USA News Group
Commentary
Issued on behalf of Avant Technologies
Inc.
VANCOUVER, BC, June 25,
2024 /CNW/ -- USA
News Group – The global economy is witnessing an arms race in
artificial intelligence (AI), which is raising concerns for
national security, and need for government regulation. In
particular, tensions are rising between China and the United
States, in where the US has cited "misuse of AI" by
China, prompting calls for
restrictions. Both governments are also using government subsidies
to spur new advancements. However, China is not taking the threat of restriction
on tech investments lightly, warning the US it's ready to fight
back, taking measures of its own. All the while, the private sector
is continuing its momentum, with big tech giants leading the way in
investing in AI startups, while other developers continue to make
progress of their own with new developments coming recently from
Avant Technologies Inc. (OTCQB: AVAI), Arm Holdings
plc (NASDAQ: ARM), Pegasystems Inc. (NASDAQ: PEGA),
Palantir Technologies Inc. (NYSE: PLTR), and Baidu,
Inc. (NASDAQ: BIDU).
Renowned for its cutting-edge AI innovations, Avant
Technologies Inc. (OTCQB: AVAI) has continued to develop and
enhance its flagship product, Avant AI™. This advanced AI system,
known for its machine and deep learning prowess, is versatile and
applicable to numerous industries.
Recently, Avant made a strategic move by signing a
Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a
leading company in immersible computer server technology based in
Florida. This agreement enables
Avant to purchase up to 50 state-of-the-art immersible
computer servers from FW, in a deal worth $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."
Designed for intensive AI and machine learning tasks, Flow
Wave Immersible AI Supercomputer Servers offer robust
processing power for faster and more efficient data analysis. Their
innovative cooling technology is energy-efficient, saving costs and
minimizing environmental impact. Additionally, these compact
servers are easy to install, making them ideal for data centers
with limited space, and their durable design ensures longevity and
reduced maintenance needs.
To address the challenges of the digital era, Avant plans
to acquire up to 50 of these high-performance servers. Their
advanced cooling capabilities enhance performance while conserving
energy, reflecting Avant's commitment to delivering superior
AI infrastructure and optimizing efficiency. Further details about
the transaction will be provided once the final agreement is
confirmed.
After a recent record-setting rally, the CEO of Arm Holdings
plc (NASDAQ: ARM) says the AI Boom is just beginning. The chip
designer is on pace to launch new AI chips in 2025, according to a
report from Nikkei Asia in May. As per the report,
Arm will set up an AI chip division and aim to build a
prototype by spring 2025. The move is part of SoftBank Group
(which owns a 90% stake in Arm) CEO Masayoshi Son's 10
trillion yen ($64 billion)
push to transform Arm into a sprawling AI powerhouse.
Earlier this June, Reuters reported that Arm
expects 100 billion Arm devices will be ready for AI by the
end of 2025, according Rene Haas,
CEO of Arm at the Computex forum in Taipei. In fact, Haas stated he and his
company aim to gain more than 50% of the Windows PC market. To
date, Microsoft has pledged to support its alternative
technology to Advanced Micro Devices and Intel's x86
technology. To achieve this, the company is developing a
comprehensive suite of software developer tools designed to
facilitate the creation of programs that run on Arm-based
chips.
"Arm's market share in Windows - I think, truly, in the
next five years, it could be better than 50%," said Haas in an
interview with Reuters. "They've (Microsoft) gone way
beyond anything they had (in developer tools) and they really
picked it up in the last couple of years. They are very, very much
committed from a software standpoint."
Leading enterprise AI decisioning and workflow automation
platform provider Pegasystems Inc. (NASDAQ: PEGA) recently
announced an expansion of its Pega GenAI capabilities to connect to
Amazon Web Services (AWS) and Google Cloud's Large
Language Models (LLMs). The new features enable Pega clients
to seamlessly integrate generative AI technologies from AWS
and Google Cloud into their decision-making processes and
workflows within the Pega Platform.
"The generative AI market is evolving rapidly as are generative
AI strategies," said Don Schuerman,
Chief Technology Officer of Pega. "Clients know the best
model for them will depend on a variety of factors, including their
own strategy and infrastructure, effectiveness, performance, speed,
trust, and cost, so having choice is key. The extension of these
relationships underline Pega's commitment to becoming the
workflow backbone for generative AI solutions to enable truly
transformational change for our clients. Our trusted partners play
an important role in helping us to deliver these outcomes."
Enterprises using Pega for generative AI-enhanced
development, engagement, service, and back-to-front office
operations will gain from unified governance, auditability, and
controls across all AI applications within their workflows. Pega
GenAI is accessible to all Pega clients via Pega Cloud.
Data management specialists Palantir Technologies Inc.
(NYSE: PLTR) have recently been announced as a strategic partner
with the US-led global joint venture Starlab Space LLC (Starlab
Space), which involves Voyager Space, Airbus,
Mitsubishi Corporation, and MDA Space. As per the
deal, Palantir will be the exclusive supplier of
enterprise-wide software data management solutions for the
Starlab commercial space station.
Palantir's AI-driven software optimizes space
architecture by providing adaptable solutions from ground to edge,
ensuring resilient and effective space capabilities. Collaborating
with Starlab Space, Palantir will utilize digital
twins and AI to enhance Starlab's operations, optimizing
resource allocation, mission planning, and system performance. This
partnership aims to reduce operational costs, streamline on-board
operations, and extend the lifespan of critical components through
predictive maintenance. Additionally, Ground Predictive Processing
will enhance on-board research by modeling the microgravity
environment and conducting pre-launch analysis.
"Starlab is a commercial leader working to solve some of
the most complex engineering and operational challenges in the
exploration of space," said Alexander C.
Karp, Co-Founder and CEO of Palantir Technologies.
"We could not be more enthusiastic about our partnership as we work
to extend our competitive edge through the provision of decisive
and real-time intelligence around the world and in space."
China's Baidu, Inc.
(NASDAQ: BIDU) recently introduced its AI and Agent-Driven
Innovations at an annual mobile ecosystem event at the end of May,
that the company believes can transform mobile experience. Among
the advancements presented were developments across a range of its
mobile products, including Baidu Search, Baidu Wenku, and the Baidu
App, all seamlessly integrated with LLMs and its proprietary
AI-powered ERNIE agents.
"Agent means productivity," said Jackson
He, Senior Corporate Vice President of Baidu and
General Manager of Baidu's Mobile Ecosystem Group (MEG), in
his keynote speech, dubbed "Making agents accessible to everyone"
at the conference. "[With agents], everyone can create and be
equipped with superpowers. This is an era where everyone has a
chance to rise - everyone can participate and create"
Source:
https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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SOURCE USA News Group