Applied Digital Launches Cloud Service to Empower Artificial Intelligence Applications
May 15 2023 - 8:30AM
Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or
the “Company”), a designer, builder and operator of next-generation
digital infrastructure that is designed for High-Performance
Computing (“HPC”) applications, today announced the launch of its
Artificial Intelligence (AI) Cloud services that will provide
high-performance computing power for AI applications, including
large language model training, graphics rendering, and more. The AI
Cloud services will be offered through Sai Computing, a
wholly-owned subsidiary of Applied Digital, and will serve as the
brand through which the services will be marketed.
The service will initially be provided from the Company’s new
9MW HPC Jamestown facility which currently hosts a cluster of
Nvidia A100, A40, and A6000 GPUs. The Company has customer
commitments to fully utilize the initial capacity that is expected
to be online this week.
“According to a recent industry report1, the global artificial
intelligence market is expected to grow at a CAGR of about 23% in
the forecast period of 2023-2028 to reach a value of about US $6
trillion by 2026,” said Applied Digital CEO and Chairman, Wes
Cummins.
“Applied Digital's differentiated datacenter infrastructure
uniquely positions us to meet the sophisticated and demanding
workloads required for businesses to leverage AI and other HPC
applications,” Cummins added. “With the launch of our AI cloud
service, we are able to expand our offerings and further capitalize
on the unprecedented demand we are seeing from customers for our
services. Applied Digital aims to be at the forefront of providing
the next generation of needed services that enable and deliver on
the untapped future of AI.”
Construction of the HPC dedicated facility started late last
year on Applied Digital’s specialized 5MW standalone processing
center, adjacent to its existing 100MW Jamestown facility. The
Company expects the initial capacity in the new HPC facility to
come online this week with full capacity later this year.
Applied Digital’s next-generation datacenters are ideal hosting
sites for HPC applications that can offer lower cost, high compute
power solutions compared to traditional datacenters that are
typically higher cost and do not have the ability in most current
facilities to provide the power density required for AI/ML
workload.
1 https://www.nextmsc.com/report/artificial-intelligence-market
About Applied Digital Applied Digital
(Nasdaq: APLD) designs, develops and operates next-generation
datacenters across North America to provide digital infrastructure
solutions to the rapidly growing high-performance computing (HPC)
industry. Find more information at www.applieddigital.com. Follow
us on Twitter at @APLDdigital.
About Sai Computing Sai Computing
Holdings LLC. provides GPU compute solutions to help customers more
cost-effectively execute critical AI, ML, rendering, web3, and
other HPC workloads. Our infrastructure is purpose-built for
high-performance at ultra-low cost.
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