USA News Group News
Commentary
VANCOUVER, British Columbia,
April 29,
2024 /PRNewswire/ -- USA News Group News Commentary –
Demand for new AI Data Centers which are powering the rise of such
popular AI platforms as OpenAI's ChatGPT is being grossly
underestimated according to analysts at this year's Bloomberg
Intelligence summit. The ongoing generative AI boom is kicking
off a rush for new data centers, and the providers of the
infrastructure behind them. With this boom comes many challenges
including power supplies and the price of necessary hardware. For 9
of the top 10 US electric utilities, data centers have been the
main source of customer growth, according to analysis made by
Reuters. The booming Global Data Center Market is expected
to hit US$792.3 billion by 2032,
according to Astute Analytica, while analysts at
Christian & Timbers have identified what they believe
will be a 27% increase in AI data center talent demand in 2024 over
2023. Behind the scenes are several developers advancing the data
center surge, who over the last week updated the market with recent
developments, including: Avant Technologies Inc. (OTC:
AVAI), Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) (NEO:
GOOG), Meta Platforms, Inc. (NASDAQ: META) (NEO: META),
Pegasystems Inc. (NASDAQ: PEGA), and Advanced Micro
Devices, Inc. (NASDAQ: AMD).
The article continued: Some experts are raising concerns that
the AI revolution itself could crash the existing supply of data
centers, and create a serious capacity shortage worldwide. All the
while, Fortune is declaring private equity firms as the
early winners in the race to feed AI's infrastructure demands.
Avant Technologies to Implement AI-Empowered, Zero Trust
Architecture in Its Data Centers
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 its plans to implement a
Zero Trust Architecture (ZTA) framework powered by AI within its
data center operations. Avant asserts that this strategic
move is aimed at providing the highest level of security for its
customers' critical data.
"By integrating AI with Zero Trust Architecture, we are creating
a robust and future-proof security framework for our data centers,"
stated William Hisey, Chief
Executive Officer at Avant. "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."
ZTA is a security model that eliminates the concept of inherent
trust within a network. It assumes that all users, devices, and
workloads – regardless of location – must be continuously verified
before granting access to resources. Implementing AI-controlled ZTA
allows Avant to achieve continuous authentication and
authorization, enhanced threat detection and response, dynamic
access controls, and adaptive security policies.
Avant's ZTA implementation aligns seamlessly with
its existing AI-powered data center management focus. The company's
AI technology already provides predictive analytics and
optimization, automated incident response, and enhanced cooling
efficiency.
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:
Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) (NEO: GOOG),
best known as the parent company of Google and
YouTube, recently broke ground on Google's fourth
data center in the Netherlands, as
confirmed by Senior Operations Manager in a LinkedIn post.
Valued at ~US$643 million,
Google says the new data center will create 125 new jobs and
has pledged to prioritize sustainability. The announcement is in
line with the company's commitment to invest billions of dollars in
2024 both inside the USA and
abroad, where they've also announced plans to build a $1 billion data center campus in Kansas City, Missouri, and another
$576-million data center project in
Cedar Rapids, Iowa.
"Organizations and governments in the
Netherlands are increasingly moving to the cloud," said
Google in a statement. "Cloud computing usage has almost
doubled in the Netherlands in the
last five years. The rise in demand is why Google is
investing in digital infrastructure, which helps expand everybody's
access to information."
Meta Platforms, Inc. (NASDAQ: META) (NEO: META), best
known as the parent company of Facebook, WhatsApp and
Instagram, announced plans to "accelerate infrastructure
investments" for AI, including plans to spend billions of dollars
more on servers and data centers. However, the initial response to
the Facebook parent company's plans was not positive.
According to CEO Mark Zuckerberg,
Meta plans to increase spending ahead of generating much
revenue from their new products, reassuring his investors-call
audience that Meta has a strong track record of monetizing
new AI services once they reach scale.
"We anticipate our full-year 2024 capital expenditures will be
in the range of $35-40 billion,
increased from our prior range of $30-37 billion as we continue to accelerate our
infrastructure investments to support our artificial intelligence
(AI) roadmap," said Susan Li, CFO
for Meta Platforms in the quarterly financial report. "While
we are not providing guidance for years beyond 2024, we expect
capital expenditures will continue to increase next year as we
invest aggressively to support our ambitious AI research and
product development efforts."
Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise
AI decisioning and workflow automation platform provider, recently
announced its Q1 2024 financial results, highlighting's the
company's outstanding cash flow and margin expansion in the
quarter.
"The strong cash generation in Q1 demonstrates the power of a
SaaS business," said Ken Stillwell,
COO and CFO of Pegasystems. "Given our financial strength
and differentiated GenAI capabilities, we are in a great position
to accelerate profitable growth."
The financial results came just over a week from the company
introduced its Pega Gena™ Coach, a generative AI-powered
mentor for Pega solutions that proactively advises users to
help them achieve optimal outcomes. Coach analyzes existing
opportunity, lead, contact, and interaction data within Pega Sales
Automation™ and offers suggestions to help overcome barriers in
moving deals forward.
Advanced Micro Devices, Inc. (NASDAQ: AMD), a global
semiconductor company, has credited its decision seven years ago to
discontinue making monolithic datacenter chips in favor of a
chiplet architecture with helping cut global greenhouse gas (GHG)
emissions by tens of thousands of metric tons per year.
"Chiplets not only avoid waste and conserve resources in
manufacturing, but also in the data centers powering the digital
services and experiences we use daily," said Justin Murrill, Director of Corporate
Responsibility for AMD. "Each chiplet houses multiple
processor cores, and different chiplets can be added and even
stacked in a package to create higher-performance and more energy
efficient processors."
AMD's EPYC processors are at the forefront in
powering the most energy-efficient x86 servers available today.
Employing these leading servers significantly reduces the number of
physical servers required to fulfill computing needs. This
reduction has a broad environmental benefit, including decreased
use of raw materials, less manufacturing and shipping, reduced
energy consumption, and minimized data center space requirements.
Such advantages are vital for businesses aiming to upgrade their
data center infrastructure and enhance computational capacity while
actively striving to meet sustainability objectives.
Source:
https://equity-insider.com/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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