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