The Royal Turf Club of Thailand (RTC), under royal patronage, has launched an ambitious project to establish the RTC AI Data Centre, marking a significant step towards global project management.
This announcement was made at the Army Club in Vibhavadi, where Jamlong Boonkaphue, RTC chairperson, provided updates on the Sports and Entertainment Complex project and the establishment of the RTC AI Data Centre, in collaboration with partners.
Colonel Panthach Sangchoti, Executive Director and Honorary Secretary of the RTC, elaborated on the details of the plan to set up the RTC AI Data Centre. This initiative is in partnership with Power-All Network Co., Ltd., a subsidiary of Foxconn, the world’s leading electronics manufacturer.
Steve Hui, President of Power-All Networks Limited, highlighted the company’s role in developing a new form of AI that is more cost-effective and energy-efficient than the latest Nvidia processing chips while offering superior performance. This advanced AI will support the RTC x CTG Prop Trade project, aimed at creating knowledge and providing high-skill career training for 300 million accounts worldwide, requiring numerous Virtual Private Servers (VPS) through an efficient communication network.
Furthermore, the RTC has formed a consortium with Greenpro Capital Corp., led by Gilbert Loke, and Capital Trust Group Ltd. (CTG) from New Zealand, headed by Wong Hiu Tung, to propel the Thailand Entertainment Complex project. This grand entertainment hub, valued at US$6 billion (approximately 200 billion baht), includes a horse racing track, six-star hotel, golf course, restaurants, theatre, sports centre, concert hall, cultural centre, and a shopping mall with full amenities.
On September 4, CTG issued a digital bond valued at US$6 billion to invest in the Thailand Entertainment Complex, managed by the RTC. Yesterday, December 24, the Club officially announced that investments in the digital bond will be accepted in the form of a stablecoin named US dollar Telegraphic Transfer (USTT), issued exclusively by CTG. The RTC assured the transparency and reliability of this stablecoin, having appointed a representative to co-sign the CTG account held with a Swiss bank, and committed to disclosing the account balance publicly in real-time, 24 hours a day, making it one of the most transparent methods globally.
Training
The event also announced the opening of applications for individuals interested in training as fund managers or portfolio managers through 300 million proprietary trading accounts from Thailand and around the world. A competition for managing investment portfolios, including a fund shorting Nvidia stocks listed on NASDAQ, was also unveiled. Additional competitions for managing portfolios in other assets, such as the iShares Bitcoin Trust ETF (IBIT.NASDAQ) and Tesla, Inc. stocks, will be held. The recruitment for managing portfolio accounts, specifically targeting Millennials or Generation Y, who number approximately 1.8 billion globally, will commence in January, reported KhaoSod.
“The launch of the RTC AI Data Centre is a pivotal development for the RTC,” said Jamlong. “Our collaboration with global leaders like Foxconn and CTG underscores our commitment to innovation and excellence.”
“Power-All Networks is excited to be at the forefront of this AI revolution,” noted Hui. “Our technology not only surpasses existing solutions in performance but also offers a sustainable and cost-effective alternative.”
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