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- 14:12Gradient open-sources Parallax to promote the implementation of native AI applicationsForesight News reported that the distributed AI laboratory Gradient has announced the open-sourcing of Parallax, an operating system designed for local AI applications. This system supports cross-platform and cross-region deployment of open-source large models on heterogeneous devices such as Mac and Windows, allowing users to have full control over models, data, and AI memory. Parallax is equipped with built-in network-aware sharding and dynamic task routing mechanisms, enabling intelligent scheduling based on inference workloads and seamless switching between single-machine, multi-device, and wide-area cluster modes. Currently, Parallax is compatible with more than 40 open-source large models, including Qwen3, Kimi K2, DeepSeek R1, and gpt-oss. Developers can deploy locally to build and run various AI applications such as programming assistants, personal agents, and multimodal generation in a fully autonomous manner, keeping all sensitive data and control permissions locally.
- 14:12Shipping company OceanPal completes $120 million financing and launches AI project based on NEAR protocolForesight News: According to The Block, Nasdaq-listed shipping company OceanPal has completed a $120 million private investment in public equity (PIPE) to launch its wholly-owned subsidiary, SovereignAI Services LLC. This subsidiary will collaborate with the NEAR Foundation to build digital asset and artificial intelligence infrastructure. The financing attracted participation from several cryptocurrency investors, including an exchange, Proximity, Fabric Ventures, and G20 Group. The funds will be used to implement a blockchain-native digital asset treasury strategy centered on the NEAR protocol and to develop a confidential AI cloud platform supported by NEAR and Nvidia technologies.
- 14:12Listed company AgriFORCE Growing Systems raises $300 million to establish an AVAX treasuryForesight News reported that Nasdaq-listed company AgriFORCE Growing Systems announced plans to raise $300 million through PIPE financing, with Hivemind Capital as the lead investor. The transaction is expected to be completed around October 30, 2025, subject to customary closing conditions. The new funds will support the establishment of a digital asset treasury for the Avalanche network native token AVAX. Upon completion of the transaction, the company name and stock ticker will be changed to AVAX One.