USA News Group News
Commentary
Issued on behalf of Avant Technologies
Inc.
VANCOUVER, BC, May 16, 2024 /PRNewswire/ -- USA News Group News Commentary –
Across the globe, the artificial intelligence (AI) data center
revolution is already underway and rapidly gaining momentum.
Responding to the AI industry's thirst for more data centers,
private equity firms are rushing to build out the necessary
infrastructure, but experts warn this thirst can't be satisfied.
The rising data center demand also comes with heavier demand on
electricity and mined metals such as copper. However, while new
data centers are being built everywhere, several developers are
improving things behind the scenes to make them more efficient,
with recent developments coming from tech companies
including: Avant Technologies Inc. (OTC: AVAI),
DigitalBridge Group, Inc. (NYSE: DBRG), SBA
Communications Corporation (NASDAQ: SBAC), GDS Holdings
Limited (NASDAQ: GDS), and Arista Networks, Inc. (NYSE:
ANET).
The article continued: According to Astute Analytica, the
booming Global Data Center Market is expected to hit US$792.3 billion by 2032. New estimates are
projecting that American AI data centres may use as much energy as
new US solar farms produce. As the demand for power continues to
escalate, there's been growing speculation about the possibility of
nuclear-powered data centers emerging in the future.
Avant Technologies to Revolutionize Data Center Management
with Proprietary AI Software Platform
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, today announced an ambitious plan to
develop a cutting-edge, proprietary AI software platform to power
its next-generation data centers. This advanced platform will
leverage machine learning algorithms to analyze data, predict
resource needs, and make real-time resource allocation decisions,
ushering in a new era of intelligent and autonomous data center
management.
Avant is developing an AI platform specifically
designed to address the unique challenges and opportunities of data
center management. The platform will be built on proprietary
machine-learning algorithms developed in-house. Avant plans
to assess popular open-source frameworks such as TensorFlow,
PyTorch, and Keras to complement and expedite
development, and ensure compatibility with various AI tools and
libraries.
The suite of software tools being developed by Avant will
enable comprehensive data management and automation. These tools
will handle the complexities of data center operations, including
data ingestion, cleaning, transformation, and storage. Through
these tools, Avant aims to streamline data ingestion,
maintain data quality, and enable seamless integration with the AI
platform. This will help efficiently manage the vast amounts of
real-time data Avant's data center, which is currently in
development, will generate.
In addition, Avant is also creating software to translate
AI recommendations into actionable insights and automate the
resource allocation process. This will optimize resource
utilization, enhance performance, and minimize human intervention.
To further enhance the platform, Avant plans to develop
machine learning tools to monitor and visualize data center
performance and resource utilization, which will enable proactive
issue detection, predictive maintenance, and continuous
optimization of future data center operations.
"Avant's groundbreaking AI software platform represents a
significant breakthrough in data center management." said
William Hisey, CEO of Avant.
"By combining proprietary machine learning algorithms with
open-source innovation, Avant is building an intelligent
system that will optimize resource allocation, enhance performance,
and unlock new levels of efficiency and automation. This marks a
new era for Avant Technologies, leading the industry to
shape the future of AI-powered data centers specifically tailored
to store and manage AI applications."
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:
DigitalBridge Group, Inc. (NYSE: DBRG), a leading global
alternative asset manager dedicating to investing in digital
infrastructure, warns that data centers will run out of
power in two years. Speaking at his company's Q1 2024
earnings conference call, DigitalBridge CEO,
Marc Ganzi doubled down on his
previous statement made in 2022, where he said power for data
centers would run out in five years. At $10
million per megawatt, the company anticipates more than
$20 billion in capital expenditure in
the upcoming years.
"We're kind of running out of power in the next 18 to 24
months," said Ganzi. "If you think about how much power remains on
the US grid, we're down to less than 7GW on the US grid, we're
probably down to less than 2.8 to 3GW in Europe."
SBA Communications Corporation (NASDAQ: SBAC), a leading
independent owner and operator of wireless communications
infrastructure including towers, buildings, rooftops, distributed
antenna systems (DAS) and small cells, is scheduled to have
its President and CEO Brendan
Cavanagh speak this coming Monday at the 52nd
Annual JP Morgan Global Technology, Media and Communications
Conference.
The Conference is set to kickoff shortly after the release of a
new report of the African tower industry structure, examining
the role of the independent tower industry in propelling the
expansion of connectivity across the African continent. The report
was conducted by Telecom Advisory Services as was
commissioned by SBA Communications which operates in
Tanzania.
"The development of the African wireless industry over the past
two decades has been remarkable," said researcher, Dr Raúl Katz.
"Our research highlights the crucial role of the independent tower
industry in driving this growth and underscores the need for
supportive regulatory frameworks to unlock its full potential."
GDS Holdings Limited (NASDAQ: GDS), a leading developer
and operator of high-performance data centers in China and South East
Asia, has also announced it will report its Q1 2024
unaudited financial results before the open of the US market next
Wednesday. With a history of outperforming analyst
forecasts and beating the odds, the GDS financial
reports are eagerly anticipated by the market.
The company is coming off of recently appointing its COO
Jamie Khoo as the CEO of
DigitalLand Holdings Limited, the holding company for
GDS's international data center assets and operations. As
well, GDS is coming off of a landmark equity raise worth
US$587 million for
DigitalLand Holdings.
"I am delighted to announce this landmark capital raising which
is a big step forward in our strategy to obtain dedicated financing
for the development of our international business on a standalone
basis," said Mr. William Huang,
Chairman and CEO of GDSH and Chairman of GDSI in a
statement with the fundraising. "This equity issue benchmarks the
significant value which we have created for our shareholders. We
look forward to additional achievements by our international
business, further emulating our success in China."
Arista Networks, Inc. (NYSE: ANET), an industry leader in
data-driven, client to cloud networking for large data center/AI,
campus and routing environments, recently saw its earnings top
estimates, leading to a new $1.2
billion stock buyback. The company's latest strong revenues
have led Arista's CEO to declare the company as
positioning itself as the "pure-play networking innovator" for the
emerging AI and client-to-cloud computing paradigm.
"Amidst all the network consolidation, Arista is looking
to establish ourselves as the pure-play networking innovator, for
the next era, addressing at least a $60
billion TAM in data-driven client-to-cloud AI networking,"
said Jayshree Ullal, CEO of
Arista Networks during her company's earnings call. During
the Q1 2024 earnings call, Arista Networks reported revenue
of $1.57 billion for a 16%
year-over-year gain, and highlighted several key technology
initiatives aimed at establishing networking architectures
optimized for the unique demands of AI and cloud workloads.
Source:
https://equity-insider.com/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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