Abstract: Wu Jihan said that the field of artificial intelligence requires a lot of calculations. For Bitland, this is a natural choice. He also predicts that AI chips can account for 40% of the income of Bitland within five years.
May 18 news, according to Cointelegraph report, China's ASIC chip maker Bitmain (Bitmain) is turning to artificial intelligence (AI) to seek alternative sources of income.
Wu Kuanghan, co-founder and CEO of Bitland, said that the field of artificial intelligence requires a lot of calculations, which is a natural choice for Bitland. 'Not us, it will be Intel, Nvidia, AMD.'
Wu Jihan also predicts that AI chips can account for 40% of Bitland’s revenue in five years. They just try to do something that they cannot control.
According to public information, in 2013, Wu Jinhan persuaded the Chinese Academy of Sciences to graduate, and his younger Jenke group, the two jointly founded the mining machine production company - Bit Continental.
After six years of development, Bitland has now become the global leader in the field of mining machinery. In an interview with the China Securities Journal, Wu Jihan said that the mining machines currently produced by Bit Continental have contributed more than 70% of the world's computing power. If Bit Continental can maintain its market share, in the coming time, there will be 3 million of the remaining 5 million Bitcoins will be produced from the mining machines produced by Bit Continental.
The Jenke Group once said in an interview with BusinessWeek that its revenue for 2017 was about US$2.5 billion. According to the China Securities Journal, the number of miners produced by Bitland, the cost of components purchased, has been increasing since 2017. Bitcoin prices are expected to have a monthly profit of up to 30 million U.S. dollars, close to 200 million yuan.
Analysts estimate that most of Bittern’s revenue comes from the sale of mining machines powered by the company’s chips. Most of the rest of the revenue is generated by mining itself, by collecting management fees from mining pools and leasing their mining sites through cloud services. Mining capabilities.
At the end of 2017, news about China's regulatory authorities shutting down the Bitcoin mine frequently spread. The Bitcoin continent, which is under pressure, has also begun to seek a transformational path - to enter the artificial intelligence field and become an AI chip manufacturing company.
In fact, Bitland has been quietly laying out the AI chip technology for many years. In November 2017, Bitland released its AI brand Sophon, and the world's first tensor acceleration computing chip (TPU) - BM1680.
Sophon's Chinese name is 'Fufeng', which represents 'counting the heavens and earth's emptiness and Fengfeng's cognitive intelligence'. It is in keeping with the ancient Chinese Yijing. It is a bit of mainland China that wants to take advantage of its leading edge in ASICs and deep learning. Domains compete with Google, Nvidia and AMD.
At present, Sophon has landed in the field of security. At the strategy conference held in January 2018, Tang Weiwei, director of Product Strategy for Bitcontinent, expressed that Bitland hopes to use artificial intelligence technology to help Xinjiang's security construction and contribute to the security of Xinjiang.
In order to enhance AI technology, Bitland is continuing to expand its artificial intelligence team. In February of this year, BusinessWeek reported that Wu Jihan and Yankee Group attached great importance to the development of AI technology in the company. In order to recruit suitable candidates, the two companies are responsible for People often personally go out and snatch talents at home. Jenker Group also told the media:
We have entered the AI market with a second-time entrepreneurial mentality. The key is to be humble enough. If you really don’t understand it, you will learn more about it. (Bit Continental) The AI chip R&D manpower has now reached 300 people, exceeding the bitcoin mining chip. R & D team size.
Bitland's 'Chip Enterprise' label has also gradually been approved. Zhang Xia, chief strategist at China Merchants Securities, once told Wall Street that 'Now Bitland is actually a chip company. The chip is a smart hardware, the basis and core of machine intelligence. '