Proactive article15 Jan 2025 09:34
(looking forward to an FG interview today)
https://www.proactiveinvestors.co.uk/companies/news/1064341/quantum-blockchain-technologies-files-patent-application-for-ai-oracle-tech-1064341.html
Quantum Blockchain Technologies files patent application for AI Oracle tech
Published: 08:49 15 Jan 2025 GMT
Quantum Blockchain Technologies PLC - Quantum Blockchain Technologies files patent application for AI Oracle tech
Quantum Blockchain Technologies PLC (AIM:QBT) told investors it has filed a patent application for its innovative AI Oracle, a hardware solution aimed at enhancing efficiency in Bitcoin mining.
The patent, titled "Implementation of Binary Decision Trees," describes the application of the AI Oracle on ASIC chips.
The company explained that it has developed a field-programmable gate array (FPGA) version of the AI Oracle, and said its initial tests indicate that its consumes 1% to 4% of the area and energy required by a standard computational block for Bitcoin mining ASICs.
It added that the AI Oracle’s minimal overhead does not impact the performance of the chip's architecture.
Chief executive Francesco Gardin described it as an outstanding and “extremely impressive” result.
“The key requirements included in the specification of the on-chip implementation of the AI Oracle, are the limited area to be used, the low energy consumption and the processing speed,” Gardin said in a statement.
“We have determined that the AI Oracle will not affect the performance of any given SHA-256 architecture of an ASIC chip.
“All three requirements have been met by our FPGA/ASIC design team.”
He added: “While the patent application is meant to protect these innovative applications of the AI Oracle implementation, the core technology for the generation of the Oracle, i.e., parameters to build the AI Oracle generated by the Machine Learning Model C have been kept separate as these represent an asset for the company which it intends to protect as an industrial secret.”