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The Silent Revolution in Data Centers Driven by Artificial Intelligence

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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 Avants 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 NVIDIAs H100 graphics cards that are widely used to power generative AI apps such as OpenAIs 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, NVIDIAs 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/

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. Equity Insider 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.

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PB Fintech slips 2% after over 8 million shares change hands via block deal

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PB Fintech witnessed a 2% decline in its stock price, reaching Rs 1,313.65 per share, as approximately 8.4 million shares, equivalent to 1.86% of outstanding shares, were exchanged via block deals on the exchanges. By 9:44 AM, the volume surged to 9 million shares collectively on both exchanges, while PB Fintech’s stock price dipped by 0.56% to Rs 1,333 apiece, contrasting with a 0.22% decline in the S&P BSE Sensex.

Executive Share Sales

On May 16, PB Fintech announced that its Chairman and CEO, Yashish Dahiya, alongside Vice Chairman and Whole-time Director, Alok Bansal, intended to sell partial stakes in the company. Dahiya plans to sell up to 5.4 million equity shares, while Bansal aims to divest up to 2.97 million equity shares. Proceeds from the sale will be allocated primarily towards taxes on current and future ESOP exercises.

Following the sale, Dahiya will retain a 4.83% stake, while Bansal will hold a 1.63% stake in PB Fintech on a fully diluted basis. The company clarified that no further share sales are planned by the duo for at least one year.

Company Profile and Financial Performance

PB Fintech is actively involved in providing integrated online marketing and IT consulting services, primarily for the financial services industry, including insurance. The company operates Policybazaar, India’s largest digital insurance marketplace, and Paisabazaar, which offers lending-related services.

In Q4FY24, PB Fintech reported a net profit of Rs 60.19 crore, marking a significant improvement from the Rs 9.34 crore loss in the corresponding period of the previous year. The company’s revenue from operations surged by 25.4% year-on-year to Rs 1,090 crore in Q4 FY24, compared to Rs 869 crore in Q4 FY23.

For the entire fiscal year, PB Fintech’s net profit stood at Rs 64 crore, contrasting with the Rs 488 crore loss in FY23. The company’s consolidated operating revenue rose by 34% year-on-year to Rs 3,437 crore.

Analyst Perspectives

Analysts at Nuvama Institutional Equities raised their FY25/26 Ebitda estimates significantly to accommodate higher growth and improved profitability. However, they maintained a ‘Reduce’ rating on the stock due to its rich valuation, revising their target price to Rs 1,160.

Keynote Capital downgraded PB Fintech’s stock to ‘Reduce’ from ‘Buy’, citing that most of the positives appear to be priced in. Despite acknowledging the company’s positive momentum and profitability, the brokerage believes that current market expectations may be overly optimistic.

PB Fintech continues to navigate its growth trajectory amidst strategic initiatives and evolving market dynamics, as reflected by varying analyst viewpoints.

Source: business-standard.com

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US fintech Yendo secures $165m in mix of debt financing and equity

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Yendo, a prominent fintech company based in the United States, has successfully secured $165 million in funding through a combination of debt financing and equity investment.

Funding Structure

The funding round comprised a mix of debt financing and equity infusion, highlighting investors’ confidence in Yendo’s growth prospects and business model. This significant financial injection underscores Yendo’s position as a key player in the fintech sector.

Investment Highlights

Yendo’s ability to attract such substantial investment underscores its appeal to investors. The company’s innovative approach and strategic positioning within the fintech landscape have positioned it for accelerated growth and market expansion.

Utilization of Funds

The newly raised capital will likely be deployed to fuel Yendo’s expansion initiatives, including product development, market expansion, and strategic acquisitions. The infusion of funds will provide Yendo with the financial resources needed to capitalize on emerging opportunities and consolidate its market position.

Market Impact

Yendo’s successful funding round is expected to have a positive impact on the broader fintech market, signaling investor confidence in the sector’s growth potential. The influx of capital into Yendo reflects the ongoing trend of significant investment activity within the fintech industry, driven by increasing demand for innovative financial solutions.

Source: fintechfutures.com

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Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub

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Commerce Bank, headquartered in Kansas City, USA, has recently activated the FedNow instant payments service as part of its ongoing modernization efforts.

Collaboration with Temenos

Commerce Bank has partnered with Temenos, a leading Swiss vendor, to enhance its real-time payment capabilities. This collaboration builds upon Commerce Bank’s previous deployment of Temenos’ core banking platform in 2022 and its adoption of the Infinity loan origination solution earlier this year.

Utilization of Temenos Payments Hub

Commerce Bank has opted for the Temenos Payments Hub to integrate the FedNow service seamlessly. According to Temenos, this choice aims to amalgamate advanced banking products with cutting-edge delivery methods.

Insight from David Roller

David Roller, CIO of Commerce Bank, views this selection as a strategic step in their modernization journey. He emphasizes the bank’s commitment to meeting the evolving expectations of its customers by leveraging the capabilities offered by the Temenos platform.

Features of the Platform

The Temenos Payments Hub, delivered via Software-as-a-Service (SaaS), offers a comprehensive suite of payment tools and frameworks. These include features like straight-through processing, automated exception handling, cloud security measures, intelligent routing, and customizable workflows.

Leveraging the US Model Bank

In addition to the Temenos Payments Hub, Commerce Bank has also leveraged Temenos’ US Model Bank. This collection of pre-configured banking processes is tailored to address the specific requirements of the US market, further enhancing Commerce Bank’s operational efficiency and customer service.

Source: fintechfutures.com

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