USA News Group
Commentary Issued on behalf of Avant Technologies
Inc.
VANCOUVER, May 31, 2024 /PRNewswire/ -- USA News Group – With the artificial
intelligence (AI) revolution fully underway, the importance and
security of the data centers that power the new technology is
surging. The role and preservation of these data centers is
generating multiple calls for them and their power sources to be
recognized as a matter of national security. Former Google
CEO Eric Schmidt went so far as to
predict that AI data centers will one day be "on military bases
surrounded by machine guns," as stated in an interview with
Noema Magazine. According to analysts at Dell'Oro
Group, data center spending is forecast to grow at an
astounding 18% CAGR over the next 5 years. Behind the scenes, tech
companies are working tirelessly to provide new developments that
will make this transition go smoother, including from Avant
Technologies Inc. (OTCQB: AVAI), Equinix,
Inc. (NASDAQ: EQIX), Vertiv Holdings Co (NYSE:
VRT), Iron Mountain Incorporated (NYSE: IRM), and
Snowflake Inc. (NYSE: SNOW).
At the forefront of generative AI innovation, Avant
Technologies Inc. (OTCQB: AVAI) has been perfecting its
flagship product, Avant AITM. The cutting-edge AI system
is praised for its machine and deep learning capabilities, making
it suitable for a wide range of industries and applications. To
explore future possibilities for its AI data center cloud
infrastructure, Avant recently
engaged Wired4Tech, a highly regarded AI infrastructure
consulting firm.
"We are excited to engage Wired4Tech to benchmark the
performance of an innovative, next-generation AI server," said
William Hisey, CEO of Avant
Technologies. "By conducting rigorous benchmark testing of this
promising server technology, we expect to validate its expected
performance and cost-saving benefits."
As part of the new agreement, Wired4Tech will carry out
detailed performance benchmarking for Avant. This will
include evaluating key metrics such as response time, throughput,
CPU and memory usage, disk I/O, network latency, and error rates. A
special focus will be placed on response time, analyzing how
quickly the server responds to different actions to provide
insights into its overall responsiveness.
Avant considers these metrics to be critical for
evaluating the server's ability to handle complex AI tasks both
effectively and dependably. Furthermore, Wired4Tech will
examine the server's power usage and identify possible cost-saving
opportunities.
Prior to this update, Avant Technologies revealed a bold
initiative to create groundbreaking, proprietary AI software aimed
at improving its next-generation data centers. Additionally, the
company intends to implement AI-driven Zero Trust Architecture
(ZTA) throughout its data center operations. The AvantAI™ platform
has also been upgraded to feature intelligent, proactive monitoring
and management capabilities for data centers.
Digital infrastructure company Equinix,
Inc. (NASDAQ: EQIX) recently announced the
availability of Dell PowerStore on its Equinix Metal, a new,
enterprise-grade Storage as a Service (STaaS) solution. The new
availability enables enterprises to unlock multicloud strategies
with enhanced performance, security and control, by marrying
Equinix's cloud adjacency and Dell's leading storage
solutions.
"Businesses need storage solutions that allow them to be more
agile and get the most out of their hybrid multicloud
architectures," said Merrie
Williamson, Chief Customer and Revenue Officer at
Equinix. "By combining the powerful capabilities of Dell
PowerStore with Equinix's global platform, we are giving
them the low-latency, high-performance connectivity they require
without sacrificing on security or breaking their budget."
The Dell PowerStore on Equinix Metal service offers businesses
an easy way to manage and deploy their storage, computing, and
networking needs worldwide. This service helps reduce the
complexity and costs of running IT operations. It's a dedicated
storage solution designed for environments close to the cloud,
giving customers quick, secure, and scalable access to public cloud
providers through Equinix's numerous data centers. This
means businesses can efficiently connect to the cloud and manage
their infrastructure with less hassle.
Ahead of this year's Datacloud Global Congress 2024 where
its CEO Giordano Albertazzi is set
to join a keynote panel, Vertiv Holdings Co (NYSE: VRT)
launched its new AI hub, featuring the industry's first AI
reference design portfolio for critical digital infrastructure.
The new Vertiv AI Hub offers a variety of helpful resources like
white papers, industry research, and tools. It also includes
information on power and cooling solutions for both new and
existing facilities. Their new design library showcases flexible
cooling and power systems that can handle both current and future
computer chip needs, supporting anywhere from 10 to 140 kilowatts
per rack.
"We are committed to providing deep knowledge, the broadest
portfolio, and expert guidance to enable our customers to be among
the first to deploy energy-efficient AI power and cooling
infrastructure for current and future deployments," said
Albertazzi. "Our close partnerships with leading chipmakers and
innovative data center operators make us uniquely qualified to help
our customers and partners on their AI journey."
Known for being a top company in storing paper documents and
backup tapes, Iron Mountain Incorporated (NYSE: IRM) is
expanding its data center network by opening a new data
center in Toronto, Canada.
The new facility is designed to support growth in its online backup
services, Connected Backup and LiveVault, which provide automated
backups for desktop PCs and specializes in server backups,
respectively.
"In addition to opening the data center in Canada, Iron Mountain Digital is
actively broadening its global data center presence and in the
process of opening a series of data centers outside of the U.S. and
Canada, to better support our
customers wherever they do business," said John Clancy, president of Iron Mountain
Digital, the technology arm of Iron Mountain. "We've had
a growing demand from our customers worldwide for data protection
solutions and services."
AI Data Cloud company Snowflake Inc. (NYSE: SNOW)
recently released its financial results for Q1 2025, which
included a 33% year-over-year growth in revenue, and a net revenue
retention rate of 128%. The growth numbers came shortly ahead of
Snowflake CEO Sridhar
Ramaswamy's scheduled fireside chat at the company's
6th annual Snowflake Data Cloud Summit
2024 alongside NVIDIA Founder and CEO Jensen Huang.
"We finished our first quarter with strong performance across
many of our key metrics," said Ramaswamy in the Q1 2025 financials
report. "Product revenue was up 34% year-over-year at nearly
$790 million, while remaining
performance obligations were $5.0
billion, up 46% year-over-year. Our core business is very
strong. Our AI products, now generally available, are generating
strong customer interest."
As of the financial results release, Snowflake has 485
customers with trailing 12-month product revenue greater than
$1 million, and 709 Forbes Global
2000 customers. Snowflake also announced its intent to
acquire certain technology assets and hire key employees from
TruEra, an AI observability platform. TruEra provides
capabilities to evaluate and monitor large language model (LLM)
applications and machine learning models in production.
Source:
https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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