Alphabet (NASDAQ: GOOG) vs Microsoft (NASDAQ: MSFT) - earnings and AI in focus

Alphabet (NASDAQ: GOOG) vs Microsoft (NASDAQ: MSFT) - earnings and AI in focus: Alphabet (NASDAQ: GOOG) vs Microsoft (NASDAQ: MSFT) - earnings and AI in focus

Meta Platforms Inc. (NASDAQ: META) Exceeds Expectations in the First Quarter of 2024 but Falls

Meta Platforms Inc. (NASDAQ: META) Exceeds Expectations in the First Quarter of 2024 but Falls: Meta Platforms Inc. (NASDAQ: META) Exceeds Expectations in the First Quarter of 2024 but Falls

Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) Announces C$5.5 Million Two-Year AI Compute Leasing Agreement Signed by Investee Company Cedarcross Technologies; @AlsetAI

Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) Announces C$5.5 Million Two-Year AI Compute Leasing Agreement Signed by Investee Company Cedarcross Technologies; @AlsetAI

 

VANCOUVER, BC - April 25, 2024 (Investorideas.com Newswire) Alset Capital Inc. (TSXV:KSUM) (FSE:1R60, WKN:A3ESVQ) ("Alset" or the "Company") is pleased to announce that its 49% owned investee company, Cedarcross International Technologies Inc. ("Cedarcross Technologies"), has entered into a two-year AI Computing leasing agreement (the "Agreement"), with an arm's length counterparty. The Agreement is expected to generate approximately CAD$5.5 million in total revenue, with aggregate gross margin of approximately CAD$4.4 million over the contract's duration.

 

Read this news, featuring KSUM in full at https://www.investorideas.com/news/2024/technology/04251KSUM-AI-Compute-Leasing-Agreement.asp

 

Under the terms of the Agreement, Cedarcross Technologies will provide approximately 700,000 compute hours annually, totaling 1.4 million AI compute hours over the contract's duration. This agreement, with an esteemed arm's length third-party enterprise client, underscores Cedarcross Technologies growing influence and capabilities in the realm of AI infrastructure.

 

The Agreement outlines a structured monthly payment plan, with Cedarcross Technologies expecting to receive approximately CAD$223k monthly.

 

Cedarcross Technologies to Address Surging Demand for AI Computing Capacity

Cedarcross Technologies' mission to democratize access to high-performance AI computing is propelled by the overwhelming global demand for compute power, as highlighted in a recent interview with Sam Altman, CEO of OpenAI. Altman emphasized the critical role of computing power, suggesting that "compute" will be the "currency of the future." He stressed the need for substantial investments to increase computing capabilities, comparing the market for computing chips to that of mobile phones and predicting a significant difference in demand.¹ Cedarcross Technologies, aligned with this vision, is strategically positioned to address this escalating demand by providing access to the world's fastest AI servers, leveraging Nvidia's H100 HGX GPUs.

 

Furthermore, Cedarcross Technologies' initiatives are in sync with the Canadian Government's recent announcement of a $2.4 Billion AI Budget, with a substantial portion allocated to funding computing capabilities and technical infrastructure.² This significant investment underscores the critical importance of AI computing in driving technological innovation and economic growth.

 

Through a strategic partnership with a major North American data center provider boasting over 40 facilities, Cedarcross Technologies' ensures seamless connectivity and reliability, supported by fiber optic connectivity, UPS backup, and localized computing capabilities. By leasing compute power to enterprise clients, Cedarcross Technologies' facilitates AI workload training, driving revenue and scalability while meeting market demand for computing power.

 

^{1 TradingView}

^{2 Securing Canada's AI Advantage}

 

On behalf of Alset Capital Inc.

"Morgan Good"

Morgan Good
Chief Executive Officer

 

About Alset Capital Inc.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

 

Alset Capital Inc.'s investment portfolio comprises 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.

 

About Cedarcross International Technologies Inc.

Cedarcross Technologies is an Artificial Intelligence cloud computing provider, with a vision of becoming one of Canada's largest AI compute providers. The Company is dedicated to democratizing access to cutting-edge AI computing, offering access to the world's fastest AI servers powered by Nvidia's H100 HGX 8GPU Servers. Focused on leasing compute resources to enterprise clients, Cedarcross Technologies anticipates significant revenue growth.

 

For further information about Alset Capital Inc., please contact:

Morgan Good, CEO and Director
T: 604.715.4751
E: morgan@alsetai.com

 

Cautionary Note regarding Forward Looking Statements

Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the consummation of the transactions contemplated by the Agreement, the Nvidia H100 HGX 8GPU servers' revenue generation, growth of the global cloud AI market and the review and acceptance of the TSX Venture Exchange. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: Alset Capital Inc.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: Alset Capital Inc. is a paid featured AI stock on Investorideas.com effective April 20, 2024, More info https://www.investorideas.com/About/News/Clientspecifics.asp

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

  Get more tech stocks investor ideas- news, articles, podcasts and stock directories

 

AI Eye Podcast – Interview with Alset Capital (TSXV: $KSUM); the New Kid on the Block Making Headlines on the Global AI Stage; @AlsetAI

 

 

AI Eye Podcast – Interview with Alset Capital (TSXV: $KSUM); the New Kid on the Block Making Headlines on the Global AI Stage; @AlsetAI

 

April 25, 2024  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  the AI Eye Podcast, with host Cali Van Zant talking to Hunter Scharfe of Alset Capital Inc (TSXV:KSUM)(FSE:1R60) , a rising Canadian player in the AI sector.

 

Topics discussed include key players in the microchip and AI space and why hardware is the real story behind the AI sector. Mr. Scharfe speaks about recent press releases with investee Cedarcross, and their exciting opportunities connected to Nvidia, Super Micro Computer Inc., Earthmade Computer Corp. and more.

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2024/042324-AI.mp3

 

Read this in full at https://www.investorideas.com/news/2024/artificial-intelligence/04251Alset-Capital-KSUM.asp

 

Hear the Ai Eye on Spotify  

 

When talking about Alset’s latest news release regarding investee Cedarcross Technologies and milestones achieved, Hunter explains, “Earthmade is a really critical piece for Cedarcross to have the ability to get access to GPU’s. Earthmade is a verified distributor of a company called Super Micro Computer, Inc. (NASDAQ: SMCI ) and this is a company some of your listeners might have heard of after Nvidia (NASDAQ: NVDA) had their massive success in the stock market. Super Micro primarily in Q1 of this year really had a huge explosion in value. And the reason for that is that people realized (in my view) that Super Micro is one of the largest manufacturers of the end H100 server. And within each H100 server, there's eight GPU’s that are designed by Nvidia. People realize that Super Micro is a critical piece of that supply chain for the final H100 server.”

 

“Having an arrangement with a company like Earthmade allows Cedarcross to have access to the hardware that they need to build an infrastructure business and get their hands on the most advanced H100 as soon as possible.”

 

When discussing why the hardware side of AI makes sense from an investing standpoint, Hunter says, “Investors get inundated with maybe hundreds of different AI companies and there's a lot of great AI companies out there, some are working on financial services, some are working on health care, there's tons of different applications and there's lots of different businesses that are working on those potential applications. It often becomes simpler to find a company that provides the picks and shovels; the infrastructure business that underpins that whole opportunity. I don't know whether the health care business or the financial services business is going to do better or worse than the other; but I do know that hardware in AI is a critical infrastructure element to the proliferation of the technology. And so when you're buying a piece of Alset Capital, and it owns 49% of the Cedarcross business, you are buying a piece of that infrastructure business that underpins AI.”

 

When talking about 2024 and what we are looking to see in the sector Hunter said, “Alset Capital takes a long term view on the sector and believes that there's going to be tons of exciting developments and opportunities in the space. It’s tough for me to say where I think the market's going, but I do think that if you are like me, you are excited about what's coming in the AI space. We believe that Alset is positioned properly to get exposure, and give investors exposure to that blossoming industry.”

 

About Alset Capital Inc.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

 

Alset Capital Inc.'s investment portfolio is comprised of 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.

https://alsetai.com/

 

About Cedarcross International Technologies Inc.

Cedarcross Technologies is an Artificial Intelligence cloud computing provider, with a vision of becoming one of Canada's largest AI compute providers. The Company is dedicated to democratizing access to cutting-edge AI computing, offering access to the world's fastest AI servers powered by NVidia’s H100 HGX 8GPU Servers. Focused on leasing compute resources to enterprise clients, Cedarcross Technologies anticipates significant revenue growth.

 

The Investorideas.com podcasts are also available on Apple Podcasts, Audible, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, and most audio platforms available.

 

Read and hear other editions of the AI Eye

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for various sectors, including gaming, biotech, tech and sports. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: This podcast is a paid for service for Alset Capital Inc. (KSUM.V).More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com

Contact management and IR of each company directly regarding specific questions.

newswire https://www.investorideas.com/News-Upload/

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800 665 0411

 

 

Get more Technology stock investor ideas - news, articles, podcasts and stock directories

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tech stocks plunge a golden opportunity?

Tech stocks plunge a golden opportunity?: Tech stocks plunge a golden opportunity?

Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction; @AlsetAI

Breaking AI Stock News: Alset Capital Inc. (TSXV: $KSUM.V) Investee Company Cedarcross Technologies Announces Nvidia AI Server Agreement, and Signs C$2.3 Million First H100 Server Distribution Transaction; @AlsetAI

 

News Release Highlights:

Cedarcross Technologies, Alset investee company, has entered into a distribution agreement with Earthmade Computer, an Authorized Distributor of Super Micro Computer, to provide AI companies with access to Nvidia H100 servers

 

Cedarcross Technologies achieves significant milestone closing its first distribution transaction with Ceti AI for total revenue consideration of CAD$2.3 million

 

VANCOUVER, BC - April 22, 2024 (Investorideas.com Newswire) Alset Capital Inc. (TSXV:KSUM)(FSE:1R60, WKN:A3ESVQ)("Alset" or the "Company") is pleased to announce that its investee company, Cedarcross International Technologies Inc. ("Cedarcross Technologies"), has signed a Distribution Agreement (the "Agreement"), in addition to the Supply Agreement announced on April 4th, with CoinDigger DBA Earthmade Computer Corp. ("Earthmade"). This Agreement, in addition to the elements of the Supply Agreement, now also enables Cedarcross Technologies to distribute Nvidia GPU High-Performance Computing (HPC) servers, and to receive assistance from Earthmade in obtaining hardware allocation from Super Micro Computer, Inc. (NASDAQ:SMCI) for the distribution of Nvidia GPU servers. Alset has also entered into a HPC server purchase agreement with Big Energy Investments Inc., DBA Ceti AI ("Ceti AI"). The Agreement involves the sale of five (5) Nvidia H100 HGX 8GPU servers that shall be sourced by Cedarcross Technologies prior to the sale. Such sale will generate Cedarcross Technologies approximately CAD$2.3M in gross revenue plus applicable taxes. Cedarcross Technologies intends to leverage this opportunity to purchase its first H100 servers from Super Micro and/or other server manufacturers, via Earthmade.

 

Read this in full at https://www.investorideas.com/news/2024/technology/04222Alset-Capital.asp

 

Super Micro Computer, Inc., a global technology leader committed to delivering first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure. Super Micro Computer, Inc. is renowned for delivering one of the broadest selections of Nvidia-Certified systems providing the most performance and efficiency from small enterprises to massive, unified AI training clusters with the new Nvidia H100 and H200 Tensor Core GPUs.

 

Securing this distribution agreement allows for the distribution of Nvidia GPU HPC servers from Super Micro Computer, Inc. (NASDAQ:SMCI), and other server manufacturers. This partnership opens up an additional business vertical for Cedarcross Technologies in addition to its compute leasing business vertical. Cedarcross Technologies aims to demonstrate the valuable relationships such as this to obtain HPC hardware at competitive prices and expedited lead times. The Server Purchase Agreement is a testament to the demand in the market for Cedarcross Technologies to service this market, and Cedarcross Technologies aims to identity similar transactions in the future.

 

"'This transaction with Ceti AI represents a significant milestone for Cedarcross Technologies," said Morgan Good, CEO of Alset. "It not only enhances their revenue streams, but also reinforces their market position as a leader in supplying high-performance computing GPU servers. Alset is committed to supporting Cedarcross Technologies as it continues to expand and excel on its business model."

 

Agreement Payment Terms

The total contract value for the HPC servers is CAD$2.3 million + GST, with the following terms:

 

Ceti AI will pay a deposit of CAD$140K + GST within two (2) business days from the execution date of the Agreement (the "Effective Date").

 

An additional CAD$1.01M + GST will be paid within fourteen (14) days from the Effective Date; and

 

The balance of CAD$1.15M + GST is due seven (7) days after the servers are received and accepted by Ceti AI, scheduled for no earlier than May 17th, 2024.

 

The aggregate return for Cedarcross Technologies is expected to be up to CAD$240K subject to ordinary course chargebacks, closing costs including shipping and other associated expenses.

 

On behalf of Alset Capital Inc.

"Morgan Good"

Morgan Good
Chief Executive Officer

 

About Alset Capital Inc.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

 

Alset Capital Inc.'s investment portfolio comprises 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.

 

About Cedarcross International Technologies Inc.

Cedarcross Technologies is an Artificial Intelligence cloud computing provider, with a vision of becoming one of Canada's largest AI compute providers. The Company is dedicated to democratizing access to cutting-edge AI computing, offering access to the world's fastest AI servers powered by Nvidia's H100 HGX 8GPU Servers. Focused on leasing compute resources to enterprise clients, Cedarcross Technologies anticipates significant revenue growth.

 

For further information about Alset Capital Inc., please contact:

Morgan Good, CEO and Director
T: 604.715.4751
E: morgan@alsetai.com

 

Cautionary Note regarding Forward Looking Statements

Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the consummation of the transactions contemplated by the Agreement, the Nvidia H100 HGX 8GPU servers' revenue generation, growth of the global cloud AI market and the review and acceptance of the TSX Venture Exchange. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: Alset Capital Inc.

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: Alset Capital Inc. is a paid featured AI stock on Investorideas.com effective April 20, 2023, More info https://www.investorideas.com/About/News/Clientspecifics.asp

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

  Get more tech stocks investor ideas- news, articles, podcasts and stock directories