Artificial Intelligence
BoardRE Rebrands to “Accept.inc” to Align with Mission to Allow Homebuyers to Pay with Cash So Their Offers are Accepted
Company set to grow Denver, CO headquarters, increasing office space with plans to hire
Top agents and their clients flock to cash offer service that gives homebuyers and sellers certainty during market turmoil and increased competition
DENVER, Oct. 07, 2020 (GLOBE NEWSWIRE) — BoardRE, a fintech lender leveling the playing field for homebuyers by upgrading any offer to an all-cash offer, today announced that it has changed its name to “Accept.inc.” The name change reflects the company’s mission to give buyers a better chance at having their offers accepted and help them become more competitive in a housing market that increasingly presents multi-offer situations.
Accept.inc believes every homebuyer should have equal access to the home of their dreams, without needing hundreds of thousands of dollars in the bank. The value in its service is in enabling homebuyers to make cash offers, giving them a leg up in highly-competitive housing markets and offering them significant discounts off list price in single-offer situations.
“We’re solving a two-sided problem for consumers,” said Adam Pollack, Co-Founder and Chief Executive Officer of Accept.inc. “Home sellers crave the speed and certainty of all-cash deals. Homebuyers can typically afford a loan, but often don’t have the cash to purchase the home outright. Our mission is to give homebuyers a better shot at having their offers accepted and ensure home sellers don’t need to accept anything less than a cash offer for the most important transaction of their lives.”
“We’ve seen it all with our service: from first-time homebuyers beating out more than 20 offers to VA (Veterans Affairs) buyers winning against other cash buyers. Home has never been more important than right now during COVID-19 and, therefore, our commitment to leveling the playing field is even more critical,” said Nick Friedman, Co-Founder and Chief Operating Officer of Accept.inc. “And we believe the new company name better reflects that.”
The company also announced it is expanding its headquarters location in the Cherry Creek neighborhood of Denver, CO. The new location boasts nearly 6,000 square feet of office space and will accommodate the company’s expanding workforce, which has already grown to more than 34 full-time employees (a five-fold increase year-over-year) and will increase further as the company plans to hire in the near-term, including experienced loan officers, transaction managers, software engineers, and more. The company’s founders chose to build and grow their business in Denver not only to support their mission of creating a truly universal cash offer that could serve a wide range of buyers and price points, but also because of its rapidly growing technology and venture ecosystem.
Accept.inc has bought and sold over $100 million worth of homes on its platform and its business is on pace for well over a thousand percent growth year-over-year, making it one of the fastest growing mortgage companies in Colorado. Accept.inc uses its cash to buy homes on behalf of buyers. Once a buyer’s loan with Accept.inc is ready to close, Accept.inc sells the home to them at the price it was purchased for, typically in two weeks or less. Because Accept.inc generates revenue as the mortgage lender, it does not add costs to buyers, sellers, or real estate agents who leverage its cash offer service. In enabling homebuyers to give all-cash offers, Accept.inc also offers homebuyers an average discount off list price three to four times the average discount of buyers submitting mortgage offers in single-offer situations.
“If I can come in with cash and offer the seller a seven-day guaranteed close in the middle of COVID-19, I’m not just winning the deal, but I am locking down the lowest price, building instant equity for my buyers,” said Taylor Wilson, a real estate agent featured recently as part of the #1 producing small team in Denver at Compass. “Once you do this, the value and benefit of a cash offer becomes so clear. This service is spreading like wildfire throughout Denver metro and beyond.”
Homebuyers, sellers, and agents who want to learn more about the power of making cash offers with Accept.inc can visit www.accept.inc.
About Accept.inc
Accept.inc is a fintech lender that seeks to level the playing field for homebuyers by upgrading any offer into an all-cash offer. Accept.inc purchases homes for all cash on behalf of buyers the company has approved for a mortgage. Once the buyer’s loan with Accept.inc is ready to close, it sells the home back to the buyer at the exact same price it bought it for. Accept.inc is currently operating in the state of Colorado. Accept.inc is a Y Combinator-backed company, with the company founders participating in the esteemed accelerator’s Winter 2019 cohort. The company is venture-backed by some of the most notable investors in the U.S., including Global Founders Capital (GFC), DN Capital, Ilya Kirnos (Founding Partner, SignalFire), and Silicon Valley’s 1517 Fund, which is backed by Peter Thiel. For more information go to www.accept.inc.
About Adam Pollack
Mr. Pollack is Co-Founder and Chief Executive Officer of Accept.inc. In this role, he is responsible for shaping the company’s strategy and product development for consumers and valued agent partners. Mr. Pollack participated in the Winter 2019 Y Combinator program for entrepreneurs and won financing by the esteemed accelerator. He was also recently named a Thiel Fellow as part of the prestigious Thiel Fellowship, awarded to young entrepreneurs who leave college to pursue disruptive ventures. Prior to founding Accept.inc, Mr. Pollack was a student at Harvard College, where he pursued a Bachelor of Arts degree in Social Theory and Spanish. Adam is also a licensed loan officer in the states of Colorado and Texas. Mr. Pollack began his entrepreneurial career at a young age, having started a successful cargo transportation business at the age of 11 with his twin brother Benjamin on Fire Island, NY. Their business was the topic of a feature story in the Wall Street Journal in 2012.
About Nick Friedman
Mr. Friedman is Co-Founder and Chief Operating Officer of Accept.inc. In this role, he is responsible for overseeing internal and external business development and managing the company’s lending and purchasing operations. Mr. Friedman participated in the Winter 2019 Y Combinator program for entrepreneurs and won financing by the esteemed accelerator. Prior to founding Accept.inc, Mr. Friedman was a student at Williams College, where he was on the Dean’s List and pursued a bachelor’s degree in Economics and Mathematics before leaving to start Accept.inc. Mr. Friedman is an accomplished TEDx Speaker and also a licensed loan officer in the state of Colorado.
About Ian Perrex
Mr. Perrex is Co-Founder and Chief Technology Officer of Accept.inc. In this role, he is responsible for overseeing the company’s underwriting platform, customer experience, and automation. Prior to joining Accept.inc, Mr. Perrex was the Chief Executive Officer of Oneiros, Inc., a firm he founded in 1994 to provide systems development, research, and consultancy services. In this capacity, Mr. Perrex worked with an esteemed group of clients, including The Gap, Ancestry.com, Orbitz, Fidelity Investments, and Fox Sports, among others. Mr. Perrex is an expert in the field of evolutionary computation and artificial intelligence, as well as engineering design, analysis, and manufacturing. He received a Bachelor of Science degree in Electrical Engineering from the University of Texas in Arlington, TX and a master’s degree in Computer Science with a specialization in Artificial Intelligence from Stanford University in Palo Alto, CA. He is also a licensed loan officer in the state of Colorado.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the company’s control.
Artificial Intelligence
Supermicro’s Rack Scale Liquid-Cooled Solutions with the Industry’s Latest Accelerators Target AI and HPC Convergence
Complete Data Center Liquid-Cooled Solutions Enable AI Factories to be Constructed at Unprecedented Speeds Using the Latest Dense GPU Servers Equipped with the Highest-Performing CPUs and GPUs
SAN JOSE, Calif. and HAMBURG, Germany, May 13, 2024 /PRNewswire/ — International Supercomputing Conference (ISC) — Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is addressing the most demanding requirements from customers who want to expand their AI and HPC capacities while reducing data center power requirements. Supermicro delivers complete liquid-cooled solutions, including cold plates, CDUs, CDMs, and entire cooling towers. A significant reduction in the PUE of a data center is quickly realized with data center liquid-cooled servers and infrastructure, and this can reduce overall power consumption in the data center by up to 40%.
“Supermicro continues to work with our AI and HPC customers to bring the latest technology, including total liquid cooling solutions, into their data centers,” said Charles Liang, president and CEO of Supermicro. “Our complete liquid cooling solutions can handle up to 100 kW per rack, which reduces the TCO in data centers and allows for denser AI and HPC computing. Our building block architecture allows us to bring the latest GPUs and accelerators to market, and with our trusted suppliers, we continue to bring new rack-scale solutions to the market that ship to customers with a reduced time to delivery.”
Supermicro application-optimized high-performance servers are designed to accommodate the most performant CPUs and GPUs for simulation, data analytics, and machine learning. The Supermicro 4U 8-GPU liquid-cooled server is in a class by itself, delivering petaflops of AI computing power in a dense form factor with the NVIDIA H100/H200 HGX GPUs. Supermicro will soon ship liquid-cooled Supermicro X14 SuperBlade in 8U and 6U configurations, the rackmount X14 Hyper, and the Supermicro X14 BigTwin. Several HPC-optimized server platforms will support the Intel Xeon 6900 with P-cores in a compact, multi-node form factor.
Learn more about how Supermicro Rack Scale Integration Services enable you to reduce costs and optimize your data center: https://www.supermicro.com/en/solutions/rack-integration
In addition, Supermicro continues its leadership shipping the broadest portfolio of liquid cooled MGX Products in the industry.. Supermicro also confirms its support for delivering the latest accelerators from Intel with its new Intel® Gaudi® 3 accelerator and AMD’s MI300X accelerators. With up to 120 nodes per rack with the Supermicro SuperBlade®, large-scale HPC applications can be executed in just a few racks. Supermicro will display a wide range of servers at the International Supercomputing Conference, including Supermicro X14 systems incorporating the Intel® Xeon® 6 processors.
Supermicro will also showcase and demonstrate a wide range of solutions designed specifically for HPC and AI environments at ISC 2024. The new 4U 8-GPU liquid-cooled servers with NVIDIA HGX H100 and H200 GPUs highlight the Supermicro lineup. These servers and others will support the NVIDIA B200 HGX GPUs when available. New systems with high-end GPUs accelerate AI training and HPC simulation by bringing more data closer to the GPU than previous generations by using high-speed HBM3 memory. With the incredible density of the 4U liquid-cooled servers, a single rack delivers (8 servers x 8 GPUs x 1979 Tflops FP16 (with sparsity) = 126+ petaflops. The Supermicro SYS-421GE-TNHR2-LCC can use dual 4th or 5th Gen Intel Xeon processors, and the AS -4125GS-TNHR2-LCC is available with dual 4th Gen AMD EPYC™ CPUs.
The new AS -8125GS-TNMR2 server gives users access to 8 AMD Instinct™ MI300X accelerators. This system also includes dual AMD EPYC™ 9004 Series Processors with up to 128 cores/256 threads and up to 6TB memory. Each AMD Instinct MI300X accelerator contains 192GB of HBM3 memory per GPU, all connected with an AMD Universal Base Board (UBB 2.0). Moreover, the new AS -2145GH-TNMR-LCC and AS -4145GH-TNMR APU servers are targeted to accelerate HPC workloads with the MI300A APU. Each APU combines high-performance AMD CPU, GPU, and HBM3 memory for 912 AMD CDNA™ 3 GPU compute units, 96 “Zen 4” cores, and 512GB of unified HBM3 memory in a single system.
At ISC 2024, a Supermicro 8U server with the Intel Gaudi 3 AI Accelerator will be shown. This new system is designed for AI training & Inferencing and can be directly networked with a traditional Ethernet fabric. Twenty-four 200 gigabit (Gb) Ethernet ports are integrated into every Intel Gaudi 3 accelerator, providing flexible and open-standard networking. In addition, 128GB of HBM2e high-speed memory is included. The Intel Gaudi 3 accelerator is designed to scale up and scale out efficiently from a single node to thousands to meet the expansive requirements of GenAI models. Supermicro’s Petascale storage systems, which are critical for large-scale HPC and AI workloads, will also be displayed.
The Supermicro SuperCloud Composer will be demonstrated for the data center management software, showing how, from a single console, an entire data center can be monitored and managed, including the status of all liquid-cooled servers.
Learn more about Supermicro’s presence at ISC 2024 at: https://app.swapcard.com/event/isc-high-performance-2024/exhibitor/RXhoaWJpdG9yXzE1NjYyODE=?
About Super Micro Computer, Inc.
Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions manufacturer with server, AI, storage, IoT, switch systems, software, and support services. Supermicro’s motherboard, power, and chassis design expertise further enable our development and production, enabling next generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names, and trademarks are the property of their respective owners.
SMCI-F
Photo – https://mma.prnewswire.com/media/2410556/Supermicro_AI_HPC_Systems.jpg
Logo – https://mma.prnewswire.com/media/1443241/Supermicro_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/supermicros-rack-scale-liquid-cooled-solutions-with-the-industrys-latest-accelerators-target-ai-and-hpc-convergence-302143091.html
Artificial Intelligence
The Future of AI in Retail Banking Operations
LONDON, May 13, 2024 /PRNewswire/ — Artificial intelligence (AI) has emerged as a key focus for retail banking operations in recent months. Auriemma Group’s latest series of roundtables tackled the ever-growing space, discussing current usage of AI solutions and how members plan to utilize AI to further enhance their offerings.
“There’s a significant amount of interest in AI across all operational areas,” says Nicole Toussaint, Senior Manager of Industry Roundtables at Auriemma. “Although we’re seeing some hesitation in deploying it, I expect we’ll see some big moves by industry players over the coming months.”
Across all operational areas, firms are hoping to leverage AI to assist front-line employees with navigating their knowledge management systems. This would hopefully improve the accuracy of agent work and help to reduce lengthy training periods. Additionally, firms are considering using the tool enterprise-wide to produce meeting minutes and to assist in communications drafting.
In the Collections and Recoveries space, firms hope to use the tool in their contact strategies. Roundtable members believe that AI can make their contact more effective by creating more bespoke strategies. The technology can help firms decide the optimal time to contact customers, the most effective channel to make contact, and the most engaging messaging and content to use.
Fraud Departments see an opportunity to use AI to improve their current fraud detection models to identify bad actors and fraudulent payments more quickly. Several firms have already partnered with vendors who provide AI-powered fraud mitigation tools.
On the Servicing side, firms are discussing improvements to their chatbot offerings. Currently, many chatbots are FAQ-based, but firms believe that AI can revolutionise the chatbot experience and improve satisfaction scores in the channel.
“We see a clear opportunity to leverage AI to provide dynamic call scripting to front-line agents,” says Toussant. “This would take some of the pressure off agents when servicing and allow banks to provide a more tailored, well-informed customer experience.”
In the Disputes and Chargebacks space, one firm is already using an AI-integrated optical character resolution (OCR) tool to read customer documents provided as proof in a disputes case. Many firms hope to use AI to gain efficiencies in the disputes process. They believe that the tool can help guide agent decisions as they work cases by pulling in bank, scheme, and regulatory policies.
Similarly, in the Complaints space, members see an opportunity for AI to help complaints agents while investigating. AI can not only analyse the materials provided by the complainant but also bring in insights from previously decisioned cases and Financial Ombudsman (FOS) decisions. In this process, the technology can also guide the agent in classifying the complaint type. Some also noted that AI could potentially assist agents with drafting final response letters.
This topic is expected to become an evergreen topic at Auriemma Roundtable meetings, especially as firms identify new use cases and as Auriemma brings in experts from the field to drive further thought leadership.
The next set of roundtable meetings are scheduled for June and July at the Edwardian Hotel in Manchester. If you or any of your colleagues are interested in attending as our guests, please contact us via [email protected].
About Auriemma Group
For 40 years, Auriemma’s mission has been to empower clients with authoritative data and actionable insights. Our team comprises recognised experts in four primary areas: operational effectiveness, consumer research, co-brand partnerships and corporate finance. Our business intelligence and advisory services give clients access to the data, expertise and tools they need to navigate an increasingly complex environment and maximise their performance. Auriemma serves the consumer financial services ecosystem from our offices in London and New York City. For more information, visit us at www.auriemma.group.
View original content:https://www.prnewswire.co.uk/news-releases/the-future-of-ai-in-retail-banking-operations-302141978.html
Artificial Intelligence
MSI Highlights Optimized AI Platforms to Accelerate Compute-Intensive Applications at ISC 2024
HAMBURG, Germany, May 13, 2024 /PRNewswire/ — MSI, a leading global server provider, brings its latest server platforms powered by AMD processors and 5th Gen Intel® Xeon® Scalable processors, optimized for HPC and AI markets at ISC 2024, booth #F39 in Hamburg, Germany from May 13-15.
“As businesses increasingly adopt AI applications to improve customer experiences, the need for greater computing power and denser deployments has spurred significant shifts in IT infrastructure, driving a widespread adoption of liquid cooling,” said Danny Hsu, General Manager of Enterprise Platform Solutions. “MSI’s AI server platforms empower businesses to achieve efficiency gains while handling more compute-intensive workloads.”
Diverse GPU Platforms to Enhance Performance for AI Workloads
MSI G4201 is a 4U supercomputer designed for exceptional performance in compute-intensive tasks. It features up to eight double-wide PCIe 5.0 x16 slots optimized for high-performance GPU cards, alongside one single-wide PCIe 5.0 x16 expansion slot. Each GPU has a full PCIe 4.0 or 5.0 x16 link directly to the root port complex of a CPU socket without going through a PCIe switch, granting maximum CPU-to-GPU bandwidth. Powered by dual 5th Gen Intel Xeon Scalable Processors and equipped with 32 DDR5 DIMMs, the G4201 platform delivers outstanding heterogeneous computing capabilities for various GPU-based scientific high-performance computing, Generative AI, and inference applications. Additionally, the system includes twelve 3.5-inch drive bays for enhanced functionality.
The G4101 is a 4U 4GPU server platform designed for AI training workloads. It supports a single AMD EPYC™ 9004 Series processor equipped with a liquid cooling module, along with twelve DDR5 RDIMM slots. Additionally, it features four PCIe 5.0 x16 slots tailored for triple-slot graphic cards with coolers, ensuring increased airflow and sustained performance. With twelve front 2.5-inch U.2 NVMe/SATA drive bays, it offers high-speed and flexible storage options, catering to the diverse needs of AI workloads. The G4101 combines air flow spacing and liquid closed-loop cooling, making it the optimal thermal management solution for even the most demanding tasks.
For small-sized businesses, the liquid-cooled S1102-02 server offers an ideal solution, providing superior thermal performance while optimizing costs. Equipped with a single AMD Ryzen™ 7000 Series processor with liquid cooling support of up to 170W, the system features four DDR5 DIMM slots, one PCIe 4.0 slot, two 10GbE onboard Ethernet ports, and four 3.5-inch SATA hot-swappable drive bays in a compact 1U configuration.
Photo – https://mma.prnewswire.com/media/2407458/MSI_s_Diverse_AI_Server_Platforms_Empower_Businesses_for_Enhanced_Efficiency_and_Performance.jpg
View original content:https://www.prnewswire.co.uk/news-releases/msi-highlights-optimized-ai-platforms-to-accelerate-compute-intensive-applications-at-isc-2024-302139397.html
-
Artificial Intelligence6 days ago
Solar EV Charging to Bypass the Grid: A US$2.5 Billion Market by 2034, Says IDTechEx
-
Artificial Intelligence5 days ago
Körber Pharma and Siemens Take the Lead in ABI Research’s MES Software for Pharmaceutical, Biotechnology, and Cell & Gene Manufacturing Competitive Ranking
-
Artificial Intelligence5 days ago
New Momentum in Pharma Automation: ArisGlobal’s 2024 Industry Survey Report Highlights Surge in AI-Powered Safety & Regulatory Processes
-
Artificial Intelligence5 days ago
Ness Digital Engineering Acquires Intricity – a New York based company specializing in data strategy, governance, modernization, and monetization
-
Uncategorized5 days ago
Smart Waste Management Market to Reach $8.3 billion by 2032 at 15.6% CAGR: Allied Market Research
-
Artificial Intelligence3 days ago
Sanad Announces Strategic Sale Transaction with CFM Materials, Further Fostering Aviation Industry Collaborations
-
Artificial Intelligence3 days ago
Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy
-
Artificial Intelligence6 days ago
Imaging Endpoints Unveils New Initiative with Revolution Endpoints™, an Investment Subsidiary to Accelerate Innovation and Growth