Recently, Theta Labs announced the details of a new partnership with Google Cloud on its Medium account. The press release, which hinted at new projects, had an immediate impact on altcoin prices.
Theta Labs and Google Cloud collaborate
Google Cloud and Theta Network announced that they will collaborate on applications for automatically converting video content into text. Theta price quickly reacted positively upon this announcement.
Theta, one of the notable altcoins of the cryptocurrency world, is frequently mentioned with its technological collaborations. Finally, the collaboration between Google Cloud and Theta Network is an important step in converting video content into text. Thanks to this collaboration, two giant technology companies aim to provide great convenience for video platforms and content creators.
Google Cloud and Theta Network collaboration includes the development of a special algorithm that will automatically convert video content into text. Thanks to this algorithm, training videos, conference recordings, interviews and more will be automatically converted to text. This can increase the accessibility and reach of the content to a wider audience.
Altcoin price peaked in a short time
Popular altcoin Theta reacted quickly and positively to this collaboration announcement. News of the collaboration pushed Theta’s price closer to the $0.65 region. The altcoin gained 10% value at one point during this time.
As a result, Google Cloud and Theta Network’s collaboration on transcribing video content can offer great benefits for both content providers and users. Theta altcoin’s positive reaction to this news of cooperation once again reveals the close relationship of the cryptocurrency world with technological developments.
