On-Device AI Chip Company DEEPX Officially Invited to World Economic Forum

Rhea-AI Summary

DEEPX, an AI semiconductor technology company led by CEO Lokwon Kim, has become the first AI semiconductor firm invited to the World Economic Forum. This historic invitation was to the Summer Davos Forum held in Dalian, China, from June 25-27, 2024. The forum focused on themes such as the new global economy, AI entrepreneurship, and energy efficiency. Kim proposed an 'energy trading system for AI computing' to combat excessive power and carbon emissions in AI processes. DEEPX aims to advance human civilization through more energy-efficient AI technologies.

Positive

• DEEPX's historic invitation to the World Economic Forum highlights the company’s growing influence in the AI semiconductor industry.
• CEO Lokwon Kim presented innovative strategies to address AI-related energy consumption, potentially positioning DEEPX as a leader in energy-efficient AI technologies.

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• None.

DALIAN, China and SEOUL, South Korea, June 28, 2024 /PRNewswire/ -- DEEPX, a pioneering AI semiconductor technology company led by CEO Lokwon Kim, has made history as the first AI semiconductor company in the world to be invited to the World Economic Forum. This esteemed gathering of global economic leaders took place at the Summer Davos Forum in Dalian, China, from June 25-27. The 15th edition of this prestigious event centered on the theme "The Next Frontier for Growth."

This year's forum brought together influential figures from governments, international organizations, businesses, civil society, and academia. Discussions revolved around six central themes: the new global economy, China and the world, entrepreneurship in the age of artificial intelligence (AI), frontiers for new industries, human investment, and the climate-nature-energy nexus.

During the forum, DEEPX CEO Lokwon Kim met with leaders of global AI companies, governments, and international organizations. He unveiled an innovative strategy and presented solutions to address critical challenges such as excessive power consumption and carbon emissions as humanity progresses into the AI era.

Kim emphasized the importance of significantly reducing energy consumption in AI computational processing to enable seamless technology integration across economic, social, and cultural domains. He pointed out that current AI computational methods have hit an energy consumption ceiling, and energy-efficient technologies must emerge to pave the way for wider AI utilization. To this end, Kim proposed an "energy trading system for AI computing," where organizations employing energy-efficient solutions sell energy usage permits to those utilizing energy-intensive solutions. This system would incentivize improved energy efficiency and promote technological innovation by providing additional economic benefits to permit buyers.

"The advent of energy-efficient AI technology will mark a pivotal point in humanity's quest towards an AI-driven superintelligent civilization," Kim elaborated. "DEEPX's founding mission is to contribute to advancing human civilization through AI technology. By presenting and spearheading this global agenda at the World Economic Forum, we are furthering our commitment to facilitating the transition to the AI era."

Verena Kuhn, Head of Global Innovators at the World Economic Forum, expressed enthusiasm about DEEPX's participation, stating, "We are delighted to welcome DEEPX to the World Economic Forum. With its domain expertise and AI-powered innovations, DEEPX will make valuable contributions to our AI-related initiatives as a Global Innovator."

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SOURCE DEEPX

FAQ

What is the significance of DEEPX's invitation to the World Economic Forum?

DEEPX's invitation marks a milestone, making it the first AI semiconductor company to be invited, highlighting its growing industry influence.

What key themes were discussed at the Summer Davos Forum 2024?

The forum addressed the new global economy, AI entrepreneurship, new industry frontiers, human investment, and the climate-nature-energy nexus.

What strategy did DEEPX propose at the World Economic Forum?

DEEPX's CEO proposed an 'energy trading system for AI computing,' incentivizing organizations to adopt energy-efficient AI solutions.

How does DEEPX plan to reduce AI energy consumption?

DEEPX aims to reduce AI energy consumption through innovative technologies and an energy trading system to encourage efficient energy use.

When was DEEPX invited to the World Economic Forum?

DEEPX was invited to the World Economic Forum held at the Summer Davos Forum in Dalian, China, from June 25-27, 2024.