It's been a banner year, so far, for cryptocurrency enthusiasts worldwide. Bitcoin ( CRYPTO:BTC), the world's most popular cryptocurrency, touched an all-time high of $124,457.12 in mid-August before pulling back to around $110,000 in the month's final trading days. With that, Bitcoin was up by 20% (give or take a few percentage points) at the end of August. That's an impressive year-to-date performance, and some commentators are bracing for even higher Bitcoin prices.
During the company's Q2 earnings call, president Martin Lau stated, "From our own perspective, we do have enough chips for training and continuous upgrade of our existing models." Lau emphasized that Tencent is executing numerous software improvements to drive efficiency in inference, allowing for more workloads with the same number of chips.