CertiK Shifts Asian Cloud Infrastructure to Alibaba, Highpoints from the Booming AI Investment in China
Summary:
Blockchain security firm CertiK has transitioned its cloud infrastructure in Asia to Alibaba Cloud. As part of the deal, CertiK's 12 blockchain applications will be hosted on Alibaba's platform. This move aims to offer blockchain developers a secure environment for deploying Web3 applications. This partnership builds upon previous collaborations between Alibaba Cloud and CertiK dating back to May 2023. In other developments, China's growing investment in AI is marked by four Chinese startups reaching billion-dollar valuations and Alibaba's payment arm, Alipay, launching an AI-enabled feature for early detection of baldness.
CertiK, a firm specializing in blockchain security, has made the shift to Chinese e-commerce behemoth Alibaba's cloud computing arm for its Asian cloud infrastructure. Alibaba Cloud will now house CertiK's 12-strong suite of blockchain applications and supply the necessary cloud resources to enable Web3 services. By leveraging Alibaba's secure, centralized cloud structure, CertiK strives to create a safe creative and launch platform for Web3 application developers. CertiK's Ronghui Gu, a cofounder, underscored their faith in the game-changing potential of blockchain technology and their vision of equipping developers through Alibaba Cloud's platform.
Earlier, Alibaba Cloud and Avalanche blockchain had joined forces to drive the latter's Node-as-a-Service efforts. This collaboration enabled Avalanche's developers to generate new validation nodes on the Alibaba cloud foundation. During high-traffic times, developers can also access Alibaba Cloud's extra computing, storage, and distribution capacities.
The relationship between CertiK and Alibaba Cloud has existed since May 2023 when CertiK started using its security suite on Alibaba Cloud’s Blockchain as a Service (BaaS) platform. This facilitated CertiK’s developers in executing code analyses, risk evaluations, team identity checks, and background investigations via Alibaba's cloud platform. CertiK had also expressed its intention to administer penetration testing and introduce CertiK’s Skynet, a risk-assessment tool, after incorporating its smart contract audit and primary blockchain audit service.
China has witnessed a surge in investment in AI technology alongside its blockchain and Web3 applications. In May, four AI-focused Chinese startups, including Zhipu AI, Moonshot AI, MiniMax, and 01.ai, attained a valuation exceeding $1 billion. These firms have gained the backing of domestic investors and now aim to recruit skilled individuals for AI product development.
The most recent development in AI from China is Alipay, Alibaba’s payment offshoot, featuring an early baldness detection AI service on their payment app. As per a report in the South China Morning Post, this system allows users to upload scalp images to be analyzed by an image recognition setup trained on a vast array of clinically significant images. Based on the results, users are given insights – potentially extending to seeking medical help.
Published At
7/1/2024 11:23:29 AM
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