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Trends in Focus: Ben Zhou Highlights Compliance, Growth, and AI in Crypto

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DUBAI, UAE, Oct. 8, 2024 /PRNewswire/ — Ben Zhou, co-founder and CEO of Bybit, shared his candid views on crypto compliance, sensible AI deployments, and new growth drivers at TOKEN2049. Sharing the main stage with panelists from other leading exchanges, Ben addressed the growing pains of mainstreaming exchanges, and how they are adapting to meet increasing regulatory requirements at the annual premier crypto event, attended by over 30,000 participants and amplifying leading voices in the blockchain and crypto economy.

Advance Compliance: A Necessary Luxury
“Compliance is not cheap, but the penalties are more expensive. And it comes with not just monetary but also other consequences,” Ben Zhou, co-founder and CEO of Bybit remarked.
Steering the world’s second-largest cryptocurrency exchange by trading volume, Ben Zhou admitted Bybit was on the same learning curve as other major exchanges.
“We are not the first ones, and we have the opportunities to learn and adapt the business,” he said about the rapid changes in the compliance landscape, acknowledging that all exchanges including Bybit are ramping up their compliance efforts.
Only a year ago, exchanges used to place an amount limit on compliance checks; but Bybit has been taking a prudent approach of standardizing compliance and safety checks on practically transaction of any amount, after witnessing “what had happened in the industry,” he disclosed.
Compliance overhead has increased accordingly. “The operations are getting a lot heavier with a lot more manpower,” he said, adding that third-party tools such as Chainalysis have been useful in improving due diligence and KYC, adding costs but also efficiency.
At the time of writing, a team of over 50 risk experts operate Bybit’s AI-enhanced risk engine alongside a growing legal and compliance function comprising compliance officers of various specialities and in-house counsel.
Ben also took pride in crypto’s contribution to improving compliance practices and raised the bar to make it harder for rogue actors to bypass sanctions. “In our industry, we have revolutionized how compliance has been done. For instance, someone trying to access our platform from a sanctioned address would be identified within minutes and the address would be blocked. The industry is revolutionizing the old ways of doing things in compliance,” he said.  
Incorporating AI Tools and Finding Growth 
Bybit takes a “slightly different approach” to AI and recognizes the gap between the native interfaces and users’ demands.
“We don’t like to use APIs because retail users don’t understand them. Instead, we think about the user experience when they interact with exchanges: we use AI to make it a little easier with automation,” he explains.
In the fast-moving world of crypto, users seek not Wikipedia-style explanations of a newly listed token, but hard data and community feedback. Bybit uses AI as a co-pilot to produce a timely summary to break down data points and guide users doing their research to analysis, project background, and social noise. “Basically we look at which part of the process is mundane, and try to streamline it,” he said of the way Bybit deploys AI.
Ben also revealed the geography of growth as crypto continues to serve as a driver for financial inclusion. He commented on the fast-growing TON ecosystem and play-to-earn games, drawing in diverse user groups from Africa, India to parts of Eastern Europe, mapping out a new trend of onboarding users from emerging economies.
Crypto offers an engaging way to empower these communities, he said, where traditional financial infrastructure may fall short for retail users.
Themed “Exchanges at the Helm: Driving Crypto from Niche to Mainstream”, the panel was moderated by Michael Casey, Chairman of the Decentralized AI Society featuring prominent speakers including Ben Zhou at Bybit, Gracy Chen at Bitget, Vivien Lin at BingX, Sonia Shaw at Coin W and Alicia Kao at KuCoin.
#Bybit / #TheCryptoArk / #TOKEN2049
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 50 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.For media inquiries, please contact: [email protected] For more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Supermicro Introduces New Versatile System Design for AI Delivering Optimization and Flexibility at the Edge

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New 3U Server Supports up to 18 GPUs and Features Dual Intel® Xeon® 6900 series processors with P-cores
SAN JOSE, Calif., Oct. 8, 2024 /PRNewswire/ — Super Micro Computer, Inc. (SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announces the launch of a new, versatile, high-density infrastructure platform optimized for AI inferencing at the network edge. As companies seek to embrace complex large language models (LLM) in their daily operations, there is a need for new hardware capable of inferencing high volumes of data in edge locations with minimal latency. Supermicro’s innovative system combines versatility, performance, and thermal efficiency to deliver up to 10 double-width GPUs in a single system capable of running in traditional air-cooled environments.

“Owing to the system’s optimized thermal design, Supermicro can deliver all this performance in a high-density 3U 20 PCIe system with 256 cores that can be deployed in edge data centers,” said Charles Liang, president and CEO of Supermicro. “As the AI market is growing exponentially, customers need a powerful, versatile solution to inference data to run LLM-based applications on-premises, close to where the data is generated. Our new 3U Edge AI system enables them to run innovative solutions with minimal latency.”
For more information, please visit https://www.supermicro.com/en/solutions/edge-ai
The new SYS-322GB-NR includes two powerful Intel® Xeon® 6900 processors with P-cores, 8800 MT/s MRDIMM and up to 20 PCIe 5.0 expansion slots. This Supermicro system supports a variety of single or double-width GPUs, or to use some of the expansion slots for high-performance I/O or other add-on cards. Additionally, the server features up to 6TB of RDIMM memory and up to 14 E1.S or 6 U.2 NVMe drives.
One example use case that this system delivers is in the manufacturing industry, where Supermicro’s new system can be deployed on-site at an automated production environment to process data feeds from cameras and sensors without having to transfer the data to a remote location. This capability reduces networking requirements and improves response times. Another environment where the SYS-322GB-NR will excel is large-scale control rooms, where the AI accelerator cards can be partially replaced by multi-display cards to support up to 64 independent displays.
Supermicro at Mobile World Congress (MWC) Las Vegas
The SYS-322GB-NR will be on display at Supermicro’s booth #518 during MWC Las Vegas, October 8-10. Additionally, Supermicro will display systems that incorporate NVIDIA, AMD and Intel Xeon 6 processors, including X14 family edge and telco systems such as:
SYS-222HE-FTN – the Hyper-E brings data center performance to the telco edge with a dual Intel Xeon 6 processor in a 2U, short-depth form factor with front I/O access
SYS-212B-FN2T – a 2U short-depth system for AI in telco and edge deployments, featuring a single Intel Xeon 6700 series processor with E-cores and GPU support
SYS-E403-14B-FRN2T- a box PC sized, wall-mountable edge device capable of bringing the Intel Xeon 6700 series processor with E-cores and GPU support to remote environments
AS -1115S-FDWTRT – a 1U NEBS compliant system providing Telco performance for ORAN, Core and managed services. This system utilizes the AMD EPYC 8004 Series processor and support of up to 1 single-width GPU accelerator for heavy workloads.
In addition to showcasing Supermicro hardware systems, in partnership with NVIDIA, we will jointly demonstrate inferencing and AI solutions for on-premise and Edge applications including Enterprise AI, Retail, Telco Edge and Financial Services. We will demonstrate key generative AI solutions that include NVIDIA NIM, NVIDIA NeMo, NVIDIA Metropolis, remote management, security, and networking. For Telecom, Supermicro and NVIDIA will be demonstrating a live AI RAN solution using NVIDIA and Supermicro solutions showcasing performance, management and AI use cases.
Also, on display at MWC Las Vegas is the new a joint solution from Supermicro and Intel which combines the ruggedized IP65 Outdoor Edge system with a built-in AI Network Accelerator and Intel® Data Center GPU Flex 170. This solution enables fast and cost-effective deployment of multiple private 5G networks as well as Edge AI applications in a single device. The networks can be used and exploited by different users, offering a scalable solution for dense environments such as industrial and campus sites, venues and smart cities.
 About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
 
 
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Nfinite Launches SceneMagic AI, a Revolutionary Automated AI Solution for Creating Customizable, Photorealistic Product Images for E-commerce

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Solution converts basic 2D product packshots into diverse, photorealistic lifestyle images at speed and massive scaleProprietary image creation process able to reduce costs for high fidelity e-commerce visuals by over 95%SAN FRANCISCO, Oct. 8, 2024 /PRNewswire/ — Nfinite, the leader in next-generation product visualization technology for brands and retailers, today unveiled SceneMagic AI, a pioneering AI solution that enables e-commerce giants to access photorealistic product images on a massive scale.

Using a proprietary AI to generate hyper-realistic backgrounds and settings, enhancing the visual appeal of products, SceneMagic AI powers the seamless conversion of basic 2D product packshots into diverse sets of photorealistic lifestyle images that can be tailored to a brand’s unique aesthetic.
“AI is most exciting when it goes beyond being just a technological novelty and addresses real, substantial challenges,” said Alexandre de Vigan, CEO at Nfinite. SceneMagic AI offers a paradigm shift in how brands can showcase their products through tailored visuals without the exorbitant costs and time delays that are typically associated with high-quality visual productions.”
Amidst growing demands for high-quality visual content in e-commerce, a recent Coresight Research report underscores the importance of innovative imaging solutions. The report revealed that 63% of leading U.S. and European retailers are prioritizing enhancements in image quality to mitigate returns, with those adopting new CGI technologies experiencing a 20% increase in conversion rates.
With its massive scalability, SceneMagic AI allows for the swift creation of extensive high-fidelity image catalogs from minimal inputs. Its dynamic content adaptability means visuals can be rapidly updated for seasonal themes or marketing campaigns. Leveraging cutting-edge 3D technology and spatial intelligence, the solution ensures each image is not only realistic but also free from AI-generated errors, all while slashing costs by over 95%.
“With SceneMagic AI, we’re not just meeting market demands—we’re setting new standards for how retailers engage with consumers online, enhancing user experiences while driving tangible business results,” concluded Alex.
For more information on Nfinite and the SceneMagic AI solution, please visit https://www.nfinite.app/genaiAbout Nfinite
Nfinite combines the power of AI, CGI and 3D to offer a unified visual platform for the world’s largest brands and retailers. Nfinite is uniquely designed to connect brands and retailers and unlock complete, consistent and immersive product imagery at scale. The Nfinite Platform helps automate high quality visual content, making it more affordable, adaptable, and faster to create. With Nfinite, companies can deliver endless visual combinations, interactive experiences, and real-time personalized content to their customers worldwide. Visit nfinite.app for more information.
For more information, please visit – https://www.nfinite.app/ 
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Careerminds Acquires Progression To Enhance AI-Driven Career Development Solutions

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NEW YORK , Oct. 8, 2024 /PRNewswire/ — Careerminds, a leading provider of global outplacement and career development solutions, announced today the acquisition of Progression, a London-based SaaS software company. Founded in 2019, Progression has developed an advanced AI platform that enables organizations to establish career frameworks and job architectures. This innovative solution empowers employees to enhance their skill sets, supporting both upskilling and reskilling efforts to help them realize their full career potential.

“Progression joining forces with Careerminds is a perfect fit for realizing our vision of our comprehensive career-development capabilities,” says Raymond Lee, President of Careerminds. “Jonny and Neil have co-founded and built an innovative software platform that reflects our shared commitment to helping organizations provide an end-to-end, career-development solution. Together, we aim to empower individuals to identify their career potential and navigate their pathways to success. Additionally, they have effectively addressed HR’s need for a modern job architecture, incorporating career pathways with a skills taxonomy, AI-embedded tools, and actionable upskilling and reskilling plans that drive engagement and boost employee retention.”
“Careerminds’ success with their career-development coaching platform, combined with Careerminds’ global coaching capabilities, creates a powerful synergy,” said Jonny Burch, Co-Founder and CEO of Progression. “Together, we are poised to make a significant impact in the career-development space.”
About Careerminds
Careerminds was founded in 2008 as a global provider of contemporary outplacement, leadership, and career development solutions. Careerminds combines cutting-edge AI technology with personalized, one-on-one career coaching for all job levels in major markets around the world. Their modern approach allows the company to deliver industry-leading results including job seekers landing new jobs and employees looking to grow and maximize their potential within their careers. For more information, please visit https://www.careerminds.com.
About Progression
Progression, founded in 2019, is a career framework SaaS software company based in the United Kingdom. Progression’s AI powered platform empowers companies to build powerful and scalable career and skill frameworks, their employees to track their own career growth over time and managers to get unique skill-based performance insights. They work with everyone from startups to public companies, with customers with up to 2,500 employees globally. For more information, please visit https://www.progression.co.

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