H200 GPUs, priced competitively with the previous H100 models, while boasting an impressive 141 GB of VRAM. This enhancement is designed to facilitate AI training and inference speeds that are 25 times faster than before, positioning Theta Network as a formidable player in the AI infrastructure space.

Support from Corporate Validators

Support from corporate validators, including

  • Sony Europe
underscores the upgrade's potential to boost capacity and efficiency for developers and businesses utilizing the Theta platform.

Legal Challenges Ahead

However, the ongoing fraud lawsuit could cast a shadow over these advancements, prompting stakeholders to weigh the benefits against the legal challenges the company is currently facing.

In a significant development, NVIDIA has acquired SchedMD to enhance its open-source HPC and AI tools, a move that contrasts with the ongoing challenges faced by Theta Network amid a fraud lawsuit. For more details, see NVIDIA's acquisition.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Crypto-Linked Companies Remain Potential Participants in Tokenization Market

Despite traditional corporations rejecting tokenization, several crypto-linked companies remain potential participants in the market.

user avatarTando Nkube

Apple and Meta Join Growing List of Companies Rejecting Tokenization Plans

Apple and Meta have recently joined a growing list of companies rejecting plans to tokenize their shares through a new venture backed by OKX and ICE.

user avatarKofi Adjeman

Retail Investors to Face Restrictions in New Crypto Market

Retail investors will face significant restrictions in the new crypto market launching on December 1, including a purchase limit of 300,000 rubles annually and mandatory risk awareness testing.

user avatarSatoshi Nakamura

Moscow Exchange to Launch Digital Asset Market on December 1

Moscow Exchange is set to launch a regulated digital asset market on December 1, allowing trading of Bitcoin, Ethereum, and Tether.

user avatarJesper Sørensen

US Sanctions Challenge Moscow Exchange's Crypto Initiative

The launch of Moscow Exchange's new digital asset market faces significant challenges due to international sanctions imposed on the exchange and its clearing subsidiary.

user avatarNguyen Van Long

US Treasury Takes Action Against MEXC Global for Illicit Transactions

The US Treasury has prohibited financial institutions from processing transfers involving MEXC Global due to alleged illicit transactions linked to sanctions evasion.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.