Utechpus
  • Home
  • News
  • US
  • World
  • Politics
  • Business
  • Technology
  • Opinion
  • Health
  • Sports
  • Media
Tuesday, March 2, 2021
No Result
View All Result
  • Home
  • News
  • US
  • World
  • Politics
  • Business
  • Technology
  • Opinion
  • Health
  • Sports
  • Media
No Result
View All Result
Utechpus
No Result
View All Result
Home News Bussiness

Elon Musk mentions Tesla’s ‘Dojo’ supercomputer in cryptic Dogecoin tweet

admin by admin
February 22, 2021
in Bussiness
0
Elon Musk mentions Tesla’s ‘Dojo’ supercomputer in cryptic Dogecoin tweet
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


A three-word Twitter post about Dogecoin from Elon Musk has sparked speculation about whether Tesla’s experimental supercomputer could help the meme-inspired cryptocurrency.

Crypto enthusiasts on Reddit’s Dogecoin-focused forum started connecting the dots after Musk’s cryptic Sunday afternoon tweet, which simply said, “Dojo 4 Doge.”

Redditors suggested that he was referring to the powerful “Dojo” computer Tesla is building to train its artificial intelligence networks. Musk has indicated that the first version of Dojo — which takes its name from a martial arts school — would be ready toward the end of this year.

Musk did not elaborate on what his tweet meant. But it nevertheless caused a brief spike in Dogecoin on Sunday before the price tanked Monday morning. The coin was recently trading at about 5.2 cents, down roughly 5.6 percent from a day earlier, according to CoinDesk.

While Tesla reportedly plans to use the computer in its efforts to build self-driving cars, some Reddit users claimed it could also help stabilize the budding Dogecoin market.

“Dojo runs AI algorithm that trades doge and distributes it to keep the price level stable,” wrote one user posting under the name cilly28. “AI governed currency – welcome my son… to the machine!”

“AI can verify and process transactions. AI can recognize fraud in real time. Efficiency, safety, and trust,” another user, ElonMuskadvice, wrote Monday. “Dojo is the key to making dogecoin the people’s coin.”

Elon Musk
Elon Musk
Bloomberg via Getty Images

The post was the latest example of Musk’s ability to move Dogecoin. His embrace of the alternative cryptocurrency has helped its value explode by more than 900 percent this year even though it started as a joke.

Dogecoin has apparently become a family affair for Musk — he said he and his kids set up some beefed-up home computer rigs for “mining” the currency, the process of creating new coins by solving complicated computational puzzles.

“It was fun,” Musk said in a pair of Saturday tweets, adding that he’d bought the mining rigs on eBay. “Not really economic, but it was a fun family project.”





Source link

Previous Post

How to get an online personal trainer for virtual workouts

Next Post

UK ramps up COVID vaccine goal for all adults with July target

Next Post
UK ramps up COVID vaccine goal for all adults with July target

UK ramps up COVID vaccine goal for all adults with July target

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Russell Wilson’s camp broaches trade idea with Seahawks after meeting storm out

Russell Wilson’s camp broaches trade idea with Seahawks after meeting storm out

February 25, 2021
Read the document

Read the document

February 21, 2021
André Leon Talley fights eviction from mansion he says he owns

André Leon Talley fights eviction from mansion he says he owns

February 22, 2021
JD Davis will get his Mets chance at third base

JD Davis will get his Mets chance at third base

February 25, 2021
Florida woman steals $15K diamond ring from jewelry store

Florida woman steals $15K diamond ring from jewelry store

February 26, 2021
Xavier Becerra, Health Secretary Pick, Faces Tough Confirmation Hearing

Xavier Becerra, Health Secretary Pick, Faces Tough Confirmation Hearing

February 23, 2021
Mitt Romney says Trump would win GOP nomination in 2024

Mitt Romney says Trump would win GOP nomination in 2024

February 24, 2021

Elon Musk mentions Tesla’s ‘Dojo’ supercomputer in cryptic Dogecoin tweet

February 22, 2021

Knicks, Nets fans welcomed back inside MSG, Barclays Center

February 24, 2021

Tiger Woods may struggle to walk again: experts

February 24, 2021

McKayla Maroney was hospitalized with kidney stones

February 26, 2021

DC Mayor Muriel Bowser’s sister dies of COVID-19 complications

February 26, 2021

Woman kills giraffe, cuts out its heart for Valentine’s Day

February 23, 2021

Tom Holland lured into a life of hard drugs

February 25, 2021

After Russian Cyberattack, Looking for Answers and Debating Retaliation

February 24, 2021

George Malkemus backed by fashion insiders in André Leon Talley battle

February 22, 2021
Utechpus

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories

  • Apps
  • Bussiness
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent News

How One State Managed to Actually Write Rules on Facial Recognition

How One State Managed to Actually Write Rules on Facial Recognition

February 27, 2021
Bill Maher sounds off ahead of Trumps CPAC speech

Bill Maher sounds off ahead of Trumps CPAC speech

February 27, 2021

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Entertainment
    • Gaming
    • Movie
    • Music
    • Sports
  • Lifestyle
    • Fashion
    • Food
    • Travel
    • Health
  • News
    • Bussiness
    • Politics
    • Science
    • World
  • Tech
    • Apps
    • Gadget
    • Mobile

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.