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The Silent Revolution in Data Centers Driven by Artificial Intelligence
Equity Insider Commentary
VANCOUVER, BC, April 16, 2024 /PRNewswire/ — EQUITY INSIDER – Data centers are at the core of what’s powering the ongoing artificial intelligence (AI) boom. With almost every major industry shifting towards AI, massive amounts of new infrastructure will still be needed, in particular data centers. The Data Center Equipment Market is exploding, with analysts at Straits Research projecting it to surpass $164 billion by 2031, growing at a whopping 13.2% CAGR along the way. According to Technavio, 38% of growth in the Data Center Rack PDU Market growth will originate from North America, while surging data center demand is pushing the limits of available workers. Among the innovators helping to bring the AI revolution to life are a mix of innovators, including Avant Technologies Inc. (OTC:AVAI), NVIDIA Corporation (NASDAQ:NVDA) (NEO:NVDA), Intel Corporation (NASDAQ:INTC), Advanced Micro Devices, Inc. (NASDAQ:AMD) (NEO:AMD), and Amazon.com, Inc. (NASDAQ:AMZN) (NEO:AMZN).
AI tech developer, Avant Technologies Inc. (OTC: AVAI) specializes in the development of advanced AI and data center infrastructure solutions. Recently, the company announced that development on its next-generation, AI-driven resource allocation system is now fully underway. This news follows Avant’s February 2024 announcement of its decision to begin enhancing its sophisticated machine and deep learning AI system, Avant AI™, with automated data center resource management for its new high-density compute data center infrastructure. The company’s management team has expressed great satisfaction with the rapid progress made since the announcement.
This new Avant AI™ innovative initiative seeks to harness the power of AI to improve resource use, boost performance, and give businesses unmatched flexibility in their data center operations.
“We are excited about the quick development being made on our groundbreaking AI for intelligent data center management,” said Timothy Lantz, CEO of Avant. “These latest innovations will help our customers unlock new levels of performance and efficiency in their data center operations and achieve success in today’s digital era. We anticipate that Avant‘s AI infrastructure solutions will directly boost our clients’ bottom lines and provide a significant competitive advantage in the marketplace.”
Avant AI™ analyzes data in real-time to foresee future resource requirements, automatically assigns resources, and adjusts to fluctuating workloads. Its multi-layered architecture maintains data quality and reliability as it converts AI suggestions into practical actions. Avant AI™ helps businesses by reducing resource waste, lessening performance delays, speeding up resource expansion, and automating resource distribution, which altogether enhances operational efficiency.
“The demands placed on data centers are constantly evolving,” said Danny Rittman, Chief Information Officer of Avant. “Traditional static provisioning and manual configuration methods struggle to keep pace with dynamic workloads and ever-increasing resource needs. Our AI-driven resource allocation system represents a paradigm shift, promising to revolutionize data center management.”
It’s easy to witness the growth of data centers by looking at leading chipmaker NVIDIA Corporation (NASDAQ: NVDA) (NEO: NVDA), which has seen its Data Center business explode by more than 400% since last year to $18.4 billion in Q4 2024, as reported in its Q4 and FY 2024 results. Key to the growth has been the surging demand for NVIDIA‘s H100 graphics cards that are widely used to power generative AI apps such as OpenAI‘s ChatGPT.
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said Jensen Huang, founder and CEO of NVIDIA. “Our Data Center platform is powered by increasingly diverse drivers — demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. Vertical industries — led by auto, financial services and healthcare — are now at a multibillion-dollar level.”
Back in mid-December 2023, NVIDIA‘s competitor Intel Corporation (NASDAQ:INTC) unveiled its own new data center chip with a focus on AI growth. The company would go on to follow this up by announcing Gaudi 3 availability to original equipment manufacturers (OEMs), including with Dell Technologies, HPE, Lenovo, and Supermicro, serving to broaden Intel’s AI data center market offerings for enterprises.
“Innovation is advancing at an unprecedented pace, all enabled by silicon – and every company is quickly becoming an AI company,” said Pat Gelsinger CEO of Intel. “Intel is bringing AI everywhere across the enterprise, from the PC to the data center to the edge. Our latest Gaudi, Xeon and Core Ultra platforms are delivering a cohesive set of flexible solutions tailored to meet the changing needs of our customers and partners and capitalize on the immense opportunities ahead.”
Companies are aiming to expand their GenAI projects from initial trials to full-scale production. To achieve this, they require accessible solutions based on powerful, cost-effective, and energy-efficient processors, such as the Intel Gaudi 3 AI accelerator. These solutions must also tackle challenges like complexity, fragmentation, data security, and compliance needs.
Not to be left out, Advanced Micro Devices, Inc. (NASDAQ: AMD) (NEO: AMD) also made adjustments back in December 2023, by introducing new AI and Data Center products, including its Instinct MI300X Series accelerator to deliver robust performance for HPC and AI workloads. The MI300X launch was seen as a move that could help the chipmaker to better compete with Nvidia amid the AI boom. Then by early April 2024, AMD announced the expansion of its AMD VersalTM adaptive system on chip (SoC) portfolio, with its newer Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 adaptive SoCs, which bring preprocessing, AI interference, and postprocessing together in a single device for end-to-end acceleration of AI-driven embedded systems.
“The demand for AI-enabled embedded applications is exploding and driving the need for single-chip solutions for the most efficient end-to-end acceleration within the power and area constraints of embedded systems,” said Salil Raje, senior vice president and general manager, Adaptive and Embedded Computing Group, AMD. “Backed by over 40 years of adaptive computing leadership, these latest generation Versal devices bring together multiple compute engines on a single architecture offering high compute efficiency and performance with scalability from the low-end to high-end.”
As of late March 2024, online giant Amazon.com, Inc. (NASDAQ: AMZN) (NEO: AMZN) appears to be going all in on AI-driven data centers, with a $150 billion investment to retain its cloud computing edge over competitors like Microsoft and Google. The biggest headline grabbing element of the giant investment is that one of the largest nuclear power plants in the USA will directly power new Amazon Web Services (AWS) data center. As of the announcement, Amazon’s cloud computing subsidiary was being used by upwards of 1.45 million businesses, according to an internal report.
“We’re expanding capacity quite significantly,” said Kevin Miller, a vice president at AWS. “I think that just gives us the ability to get closer to customers.”
The announcement came within a couple weeks of an announcement by Amazon it would be extending its collaboration between AWS and NVIDIA to advance Generative AI innovation. Included in the extension, the duo plan to integrate Elastic Fabric Adapter (EFA) for petabit-scale networking and Amazon Elastic Compute Cloud (Amazon EC2) UltraCluster for hyper-scale clustering.
“The deep collaboration between our two organizations goes back more than 13 years, when together we launched the world’s first GPU cloud instance on AWS, and today we offer the widest range of NVIDIA GPU solutions for customers,” said Adam Selipsky, CEO at AWS. “Together, we continue to innovate to make AWS the best place to run NVIDIA GPUs in the cloud.”
Source: https://equity-insider.com/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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LONDON, May 16, 2024 /PRNewswire/ — Lendscape, the market-leading provider of commercial finance technology, today announced the launch of Lendscape CONNECT, a revolutionary solution designed to widen access to invoice finance by removing the traditional barriers involved for lenders and their clients.
Lendscape CONNECT brings together open accounting technology and advanced Shadow Ledger functionality to digitalise and automate the invoice finance operations for banks and lenders, driving down costs while providing improved risk control. Available on the award-winning Lendscape platform, the new solution promises to completely remove the burden of month-end reconciliations, saving lenders up to four hours per client each month.
“Invoice finance can be a cashflow lifeline but has been hindered by complex manual processes that can be cumbersome for lenders to manage, and more intrusive for businesses than alternatives like overdrafts and term loans,” said Carolyn Goddard, Head of Product at Lendscape. “With Lendscape CONNECT, we’ve tackled these issues head-on. Our new solution gives lenders secure, direct access to live data from their clients’ accounting systems and a detailed view of the sales ledger that always aligns with their clients’ records. This eliminates time-consuming month-end reconciliations and removes the client burden of manually uploading debtors and invoices.”
Kevin Day, CEO of Lendscape, remarked, “Lendscape CONNECT is a true game-changer, combining the day-to-day simplicity of invoice discounting with the robust risk control typical of factoring. Lenders are now equipped to offer light-touch, non-invasive invoice finance to a wider range of clients, achieving precise, timely risk management without the need for human intervention.” He added, “We expect that this will enable lenders to strike the optimal balance of cost, risk and service in their invoice finance operations, fostering increased adoption and satisfying market demand. Lendscape has a proven track record of leveraging cutting-edge technology to address the challenges facing the industry, and Lendscape CONNECT is a milestone in enabling simpler, data-led financing.”
Key benefits of Lendscape CONNECT include:
- Eliminate month-end reconciliations, saving ~ up to 4hrs per client, per month: Automated synchronisation between the lender’s view of the sales ledger and their clients’, eliminating the need for month-end reconciliations and manual disapprovals.
- All the control, none of the hassle: The control of factoring without the manual intervention. Lendscape CONNECT offers instant access to live financial data from clients’ accounting packages, providing the day-to-day simplicity of invoice discounting with the risk controls normally associated with factoring.
- More clients, enhanced risk management: Advanced Shadow Ledger technology offers comprehensive, invoice and debtor-level visibility. Detailed sales ledgers support improved reporting, a wealth of analysis, and granular, timely risk management at scale.
- Improved client experience: Reduces friction for clients, removing the need for cumbersome month-end reconciliations and manual uploads and providing a transparent view of their funding position through the Lendscape Client Portal.
With features including live data access, automated disapproval calculations, and seamless integration with a breadth of third-party services for enhanced reporting and risk management, Lendscape CONNECT is set to redefine invoice finance.
For more information about Lendscape CONNECT and how it can benefit your business, visit www.lendscape.com/platform/connect.
About Lendscape
Lendscape is the world’s leading technology provider for all forms of secured finance.
With over 45 years of experience and in-depth industry understanding, our dynamic team has designed, developed, and delivered secured lending technology to over 40 markets and some of the worlds’ most prestigious banking and financial services providers.
Lendscape supports a range of working capital and asset finance solutions such as factoring, invoice discounting, supply chain finance, asset-based lending as well as asset finance and many other forms of specialist finance.
To learn more, visit www.lendscape.com.
Media contact:
Iain Gomersall
[email protected]
+44 20 8187 8905
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Industry innovators G-P and ADP announce enhanced partnership
BOSTON, May 16, 2024 /PRNewswire/ — G-P (Globalization Partners), the recognized leader in the global employment market, and ADP, a leading global technology company providing human capital management (HCM) solutions, announce expanded joint efforts to deliver Global Employer of Record, Contractor and Global Payroll Solutions to organizations around the world.
In today’s business landscape, companies are looking beyond borders to scale and grow. Nearly 70% of business leaders say having employees in multiple countries and leveraging the opportunities of global and remote talent is core to their business strategy according to G-P’s 2023 Global Growth Report. However, navigating global growth is complex with laws and regulations surrounding payroll, labor law, tax code and employment practices specific to individual markets.
G-P delivers the industry-leading employer of record solution and global growth platform, combining SaaS-based, AI-powered technology with the largest team of HR and legal experts in the industry. Expanding collaboration, G-P and ADP will help organizations address the complexities of global growth in a way that meets their unique needs; providing best-in-class EOR, contractor and global payroll solutions that are adaptable to the needs and tech stack of individual organizations.
“Adopting G-P’s best-in-class global growth and employer of record solutions along with ADP’s leading global payroll solutions provides customers with unmatched stability and agility that sets a new standard for the global talent experience,” said Nicole Sahin, founder and CEO, G-P.
Leveraging their respective best-in-class HR technologies for hiring, managing and paying global talent, G-P and ADP will work closely together to provide organizations access to solutions designed to alleviate the financial, HR and legal complexities of global expansion and reduce friction in hiring and managing global talent to simplify the global expansion journey for customers.
“ADP supports over a million clients of all sizes and industries across 140 countries. By combining secure and robust technology with flexible and intelligent services, we help our clients operate more efficiently and effectively as they transform their global operations. We are delighted to partner with G-P to help even more organizations in expanding into new markets and managing their global presence,” said Virginia Magliulo, President of Employer Services International at ADP.
About G-P
G-P is the recognized leader of the global employment industry and has delivered world-class global compliance and workforce products designed to meet the needs of growing companies since 2012. G-P’s global growth platform is driven by the G-P Meridian™ Suite of SaaS-based global employment products. G-P helps thousands of customers build and manage teams quickly and compliantly in 180+ countries without navigating legal, tax or HR issues.
G-P: Global Made Possible™
To learn more, please visit: g-p.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog.
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ALMATY, Kazakhstan, May 16, 2024 /PRNewswire/ — In just 6 months after Kazakhstan launched the digital tenge, its Central Bank Digital Currency, over 10 innovative CBDC card services have become available to the country’s population of 20 million. Altyn Bank, Eurasian Bank and Halyk Bank leveraged the Way4 digital payments software system to swiftly join this CBDC project and onboard 72% of early adopters of digital tenge cards. The digital tenge footprint is expanding, with 36 new use cases in its roadmap for 2024 and 2025, according to Kazakhstan’s National Payment Corporation.
Bank customers in Kazakhstan can apply for virtual and plastic CBDC cards and use them for both in-store and e-commerce purchases across Mastercard and Visa global networks. Additionally, they can withdraw cash at ATMs, link their cards to Google Pay, Apple Pay and Samsung Pay, monitor their CBDC card balance and transaction history through mobile banking; and access other related services.
More than 130 countries are actively researching or implementing CBDC. While most CBDC transactions are conducted through web and mobile interfaces, the digital tenge project offers consumers a tangible instrument for CBDC payments.
Kazakhstan’s Digital Tenge project is pursuing several ambitious goals. These include intensifying cross-border trade, launching innovative social and anti-corruption initiatives, and enabling integration between CBDC and non-government DeFi platforms. Way4 powers card issuing and acquiring innovations for many members of the digital tenge ecosystem: Kazakhstan’s National Payment Corporation, Eurasian Bank, Altyn Bank, Halyk Bank, and national postal service Kazpost. Assisted by their partner OW Kazakhstan, three of these payments players integrated their card processing system with the Digital Tenge platform in less than two months.
The successful integration of CBDC cards into Kazakhstan’s payment ecosystem is a testament to the country’s forward-thinking approach and the robustness of its banking infrastructure. Many banks here have long used OpenWay’s Way4 software system to introduce ground-breaking innovations: for example, the first-ever UnionPay cards issued outside of China and the world’s first mobile Visa P2P transfers.
For CBDC issuance and redemption, Kazakhstan’s payment regulator selected R3’s Corda platform. Supported by Way4, Corda, and other technologies, Kazakhstan is strengthening its position on the international economic stage.
For more information about Way4 and its role in CBDC transactions, please visit openwaygroup.com
View original content:https://www.prnewswire.co.uk/news-releases/over-10-innovative-cdbc-card-services-launched-in-six-months-on-openways-way4-system-302146753.html
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