Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

WEKA Partners With NexGen Cloud to Democratise AI

Published

on

weka-partners-with-nexgen-cloud-to-democratise-ai

NexGen Cloud’s Hyperstack Platform and AI Supercloud Are Leveraging WEKA’s Data Platform Software To Provide Fast, Affordable, Sustainable On-Demand Solutions for AI Model Training and Inference
CAMPBELL, Calif., Jan. 31, 2024 /PRNewswire/ — WekaIO (WEKA), the AI-native data platform company, announced today that it is partnering with NexGen Cloud, a sustainable infrastructure-as-a-service provider based in the UK, to provide the high-performance infrastructure foundation underpinning its forthcoming AI Supercloud, as well as the on-demand services offered by Hyperstack, NexGen Cloud’s GPUaaS platform.

With a commitment to providing sustainable high-performance computing solutions, NexGen Cloud has built one of the largest fleets of GPUs in the world, powered entirely by renewable energy sources. In September 2023, the company announced plans to create a new $1 billion AI Supercloud with a mission to democratise AI innovation by providing customers with affordable, on-demand access to the world’s most powerful graphics processing units (GPUs).
Rise of the GPU CloudThe explosion of generative AI in the past year is driving extremely high demand for the powerful graphics processing units (GPUs) needed to fuel AI model training and inference. Obtaining the necessary GPUs these performance-intensive workloads require is becoming increasingly challenging as demand outpaces supply. The advanced GPUs needed to support AI workloads at scale can be expensive and complex to manage, creating an insurmountable barrier for many enterprise organizations looking to adopt and advance their enterprise AI initiatives.
At the same time, demand for public cloud resources is exceeding available resources, leaving many companies without a viable solution for AI initiatives. Innovative vendors like NexGen Cloud are now scaling their considerable resources to support the surge in demand for data infrastructure services that can support large-scale AI model training and inference workloads.
According to S&P Global Market Intelligence, the limited supply and rising cost of GPUs will be key drivers for enterprises to explore and adopt GPU cloud infrastructure for their AI projects. “Full-stack as-a-service business models for generative AI will gain traction,” said John Abbott, Principal Research Analyst at S&P Global Market Intelligence. “The ever-rising price of AI-enabled infrastructure is dampening enthusiasm for on-premises deployments, favoring the cloud.”1
Powering the Next Wave of AI InnovationBuilt on the latest state-of-the-art GPU hardware from NVIDIA, NexGen Cloud’s AI Supercloud service will provide an affordable, on-demand, compute-intensive solution for enterprises, research organizations, and governments innovating at the intersection of cloud and AI. The company selected the WEKA® Data Platform to provide the critical software infrastructure required to increase the performance and efficiency of the new accelerated compute service offering.
“When we started building our AI Supercloud solution, we looked at several data platforms and parallel filesystem solutions. The environment’s extreme scale and performance demands quickly removed other vendors from consideration,” said Chris Starkey, cofounder and CEO at NexGen Cloud. “The WEKA Data Platform immediately stood out, not only for its exceptional performance and low latency but also for its ability to maximize the efficiency of our GPU cloud with a hardware-agnostic, innovative software solution. It enabled us to leverage existing hardware investments and power all of our cloud services as efficiently and sustainably as possible, which is core to our mission.”
WEKA’s data platform software provides unparalleled performance and scale to efficiently feed data to large-scale GPU environments, turning stagnant data silos into dynamic data pipelines that seamlessly fuel data-starved GPUs, helping them to run more efficiently and sustainably – and up to 20x faster. With WEKA, NexGen Cloud improves the experience for its customer base by enabling huge quantities of data to be accessed and processed faster regardless of file size, letting them focus their efforts on the algorithms instead of managing the underlying data architecture.
“The WEKA Data Platform is providing NexGen Cloud with the extreme speed and scale we need to power our next-generation GPU environment and help enterprise customers of every stripe run their most demanding AI model training and inference workloads quickly, affordably, and sustainably,” said Starkey. “At the same time, WEKA has been an incredible partner. We’re confident they will grow and innovate with us as we continue to grow and evolve our Hyperstack and AI Supercloud offerings to meet our customers’ future AI requirements.”
“GPU cloud providers like NexGen Cloud will play a critical role in accelerating the next wave of AI innovation,” said Jonathan Martin, president at WEKA. “The WEKA Data Platform helps GPUs to run at peak performance and efficiency, reducing energy consumption and giving customers a much more sustainable way to run enterprise AI workloads – even at extreme scale. We are excited to partner with NexGen Cloud to bring their ambitious AI Supercloud to market and help them to propel the future with democratised access to the world’s most powerful GPUs.”
Learn more about NexGen Cloud’s GPU cloud offerings powered by the WEKA Data Platform: https://www.weka.io/nexgencloud/. See how the WEKA Data Platform can help you optimize your GPUs: https://www.weka.io/resources/solution-brief/get-the-most-out-of-your-gpus/. 
About NexGen CloudNexGen Cloud is a groundbreaking sustainable early-mover in Europe, specialising in building the large-scale HPC and GPU infrastructure necessary for Artificial Intelligence, providing democratised access to high-tier compute for all industries through its flagship platform, Hyperstack. Since its inception in 2020, NexGen Cloud has built one of the largest GPU fleets on the continent, fortified by the ownership of the most in-demand chips in the world, including sought-after NVIDIA H100s, made available on-demand through Hyperstack. NexGen Cloud is on a mission to democratise the accessibility of accelerated compute on a global scale by building a safer, greener, and more affordable cloud. The company’s vision is to become the world’s number one supplier of GPUaaS solutions whilst continuously supporting and expanding future technologies. All of NexGen Cloud’s solutions are built with the aim of tackling three of the main concerns in the current cloud market – cost, transparency, and accessibility. For more information, please visit www.nexgencloud.com.
About WEKAWEKA is the AI-native data platform company that is setting the standard for AI infrastructure with the industry’s only cloud and hardware-agnostic software solution for performance-intensive applications. The WEKA® Data Platform delivers unprecedented performance at scale. It transforms stagnant data silos into dynamic data pipelines that help enterprise AI, ML, and GPU workloads run faster and more efficiently, providing seamless data access on-premises, in the cloud, at the edge, and in hybrid and multicloud environments. WEKA helps hundreds of the world’s leading enterprises and preeminent research organizations overcome complex data challenges to reach discoveries, insights, and outcomes faster – including 11 of the Fortune 50. Learn more at www.weka.io or connect on LinkedIn, X/Twitter, and Facebook.
See why WEKA has been recognized as a Visionary for three consecutive years in the Gartner® Magic Quadrant™ for Distributed File Systems and Object Storage – get the report. 
WEKA and the WEKA logo are registered trademarks of WekaIO, Inc. Other trade names used herein may be trademarks of their respective owners.
1 Source: S&P Global Market Intelligence, Tech Trend in Focus: AI Infrastructure and the GPU Explosion, October 2023.
Photo – https://mma.prnewswire.com/media/2329670/PR_WEKA_NexGen.jpgLogo – https://mma.prnewswire.com/media/1796062/WEKA_v1_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/weka-partners-with-nexgen-cloud-to-democratise-ai-302047590.html

Continue Reading

Artificial Intelligence

ZTE set to bring brilliant 5G-A highlights to MWC 2024, unfolding the intelligent future

Published

on

zte-set-to-bring-brilliant-5g-a-highlights-to-mwc-2024,-unfolding-the-intelligent-future

BARCELONA, Spain, Feb. 23, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions, is proud to unveil the highlights of 5G-A during the Mobile World Congress 2024. This initiative aims to unlock the full potential of 5G technology and create infinite value.

Green Infrastructure Pursuing the Bit-Watt Perfect Curve
Industry’s first constant PA efficiency radio platform for optimal performanceThe latest radio platform achieves near-constant PA efficiency, ensuring optimal performance at all times. This enables 25-30 percentage points higher PA efficiency and 35% lower RRU power consumption than the industry average.  
0 bit 0 watt with industry-first hibernationThe industry’s first hibernation technology has been deployed at scale across over 300,000 AAUs to reduce the power consumption of AAU to as low as 5 watts when there is no traffic. This technology has also been applied to RRU, helping achieve power consumption as low as 3 watts when there is no traffic. For small cells, hibernation enables 0 watts for pRRUs when there is no traffic, and the cell can be awakened in seconds when there are any attempts of service access.
5G-A B2C: Seamless 10Gbps+ Experiences
Uni-Radio enables site simplification with 10 times fewer radios The Uni-Radio (A+P) achieves extremely simplified integration of 7-bands into 1, with dual-band AAU, the industry’s unique 5-band UBR and FDD full-band antenna, achieving a reduction of radio units from 10 to 1.
Industry-unique 12TR RRU goes extremely green, enabling superior energy efficiencyThe industry-unique dual-band 12TR RRU evolves based on a new platform, achieving near-constant PA efficiency. This enables a 35% lower RRU power consumption than the industry average. With the industry’s first RF pooling, the 12TR RRU enables inter-sector output power sharing. For any given sector, 4*120W can be used as 4x160W, achieving higher power efficiency.
Industry’s highest integration FDD Massive MIMO pushes the 4G capacity envelope even furtherThe tri-band FDD Massive MIMO supports all RATs from 2G to 5G and NB-IoT with an impressive 640W output power in only 115L, achieving up to 6 times throughput improvement. Additionally, AI beamforming enhances FDD Massive MIMO performance by 30%, while the industry-unique beam-level DSS optimizes spectrum utilization, achieving an additional 10% data rate gain.  
Industry’s largest bandwidth mmWave AAU empowers 5G-A 10Gbps+ experience The industry’s largest 1.6GHz bandwidth mmWave AAU enables single cell to achieve 28Gbps+ capacity, empowering 10Gbps+ experiences. It serves for diverse scenarios, including fixed wireless access (FWA), large-bandwidth mobile backhaul, and UHD live broadcasting, among others.  
5G-A B2B: Network-Cloud Integration, Service Commissioning in One Hour
UniEngine: All-in-one-box private 5G solution for core productionsUniEngine realizes all-in-one integration of 5G core, 5G RAN, and simplified O&M, while providing powerful computing to enable effortless deployment of 3rd party applications. Enhanced deterministic capabilities of RAN offer much improved service guarantees. The simplified O&M significantly assists even less experienced enterprises in rolling out their private 5G networks and enables end-to-end service performance monitoring.  
Indoor 5G-A CampSite creates new possibilities for TV broadcasting and VR entertainmentThe suitcase-sized CampSite is easy to deploy by one person. It integrates communication and computing, enabling 5G-A network setup within one hour. Additionally, with the inclusion of MiCell, the industry’s first mmWave distributed micro-cell and IF pooling solution, it achieves 2,500m2 coverage, providing up to 6Gbps downlink or 4Gbps uplink, with ultra-low latency of [email protected]% and high reliability. CampSite facilitates new use cases such as 5G-powered TV broadcasting, wireless large-scale and backpack-free VR entertainment, among others.  
5G-A B2X: Boosting the New Economy
Ultra-reliable 5G-A network and edge-cloud integration realize cost-efficient V2X for smart transportationZTE deployed the first 5G-A based vehicle-road-cloud integrated V2X network, empowering autonomous driving and enhancing traffic efficiency. The ultra-reliable network and the edge-cloud at base-station achieve [email protected]% latency, enabling L4 autonomous driving for L2 vehicles at speeds of up to 60km/h.  
5G-A NTN realizes universal connectivity through space-ground integrationZTE has developed the industry’s first NTN ground base station and completed the world’s first 5G IoT-NTN direct-to-cell trial over the S-band as well as the industry’s first maritime trial and NR-NTN lab and field trials. These efforts aim to provide capabilities for emergency communication, wide-area IoT, and internet services.   
Ubiquitous Intelligence: Achieving All-Round High Efficiency
5G-A BBU, the integration of communication and computation for rich AI applications5G-A BBU achieves seamless integration of communication and computation capabilities. Leveraging its computation capability, base-station native AI enhances RAN intelligence, enabling highly efficient service guarantees to boost traffic, implement more precise power-saving strategies, and facilitate L4 autonomous network O&M. By opening the computation resource open to third parties, cost-efficient app deployment at the base station becomes possible, enriching the range of new applications.   
AIGC empowered uSmartNet commercial used during a grand sports event in Asia Based on AIGC and digital twin technology, ZTE’s uSmartNet achieved the industry’s first smart games assurance during the event. This accomplishment resulted in zero major issue and zero major customer complaints, improving operational efficiency by 15% and reducing workload by 30%.
ABOUT ZTE:ZTE helps to connect the world with continuous innovation for a better future. The company provides innovative technologies and integrated solutions, and its portfolio spans all series of wireless, wireline, devices and professional telecommunications services. Serving over a quarter of the global population, ZTE is dedicated to creating a digital and intelligent ecosystem, and enabling connectivity and trust everywhere. ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges. www.zte.com.cn/global
FOLLOW US:Facebook  www.facebook.com/ZTECorpTwitter  www.twitter.com/ZTEPressLinkedIn  www.linkedin.com/company/zteYouTube www.youtube.com/@ZTECorporation
MEDIA INQUIRIES:ZTE CorporationCommunicationsEmail: [email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/zte-set-to-bring-brilliant-5g-a-highlights-to-mwc-2024-unfolding-the-intelligent-future-302069969.html

Continue Reading

Artificial Intelligence

MIAMI INVESTOR SUMMIT KICKS OFF TODAY WITH GLOBAL LEADERS DISCUSSING HUMANITY’S BIGGEST CHALLENGES

Published

on

miami-investor-summit-kicks-off-today-with-global-leaders-discussing-humanity’s-biggest-challenges

MIAMI, Feb. 23, 2024 /PRNewswire/ — Leading figures from finance, government, business, tech, and innovation are convening to deliberate on a range of pressing economic and public policy issues at FII PRIORITY Miami summit, a major global investor summit, held today and tomorrow at Miami’s Faena Forum.

The summit brings together investors from around the world gathered with CEOs of major global corporations and policy experts to seek workable impactful solution to issues such as the regulation of AI. This year’s theme, ‘On the Edge of a New Frontier,’ reflects the profound changes the world is experiencing as technology transforms society and economies.
Richard Attias, CEO of FII Institute, said,”Today’s conversations reflected a sense of urgency as the world grapples with what to do about AI, political uncertainty, and changes in the shape of the global economy. And we bring these conversations to Miami—the new America—so we can chart a steadfast course towards a prosperous future, fully equipped with the insights and knowledge we need, harnessing the power of collective work and thought.”
In his opening conversation, H.E. Yasir Al-Rumayyan, Public Investment Fund Governor and Future Investment Initiative (FII) Institute Chairman, underscored the role of AI and its key contribution to future economies, saying “Al is coming in a big way! The impact will be very positive as soon as we have regulations in place to monitor, control, and enable this technology. AI could increase global GDP by 14%.”
Michael Dell, Chairman and CEO of Dell Technologies, addressed the issue of AI regulation, and how CEOs can innovate through periods of extreme volatility and pivot towards future trends, adding “regulations will struggle to match the rapid pace of technological change and may be outdated within a year. We have to ensure that emerging technologies reflect humanity and our system of values and beliefs.”
The summit’s much anticipated roundtable of global CEOs, entitled the “Board of Changemakers,” discussed trends and economic outlook. Participating in this year’s roundtable were Pamela Liebman, President and CEO of The Corcoran Group; Pierre Beaudion, Chairman of the Board of Bombardier Inc; Jenny Johnson, President and CEO of Franklin Templeton; Marcello Claure, Founder and CEO of Claure Group; and Stephen A. Schwarzman, Co-Founder, Chairman & CEO of The Blackstone Group. The session underscored the impact of digitalization, particularly blockchain and AI, on future investments, advocating for regulation and ethical usage. The members of the board also highlighted AI’s massive role in increasing efficiency and how AI can be harnessed to resolve climate change issues.
Mike Pompeo, 70th Secretary of State of the United States and Executive Chairman of Impact Investments, addressed the economic consequences of conflict, saying: “in the economic sphere, the connectivity between the things happening geopolitically is now ever more closely tied to thinking about investments and capital flows. It is impossible to separate geopolitical risk from capital allocation.”
Conclave sessions were held for select senior participants to delve into the concerns relevant to their sectors with full transparency.  For example, the conclave on AI convened many leading figures involved in the development of technologies, governance of AI, technology investment, and regulation, with a number of global initiatives on AI regulation presented
A special address by former Treasury Secretary Dr. Lawrence H. Summers, Charles W. Eliot University Professor & President Emeritus at Harvard University, and board member at OpenAI, highlighted economic and political contexts, including prospects for soft or hard economic landing, and likely outcomes of the US election. Dr. Summers was joined by Eric Schmidt, co-founder of Schmidt Fututes, who noted that AI is likely to double everyone’s productivity, underscoring the importance of AI regulation, he added “there are questions about what happens when computers start to make decisions.”
FII Institute’s Founding Partner is the Public Investment Fund of Saudi Arabia, which, alongside the Vision Partner, the Ministry of Investment of Saudi Arabia, and 26 international strategic partners are actively involved in the ongoing work of the institute. The FII Institute welcomed two new strategic partners at the summit: ACWA Power and Franklin Templeton. Speakers from strategic partners Franklin Templeton, GFH, HSBC, NEOM, ROSHN, Sanabil, Softbank, and State Street shared updates on their international projects relevant to the themes of the summit.
Notes to EditorFor media inquiries, please contact:Phone: +966 53 978 2030Email: [email protected]
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
The FII PRIORITY Miami summit continues conversations held in Hong Kong and Riyadh in Autumn 2023. It is part of an ongoing global program of summits held throughout the year, with upcoming summits in Rio de Janeiro in June and Asia later in the year.
Photo – https://mma.prnewswire.com/media/2346202/FIII_MIAMI_INVESTOR_SUMMIT.jpgLogo – https://mma.prnewswire.com/media/1811613/4558144/FII_Institute_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/miami-investor-summit-kicks-off-today-with-global-leaders-discussing-humanitys-biggest-challenges-302069882.html

Continue Reading

Artificial Intelligence

Securitas issues a MEUR 500 Eurobond

Published

on

securitas-issues-a-meur-500-eurobond

STOCKHOLM, Feb. 23, 2024 /PRNewswire/ — Securitas has today successfully closed a MEUR 500 bond in the Eurobond market with maturity in 2030. The coupon was 3.875 percent including a margin of 115 basis points.

The proceeds will mainly be used to refinance existing debt. 
The joint lead managers were BofA Securities, CIC, Commerzbank, Danske Bank, DNB and UniCredit. 
Further information:
Investors: Micaela Sjökvist, Vice President, Investor Relations, +46 76 116 7443, [email protected]
The following files are available for download:
https://mb.cision.com/Main/1062/3934748/2624675.pdf
Eurobond_Eng_20240223

View original content:https://www.prnewswire.co.uk/news-releases/securitas-issues-a-meur-500-eurobond-302069855.html

Continue Reading

Trending