Global Integrity Finance Appoints Sukumar Reddy Saddi as Chief Technology Officer Sukumar Reddy to lead company’s industry-changing loan origination platform Sukumar Reddy Saddi Chief Technology Officer, Global Integrity Finance (Photo: Business Wire) Sukumar Reddy Saddi Chief Technology Officer, Global Integrity Finance (Photo: Business Wire) October 15, 2021 10:22 AM Eastern Daylight Time MCKINNEY, Texas--( BUSINESS WIRE )-- Global Integrity Finance , a national private equity lender specializing in residential real estate investments, has appointed Sukumar Reddy Saddi as the Chief Technology Oﬃcer. In his new role, Sukumar will be responsible for leading Global Integrity Finance's technological initiatives. "I envisioned creating a bigger, better, and simpler platform for our clients to utilize in pricing loans, getting approvals, uploading data, and funding quicker," said Toby Potter, Global Integrity Finance CEO. "Sukumar is a unique individual that understands the vision, the tools, and resources that are required but also expands upon it. His insight showed us that we had no idea of what was needed to create and accomplish the complete vision." Sukumar will be responsible for leading the Company's end-to-end information technology strategy and development of Financial Applications. Sukumar brings to the executive team over 10 + years of experience in leading engineering, product management, and design teams for global technology companies. "It's an exciting time to join Global Integrity Finance. I look forward to working closely with Toby, Travis, and the team," said Sukumar Reddy Saddi. "As the company continues to innovate, expand, and change the game in Loan Origination Process and Developing AI & ML models benefit the industry's most comprehensive operationalization of Olympus." "Sukumar brings dedication, knowledge, and ability to Global Integrity Finance to create new and innovative technology. His expertise in Financial Markets and AI &ML, Data Science enables him to create highly automated and intuitive technology," said Travis Sharpe, Global Integrity Finance COO. "He is the perfect leader to drive our Olympus Loan Origination Ecosystem into the anticipating arms of brokers and borrowers." Sukumar Reddy Saddi obtained a master's degree, with honors, in Project Management from the Università degli Studi di Trieste and received an undergraduate degree from JNTUH College of Engineering. He is also interested in travel and speaks six languages. Global Integrity Finance is a nationwide private equity lender specializing in time-sensitive bridge ﬁnancing to real estate investors to fund the purchase of non-owner-occupied residential properties. We have been ensuring proﬁtability and success to real estate investors since 2018. For more information, please visit globalintegrityﬁnance.com .https://www.businesswire.com/news/home/20211015005419/en/Global-Integrity-Finance-Appoints-Sukumar-Reddy-Saddi-as-Chief-Technology-Officer
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Bitcoin miners make US an industry leader after China crackdown as climate fears weigh The U.S. now leads the world in Bitcoin mining, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks Bitcoin’s energy consumption by geography. According to data added to the index, the United States currently makes up 42.7% of the Bitcoin network’s "hashrate," a metric unit that measures how much power the Bitcoin network consumes. Up 14%, the growth in America's hashrate — also known as hashpower — reflects the changing geopolitical environment of Bitcoin mining, at a time when rising concerns about the environmental impact of such activity are dogging the industry. The industry shift follows the Chinese government’s crypto mining ban back in May, which sent shockwaves across the cryptocurrency industry and put temporary pressure on Bitcoin ( BTC-USD ). Mining operators located in China were forced to exit the country as a consequence. For relative crypto veterans like Josh Goodbody, the move of Bitcoin miner operators from China to the U.S. is “an overwhelmingly positive development for the future of Bitcoin.” A year ago, mainland China dominated Bitcoin’s total hashrate, making up 89% according to CBECI figures. That proved a worry for Bitcoin companies and investors according to Goodbody, a financial markets and derivatives lawyer who serves as COO of the decentralized finance (DeFi) infrastructure protocol Qredo. “In many ways this has been a swift resolution to the long-standing concern that China contains an excessively large concentration of Bitcoin’s hashpower that is fully exposed to national and local governments with hostile attitudes towards crypto assets,” said Goodbody, who's worked in the past for crypto exchanges like Huobi and Binance. Within China, Bitcoin mining a year ago relied on a mix of cheap renewable power available below hydroelectric dams — especially in its Sichuan province — in addition to fossil fuels in Northern provinces. That proved problematic, when the country’s dry season caused hydroelectricity to work less profitably. Also measured by the hashprice, profitability for a bitcoin miner can be measured by the Hashprice Index , a figure tracked by the crypto mining pool and analytics firm, Luxor Mining. While the metric dwindled in September, it has since rebounded as Bitcoin inches closer to its 2021 highs near $65,000. Since Bitcoin’s price has recovered from its mid-July bottom, less intense competition meant higher profitability for remaining miners, due mainly to the slow relocation of Chinese mining operators. In North America, industry professionals dubbed this period as the “golden age” for Bitcoin mining . SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla's gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. REUTERS/Michele Tantussi But energy consumption remains one of the most hot-button issues surrounding Bitcoin, a highly volatile cryptocurrency with a market capitalization that's currently more than $1 trillion. The currency's current total energy consumption is 99 TeraWatt hours (TWh) per year, which is nearly as much as gold mining (131 TWh per year). By comparison, refrigerators eat up 104 TWh per year, and TVs in the U.S. consumer 60 TWh per year. With the world becoming more environmentally conscious because of climate change, Bitcoin's energy consumption has come under increased scrutiny. Earlier this year, billionaire entrepreneur and Tesla ( TSLA ) CEO Elon Musk momentarily sparked a furor after he reversed a decision to let his electric vehicle company accept BTC as payment.https://finance.yahoo.com/news/data-bitcoin-miners-make-us-the-industry-leader-after-exodus-from-china-140037538.html
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Researchers test 2.5GHz superconducting microprocessor A group of researchers from the Institute of Advanced Sciences at Yokohama National University, in Japan, have developed the MANA (Monolithic Adiabatic iNtegration Architecture) microprocessor. Highlights of the development are that: the MANA chip is a superconducting microprocessor; and even accounting for the energy required to cool it down to 4.2 Kelvin, it is said to be 80x more efficient than a state-of-the-art 7-nm FinFET semiconductor rival. Interestingly, MANA is composed of superconducting niobium and built from adiabatic quantum-flux-parametrons (AQFPs). Each of these AQFP is composed of a few fast-acting Josephson junction switches – and in the prototype MANA processor there are more than 20,000 Josephson junctions in total. "The AQFPs used to build the microprocessor have been optimized to operate adiabatically such that the energy drawn from the power supply can be recovered under relatively low clock frequencies up to around 10GHz," explained Christopher Ayala, an Associate Professor at YNU. "This is low compared to the hundreds of gigahertz typically found in conventional superconductor electronics." We must be clear through, the current-generation MANA's data processing components run at 2.5GHz. In the not-too-distant future the researchers hope to improve these clocks to 5 to 10GHz as design refinements are implemented. As MANA requires such low temperatures (4.2 Kelvin, being bathed in liquid helium), it is best suited to data centres and supercomputing systems. However, the researchers are busily investigating and have promising strategies to use MANA as a foundation for practical cryosystems with high-performance and high-energy efficiency. Sources: IEEE Journal study and blog post .https://hexus.net/tech/news/cpu/147313-researchers-test-25ghz-superconducting-microprocessor/
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