Wednesday, April 10, 2024
The installed base of smart parking sensors to reach 3.2 million units in 2028
The installed base of smart parking sensors to reach 3.2 million units in 2028: The installed base of smart parking sensors to reach 3.2 million units in 2028
AI Stocks Targeting Opportunities in the Global Healthcare Market (OTCQB: $AVAI) (NASDAQ: $NVDA) (NYSE: $DELL) (NASDAQ: $OTRK) @AvantTechAI @nvidia @DellTech @OntrakHealth
April 10, 2024 –Investorideas.com, a global news source and expert investing resource covering AI stocks
issues a news snapshot looking at how AI plays a key role in the future of
healthcare, featuring Avant Technologies, Inc. (OTCQB: AVAI), an artificial intelligence (AI) technology
company specializing in creating and developing innovative and advanced AI
infrastructure solutions.
Read this article featuring AVAI in full at https://www.investorideas.com/news/2024/technology/04101AI-Stocks.asp
What is the opportunity for stocks in the sector? The
AI in Healthcare market is projected to
grow from USD 20.9 billion in 2024 and reach USD 148.4 billion by 2029. Prophecy Market Research says it could reach
US$ 508.7 billion by 2034.
From data to diagnostics and imaging, drug
development and discovery, early intervention and predictive analytics, remote
patient monitoring and robotics, AI is revolutionizing healthcare as we know
it.
Betting on healthcare as a key market, Avant Technologies,
Inc. (OTCQB: AVAI) just announced the
completion of its acquisition of privately-held healthcare technology and data
integration services firm, Wired-4-Health.
From
the news: Unified by a shared objective to propel the healthcare data
interoperability landscape forward, this strategic merger leverages
cutting-edge AI and amplified computational capabilities. This potent
combination empowers healthcare and life sciences organizations to navigate the
complexities of system interoperability with unprecedented efficiency, enhanced
performance, improved data integrity, and a more cost-effective, scalable
infrastructure. Customers will be able to experience these benefits across a
range of critical business functions, including transaction processing, health
outcomes analytics, and compliance adherence.
“Completion of this important strategic acquisition enables
us to deliver best-in-class data and system interoperability services to the
healthcare and life sciences sectors powered by AvantAI® and our high-density
compute capabilities,” said Tim Lantz, Chief Executive Officer of Avant
Technologies. “This exciting acquisition significantly strengthens our
financial profile, offers massive commercial growth opportunities in one of
Avant’s largest target markets, and bolsters our internal customer support and
R&D capabilities.”
The healthcare sector is facing a number of escalating
challenges. Providers are under pressure to improve patient outcomes while
reducing costs at a time when chronic illness and clinician burnout are on the
rise. Despite the transformative potential of digitalization in healthcare, a
significant barrier remains. The lack of adherence to standardized data
protocols makes the extensive volume of information produced by the digital
revolution complex and costly to leverage. As a result, the full potential of
data-driven solutions to address the industry’s most urgent challenges has yet
to be realized.
“In the near term, if the healthcare industry expects to
succeed in lowering costs while improving quality, the deployment of advanced
AI, combined with more powerful, cost- effective compute capabilities will be
critical to that success,” said Angela Harris, Avant’s Chief Operating Officer.
“The addition of Wired-4-Health will position Avant as a key contributor in
helping healthcare organizations solve complex problems at the intersection of
cost, quality, compliance and technology.”
NVIDIA (NASDAQ: NVDA) recently launched more
than two dozen new microservices that allow healthcare enterprises worldwide to
take advantage of the latest advances in generative AI from anywhere and on any
cloud.
From
the news: The new suite of NVIDIA healthcare microservices includes
optimized NVIDIA NIM™ AI models and workflows with industry-standard APIs, or
application programming interfaces, to serve as building blocks for creating
and deploying cloud-native applications. They offer advanced imaging, natural
language and speech recognition, and digital biology generation, prediction and
simulation.
Additionally, NVIDIA accelerated software development kits
and tools, including Parabricks®, MONAI, NeMo™, Riva and Metropolis, can now be
accessed as NVIDIA CUDA-X™ microservices to accelerate healthcare workflows for
drug discovery, medical imaging and genomics analysis.
From
the news: The microservices, 25 of which launched today, can
accelerate transformation for healthcare companies as generative AI introduces
numerous opportunities for pharmaceutical companies, doctors and hospitals.
These include screening for trillions of drug compounds to advance medicine,
gathering better patient data to aid early disease detection and implementing
smarter digital assistants.
“For the first time in history, we can represent the world
of biology and chemistry in a computer, making computer-aided drug discovery
possible,” said Kimberly Powell, Vice President of Healthcare at NVIDIA. “By
helping healthcare companies easily build and manage AI solutions, we’re
enabling them to harness the full power and potential of generative AI.”
Dell Technologies (NYSE: DELL) and
Northwestern Medicine are using AI to
innovate and strengthen patient care to deliver significant advancements in
medicine, including the development and evaluation of a generative multimodal
large language model (LLM) for the interpretation of chest x-rays.
From
the news: Northwestern Medicine embarked on a mission to use AI to
enhance patient care while reducing physician burnout. Costs and limited
technology capabilities slowed the healthcare provider's ability to quickly
make meaningful advancements. Working with Dell's AI Innovation Lab,
Northwestern Medicine designed and tested workflow solutions prior to deploying
them into their own IT environment where they achieved a significant milestone:
a multimodal LLM that produced draft x-ray reports, aiding physician
decision-making.
"Technology such as AI has the power to speed
innovation that advances human progress. Healthcare is a prime example of where
technology can make an impact and help save lives," said Jeff Boudreau, Chief
AI Officer at Dell Technologies. "By combining Dell's technology with
Northwestern Medicine's expertise, we're setting a new standard for AI-driven
healthcare solutions."
From
the news: "In healthcare, there is little to no margin for error
and a tremendous amount of good that can be done. When we think about what AI
can do, we don't just see the technology itself, we see the many patients and
lives it will positively impact," said Dr. Etemadi. "Our work with
Dell signifies a major step forward for the industry in directly creating and
applying transformative technology solutions that directly impact patient care
and improve outcomes."
Ontrak Health (NASDAQ: OTRK), a
leading AI-powered and tech-enabled behavioral healthcare company, recently announced the
launch of its Ontrak Advanced Engagement System. This system integrates
Augmented Intelligence (AI) with an evidence-based clinical framework to
deliver human-centered, personalized member engagement.
From
the news: Built on a foundation of real-world AI application, the
Ontrak Advanced Engagement System enables member engagement at greater scale
and with greater efficiency than ever before. The platform’s introduction marks
a significant step forward in Ontrak’s commitment to technology-driven health
solutions and builds on more than a decade of research and development.
From
the news: Among other cutting-edge innovations, the Ontrak Advanced
Engagement system employs a Risk-based analytics engine, which uses AI
algorithms to identify members and prioritize outreach based on factors like
risk, readiness, acuity, claims, prescriptions, and enrollment history. Our
Risk-based analytics engine can find members with, for example, high-predicted
probability of substance use disorder or depression, but no associated
diagnosis in existing health records. This technology helps drive Ontrak’s
impressive member outreach success of 54% across all lines of business, which
Ontrak believes is more than double the industry standard.
As AI technology continues to advance, the
healthcare sector will grow exponentially. For investors following AI stocks, the hunt is on for finding
the stocks that can harness the power of AI for the next generation of
healthcare.
Research more AI stocks with Investorideas.com free
stock directory
https://www.investorideas.com/TSS/Stock_List.asp#Robotics
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cover it all. Our original branded content includes podcasts such as Exploring
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Disclosure: This article featuring Avant Technologies, Inc. is part of
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Tuesday, April 9, 2024
AI Stock News Bite - Auddia Inc. (NASDAQ: AUUD) Stock Makes Noise on News of Issuance of Core AI Patent
AI Stock News Bite - Auddia Inc. (NASDAQ: AUUD) Stock Makes Noise on News of Issuance of Core AI Patent: AI Stock News Bite - Auddia Inc. (NASDAQ: AUUD) Stock Makes Noise on News of Issuance of Core AI Patent
Global A.I. Healthcare Market Expected To Expand At CAGR Of 36.4% From 2024 To 2030; (OTCQB: $AVAI) (NASDAQ: $NVDA) (NASDAQ: $SOUN) (NASDAQ: $CXAI) (NASDAQ: $MRVL) @FNMgroup @AvantTechAI
Global A.I. Healthcare Market Expected To Expand At CAGR Of 36.4% From 2024 To 2030; (OTCQB: $AVAI) (NASDAQ: $NVDA) (NASDAQ: $SOUN) (NASDAQ: $CXAI) (NASDAQ: $MRVL) @FNMgroup @AvantTechAI
Palm Beach, FL – April 9, 2024 – FN Media Group News Commentary – Experts universally see that the AI in the healthcare market will continue to reach new highs throughout this decade. A report from Grand View Research said that the global AI in healthcare market size was estimated at USD 22.45 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 36.4% from 2024 to 2030. The report said: “Growing datasets of patient health-related digital information, increasing demand for personalized medicine, and rising need to reduce care expenses are some major drivers of market growth. The rising global geriatric population, changing lifestyles, and increasing prevalence of chronic diseases have contributed to a growth in demand for diagnosing and improved understanding of diseases in their initial stages. Artificial Intelligence (AI) and machine learning (ML) algorithms are being widely adopted and integrated into healthcare systems to accurately predict diseases in their early stage based on historical health datasets.
Read this in full at https://www.financialnewsmedia.com/global-a-i-healthcare-market-expected-to-expand-at-cagr-of-36-4-from-2024-to-2030/
Furthermore, deep learning technologies, predictive analytics, content analytics, and natural language processing (NLP) tools are enabling care professionals to diagnose patient’s underlying health conditions at an earlier stage. The COVID-19 pandemic positively influenced the demand for AI technologies and unearthed the potential of these advanced technologies. Healthcare systems widely adopted these technologies in the rapid diagnosis and detection of different virus strains and utilized personalized information in improving the management of the outbreak. AI/ML algorithms were utilized in the diagnosis sector wherein these technologically driven modules were trained with datasets of chest CT images, symptoms, pathological findings, and exposure history to diagnose COVID-19-positive patients rapidly and accurately.” Active tech companies in the markets this week include: Avant Technologies, Inc. (OTCQB: AVAI), NVIDIA Corporation (NASDAQ: NVDA), SoundHound AI, Inc. (NASDAQ: SOUN), CXApp Inc. (NASDAQ: CXAI), Marvell Technology, Inc. (NASDAQ: MRVL).
Grand View Research continued: “The growing shortage of healthcare workforce drove the adoption of AI/ML technologies. Therefore, AI algorithms can be trained to analyze patient health information, which further supports care providers in quickly diagnosing the condition and devising an accurate treatment regime. Supportive government initiatives, rising number of mergers and acquisitions and technological collaborations, and COVID-19 pandemic had a significant role in boosting the growth of the market and accelerating the adoption rate of AI in healthcare. AI/ML algorithms are being widely implemented in rapid and accurate diagnosis of medical conditions after the initial implementation in the detection of COVID-19 positive patients using personalized patient information and data consolidation. North America dominated the market in 2023 and held the largest revenue share of 57.7%, owing to advancements in healthcare IT infrastructure, growing care expenditures, widespread adoption of AI/ML technologies, favorable government initiatives, lucrative funding options, and presence of several key market players.”
Avant Technologies, Inc. (OTCQB: AVAI) Acquires Wired-4-Health, Advancing AI Interoperability in Healthcare Data – Avant Technologies, Inc. (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in developing innovative and advanced AI and AI infrastructure solutions, today announces the completion of its acquisition of privately held healthcare technology and data integration services firm, Wired-4-Health.
Unified by a shared objective to propel the healthcare data interoperability landscape forward, this strategic merger leverages cutting-edge AI and amplified computational capabilities. This potent combination empowers healthcare and life sciences organizations to navigate the complexities of data and system interoperability with unprecedented efficiency. By streamlining transaction processing, health outcomes analytics, and compliance adherence, this union fosters enhanced performance, improved data integrity, and a more cost-effective, scalable infrastructure for customers.
“Our strategy behind this acquisition was to enable Avant to deliver best-in-class data and system interoperability support services to the healthcare and life sciences sectors powered by AvantAI® and our high-density compute capabilities,” said Tim Lantz, Chief Executive Officer of Avant Technologies. “At the same time, this exciting combination significantly strengthens our financial profile, offers massive commercial growth opportunities in one of Avant’s largest target markets, and bolsters our internal customer support and R&D capabilities.”
The healthcare sector currently grapples with a confluence of intensifying pressures. Providers face an unrelenting demand to elevate patient outcomes while simultaneously reducing costs. This exigency coincides with an unprecedented prevalence of chronic illness and clinician burnout. Despite the transformative potential of digitalization within healthcare, a crucial impediment persists. The lack of standardized data protocols renders the vast troves of information generated by this digital revolution immensely intricate and expensive to utilize. Consequently, the potential for data-driven solutions to the industry’s most pressing challenges remains unrealized.
“In the near term, if the healthcare industry expects to succeed in lowering costs while improving quality, the deployment of advanced AI, combined with more powerful, cost-effective compute capabilities will be critical to that success,” said Angela Harris, Avant’s Chief Operating Officer. “The addition of Wired-4-Health will position Avant as a key contributor in helping healthcare organizations solve complex problems at the intersection of cost, quality, compliance and technology.” Continued… Read these full press releases and more news for Avant Technologies at: https://www.financialnewsmedia.com/news-avai/
Other recent developments in the markets of note include:
NVIDIA Corporation (NASDAQ: NVDA) recently announced that leading AI application developers across a wide range of industries are using NVIDIA digital human technologies to create lifelike avatars for commercial applications and dynamic game characters. The results are on display at GTC, the global AI conference held this week in San Jose, Calif., and can be seen in technology demonstrations from Hippocratic AI, Inworld AI, UneeQ and more.
NVIDIA Avatar Cloud Engine (ACE) for speech and animation, NVIDIA NeMo™ for language, and NVIDIA RTX™ for ray-traced rendering are the building blocks that enable developers to create digital humans capable of AI-powered natural language interactions, making conversations more realistic and engaging.
“NVIDIA offers developers a world-class set of AI-powered technologies for digital human creation,” said John Spitzer, vice president of developer and performance technologies at NVIDIA. “These technologies may power the complex animations and conversational speech required to make digital interactions feel real.”
SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently announced that its voice assistant with integrated ChatGPT will be the first to go into vehicles in Japan. SoundHound Chat AI Automotive became the world’s first in-vehicle voice assistant with integrated generative AI when it hit the market in April 2023. It will be available in Stellantis DS Automobiles in Japan starting this month.
At the beginning of March 2024, DS Automobiles became the first automaker in the world to go into full production with SoundHound Chat AI, with an initial rollout in 13 languages across 18 countries. The most sophisticated voice AI assistant available today, it can respond to a vast range of questions from hundreds of real-time domains, as well as large language models, like ChatGPT.
This assistant – which DS Automobiles has named Iris – will allow drivers and passengers to use hands-free voice control to unlock a vast range of information and updates. Whether that’s for planning a trip, opening the sunroof, asking for the sports scores, making a call, or accessing parking information from their destination.
CXApp Inc. (NASDAQ: CXAI) recently announced the signing of strategic partnership and development agreements with Google Cloud as part of the launch of the CXAI Platform. Khurram Sheikh, Chairman and Chief Executive Officer of CXApp said, “The CXAI SaaS platform is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.
“Our strategic partnership and development agreements with Google Cloud signify a pivotal moment in our journey. By leveraging our AI-native platform, powered by cutting-edge technology and data insights, we’re poised to be the technology leader enabling transformative workplace experiences”, stated Naresh Soni, CTO of CXApp Inc.
Marvell Technology, Inc. (NASDAQ: MRVL) recently outlined its broad-ranging strategy to optimize optical technology to meet the rising performance and power requirements of AI and cloud data centers at OFC 2024, taking place in San Diego, California.
Marvell CEO and Chairman, Matt Murphy, and EVP and GM of Cloud Optics, Dr. Loi Nguyen, among others, discussed the driving forces behind the growth of optical as well as Marvell’s ideas for enhancing optical PAM4 DSPs, coherent DSPs, silicon photonics, and other optical technologies for data centers to serve an expanding range of architectures, applications, use cases, performance characteristics, and customer profiles.
“Over the last two decades, optical data rates have increased 1000x while energy per bit has declined 100x3, and in the process transformed data infrastructure and enabled the rise of services like streaming media, cloud computing, smartphones and AI,” said Dr. Radha Nagarajan, senior vice president and chief technology officer, Optical Platforms at Marvell and the 2024 recipient of the David Richardson Medal for significant contributions to optical engineering. “The industry is now entering a new chapter and Marvell is looking forward to collaborating with its partners in extending the horizons of this far-reaching technology.”
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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty two hundred dollars for news coverage of the current press releases issued by Avant Technologies, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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SOURCE: FN Media Group
Thursday, April 4, 2024
AI Stock News Bite - Alset Capital Inc. (TSXV: KSUM.V) Gains on News of Supply Agreement with AI Leaders
AI Stock News Bite - Alset Capital Inc. (TSXV: KSUM.V) Gains on News of Supply Agreement with AI Leaders: AI Stock News Bite - Alset Capital Inc. (TSXV: KSUM.V) Gains on News of Supply Agreement with AI Leaders
Wednesday, April 3, 2024
No April Fools in These AI Stocks (NASDAQ: $GXAI) (Nasdaq: $LGCL) (TSX: $MCB.TO) (NASDAQ: $JTAI)
No April Fools in These AI Stocks (NASDAQ: $GXAI) (Nasdaq: $LGCL) (TSX: $MCB.TO) (NASDAQ: $JTAI)
April 3, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the AI (artificial intelligence) sector.
Read this in full at https://www.investorideas.com/news/2024/technology/04032AI-Stocks.asp
The newest tech stocks are involved in the AI (artificial intelligence) and machine learning sectors.
New Stocks Added to the AI Directories:
Gaxos.ai Inc. (NASDAQ: GXAI) isn’t just developing applications; it’s aim is to redefine the human-AI relationship. Our offerings are being expanded to include health and wellness, as well as gaming. We’re committed to addressing health, longevity, and entertainment, through AI solutions.
Lucas GC Ltd (Nasdaq:LGCL) is the largest AI technology-driven online agent-centric human capital management service provider targeting professionals based on PaaS in China. As a company empowered by artificial intelligence, data analytics, and blockchain technologies, Lucas is committed to digitalizing and intellectualizing the entire human capital management process. Lucas provides a platform to support trusted private social networks of professionals, through which it provides services consisting of recruitment services, outsourcing services, and other services such as information technology services and training services. The Company's users are primarily professionals who work in human resources related functions. The Company's corporate customers are corporations with recruitment, training, sales leads generation and outsourcing demands.
McCoy Global, Inc. (TSX:MCB) is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The Corporation has offices in Canada, the United States of America, and the United Arab Emirates and operates internationally in more than 50 countries through a combination of direct sales and key distributors.
Jet.AI Inc. (NASDAQ: JTAI ) operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app and the B2B Jet.AI Operator platform. The CharterGPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet.AI operator platform offers a suite of stand-alone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The Aviation segment features jet aircraft fractions, jet card, on-fleet charter, management, and buyer’s brokerage. Jet.AI is an official partner of the Las Vegas Golden Knights, 2023 NHL Stanley Cup® champions. The Company was founded in 2018 and is based in Las Vegas, NV and San Francisco, CA.
The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.
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AI Technology Advancing Cloud Computing (TSXV: $KSUM.V) (NASDAQ: $NVDA) (NASDAQ: $SMCI) (CBOE: $VERS) @nvidia @Supermicro_SMCI @helloVERSES
AI Technology Advancing Cloud Computing (TSXV: $KSUM.V) (NASDAQ: $NVDA) (NASDAQ: $SMCI) (CBOE: $VERS) @nvidia @Supermicro_SMCI @helloVERSES
April 3, 2024 –Investorideas.com, a global news source and expert investing resource covering AI stocks issues a snapshot for the future of the AI cloud market featuring Alset Capital Inc. (TSXV:KSUM)(FSE:1R60, WKN:A3ESVQ), a company aiming to be a pure-play pubco operator of AI specialized computing infrastructure.
Read this article featuring KSUM in full at https://www.investorideas.com/news/2024/technology/04031AI-Cloud-Computing.asp
According to AnalyticsInsight, “The dawn of the digital era has ushered in unprecedented advancements, with Artificial Intelligence (AI) emerging as the cornerstone of innovation across industries. Among the myriad applications of AI, the integration of AI into cloud computing has proven to be a game-changer, giving rise to the Cloud AI market. The Cloud AI market size was valued at US$60.08 billion in 2023 and is anticipated to reach US$270.94 billion by 2028, with a CAGR of 35.15% over the forecast period.”
Alset Capital Inc. (TSXV:KSUM)(FSE:1R60, WKN:A3ESVQ) just announced it has entered into a loan agreement with Cedarcross International Technologies Inc., with respect to a loan for a principal amount of $3,700,000 to purchase 10 Nvidia H100 HGX GPU servers capable of leasing 700,000 compute hours.
From the news: Cedarcross’ mission is to democratize access to high-performance AI computing. Cedarcross offers access to the world’s fastest AI servers, heralding a new era of technological advancement. By offering access to the world’s fastest AI servers, powered by Nvidia’s H100 HGX GPUs, Cedarcross empowers enterprises with computing capabilities, exceeding 700,000 hours, with plans to increase its computing capabilities in the future.
Through a strategic hosting relationship with a leading North American data center provider boasting an extensive network of over 40+ facilities across key markets, Cedarcross ensures seamless connectivity and reliability. This partnership fortifies Cedarcross’s infrastructure with essential features such as fiber optic connectivity, UPS backup, and localized computing capabilities.
From the news: Cedarcross’s strategic approach to leasing compute resources to enterprises clients demonstrates a clear pathway to significant revenue growth. By facilitating the training of AI workloads, Cedarcross not only plans to generate cash flows but also scales its hardware infrastructure fleet to meet evolving market demand for compute. Leveraging its industry-leading partners, Cedarcross is poised to drive streamlined growth and innovation in the AI sector.
In consideration of the Loan, Alset’s management and Board of Directors reviewed similar transactions in the AI sector, including Magnetar Capital’s and Blackstone’s $2.3B debt facility to CoreWeave in 2023, secured by Nvidia chips.
"The strategic alliance and loan between Alset and Cedarcross signifies our commitment to fostering innovation in the AI sector," said Morgan Good, CEO of Alset. "By providing Cedarcross with the necessary financial support, we aim to facilitate the growth of cutting-edge technologies that have the potential to revolutionize a multitude of industries."
"The strategic loan from Alset will enable Cedarcross to expand its infrastructure and fulfill the increasing demand for high-performance AI computing," said Jason Hawkins, CEO of Cedarcross. "With this capital infusion, we are well-positioned to continue our mission of democratizing access to advanced AI technologies and driving innovation across a multitude sectors."
The Company has a 49% ownership stake in Cedarcross and is a “related party” of the Company within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). As such, the Loan constitutes a “related party transaction” within the meaning of MI 61-101.
In mid-March, SAP SE (NYSE: SAP) and AI leader Nvidia (NASDAQ: NVDA) announced a partnership expansion focused on accelerating enterprise customers' ability to harness the transformative power of data and generative AI across SAP's portfolio of cloud solutions and applications.
From the news: The collaborating to build and deliver SAP Business AI, including scalable, business-specific generative AI capabilities inside the Joule® copilot from SAP and across SAP's portfolio of cloud solutions and applications – all of which are underpinned by the SAP generative AI hub. The generative AI hub facilitates relevant, reliable and responsible business AI and provides instant access to a broad range of large language models (LLMs).
From the news: As part of SAP's ongoing initiative to build generative AI directly into the applications that power the world's businesses, the partnership aims to help customers adopt generative AI capabilities at scale across their organizations. SAP will use Nvidia’s generative AI foundry service to fine-tune LLMs for domain-specific scenarios and deploy applications with new Nvidia NIM™ microservices. SAP and Nvidia plan to make the new integrated capabilities available by the end of 2024.
"Enterprise customers want to leverage state-of-the-art technology that delivers real business value," said Christian Klein, CEO and Member of the Executive Board of SAP SE. "Strategic technology partnerships, like the one between SAP and Nvidia, are at the core of our strategy to invest in technology that maximizes the potential and opportunity of AI for business. Nvidia's expertise in delivering AI capabilities at scale will help SAP accelerate the pace of transformation and better serve our customers in the cloud."
Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, just announced its latest portfolio to accelerate the deployment of generative AI. The Supermicro SuperCluster solutions provide foundational building blocks for the present and the future of large language model (LLM) infrastructure.
From the news: The three powerful Supermicro SuperCluster solutions are now available for generative AI workloads. The 4U liquid-cooled systems or 8U air-cooled systems are purpose-built and designed for powerful LLM training performance, as well as large batch size and high-volume LLM inference. A third SuperCluster, with 1U air-cooled Supermicro Nvidia MGX™ systems, is optimized for cloud-scale inference.
"In the era of AI, the unit of compute is now measured by clusters, not just the number of servers, and with our expanded global manufacturing capacity of 5,000 racks/month, we can deliver complete generative AI clusters to our customers faster than ever before," said Charles Liang, President and CEO of Supermicro. "A 64-node cluster enables 512 Nvidia HGX H200 GPUs with 72TB of HBM3e through a couple of our scalable cluster building blocks with 400Gb/s Nvidia Quantum-2 InfiniBand and Spectrum-X Ethernet networking. Supermicro's SuperCluster solutions combined with Nvidia AI Enterprise software are ideal for enterprise and cloud infrastructures to train today's LLMs with up to trillions of parameters. The interconnected GPUs, CPUs, memory, storage, and networking, when deployed across multiple nodes in racks, construct the foundation of today's AI. Supermicro's SuperCluster solutions provide foundational building blocks for rapidly evolving generative AI and LLMs."
VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF), a cognitive computing company developing next-generation intelligent software systems announced in March that Blue Yonder, a leader in supply chain digital transformation has joined the Genius Beta program.
“Blue Yonder was one of the earliest partners to align with the VERSES vision so it's a natural progression to expand the relationship from using our Wayfinder solution into the Genius beta,” said Gabriel René, Founder and CEO of VERSES. “By leveraging Genius, Blue Yonder will be the first supply chain company to access advanced intelligent automation capabilities.”
Blue Yonder intends to implement Genius to better unify its expansive enterprise data into a common knowledge model on which to interrogate, simulate and automate optimal decision-making and workflows within warehouses and distribution centers.
Genius is a natural computing system modeled after a scientific breakthrough in understanding biological intelligence. Conventional artificial intelligence (AI) models excel at pattern recognition and reconstruction as a result of being trained on enormous data sets, and once trained are static. Conversely, Genius generates intelligent agents with substantially less training data that can learn, plan, and adapt autonomously in real time.
While AI has been a driving force for Blue Yonder, the company recognizes that adaptive intelligence is a key factor in helping its customers succeed. Blue Yonder’s participation in the Genius Beta program signals the company’s ongoing commitment to market leadership and innovation.
Valuates Reports says. “Using cloud-based AI to its full potential has become essential in the enterprise evolution environment, changing the way firms function. Cost savings, which are a result of AI being used in cloud computing, are one of these benefits that stand out for efficiency.”
For investors looking at the future potential of AI, no one can say you have your head in the ‘clouds’ if you bet on Nvidia. Now the hunt is on for what’s next.
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