AI Stocks in the Cloud – (TSXV: $KSUM.V) (NASDAQ: $NVDA) (NASDAQ: $SMCI) (CBOE: $VERS) @nvidia @Supermicro_SMCI @helloVERSES
April 2, 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/04021AI-Stocks.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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