Tagged high-performance-computing
Alset AI Completes Majority Acquisition of AI Cloud Computing Company Cedarcross Technologies
Strengthening AI Infrastructure Leadership Amidst Increasing Global Demand for High-Performance Computing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Read More
Graid Technology Announces SupremeRAID SE Support for the NVIDIA GeForce RTX 5000 Series, Expanding High-Performance RAID for Workstations
With Support for the NVIDIA® GeForce RTX™ 5090, 5080, 5070 Ti, 5070 and 5060, SupremeRAID™ SE Continues to Push the Boundaries of High-Performance Workstation Storage
Read MoreHigh-Performance Computing Hardware Market to Grow at 13.6% CAGR to 2035, Predicts IDTechEx
A new market report finds the high-performance computing (HPC) hardware market is set for enormous growth driven by the ongoing AI boom, with a market value exceeding half a trillion dollars predicted by 2035.
Read More
TSS, Inc, Relocating and Expanding Factory to Address Accelerating Demand for AI-Enabled Technologies
Increasing facility capacity by more than 60% to a new facility
Tripling capacity to test and validate direct liquid-cooled racks
Power infrastructure to support racks using 3x-5x current power levels, enabling future tech roadmap
New facility expected to begin operations in early 2025 to support new multiyear customer agreement
Alset Capital Inc. Announces AI GPU Contract with a $91.7M Option Signed by Investee Company Cedarcross
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
News Release Highlights:
- Alset investee Cedarcross signs Nvidia H100 GPU server contract for an initial three (3) servers (for a purchase price of $1.37 million), with the customer having an option to acquire an additional 200 servers (for a purchase price of $91.7 million) valid until September 30, 2024.
- Cedarcross achieves approx. $29.7 million cumulative revenue year to date with its high-performance computing ("HPC") server distribution business vertical alone.
- Nvidia's H100 GPU Servers are used in "Transformational AI Training", offering up to "7x higher performance for High Performance Computing applications."1
Alset Capital Inc. Announces Strategic Partnership with AI Data Engineering and Automation Pioneer, NOM NOM AI Inc. by Investee Company Vertex AI Ventures Inc.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Read MoreAlset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
News Release Highlights:
- Alset investee, Cedarcross signs $26 million Nvidia H100 GPU server contract.
- Cedarcross achieves approx. $28 million cumulative revenue year to date with its high-performance computing ("HPC") server distribution business vertical alone.
- Nvidia's H100 GPU Servers are used in "Transformational AI Training", offering up to "7x higher performance for High Performance Computing applications."1
Alset Capital Inc. Closes First Tranche of Previously Announced Non-Brokered Private Placement for Gross Proceeds of $1.41M
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Read More
Alces Flight and Deep Green Announce a Strategic Partnership That Will Drive the Adoption of Highly Sustainable Compute and Data Analytics Resources Across the UK
The collaboration aims to deliver significant carbon reduction by deploying High-Performance Computing and Analytics (HPCA) systems in edge data centres that boast the industry's lowest carbon footprints. Read MoreStrangeworks Commercial Success in Quantum Computing Drives Ecosystem Expansion, Lands $24M Series A
Series A led by Hitachi Ventures, with investment from IBM, and Raytheon Technologies, with follow-on investment from seed investors Lightspeed Venture Partners, Great Point Ventures, and Ecliptic Capital solidifies Strangeworks' trajectory for the next five years. Read More
Starline Computer GmbH and GRAID Technology Inc. Partner to Deliver NVMe Superserver Powered by SupremeRAID™
Starline revolutionizes the German data center market, offers 80TB NVMe superserver powered by SupremeRAID™ for maximum SSD performance, increased productivity, and outstanding ROI. Read More
GRAID and HPC Tech Partner To Lead The Future of High-Performance Computing In Japan
HPC Tech now offers an all-flash storage server powered by GRAID SupremeRAID™, designed to deliver world-class data protection while increasing read and write performance in high-performance applications. Read MoreBacula Systems and Advanced HPC Announce Partnership to Enhance Data Backup and Recovery for High Performance Computing Environments
New partnership benefits HPC clients with high-functionality backup and restore of large and diverse IT environments from a single backup and recovery platform. Read More
Alces Flight Completes Installation of the Kelvin2 High Performance Computing (HPC) Cluster at the Newly Created Northern Ireland HPC (NI-HPC) Research Facility
Queen's University Belfast and Ulster University's joint facility targets six exemplar areas of research and elevating efficiency through Research Software Engineering (RSE) Read More
Alces Flight and Esteem Systems Utilise Dell EMC Hardware to Boost High Performance Computing (HPC) Capability at the MRC- University of Glasgow Centre for Virus Research (CVR)
The latest enhancements to the Centre for Virus Research HPC solution will assist in the continued investigation into key processes in infection biology. Read More
