SINGAPORE, May 14, 2024 /PRNewswire/ — With a commitment to broadening the reach and usability of blockchain technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in ChainML, a Silicon Valley-based AI and ML development and research lab that recently unveiled its groundbreaking Agentic Base Layer, Theoriq.

ChainML recently raised $6.2 million during its Super Seed funding round, led by Hack VC. The funding underscores the confidence and excitement surrounding ChainML’s vision to seamlessly integrate AI into the decentralized world of blockchain and revolutionize the AI landscape. By providing a platform like Theoriq for limitless AI innovation, built on the principles of composability, extensibility, and community-driven governance, ChainML promises to offer an unmatched ecosystem for deploying sophisticated AI agents that leverage Web3 technology to ensure transparency, security, and efficiency.
Theoriq’s axioms, based on principles of social evolution and implemented with blockchain, lay the foundation for continuously improving, community-governed AI systems.
Key features include:
Agentic Primities: Fundamental elements in the ecosystem that facilitate autonomous interaction, embodying roles, behaviors, and functions that contribute directly to an agent’s capacity to operate independently within its environment.Modular Composability: Allowing developers to craft tailored AI solutions that can combine and be recombined to create sophisticated systems to evolve and adapt over time.Community Permissioned Governance: Ensuring that decision-making authority is vested in a diverse group of community stakeholders who actively contribute to and provide feedback on the quality of AI agents, ensuring that the technology aligns with collective goals and values.Edward, Managing Partner at HTX Ventures, said “ChainML’s Theoriq is an innovative platform that provides an actionable solution for AI agents to interact interchangeably, packed with more autonomy and capability. The platform paves the way for the future of AI, we are excited to be part of this journey.”
“Today marks a pivotal moment for ChainML and for the broader AI and Web3 communities,” said Ron Bodkin, Co-founder & CEO of ChainML. “With Theoriq, we’re not just launching a product—we’re spearheading a movement towards a transparent, community-governed AI ecosystem. HTX Ventures’ support will be instrumental as we unlock new potentials for AI integration within the decentralized space.”
HTX Ventures is excited to support innovative projects like ChainML, which combine AI development with blockchain to explore new synergies. Users can interact with the Theoriq testnet this summer by joining the waitlist.
Contact DetailsMichael [email protected]
Company Websitehttps://www.htx.com/en-us/ventures
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The GSMA’s Mobile Economy Eurasia 2024 report charts growing 5G activities amid digitalisation ambitions in the region
BAKU, Azerbaijan, May 14, 2024 /PRNewswire/ — 5G will account for over 40% of Eurasia’s mobile connections by 2030, according to the GSMA’s newly published Mobile Economy Eurasia Report, launched ahead of GSMA M360 Eurasia.

The event, supported by host sponsor Azercell, will welcome global connectivity leaders and policymakers tomorrow for two days of discussion, debate and networking. Further, GSMA Foundry will feature a demo pod in collaboration with partners IBM, the European Space Agency and Barcelona Supercomputing Center. Demos will showcase how industry collaboration is unlocking groundbreaking innovations, through initiatives such as the GSMA & IBM AI Challenge, the GSMA Foundry & ESA Mobility Makerspace Challenge, and the Open Gateway Challenge. Click to view the agenda.
The GSMA’s Chief Regulatory Officer, John Giusti, said: “M360 Eurasia provides a welcome forum for business leaders and policymakers to align on the issues that will help countries throughout Eurasia achieve their connectivity goals, whether it’s paving the way for 5G rollouts or exploring opportunities for AI to benefit businesses and societies in the region.” 
5G momentum growing in Eurasia
The Mobile Economy Eurasia 2024 report finds that 5G is pivotal for ongoing transformation efforts in Eurasia. As governments in the region prioritise 5G’s integration into national development plans, operators are investing in 5G to meet the growing demand for enhanced connectivity.
Other findings include:
5G will add almost $23bn to the Eurasian economy by 2030, with 5G adoption rising from less than 1% in 2023 to 41% by 2030.The mobile industry added $200bn of economic value to the Eurasian economy in 2023 – equivalent to 7.9% of GDP – and supported 770,000 jobs, highlighting the importance of mobile to the digital economy.However, there is a significant Usage Gap in Eurasia which is widest in Turkmenistan (51%) and Tajikistan (48%), compared to a global average of 37%.Operators are rallying behind the GSMA Open Gateway initiative and integrating AI to enhance customer services and optimise networks.M360 Eurasia opens the 2024 M360 series. The GSMA M360 events unify the regional mobile ecosystem to discover, deliver and develop innovation that serves as the foundation for positive business environments and societal change.
Click here to learn more.
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Bringing Its Edge AI, OT Security, and 5G Solutions to the Center Stage
TAIPEI, May 14, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, is set to participate in CommunicAsia 2024, the premier event for the ICT industry in Asia taking place in Singapore from May 29 to May 31. NEXCOM will showcase its latest Edge AI, OT Security, and 5G solutions at booth 4E3-14, Hall 4.

Discover What NEXCOM Has in Store for CommunicAsia 2024:
Edge AI Leveraging the power of AI at the edge, NEXCOM’s solutions empower organizations to process data closer to its source, reducing latency and enabling real-time insights.
OT Security NEXCOM’s OT Security solutions provide robust protection against cyber threats, ensuring the integrity, availability, and confidentiality of industrial networks and critical assets.
FWA over 5G uCPE From high-speed wireless connectivity to low-latency communication, NEXCOM’s FWA over 5G uCPE solutions offer unprecedented speed, reliability, and capacity.
In today’s interconnected world, the importance of Edge AI, OT Security, and 5G technologies cannot be overstated. Recent advancements in these technologies have compelled industries towards greater efficiency, productivity, and resilience in response to digital challenges, driving innovation and transformative change across various vertical markets.
Throughout the event, NEXCOM’s team of experts will be available to engage and demonstrate the capabilities of its solutions. Don’t miss the opportunity to discover the future of intelligent solutions with NEXCOM at CommunicAsia 2024, Hall 4, booth 4E3-14 from May 29 to May 31.
About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
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