USA News Group
Commentary
Issued on behalf of Avant Technologies
Inc.
VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been
made already in the ongoing artificial intelligence (AI)
revolution. However, there's clearly none bigger than chipmaking
giant NVIDIA Corporation (NASDAQ: NVDA), which just
surpassed two of its big tech peers to become the most valued
publicly-traded company on the planet. To put it into perspective,
NVIDIA's market cap is currently larger than each of
Europe's largest stock markets,
while lucky investors who bet $1000
on NVIDIA stock just ten years ago would be sitting on an
extra $297,600 today. Now as analysts
are predicting that AI and cryptocurrency could inject $20 trillion into the global economy by 2030, the
best minds in the tech sector are moving their pieces into place to
secure their piece of the pie. Behind the scenes, tech stocks are
optimizing the infrastructure, security, and usability of AI,
including new developments from Avant Technologies Inc.
(OTCQB: AVAI), International Business Machines Corporation
(IBC) (NYSE: IBM), Cloudflare, Inc. (NYSE: NET), and
Accenture plc (NYSE: ACN).
Known as a pioneer in the sector for its innovative AI
technology, Avant Technologies Inc. (OTCQB: AVAI) has
improved its main product, Avant AI™. This sophisticated AI system,
celebrated for its advanced machine and deep learning capabilities,
is adaptable across a wide range of industries.
In a recent strategic development, Avant has signed a
Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a
Florida-based leader in immersible
computer server technology. This agreement allows Avant to
acquire up to 50 cutting-edge immersible computer servers from
FW in a deal valued at $50
million.
"Avant's revolutionary AI software platform is poised to
transform the landscape of data center management," said
William Hisey, CEO of
Avant. "By integrating proprietary machine learning
algorithms with open-source innovations into these servers,
Avant is developing a highly intelligent system designed to
optimize resource allocation, enhance performance, and drive
unprecedented levels of efficiency and automation. This marks the
beginning of a new era for Avant Technologies, positioning
us at the forefront of the supercomputer-driven data center
industry and setting new standards for managing and storing AI
applications."
Flow Wave Immersible AI Supercomputer Servers are
great for heavy AI and machine learning tasks because they have
strong processing power, meaning they can analyze data faster and
more efficiently. Their special cooling technology uses less
energy, saving money and reducing environmental impact. The servers
are also compact and easy to set up, making them ideal for data
centers with limited space. Plus, their design helps them last
longer and require less maintenance.
Avant plans to tackle the challenges of the digital
age by buying up to 50 of these high-performance servers from
Flow Wave. These servers, with their advanced cooling
technology, boost performance and save energy. This deal shows
Avant's dedication to providing top-notch AI infrastructure
and improving efficiency. More details about the transaction will
be shared once a definitive agreement is finalized.
One of the most active tech giants in the AI space is
International Business Machines Corporation (IBC) (NYSE:
IBM), which recently released a new methodology through its IBM
Research® wing called LAB (Large-Scale Alignment for ChatBots),
through an open-source project called InstructLab with its
subsidiary Red Hat®, which IBM acquired for
$34 billion in 2019. The InstructLab
project builds on the LAB technique for a community-driven approach
to language model development through skills and knowledge
training.
As well, IBM has teamed up with WPP and
LinkedIn to launch a new business-to-business (B2B) solution
powered by IBM's AI and data platform watsonx, designed to
reinvent how B2B markets identify and engage clients and prospects
across the buying journey. WPP Open for B2B will help marketers
solve complex B2B marketing challenges, accurately identify and
engage buying groups, and improve clients' return on
investment.
"B2B marketers have been focused on creating truly personalized,
relevant and consistent experiences for buying groups at scale for
years," said Jonathan Adashek,
Senior Vice President of Marketing and Communications at
IBM. "Our collaboration with WPP and LinkedIn
provides real-time, actionable insights that are based on trusted
data. We are excited to create and use these new, powerful and
trusted AI solutions to deliver a force multiplier for B2B
marketing."
Cloud-based security solution provider Cloudflare, Inc.
(NYSE: NET) recently announced the general availability of its AI
Gateway platform, dubbed as a unified interface for managing and
scaling the generative AI workloads of clients. Since its beta
launch in September 2023, AI Gateway
has handled over 500 million requests and is now ready for full
client use.
The general availability release followed upon another
Cloudflare announcement of a collaboration with Hugging
Face, the leading open and collaborative platform for AI
builders, for a one-click-simple global deployment for AI
applications. With its Workers AI platform now generally available,
Cloudflare became the first serverless inference partner
integrated on the Hugging Face Hub for deploying models,
enabling developers to quickly, easily, and affordably deploy AI
globally, without managing infrastructure or paying for unused
compute capacity.
"Workers AI is one of the most affordable and accessible
solutions to run inference," said Matthew
Prince, CEO and co-founder, Cloudflare. "With
Hugging Face and Cloudflare both deeply aligned in
our efforts to democratize AI in a simple, affordable way, we're
giving developers the freedom and agility to choose a model and
scale their AI apps from zero to global in an instant."
Reporting impressive generative AI revenues in its latest Q3
2024 fiscal results has caused shares of Accenture plc
(NYSE: ACN) to jump this week, reporting more than $900 million in generative AI bookings in the
latest quarter alone.
"Our actions to stay laser-focused on the needs of our clients
are clear in our third quarter results," said Julie Sweet, Chair and CEO of Accenture.
"We… achieved two significant milestones this quarter -- with
$2 billion in Generative AI sales
year-to-date and $500 million in
revenue year-to-date -- which demonstrate our early lead in this
critical technology."
Prior to the financial report, Accenture announced its
intent to acquire Italian-based network services company,
Fibermind, which specializes in fiber and mobile 5G networks
deployment, as well as infrastructure engineering services.
Together, Accenture and Fibermind will offer clients
network engineering capabilities, deep industry knowledge, and
technology assets powered by automation, robotics, data and AI.
Prior to its surge into the position as the world's most
valuable publicly-traded company, NVIDIA Corporation
(NASDAQ: NVDA) made a pair of announcements, further cementing its
role in the AI revolution.
The first was the announcement of its NVIDIA Omniverse Cloud
Sensor RTX, a set of microservices that enable physically accurate
sensor simulation to accelerate the development of fully autonomous
machines of every kind, allowing developers to test sensor
perception and associated AI software at scale in physically
accurate, realistic virtual environments prior to real-world
deployment.
The second announcement was the NVIDIA AI Computing by HPE, a
portfolio of AI solutions and joint go-to-market integrations that
enable enterprises to accelerate adoption of generative AI,
co-developed with Hewlett Packard (HP).
"Generative AI and accelerated computing are fueling a
fundamental transformation as every industry races to join the
industrial revolution," said Jensen Huang, Founder and CEO of
NVIDIA. "Never before have NVIDIA and HPE
integrated our technologies so deeply – combining the entire
NVIDIA AI computing stack along with HPE's private
cloud technology – to equip enterprise clients and AI professionals
with the most advanced computing infrastructure and services to
expand the frontier of AI."
All NVIDIA AI Computing offerings by HPE will be
available through a combined marketing strategy involving sales
teams, channel partners, and training. This strategy includes a
global network of system integrators such as Deloitte,
HCLTech, Infosys, TCS, and Wipro. These
integrators will assist enterprises across various industries in
running complex AI workloads.
Source:
https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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