USA News Group News
Commentary
VANCOUVER, BC, April 23,
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) (NEO: NVDA), Microsoft Corporation (NASDAQ:
MSFT) (NEO: 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://usanewsgroup.com/2023/10/26/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://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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