In a major development, the Theta Network has released its latest Edge Node update, version 4.0.14, which introduces new FedML AI compute jobs designed to boost TFUEL earnings. This update is already being processed by thousands of Edge Nodes worldwide, and for Windows Edge Node users, the update has been automatically applied.
The integration of FedML into the Theta Edge Nodes allows community members to contribute their personal preferences and compute resources to train and deploy AI models for personalized content recommendations for Theta.tv viewers. This community-powered AI super cluster is set to revolutionize the user experience on Theta.tv, with the dual benefit of rewarding the node community for their contributions.
The FedML client is integrated into the Theta Edge Nodes and periodically pulls data from Theta.tv’s backend. The FedML training platform then utilizes these Edge Nodes and their data to train, fine-tune, and serve the video recommendations model. Each recommendation model is trained on 100 to a thousand samples via Edge Nodes before it is used to make user recommendations.
The potential applications of this technology are vast, extending beyond video recommendations. For instance, it could be used to improve how video ads are served, a market projected to be worth $177 billion in 2023 according to Statista. The technology could also be used to generate automated summaries or generative video content to suggest gaming strategies.
Theta and FedML, both based in Silicon Valley, are leading the way in building the next generation of MLOps with distributed AI training and serving MLOps. Theta’s Network, a next-generation layer 1 purpose-built blockchain for video and entertainment, powers Theta.tv, a decentralized live streaming platform, and Theta Drop, an NFT marketplace.
In the realm of trading, trends are showing signs of improvement, although the price is still trading below the 200-day moving average (~$0.94), which needs to be cleared to reverse trends. The price has bounced off the $0.60 support and has recovered in an Ascending Triangle pattern, with $0.85 acting as the Triangle resistance trendline. A bullish breakout above $0.85 could see the price revisit $1.00.
The Ascending Triangle is a continuation pattern, typically breaking out in the direction of the existing trend. While most traders wait for a breakout, swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
On a short-term basis, the trend is upward, neutral on a medium-term basis, and downward on a long-term basis. Momentum is bullish, with the MACD Line above the MACD Signal Line and the RSI above 55.
The nearest Support Zone is $0.70 (previous resistance), then $0.60. The nearest Resistance zone is $0.85, then $1.00. This provides a condensed context for the main topic, offering a brief but comprehensive overview of the current trading setup.
