USA News Group – With the artificial intelligence (AI) revolution seemingly in full swing, big technology companies are investing billions of dollars around the world in the AI ​​data centers needed to make the revolution a reality. According to analysts at Arizton, investment in the U.S. data center construction market alone is expected to reach $47.72 billion by 2029, growing at a CAGR of 11.69% along the way. According to Grand View Research, the global AI infrastructure market is expected to grow even faster at a CAGR of 30.4% from 2024 to 2030 to surpass $1.8 trillion. Behind the scenes, there are a number of technology innovators and developers making big moves to drive the AI ​​revolution, including chip manufacturing giant NVIDIA Corporation (NASDAQ: NVDA), Alset Capital Inc. (TSXV: KSUM), Cisco Systems, Inc. (NASDAQ: CSCO), Vertiv Holdings Co (NYSE: VRT), and Oracle Corporation (NYSE: ORCL).
Alset Capital Inc. (TSXV: KSUM) (OTCPK: ALSCF) recently announced that its portfolio company Cedarcross International Technologies has been awarded a significant new contract for H100 GPU servers from NVIDIA Corporation (NASDAQ: NVDA). The $1.37 million contract sees Cedarcross contracted to distribute three Nvidia H100 HGX 8GPU servers, with the other party having the option to purchase up to 200 additional servers, which could increase the contract value to $91.8 million by September 30, 2024.
To date, Cedarcross has achieved approximately $29.6 million in year-to-date revenue from its high-performance computing (HPC) server delivery business.
“This transaction marks an important milestone for Cedarcross,” said Morgan Good, CEO of Alset. “It significantly increases the company's revenues and highlights our strong partnerships providing access to high performance computing Nvidia GPU servers both in-house and to third parties. Additionally, the distribution vertical strengthens our existing computing leasing business unit, diversifying our service offering and deepening our market penetration.”
In an interview earlier this year, OpenAI CEO Sam Altman emphasized the importance of computing power, suggesting that “compute” will become “the currency of the future.” In line with this vision, Cedarcross is strategically positioned to meet this growing demand by providing access to the world's fastest AI servers, powered by Nvidia's H100 HGX GPUs.
This latest transaction comes on the heels of Alset's recently announced strategic alliance with AI data engineering and automation pioneer NOM NOM AI Inc., another of the firm's investments, Vertex AI Ventures Inc., which aims to provide enterprises with data management tools to improve their clients' business intelligence and innovation capabilities. The collaboration between Vertex and Nom Nom is expected to bring many benefits to future clients. These benefits include improved data observability, insights, machine performance optimization and real-time analytics, especially for those using Alset's portfolio companies' AI computing infrastructure. Nom Nom's expertise in data retention and disposal policies will ensure robust data security and compliance, addressing key concerns in today's digital environment.
“Nom Nom's expertise seamlessly complements our services, enabling us to deliver exceptional value to our clients,” said Niko Kontogiannis, director at Vertex. “By integrating Nom Nom's patent-pending data management technology, we are uniquely positioned to improve data quality, security and infrastructure performance while building long-term client relationships.”
Also collaborating with NVIDIA Corporation (NASDAQ: NVDA) to advance data center access and computing power is Cisco Systems (NASDAQ: CSCO), which recently announced a groundbreaking AI cluster solution in collaboration with the chip manufacturing giant. As part of its Cisco Networking Cloud vision, the security and networking leader's new enterprise-ready solution scales generative AI workloads by combining Cisco's AI-native networking with NVIDIA accelerated computing, AI software and VAST data store, enabling customers to focus on AI-driven innovation and revenue opportunities instead of IT administration.
“Customers often face economic and operational challenges when getting their AI stack up and running. Cisco is committed to making it simpler to deploy and operate AI infrastructure,” said Jonathan Davidson, executive vice president and general manager, Cisco Networking. “Together with NVIDIA, we're delivering an easy-to-deploy, cloud-operated AI stack solution for on-premises deployments, building on the Cisco Networking Cloud Platform's vision for automation and simplicity.”
Vertiv Holdings Co (NYSE: VRT), which declared a new cash dividend in early June, recently launched a new AI hub, aiming to fill the knowledge gap around data center AI deployments and infrastructure. Vertiv's AI hub offers a comprehensive suite of resources, including white papers, industry research, tools, and a power and cooling portfolio for both retrofit and greenfield applications. A standout feature is a new reference design library that provides scalable liquid cooling and power infrastructure supporting chipsets from 10kW to 140kW per rack.
“Vertiv has a history of sharing cutting-edge technology and insights for the data center industry,” said Giordano (Gio) Albertazzi, CEO of Vertiv. “We are committed to providing our deep knowledge, broad portfolio, and expert guidance to help our customers deploy energy-efficient AI power and cooling infrastructure for current and future applications. Our close collaborations with leading chipmakers and innovative data center operators mean we are uniquely positioned to help our customers and partners with their AI adoption.”
In another groundbreaking alignment, Oracle Corporation (NYSE: ORCL) recently announced a strategic partnership with Google Cloud to place data services and network interconnects in the technology giant's data centers. According to the agreement, Google Cloud will house Oracle Cloud Infrastructure's database services and high-speed network interconnects, further simplifying cloud migration and multi-cloud deployments.
“Customers want the flexibility to consume multiple clouds,” said Larry Ellison, Oracle chairman and CTO. “To meet this growing demand, Google and Oracle are seamlessly connecting Google Cloud services with the latest Oracle Database technology. By placing Oracle Cloud Infrastructure hardware in Google Cloud data centers, customers benefit from the best database and network performance.”
Starting in September, we are launching Oracle Database@Google Cloud, which offers best-in-class performance at the same price as OCI, giving customers direct access to Oracle database services running on OCI and hosted in Google Cloud data centers.
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