USA News Group News
Commentary
VANCOUVER, BC, April 29, 2024 /PRNewswire/ -- USA News Group News Commentary –
Numerous industries are making the shift towards using Artificial
Intelligence (AI) supercomputers in leveraging powerful computing
systems to address complex challenges, and analyze massive
datasets. According to analysts at Markets and Markets
the AI supercomputer market is projected to grow at a CAGR of 22%
through 2028 to a value of US$3.3
billion. This high level of growth is echoed by
analysts at Technavio, who are projecting nearly 21% growth
through 2027, however, they are seeing the overall supercomputer
market much higher, growing by US$17.6
billion along the way. Several international groups are with
massive investments in the billions to evolve their operations to
include AI supercomputing, including in Denmark, the UK, Japan, the UAE and the USA. Powering this shift behind the scenes are
several tech developers, who this week have been updating the
market with their current developments, including: Avant
Technologies Inc. (OTC: AVAI), NVIDIA Corporation
(NASDAQ: NVDA), Microsoft Corporation (NASDAQ: MSFT),
D-Wave Quantum Inc. (NYSE: QBTS), and Rigetti Computing,
Inc. (NASDAQ: RGTI, RGITW).
The article continued: Moving forward, new regulations and
safeguards are being put into place, as seen in the USA when the Biden
Administration enacted an AI Executive Order to
create new standards for AI safety and security. As well, the
Council of the European Union filed a proposal for the
regulation of harmonized rules on AI in the EU.
Avant Technologies Launches Advanced AI Supercomputing
Network and Expansive Data Solutions
Avant Technologies, Inc. (OTCQB: AVAI)
("Avant" or the "Company"),
an artificial intelligence technology (AI) company specializing in
the development of advanced AI and data center infrastructure
solutions, announced today that it's introducing a state-of-the-art
supercomputing network and comprehensive licensable dataset.
Avant will be collaborating with its technology
partner, Wired4Tech, to launch these pivotal developments,
which are engineered to accelerate AI adoption and innovation
across a broad spectrum of industries.
"Avant's supercomputing network and our
expansive licensable dataset will facilitate significant
advancements in AI- driven 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."
Highlights of Avant's Offerings:
- Versatile AI Dataset: Available from Q3, this dataset
will be regularly updated to support a wide array of AI projects,
providing a solid foundation for development, and reducing the time
to market for AI solutions.
- Dynamic Resource Scaling: The network dynamically
adjusts computing resources to meet real-time demands, maximizing
efficiency and minimizing costs.
- Accelerated AI Processing: Utilizes cutting-edge
distributed computing to dramatically reduce data processing times,
enabling rapid iteration and deployment of AI models.
- Robust Security Measures: Top-tier security protocols
are in place to ensure data integrity and compliance with stringent
regulatory standards.
- Seamless Integration: Designed to integrate smoothly
with existing AI development environments, minimizing disruptions
and simplifying technology adoption.
Avant is committed to advancing the AI landscape by
providing scalable solutions that will benefit diverse sectors
looking to harness the power of artificial intelligence.
CONTINUED… Read this and more news for Avant
Technologies at:
https://equity-insider.com/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
In other industry developments and happenings in the market
this week include:
NVIDIA Corporation (NASDAQ: NVDA) (NEO: NVDA), a global
leader in providing graphics and compute and networking solutions,
recently received an investment of ~US$960 million from Japanese telecommunications
company Softbank to enhance its supercomputing power and to
support an ambitious generative AI (GenAI) strategy.
Generative AI is increasingly being incorporated into products
and services across multiple sectors. A recent projection by
Statista, a research firm based in Germany, predicts that the market for
generative AI in Japan will expand
to approximately $13 billion by 2030,
representing a 17x increase from its size in 2023.
Microsoft Corporation (NASDAQ: MSFT) (NEO: MSFT), a
global leader in developing and supporting software, services,
devises and solutions recently announced it would be investing
$1.5 billion into Abu Dhabi's G42, the leading UAE-based
AI tech holding company, to accelerate AI development and global
expansion.
"Microsoft's investment in G42
marks a pivotal moment in our company's journey of growth and
innovation, signifying a strategic alignment of vision and
execution between the two organizations," said H.H. Sheikh Tahnoon
bin Zayed Al Nahyan, Chairman of
G42. "This partnership is a testament to the shared values
and aspirations for progress, fostering greater cooperation and
synergy globally."
G42 will operate its AI applications and services on
Microsoft Azure, collaborating to offer advanced AI solutions to
global public sector clients and large enterprises. Together,
G42 and Microsoft aim to enhance AI and digital
infrastructure across the Middle
East, Central Asia, and
Africa. This collaboration will
help these regions gain fair access to services that address key
government and business issues, while upholding the highest
standards of security and privacy.
D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum
computing systems, software, and services and the world's first
commercial supplier of quantum computers recently
announced the launch the first fast-anneal feature, available
now on all of D-Wave's quantum processing
units (QPUs) in the LeapTM real-time quantum cloud
service. The fast-anneal feature has been central to
D-Wave's key research achievements, as highlighted in
publications in Nature Physics and Nature, showing how
annealing quantum computing outperforms traditional algorithms in
tackling complex optimization problems.
"Providing direct access to Fast Anneal, which has been at the
heart of D-Wave's recent advancements,
represents a significant step forward in our mission to provide
customers with the resources they need to drive innovation and
achieve extraordinary results," said Dr. Alan Baratz, CEO of D-Wave. "We believe
it will further empower them to build industry-shaping applications
with the most powerful quantum computing environment available
today."
With enhanced control allowing for notably quicker annealing
times than before, this feature enables customers to replicate and
expand upon D-Wave's significant optimization results. Now
widely available, this feature allows users to execute quantum
computations at unprecedented speeds, significantly mitigating
issues like thermal fluctuations and noise that typically disrupt
quantum calculations.
Rigetti Computing, Inc. (NASDAQ: RGTI, RGITW), a pioneer
in full-stack quantum-classical computing, recently
announced the successful completion of its Innovate UK project
with Oxford Instruments to launch one of the first UK-based
quantum computers. The consortium also included the Quantum
Software Lab at the University of
Edinburgh, Phasecraft, and Standard Chartered
Bank, with financial backing from the UK government's Quantum
Technologies Challenge, led by UK Research & Innovation
(UKRI).
"Completing this project, with the end result being a
useful 32-qubit quantum computer, is an exceptional achievement for
all of the project partners," said Dr. Subodh Kulkarni, CEO of Rigetti. "It
takes a world-class team to build and deploy a quantum computer.
The UK has become a world leader in quantum computing technologies,
and we are excited to continue to contribute to its quantum
computing capabilities. Additionally, Rigetti plans to
leverage this experience to continue to develop our UK quantum
computing leadership as we embark on deploying a 24-qubit
Ankaa-class quantum computer at the NQCC's Harwell campus."
Source:
https://equity-insider.com/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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