USA News Group
Commentary
Issued on behalf of Avant Technologies
Inc.
VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of
AI-powered computing steadily on the rise, analysts at Goldman
Sachs Research are projecting that the global data center power
behind this tech boom is poised to more than double by 2030.
However, the catch is that Goldman's teach believes that the
supporting data center load growth will require at least
$50 billion in new power generation
capacity investment to achieve this. Experts are now declaring that
'futuristic AI needs futuristic data centers' in order to achieve
the dreams of developers and end-users. According to
WhaTech, the growth for data centers markets is surging,
projecting the Modular Data Center Market to grow at a CAGR of
17.8% to $55 billion by 2030, while
the Data Center Infrastructure Management Market is set to grow
even faster at a 20.73% CAGR over the same time frame. Behind the
scenes, several players are jockeying for position in the data
center arena, including new developments coming from Avant
Technologies Inc. (OTCQB: AVAI), International Business
Machines Corporation (IBM) (NYSE: IBM), Intel
Corporation (NASDAQ: INTC), Micron Technology, Inc.
(NASDAQ: MU), and Amazon.com, Inc. (NASDAQ: AMZN).
Having established itself as one of the earliest companies to
bring a generative AI to market is Avant Technologies Inc.
(OTCQB: AVAI), which earlier this year expanded its scope for its
flagship AvantAI platform, further enhancing its latest
developments in high-performance data center infrastructure. Now
more recently, Avant has announced its plans to implement
AI-empowered, Zero Trust Architecture (ZTA) across its data center
operations.
"By integrating AI with Zero Trust Architecture, we are creating
a robust and future-proof security framework for our data centers,"
said newly-appointed CEO of Avant, William Hisey. "This combined approach ensures
the highest level of security for our customers' data while
optimizing data center operations for efficiency and
cost-effectiveness. Avant is committed to providing
innovative technology to help businesses optimize data center
operations, improve resource utilization, and enhance
security."
Hisey was named as Avant's new CEO, as he and his
expertise came along with the company's recent acquisition in early
April of privately-held healthcare tech and data integration
services firm, Wired-4-Health, where he spent the last 13
years as CFO. Bringing to Avant his 25 years of experience,
Hisey's mission as the new CEO is to position Avant
financially to continue its AI data center infrastructure
development plans, and the company's overall growth in the
burgeoning AI industry.
"Avant has been methodically building a company that can
compete in the AI space in an area of great need, and I am excited
to join the team at this crucial point in the Company's
development," said Hisey of his appointment.
Also looking to bolster advancement in data management is
International Business Machines Corporation (IBM) (NYSE:
IBM). The computing company has recently made several moves to
enhance the AI and data center experience, expanding its team in
Canada's largest software
development lab, signing an agreement to strengthen Canada's semiconductor industry, and
announcing new storage capabilities through an option called
IBM Storage Assurance.
Recent findings from TechTarget's Enterprise Strategy
Group indicate that 48% of companies plan to boost their IT
budgets in 2024. Concurrently, IBM has observed that
organizations are seeking ways to optimize their spending while
maintaining performance.
"Our research indicates that IT organizations are looking for
greater flexibility in how they acquire and sustain their storage,"
said Simon Robinson, Principal
Analyst at Enterprise Strategy Group, part of
TechTarget. "IBM's Storage Assurance program is
designed to provide ongoing hardware and software upgrades while
also offering budget certainty. With IBM providing this
additional level of support for their storage systems,
organizations can focus on their business priorities."
Industry-leading tech developers Intel Corporation
(NASDAQ: INTC) recently reported their Q1 2024 results, shortly
after announcing the company had built the world's largest
neuromorphic system, code-named Hala
Point. Intel believes they have a serious shot at
competing in the AI chip marketplace, with its Intel Gaudi 3 AI
accelerator.
" Strong innovation across our client, edge and data center
portfolios drove double-digit revenue growth in Intel
Products," said Pat Gelsinger, CEO
of Intel. "With Intel 3 in high-volume production,
leading-edge semiconductors are being manufactured in the U.S. for
the first time in almost a decade and we are on track to regain
process leadership next year as we grow Intel Foundry. We are
confident in our plans to drive sequential growth throughout the
year as we accelerate our AI solutions and maintain our relentless
focus on execution, operational discipline and shareholder value
creation in a dynamic market."
With the advent of Hala Point, Intel aims to support
research for future brain-inspired AI, and to tackle challenges
related to efficiency and sustainability in today's AI rollouts.
Hala Point advances Intel's
first-generation large-scale research system, Pohoiki Springs, with
architectural improvements to achieve over 10 times more neuron
capacity and up to 12 times higher performance.
"The computing cost of today's AI models is rising at
unsustainable rates," said Mike
Davies, Director of the Neuromorphic Computing Lab at
Intel Labs. "The industry needs fundamentally new approaches
capable of scaling. For that reason, we developed Hala Point, which combines deep learning
efficiency with novel brain-inspired learning and optimization
capabilities. We hope that research with Hala Point will advance the efficiency and
adaptability of large-scale AI technology."
Industry leading innovative memory and storage solutions
provider Micron Technology, Inc. (NASDAQ: MU) recently
announced it has began shipping its high-capacity monolithic 32Gb
DRAM die-based 128Gb DDR5 RDIMM memory in speeds up to
5,600 MT/s on all leading server
platforms. The new product delivers more than 45% improved bit
density, up to 22% improved energy efficiency and up to 16% lower
latency over competitive 3DS through-silicon via (TSV)
products.
"With this latest volume shipment milestone, Micron
continues to lead the market in providing high-capacity RDIMMs that
have been qualified on all the major CPU platforms to our
customers," said Praveen
Vaidyanathan, Vice President and General <anager of
Micron's Compute Products Group. "AI servers will now be
configured with Micron's 24GB 8-high HBM3E for GPU-attached
memory and Micron's 128GB RDIMMs for CPU-attached memory to
deliver the capacity, bandwidth and power-optimized infrastructure
required for memory intensive workloads."
The shipment launch came shortly after Micron's
announcement that it became first to production of 200+ layer QLC
NAND in client and data center storage use.
"Micron's 232-layer QLC NAND is a key enabler of our
high-capacity DirectFlash® Module," said Bill Cerreta, General Manager of Hyperscale at
Pure Storage®. "Thanks to Micron's NAND innovation,
Pure Storage can take one more step on its quest to replace
all HDDs in the data center by 2028."
Looking to bolster its data center dominance through its
Amazon Web Services (AWS) subsidiary, Amazon.com,
Inc. (NASDAQ: AMZN) announced its plans to invest $150 billion on data centers that are needed for
the AI boom. Quickly following up on this initiative, AWS
said it plans to invest $11 billion
in the state of Indiana to build
data centers, with the promise of creating at least 1,000 jobs.
"Amazon has long been an important economic partner in
Indiana, and we are excited to
welcome AWS," said Indiana
Governor, Eric Holcomb in a
statement.
The news came right around when AWS announced the general
availability of its Amazon Q, which the company boasts is the most
capable generative AI-powered assistant for accelerating software
development and leveraging companies' internal data. Amazon Q not
only produces highly precise code, but it also carries out testing,
debugging, and features multi-step planning and reasoning
abilities. This allows it to transform (for example, upgrading Java
versions) and implement new code based on developer requests.
"Amazon Q is the most capable generative AI-powered assistant
available today with industry-leading accuracy, advanced agents
capabilities, and best-in-class security that helps developers
become more productive and helps business users to accelerate
decision making," said Dr. Swami Sivasubramanian, Vice President of
Artificial Intelligence and Data at AWS. "Early indications
signal Amazon Q could help our customers' employees become more
than 80% more productive at their jobs; and with the new features
we're planning on introducing in the future, we think this will
only continue to grow."
Source:
https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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