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Velo is a global settlement network based on blockchain and compliance, providing individuals and businesses with fast, secure, and low-cost cross-border payments.
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first_img Storage substrate manufacturer TLB launches SOCAMM3 substrate development

Korean storage substrate manufacturer TLB has started the development of the AI server low-power memory module specification SOCAMM3 substrate with two large domestic and foreign storage manufacturers. According to industry news on the 22nd, TLB recently began negotiating design directions and manufacturing processes with two existing storage customers, with specifications yet to be determined. The storage manufacturers plan to complete the design with the substrate manufacturers before finalizing the specifications, with actual substrate mass production expected in 2028.SOCAMM will make the low-power DRAM for mobile devices into a detachable AI server module, which will be first used by NVIDIA in its own AI servers. SOCAMM2 has developed into a JEDEC standard. Currently, each NVIDIA Vera CPU is equipped with 8 SOCAMM2 based on LPDDR5X, with a maximum capacity of 1.5TB per CPU and a bandwidth of 1.2TB per second. The SOCAMM2 substrate requires five layers, and the number of layers for SOCAMM3 will increase, raising the difficulty of processes such as micro-hole processing. The applicable systems have not been disclosed, and the mass production timeline in 2028 coincides with NVIDIA's roadmap. NVIDIA announced in March this year at GTC that it will launch the Feynman GPU and the new CPU Rosa in 2028.TLB's SOCAMM2 substrate has already entered mass production earlier this year, with production volume and sales in the second quarter increasing more than three times compared to the previous quarter. The production time and unit price are both about twice that of existing module substrates. The industry expects TLB's SOCAMM substrate sales to be around 70 billion Korean won this year, and about 140 billion Korean won next year. Brokers estimate the company's overall revenue this year to be about 350 billion to 370 billion Korean won, a year-on-year increase of about 40%, and around 450 billion Korean won next year. The company will begin construction of its second factory next month in the An Phu Industrial Park in Bac Ninh Province, Vietnam, aiming for production in the fourth quarter of next year, but SOCAMM substrates will still only be produced at the headquarters in Ansan in the short term.

first_img Pump.fun Co-founder Alon: Self-developed cross-chain bridge has been launched, purchase error rate has decreased by 92%

The co-founder and Chief Operating Officer Alon of the meme coin issuance platform Pump.fun stated that the team had previously focused on launch pads for a long time and only began supporting cross-chain exchanges about 5 months ago. After investigating the cross-chain service provider Relay used at that time, he noted that over one-ninth of cross-chain purchases on Relay encountered errors, with typical purchase landing times close to 4 seconds, and one-tenth exceeding 7 seconds. The number of tokens users received was usually less than expected. He also mentioned that the social trading application FOMO still relies on Relay.Alon stated that the self-developed cross-chain bridge Pump Bridge has been opened to all Pump.fun application users. Compared to Relay, the purchase landing speed has improved by 2 times, and the error rate has decreased by 92%, dropping from over one-ninth to less than one percent. Users can obtain more tokens on average with the same amount of funds, and currently, no additional cross-chain fees are charged. He mentioned that due to the limitations of light speed and target chain confirmation time, the theoretical fastest landing time for purchases is about 1.1 seconds, and the team is still working to reduce the remaining gap.The above comparison comes from random tests conducted in the Pump.fun mobile application from September 28 to October 7, covering Robinhood, BSC, Base, Arc, and Ink, excluding Ethereum, with a total of 416,669 transaction results recorded. Among them, 383,326 transactions recorded the time taken from click to successful prompt, and an additional 35,333 transactions of completed USDC purchases under $500 were used for comparison. Alon also stated that the platform fee rate is 0.45%, with Callout rewards of at least $300,000 daily, totaling about $20 million over two months, and the platform does not retain platform fees.

first_img Aerodrome and Velodrome merged to launch the Aero spot exchange across the Seven Network

Decentralized exchange Aerodrome Finance (AERO) and Velodrome announced their official merger, launching the on-chain spot exchange Aero, deployed on seven networks: Ethereum mainnet, Base, Robinhood Chain, Ink, OP Mainnet, Arc, and Arbitrum, aiming to integrate the existing businesses of the two DEXs into a unified platform. The exchange is developed by Dromos Labs.According to a statement released on Wednesday, Aerodrome accounted for 58% of DEX trading volume on Base in the third quarter, while Velodrome accounted for 60% on OP Mainnet, with Aerodrome leading all DEXs in Bitcoin-USD trading volume during the same period. The new exchange extends this model to seven networks, which collectively handle approximately $120 billion in DEX trading each month. Alex Cutler, founder and CEO of Dromos Labs, stated that Aerodrome and Velodrome prevailed because the model is more beneficial to users, bringing Aero to the largest market on-chain, with 100% of the revenue generated returned to users staking AERO.As part of the merger, existing AERO and VELO tokens will migrate to the new AERO token, with veAERO and veVELO converting to sAERO. Aero introduces a new economic system, with the core feature Predictive Allocation allowing participants to stake AERO and direct liquidity reward budgets to markets expected to generate returns. Additionally, Aero launches Metaswaps, connecting cross-network transactions using existing on-chain liquidity; the Slipstream V3 upgrade introduces a dynamic fee mechanism that increases fees during rapid market fluctuations and captures MEV on supported Layer 2 networks.

first_img OpenAI acquires Orchestra Bio, AI entities take over drug development

OpenAI announced the acquisition of San Francisco startup Orchestra Bio, which has developed AI agents to help pharmaceutical companies track the progress of drug development projects. Orchestra's team and platform will be integrated into OpenAI's life sciences product line Rosalind, aimed at biologists and chemists, with the transaction amount undisclosed. Orchestra was founded in the fall of 2022, with seed funding from Andreessen Horowitz, Definition Capital, Insight Partners, and 8VC, raising a total of approximately $20 million.According to OpenAI, a new drug can take up to 15 years from initial conception to approval in the United States, and the cost of bringing a single approved drug to market can exceed $2.6 billion, with less than 10% of candidate drugs entering human trials ultimately reaching the market. Orchestra's AI agents can automatically monitor tasks and flag issues, analyze how setbacks like production batch failures affect the overall development project, compile relevant information, and compare response strategies, ultimately allowing scientists and project leaders to make decisions.This acquisition follows competitor Anthropic's acquisition of Coefficient Bio for approximately $400 million in April, reflecting the competition among AI labs for new drug development workflows. In April, OpenAI launched the model GPT-Rosalind specifically designed for biology and drug discovery, available only to vetted U.S. corporate clients such as Amgen and Moderna, with the accompanying product Rosalind Workbench connecting the model to research tools and data.

Ultraman introduced three paths for employees to develop safe super AI

OpenAI CEO Sam Altman introduced three proposals for the safe development of super AI to employees last week. The first is to establish a global regulatory organization similar to the International Atomic Energy Agency, to inspect advanced models and audit safety measures. Insiders say Altman leans towards this route.The second proposal emulates the European Organization for Nuclear Research, merging major AI laboratories into one organization or collaborating through a unified agency for joint development, rather than continuing to race against each other. The third and most extreme, which he referred to as the "Eliezer Plan": an AI company achieves recursive self-improvement first, and then uses overwhelming economic power to control computing power, making it impossible for other developers to catch up. Altman described this idea as "melting down all other companies' GPUs," while stating that this plan is very bad and is only meant to illustrate the extreme possibility.The idea of "melting down GPUs" comes from AI safety researcher Eliezer Yudkowsky. He proposed a thought experiment in 2021, suggesting that super AI could create self-replicating nanomachines to melt down global GPUs, stating that this is merely an extreme example to illustrate the intensity of intervention, not a proposal to be executed. OpenAI proposed the establishment of an "AI version of the International Atomic Energy Agency" in 2023, and Google DeepMind head Hassabis has also advocated for the creation of an "AI version of CERN." Currently, OpenAI, Google, and Anthropic plan to establish a joint safety standards organization by the end of this year or early next year, but there are disagreements over the responsibility for model safety testing. Altman hopes to set speed limits for AI development while stating that OpenAI cannot currently cede its competitive advantage to rivals.

first_img Amazon launched the open-source tool TorchNeuron, lowering the threshold for transitioning to self-developed chips

Financial Associated Press, October 20 - Amazon launched the open-source tool TorchNeuron on the 19th local time, aiming to lower the barrier for developers to transition from NVIDIA chips to its self-developed chips, challenging NVIDIA's software barrier built on CUDA. According to reports, this tool allows AI code written in PyTorch to run on Amazon's self-developed AI chips without the need for rewriting. PyTorch is maintained primarily by Meta and is described as an open-source framework used by most AI developers.Amazon's chip design department, Annapurna Labs, introduced that with TorchNeuron, developers only need to modify one configuration to run the same code on the self-developed Trainium chip. Amazon announced the launch of this tool on the 19th local time and plans to publicly release it in a free open-source format at the PyTorch conference in San Jose, California on the 20th.Colin Brace, Vice President of Software at Annapurna Labs, stated in an interview that the launch of TorchNeuron is intended to reduce the steps required for developers to try Amazon's self-developed chips, starting from the customers' existing workflows. He revealed that over 30 early customers are already using it, covering fields such as robotics, world models, and voice AI, and mentioned that switching to Amazon chips can save costs.

first_img Cardano founder is developing a new programming language that integrates transaction intentions with Groth16 proofs

According to CoinDesk, Cardano founder Charles Hoskinson stated that he is personally developing a new programming language for the Cardano network and collaborating with Input Output Global engineer Lucas Rosa. Lucas Rosa is a co-creator of Aiken, one of Cardano's main smart contract languages. Hoskinson posted on the X platform that this will be the first programming language to combine user transaction completion intentions with cryptographic proofs.It is reported that the language will support three tools: transaction intent, data with carry proofs, and Groth16 proofs. Transaction intent allows users to specify the goals they want to achieve, while leaving the specific steps to the application, for example, traders can request that a token be exchanged for another only when the final price meets certain conditions, without specifying the exact path.Data with carry proofs can attach cryptographic evidence to information, proving that it complies with specific rules, allowing other applications to verify without recalculating. Groth16 is a widely used proof system that can generate small-sized, fast-verifying proofs, demonstrating that conditions have been met without exposing private data.With the combination of the three, developers can build applications that coordinate transactions, check complex conditions, and pass verified information between services, ultimately verified by Cardano with a small proof. Currently, Cardano developers mainly use Haskell-based Plutus and Aiken to write smart contracts, while Input Output Global, founded by Hoskinson, has its own privacy blockchain Midnight with its language Compact. The name, public code, and release date of this new language have not yet been announced.
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