USA News Group
Commentary Issued on behalf of Avant Technologies
Inc.
VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – The rise of generative AI is
currently adding considerable potential for accelerating economic
growth across a wide array of sectors. In order to fully realize
this potential, analysts at ING are highlighting how crucial
investment in data and digital infrastructure will be moving
forward. Citing estimates from Dell'Oro and Bank of America, ING
has pointed out that investments from big tech companies in digital
infrastructure is expected to grow between 15-22% this year alone.
Another report from analysts at SNS Insider are projecting
the AI Infrastructure Market to hit US$222.42 billion by 2030, growing at an
explosive CAGR of 25.5%. Behind the scenes, developments in AI
infrastructure are being made and provided by a variety of tech
companies that include Avant Technologies Inc. (OTCQB:
AVAI), Vertiv Holdings Co (NYSE: VRT), Equinix, Inc.
(NASDAQ: EQIX), Innodata Inc. (NASDAQ: INOD), and
Salesforce, Inc. (NYSE: CRM).
Earlier this year, Avant Technologies Inc. (OTCQB: AVAI)
took a significant step in expanding the capabilities of its
flagship AvantAI platform, reinforcing its position as one of the
first companies to market generative AI. So far, this enhancement
has focused on advancing its high-performance data center
infrastructure to accommodate the latest developments in AI
technology, including the launch of its state-of-the-art
supercomputing network and comprehensive licensable data set. As
per the launch, Avant's platform works in collaboration with
tech partners Wired4Health, which the company would later
acquire and name its former CFO William
Hisey as its new CEO.
"Avant's supercomputing network and our expansive
licensable dataset will facilitate significant advancements in
AIdriven solutions," said Danny
Rittman, Chief Information Officer of Avant of the
launch. "By providing robust computational resources and a rich
dataset, Avant is set to eliminate many of the technical and
financial barriers that have traditionally hampered AI development.
This initiative aims to empower developers with the tools necessary
to create more sophisticated and efficient AI models, driving
progress and innovation in innumerable fields."
Providing even more security for its prospective clients,
Avant Technologies has also announced its plans to implement
AI-empowered, Zero Trust Architecture (ZTA) across its data center
operations. In AI-empowered data centers, Zero Trust Architecture
ensures that all users and devices are continuously authenticated
and verified before accessing network resources.
"By integrating AI with Zero Trust Architecture, we are creating
a robust and future-proof security framework for our data centers,"
said William Hisey, Avant's
newly-appointed CEO. "This combined approach ensures the
highest level of security for our customers' data while optimizing
data center operations for efficiency and cost-effectiveness.
Avant is committed to providing innovative technology to
help businesses optimize data center operations, improve resource
utilization, and enhance security."
Recently, Avant Technologies also expanded its AvantAI™
platform to include smart, proactive monitoring and management for
data centers. AvantAI™ boosts data center efficiency through
real-time monitoring and proactive management, helping to ensure
systems operate continuously and perform optimally. It also uses
extensive data analysis to predict and prevent potential issues and
dynamically adjusts resources to enhance data traffic efficiency
and responsiveness.
Working to further bolster the AI revolution, Vertiv Holdings
Co (NYSE: VRT) saw 60% growth in organic orders of its critical
digital infrastructure and continuity solutions in Q1 2024 compared
to the same time period the year prior, along with 8% higher net
sales.
As well, Vertiv saw a 42% increase in its adjusted
operating profit to $249 million,
compared to Q1 2024, as the company pointed towards continued
acceleration in the data center market, including the deployment of
high-performance compute, and increased velocity in its opportunity
pipeline to orders.
"We are seeing order patterns with longer lead times based on
customer build schedules, largely in 2025 and beyond, suggesting AI
is starting to scale," said Giordano
Albertazzi, CEO of Vertiv. "We are continuing to
advance our portfolio to enable high-density and GPU based
deployments. With our global capacity, the most complete portfolio
of critical digital infrastructure solutions across the entire
thermal and power technology spectrum, vast global service network
and alignment with key technology partners, Vertiv is
uniquely positioned and ready to bring scale and support
development of the entire AI ecosystem."
Digital infrastructure company Equinix, Inc. (NASDAQ:
EQIX) recently announced a joint venture with PGIM Real
Estate for a $600 million project
to develop and operate the first xScale data center in the US,
located in California's Silicon
Valley. Together, Equinix and PGIM had already
successfully opened the first xScale data center in
Australia in 2022, after a similar
US$575 million JV was announced in
2021.
Under the terms of the agreement, PGIM Real Estate will
control an 80% equity interest in the JV, while Equinix will
own the remaining 20% equity interest. Equinix xScale data centers
allow hyperscale companies to expand their core deployments within
Equinix IBX data centers. This setup supports growth across more
than 70 global metros on a unified platform that facilitates direct
interconnections with over 10,000 customers.
The new joint venture, alongside Equinix's existing hyperscale
collaborations in Europe,
Asia-Pacific, and the Americas,
will enhance the global xScale data center portfolio. Once fully
constructed, this expansion will exceed $8
billion across more than 35 facilities, providing over 725
megawatts of power capacity.
Building upon the confidence of one of its existing "Magnificent
Seven" Big Tech customers, Innodata Inc. (NASDAQ: INOD)
recently announced it has been awarded three new large language
model (LLM) development programs, totaling approximately
$20 million of additional
annualized run rate revenue. Before these new awards, the
annualized run rate revenue from the customer was about
$23 million. Innodata
anticipates signing an amendment to its agreement with this
customer that will reflect these awards within the next few weeks.
Work on the newly awarded programs has already started by
Innodata.
"We are very excited to announce this significant expansion,"
saidJack Abuhoff, CEO of Innodata. "Moreover, we anticipate
potential opportunities for further expansion in 2024. The customer
continues to express how our high-quality, large-scale, custom data
results in superior fine-tuning of their LLMs and that their AI
engineering teams greatly value the Innodata
partnership."
Innodata provides large technology companies with
scaled data services for refining LLMs and offers LLM evaluation
services. By the end of 2023, Innodata had secured five of
the top seven major tech firms as clients for its LLM services.
With its own array of big tech allies, Salesforce, Inc.
(NYSE: CRM) recently unveiled its Zero Copy Partner Network, a
global ecosystem of technology and solution providers building
secure, bidirectional zero copy integrations with Salesforce Data
Cloud which integrates both structured and unstructured customer
data into a comprehensive 360-degree view accessible within
Salesforce itself. This integration enables teams to make
informed decisions directly within their workflow.
"In today's digital landscape, companies struggle with islands
of data spread across various systems," said Brian Millham, President and Chief Operating
Officer at Salesforce. "With this global ecosystem of
partners, companies can access all of their data, no matter where
it resides, and unlock the power of all of that data within
Salesforce — creating more personalized customer
interactions and establishing a foundation for trusted AI, in less
time and at lower cost."
The network will feature a list of initial partners that will
include such big names as Amazon Web Services (AWS),
Databricks, Google Cloud, and Snowflake, while
also adding Microsoft. Together, the network partners are
all committed to zero copy integrations with Salesforce that
give customers a secure and cost-effective way to connect and take
action on all of their data.
Source:
https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
CONTACT:
USA NEWS
GROUP
info@usanewsgroup.com
(604)
265-2873
DISCLAIMER: Nothing in this publication should be
considered as personalized financial advice. We are not licensed
under securities laws to address your particular financial
situation. No communication by our employees to you should be
deemed as personalized financial advice. Please consult a licensed
financial advisor before making any investment decision. This is a
paid advertisement and is neither an offer nor recommendation to
buy or sell any security. We hold no investment licenses and are
thus neither licensed nor qualified to provide investment advice.
The content in this report or email is not provided to any
individual with a view toward their individual circumstances.
USA News Group is a wholly-owned
subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been
paid a fee for Avant Technologies Inc. advertising and digital
media from the company directly. There may be 3rd parties who may
have shares Avant Technologies Inc., and may liquidate their shares
which could have a negative effect on the price of the stock. This
compensation constitutes a conflict of interest as to our ability
to remain objective in our communication regarding the profiled
company. Because of this conflict, individuals are strongly
encouraged to not use this publication as the basis for any
investment decision. The owner/operator of MIQ own shares of Avant
Technologies Inc. which were purchased as a part of a private
placement. MIQ reserves the right to buy and sell, and will buy and
sell shares of Avant Technologies Inc. at any time thereafter
without any further notice. We also expect further compensation as
an ongoing digital media effort to increase visibility for the
company, no further notice will be given, but let this disclaimer
serve as notice that all material disseminated by MIQ has been
approved by the above mentioned company; this is a paid
advertisement, and we own shares of the mentioned company that we
will sell, and we also reserve the right to buy shares of the
company in the open market, or through further private placements
and/or investment vehicles. While all information is believed to be
reliable, it is not guaranteed by us to be accurate. Individuals
should assume that all information contained in our newsletter is
not trustworthy unless verified by their own independent research.
Also, because events and circumstances frequently do not occur as
expected, there will likely be differences between any predictions
and actual results. Always consult a licensed investment
professional before making any investment decision. Be extremely
careful, investing in securities carries a high degree of risk; you
may likely lose some or all of the investment.
View original
content:https://www.prnewswire.co.uk/news-releases/exploring-the-surge-in-digital-infrastructure-spending-driven-by-generative-ai-innovations-302138670.html