AIgatha to Obtain EUR2.5 Million Investment from European Company M.M.M. Finance Immobilier
Promising AI and blockchain technology from Taiwan ignites the next technical revolution
Recently, Swiss investment company M.M.M. Finance Immobilier has shown high interest on AIgatha’s technology and has signed up a term sheet of 2.5 million eruo dollars.
AIgatha, established in Taiwan on July 1, 2018 and located in The Center of Innovative Incubator of National Tsing Hua University, aims at innovating platform service based on blockchain and artificial intelligence (AI). The company focuses on the development of distributed computation and artificial intelligence, building these two technologies onto blockchain.
AIgatha livens idling computing power by making CPU computing nodes based on distributed computation
Previously, M.M.M. Finance Immobilier’s main business was real estate and hedge fund. In recent years, it started ICO investment. What attracts them is AIgatha’s technological development in the biological field (proteins structural analysis) and its long term experiences on AI predicting platform and distributed computation. They think that AIgatha’s AI system can be applied to the analysis of customer and exploration of potential market.
AIgatha has observed that many small and medium enterprises rely on AI companies or services like Goolge AutoML or Amazon SageMaker. AIgatha’s AI system integrates the results of multiple AI algorithms to find out the best solution, which is more sensitive and irreplaceable. Thus, with AIgatha’s AI platform, each small and medium enterprise and individual user can reduce cost by about USD2 billion every year. In addition, every user can filter the proper AI algorithms and eigenvalues of data through constant testing on this platform. Developers can also benefit by reducing about USD1.5 billion of the repetitive cost of development every year.
In the past, equipment with high computing power is necessary for traditional drug screen or proteins structural analysis. Now, with AIgatha’s distributed computation, any equipment with CPU can be integrated together as the computing nodes to resolve the problems. For energy companies, the platform can help achieve energy conversion efficiency. For traditional industries (like textile, coal, steel and chemical industries), the platform calculates the best rates of manufacturing within the least time and cost. AIgatha expects to apply their AI predicting platform in every industries.
AI prediction power allows for better decision making
On June 20, 2018, AIgatha held a technical seminar in Taipei to demonstrate on how predictions of professional baseball game are made with its AI platform. This AI platform not only has a simple interface. More importantly, it simplifies the computing process, which brings benefit not only for enterprises but also individual users because they can become an expert in prediction in a certain field and form strategies quickly to expand their business. Faced with the age of AI commercialization, not only large, but also small and medium enterprise should follow up this trend. AIgatha integrates the technology of distributed computation and AI and builds onto blockchain to preserve the security and confidentiality of enterprises, greatly reducing the cost and technical threshold of computation for users.
AIgatha’s platform is dedicated to making machine learning deep into everyone’s daily life, helping people resolve their problems even without AI companies. Given the value of the data in people’s daily lives, AIgatha believes that broader education from the government can bring the technological application of machine learning to the next level.
Kage Chong, AIgatha’s co-founder and CEO, said: “We believe one who has good idea should not be obstructed by low speed calculation of large amount of data and expensive hardware. Thus, we create a simple platform, in which everyone can develop their own business and solve problems by themselves. We believe AI should neither be just a slogan, nor a technology held by minority. We expect AI to be applicable in daily life and served to resolve multiple problems we encounter. So far, AIgatha has revealed an AI platform that can be generally used by integrating AI and distributed computation into blockchain.”