Connect with us
European Gaming Congress 2024

Artificial Intelligence

AI Revolution Sparks Energy Concerns: Can Big Tech Meet Climate Goals?

Published

2 months ago

on

ai-revolution-sparks-energy-concerns:-can-big-tech-meet-climate-goals?

USA News Group Commentary
Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, July 10, 2024 /PRNewswire/ — USA News Group – With the rise of the artificial intelligence (AI) revolution, so too comes a massive increase in energy consumption, drawn by thousands of computers in data centers across the world. According to the International Energy Agency (IEA), global data center electricity demand will more than double from 2022 to 2026, with AI playing a major role in that increase. It’s because of this, there is already skepticism growing over if AI’s insatiable energy demand will jeopardize Big Tech’s climate goals, as it wreaks havoc on global power systems. Working to address these concerns are several players in the AI data center space developing potential solutions, including from Avant Technologies Inc. (OTCQB: AVAI), Tesla, Inc. (NASDAQ: TSLA), Supermicro, Inc. (NASDAQ: SMCI), Digital Realty Trust, Inc. (NYSE: DLR), and Vertiv Holdings Co (NYSE: VRT).

Stepping up to answer one of the major concerns of the AI data center demand issue is Avant Technologies Inc. (OTCQB: AVAI), which recently gave an update of its planned state-of-the-art data centers, outfitted with immersible AI supercomputer servers. Their offering specifically addresses a number of unmet needs in the AI and big data industry’s rapid growth, while also answering key sustainability and infrastructure concerns in the communities they reside in.
“Avant expects to lead the way in providing distributed submerged infrastructure solutions,” said William Hisey, CEO of Avant. “With a commitment to innovation and sustainability, the use of high-performance immersible computer servers allows Avant to address the complex challenges of the digital era with cutting-edge solutions while keeping the communities we operate in satisfied that we are committed to green energy facilities.”
As more data centers are being planned and built, communities throughout the country, where these facilities are being developed, are frustrated by the sheer size of some projects and the amount of power that large- scale centers and campuses require. Avant is set to deliver the ultimate in cost-effective, energy-efficient, high-density supercomputing. Their innovative solutions are designed to meet the current and future needs of AI and big data while maintaining a commitment to eco-friendliness.
Avant’s high-density cloud infrastructure will be tailored to address the increasing performance and storage needs of clients in SaaS, AI, machine learning, and big data across various industries. They plan to develop and construct numerous smaller data centers nationwide. Given that data centers are significant energy consumers, with a hyperscaler’s data center using as much power as 80,000 households, Avant’s strategic approach ensures efficient and scalable solutions.
“Efficient cooling is therefore a crucial driver of a data center’s profitability,” said Hisey. “. “Cooling accounts for some 40% of a data center’s energy consumption. To that end, Avant will take advantage of cooling and energy efficiency technologies to reduce costs for clients and remain energy efficient.
This offering comes after Avant recently entered into a Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a prominent Florida-based firm specializing in immersible computer server technology. The agreement allows for Avant to acquire up to 50 cutting-edge immersible computer servers from FW, in a transaction valued at $50 million.
The concept of cooling with liquids is also being implemented through a joint effort by Tesla, Inc. (NASDAQ: TSLA) and Supermicro, Inc. (NASDAQ: SMCI) for liquid-cooled “Gigafactory” AI data centers. The respective companies’ CEOs Elon Musk and Charles Lian are looking to “lead the liquid cooling technology to large AI data centers,” with Liang estimating the impact of the move “may lead to preserving 20 billion trees for our planet.”
Supermicro’s liquid cooling technology will be implemented in Tesla’s latest cluster, as well as xAI’s similar supercomputer. Supermicro claims direct liquid cooling may offer up to an 89% reduction in electricity costs of cooling infrastructure compared to air cooling. The new expansion to the existing Gigafactory will accommodate 50,000 Nvidia GPUs along with additional Tesla AI hardware to enhance the training capabilities for Tesla’s Full Self-Driving feature.
Another large global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions that’s moving towards liquid cooling is Digital Realty Trust, Inc. (NYSE: DLR). Back in May, Digital Realty announced the availability of groundbreaking liquid-to-chip cooling technology to be available in 170 of its data centers globally. According to the company’s press release, this innovative advancement represents a “significant leap forward in addressing the evolving challenges of managing high-density workloads, particularly in the real of AI and data-intensive applications.”
Digital Realty’s latest offering builds on the company’s standardized high-density colocation services by introducing direct liquid cooling (DLC). This innovation brings liquid directly to customers’ infrastructure, enhancing relevance and versatility to meet the growing demands of emerging AI technologies. Their solution is crafted for flexibility and accessibility, offering deployment options in over half of its data centers globally. Plans are underway to extend support to more locations and utilize existing infrastructure to accommodate emerging AI needs.
“We’re proud to align with our customers in evolving their infrastructure to support this cutting-edge liquid-to-chip technology, enabling them to land and expand their deployments efficiently and redefine what’s possible in the digital age,” said Chris Sharp, Chief Technology Officer of Digital Realty. “With this cutting-edge liquid-to-chip cooling technology, we’re not just setting a new standard for high-density deployment support, we’re revolutionizing the digital infrastructure landscape.”
Another strategy being implemented to address data center energy demands includes the latest from Vertiv Holdings Co (NYSE: VRT) which involves a strategic technology partnership with Ballard Power Systems to support alternative energy usage for data centers. As per the deal, the duo will focus on backup power applications for data centres and critical infrastructures, scalable from 200kW to multiple MWs.
“The unprecedented adoption of artificial intelligence (AI) and high-performance computing (HPC) are driving a need for eco-friendly power solutions for our customers, with a focus on zero-carbon and low-carbon energy alternatives,” said Viktor Petik, Vice President of Vertiv Infrastructure Solutions. “The successful fuel cell proof-of-concept with Ballard provides a viable option for customers strengthening their data center sustainability strategy, and those moving to a future-ready Bring Your Own Power (BYOP) model.”
Vertiv’s Power Module H2 offers a solution for the increasing energy demands of future data centers while ensuring zero GHG emission backup power generation. This prefabricated and factory-tested system provides a rapidly deployable and scalable power infrastructure for new data centers and the ability to retrofit existing sites without redesigning the electrical infrastructure.
At their Delaware, Ohio facility, Vertiv showcased their Power Module H2 solution, which uses industry-ready components. This system integrates two Ballard PowerGen 200kW fuel cell cabinets to power a fully functional decarbonized backup system.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
CONTACT:
USA NEWS [email protected](604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Avant Technologies Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Avant Technologies Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Avant Technologies Inc. which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Avant Technologies Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

View original content:https://www.prnewswire.co.uk/news-releases/ai-revolution-sparks-energy-concerns-can-big-tech-meet-climate-goals-302193785.html

Related Topics:
Continue Reading
Advertisement

Artificial Intelligence

GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA

Published

54 mins ago

on

September 20, 2024

By

geekom-releases-a-perfect-mini-pcs-with-dual-2.5gbps-ethernet-ports-–-geekom-gt1-mega

TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.

One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
Photo – https://mma.prnewswire.com/media/2508472/image_5019393_24175809.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/geekom-releases-a-perfect-mini-pcs-with-dual-2-5gbps-ethernet-ports—geekom-gt1-mega-302253057.html

Continue Reading

Artificial Intelligence

Lucinity Partners with Sift for Unified Fraud and AML Case Management

Published

7 hours ago

on

September 19, 2024

By

lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management

SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.

Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321

View original content:https://www.prnewswire.co.uk/news-releases/lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management-302253487.html

Continue Reading

Artificial Intelligence

Employee Background Check Software Market Size to Grow USD 828.8 Million by 2030 at a CAGR of 4.9% | Valuates Reports

Published

9 hours ago

on

September 19, 2024

By

employee-background-check-software-market-size-to-grow-usd-8288-million-by-2030-at-a-cagr-of-4.9%-|-valuates-reports

BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Employee Background Check Software Market is Segmented by Type (Cloud-Based, On Premises), by Application (SMEs, Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Employee Background Check Software Market was valued at USD 587 Million in 2023 and is anticipated to reach USD 828.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software 
Major Factors Driving the Growth of Employee Background Check Software Market:
The employee background check software market is growing due to increasing demands for secure hiring processes and regulatory compliance, especially in industries such as finance, healthcare, and IT. As companies look to reduce risks associated with fraud, legal liabilities, and workplace safety, background checks are becoming a critical part of recruitment processes. The rise of remote work has further accelerated the need for digital solutions. However, challenges include concerns over data privacy and varying legal frameworks across regions, which may slow adoption in some areas.
Buy Now: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-2A10579&lic=single-user
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET:
Cloud-based background check software is gaining traction due to its scalability, remote access, and cost-effectiveness. With cloud-based systems, businesses can streamline their hiring processes, particularly when operating across multiple locations. The ability to access data and conduct checks in real-time is highly valuable for organizations managing large workforces or remote employees. The flexibility and lower upfront investment of cloud-based solutions make them popular among businesses seeking efficient and adaptable systems for their recruitment processes.
On-premises solutions remain important for organizations with strict security and data control requirements, such as those in government, defense, or finance. These companies often need complete ownership of their data, which on-premises software offers, reducing the risk of external breaches. Although it requires significant upfront investment and maintenance, on-premises software provides a high level of customization and security. It’s especially useful for businesses dealing with sensitive information and industries where compliance with local data protection laws is critical.
Large enterprises, particularly those operating in regulated industries like banking and healthcare, are the major adopters of employee background check software. These organizations deal with large volumes of hires, making streamlined background checks essential for compliance and operational efficiency. The ability to integrate background check systems with existing HR tools, such as applicant tracking systems, allows large companies to manage their recruitment processes more effectively. The need for comprehensive and accurate background checks is crucial for mitigating risk and ensuring legal compliance.
The rise in remote working has increased the demand for background check software that allows companies to vet employees regardless of their location. Digital background checks, particularly cloud-based ones, make it easier for organizations to screen remote workers efficiently. This trend is expected to continue as more companies adopt hybrid or fully remote work models, where geographical barriers no longer restrict talent acquisition but require thorough and remote-friendly verification processes.
As regulatory frameworks for employment practices become more stringent globally, businesses are increasingly relying on background check software to ensure compliance. Laws like the General Data Protection Regulation (GDPR) in Europe and the Fair Credit Reporting Act (FCRA) in the U.S. have made it mandatory for companies to conduct background checks within specific legal parameters. This has led to increased demand for software solutions that can automate these processes while maintaining compliance with regional and international laws.
A major trend in the employee background check software market is the integration of these solutions with human resources management systems (HRMS). Integrating background checks with HR software streamlines the hiring process by consolidating background checks, employee records, and onboarding into one system. This improves operational efficiency for businesses, particularly large enterprises that handle significant recruitment volumes. Integration with HRMS allows for real-time updates, making background screening an even more integral part of the hiring process.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-2A10579/global-employee-background-check-software 
EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET SHARE
North America dominates the market due to stringent employment regulations and widespread adoption across industries. Europe is another key region, driven by GDPR compliance and demand in finance and healthcare. The Asia-Pacific region is experiencing rapid growth due to increasing awareness of the importance of background checks, especially in countries like China and India, where digital hiring platforms are becoming more popular. The market is also expanding in the Middle East and Africa as businesses prioritize secure hiring practices.
Key Companies:
HireRightGoodHireCheckrSterlingHireologyINTELIFIGood EggPeopleG2VitayCertnGlobal HR ResearchVeritable ScreeningXrefZincPaycomADPVICTIGIntelliCorp (Cisive)SpringVerifyAsurintUniversalAssureHireVerified FirstHireSafePurchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software 
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
–  Employer of Record Services market was valued at USD 128.2 Million in 2023 and is anticipated to reach USD 196 Million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
–  Employee Engagement Platform market was valued at USD 805 Million in 2023 and is anticipated to reach USD 2217.4 Million by 2030, witnessing a CAGR of 15.5% during the forecast period 2024-2030.
–  Employee Advocacy Platforms market was valued at USD 533 Million in 2023 and is anticipated to reach USD 1020.8 Million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.
–  Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
–  Employee Productivity Tracking Software market is projected to reach USD 311.8 Million in 2029, increasing from USD 219 Million in 2022, with the CAGR of 5.2% during the period of 2023 to 2029.
–  Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
–  Employee Rewards and Recognition Software Market
–  Employee Productivity Monitoring Software Market
–  Employee Recognition Software market was valued at USD 2247 Million in 2023 and is anticipated to reach USD 4186.4 Million by 2030, witnessing a CAGR of 8.9% during the forecast period 2024-2030.
–  Employee Lockers Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!Valuates [email protected] U.S. Toll-Free Call 1-(315)-215-3225WhatsApp: +91-9945648335Website: https://reports.valuates.comBlog: https://valuatestrends.blogspot.com/Pinterest: https://in.pinterest.com/valuatesreports/Twitter: https://twitter.com/valuatesreportsFacebook: https://www.facebook.com/valuatesreports/YouTube: https://www.youtube.com/@valuatesreports6753https://www.facebook.com/valuateskorean https://www.facebook.com/valuatesspanish https://www.facebook.com/valuatesjapanese https://valuatesreportspanish.blogspot.com/ https://valuateskorean.blogspot.com/ https://valuatesgerman.blogspot.com/ https://valuatesreportjapanese.blogspot.com/ 
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/employee-background-check-software-market-size-to-grow-usd-828-8-million-by-2030-at-a-cagr-of-4-9–valuates-reports-302253435.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending