QX Lab AI is attempting to take on offerings like Gemini and ChatGPT from tech giants like Google and OpenAI by integrating new functionality into its AI service. Created by three Indian founders, this AI startup recently unveiled its generative AI platform named 'AskQX'. According to the company, what differentiates this platform from its competitors is that Ask QX is 70 percent 'neurologically trained'. The UAE-based company has now revealed that it plans to add support for Web3 technology in AskQX.
Earlier this month, QX Lab AI launched Ask QX, a service capable of generating AI-based responses to prompts in over 100 languages. In the coming months, the use of this AI with crypto and the metaverse are topics the company is working on adding support for.
“We are investigating potential synergies that could deliver advanced security, privacy and decentralized control, which are fundamental to Web3. The integration of our neurologically trained AI algorithms with Web3 is currently in the exploratory stage,” said Tathagata Prakash, co-founder of QX Lab AI and chief scientist at Ask QX, in a conversation with Gadgets360.
Currently, the Web3 protocol is at risk of being violated by malicious users. Web3 players working on metaverse and crypto-related projects are paying special attention to ensuring that their projects are protected with multiple layers of security to protect their users and investors and prevent them from exiting the ecosystem for fear of losses. Prevents from.
AskQX, according to its chief scientist, is equipped with a multi-layer security strategy to make its normal use as well as its integration with Web3 as safe as possible.
“To protect against sophisticated cyber threats, we have access to state-of-the-art encryption, continuous security audits, and advanced anomaly detection systems,” Prakash said. These systems are trained to identify and neutralize potential breaches in advance.
In recent times, many companies have explored the potential of merging the metaverse and AI technologies to make the metaverse more pervasive and responsive to end users. AI can help design and personalize digital environments, enhance virtual collaboration, and maintain smart contracts to improve metaverse technology, which is rapidly gaining prominence in the global gaming industry.
While the market cap of the AI sector is projected to reach $738.80 billion by 2030, the metaverse market is projected to reach $1,303.4 billion in the next six years.
However, the increasing use of these new age technologies has given rise to many environmental concerns. Running and maintaining these operations requires massive amounts of computer power, resulting in high carbon emissions and other greenhouse gases.
Addressing these concerns, Prakash said that QX Labs AI is 'pioneering' a unique architecture designed for environmental sustainability. “Our goal is to significantly reduce the carbon footprint of our AI operations by optimizing model efficiency, leveraging cutting-edge technologies in model compression, and using energy-efficient computing,” he said.