USA News Group – The global economy is witnessing an artificial intelligence (AI) arms race, raising national security concerns and the need for government regulation. In particular, tensions have risen between China and the United States, with the United States citing China's “misuse of AI” and growing calls for regulation. Both governments are also using government subsidies to promote new advancements. However, China has not taken the threat of regulation of technology investments lightly, warning the United States that it is prepared to fight back and taking measures of its own. Meanwhile, the private sector is maintaining momentum, with major technology companies leading the way in investing in AI startups. Meanwhile, other developers are continuing to make their own advancements, with new developments coming recently from Avant Technologies Inc. (OTCQB: AVAI), Arm Holdings plc (NASDAQ: ARM), Pegasystems Inc. (NASDAQ: PEGA), Palantir Technologies Inc. (NYSE: PLTR) and Baidu, Inc. (NASDAQ: BIDU).
Avant Technologies Inc. (OTCQB: AVAI), known for its cutting-edge AI innovations, continues to develop and enhance its flagship product, Avant AI™. Known for its machine learning and deep learning capabilities, this advanced AI system is versatile and applicable across a variety of industries.
Recently, Avant made a strategic move by entering into a Binding Letter of Intent (BLOI) with Flow Wave, LLC (FW), a Florida-based leader in immersible computer server technology. The agreement allows Avant to purchase up to 50 cutting-edge immersible computer servers from FW, in a transaction valued at $50 million.
“Avant's revolutionary AI software platform is poised to change the game for data center management,” said Avant CEO William Hisey. “By integrating proprietary machine learning algorithms and open source innovation into these servers, Avant is developing highly intelligent systems designed to optimize resource allocation, improve performance, and drive unprecedented levels of efficiency and automation. This marks the beginning of a new era for Avant Technologies, positioning us at the forefront of the supercomputer-driven data center industry and setting a new standard for managing and storing AI applications.”
Flow Wave Immersible AI supercomputer servers are designed for intensive AI and machine learning tasks, providing powerful processing power for faster, more efficient data analysis. Innovative cooling technology is energy efficient, saving costs and minimizing environmental impact. Plus, these compact servers are easy to install, making them ideal for space-constrained data centers, and their durable design ensures a long lifespan and reduced maintenance needs.
To address the challenges of the digital age, Avant plans to acquire up to 50 of these high-performance servers. The advanced cooling capabilities of these servers improve performance while saving energy, reflecting Avant's commitment to delivering a superior AI infrastructure and optimizing efficiency. Further details about the transaction will be provided once the definitive agreement has been finalized.
Following a recent record-breaking stock price rise, the CEO of Arm Holdings plc (NASDAQ: ARM) says the AI boom is just beginning. The chip design company plans to launch a new AI chip in 2025, according to a May report from Nikkei Asia. Arm is reportedly setting up an AI chip division and aims to build a prototype by spring 2025. The move is part of a 10 trillion yen ($64 billion) effort by Masayoshi Son, CEO of SoftBank Group, which owns 90% of Arm, to transform Arm into an AI giant.
Earlier this June, Reuters reported that at the Computex forum in Taipei, Arm CEO Rene Haas predicted that 100 billion Arm devices would be AI-enabled by the end of 2025. In fact, Haas said that the company and its arm are aiming to capture more than 50% of the Windows PC market. To date, Microsoft has committed to supporting Advanced Micro Devices and its own alternative technology to Intel's x86 technology. To achieve this, the company is developing a comprehensive suite of software development tools designed to facilitate the creation of programs that run on Arm-based chips.
“I think Arm's market share in Windows could exceed 50 percent over the next five years,” Haas told Reuters in an interview. “Microsoft is going above and beyond where they've been in the past (in developer tools), and they've been doing it steadily for the last few years. They're working very hard from a software perspective.”
Pegasystems Inc. (NASDAQ: PEGA), a leading enterprise AI decision and workflow automation platform provider, recently announced that it is expanding Pega GenAI capabilities to connect to Amazon Web Services (AWS) and Google Cloud Large Language Models (LLMs). This new capability enables Pega customers to seamlessly integrate AWS and Google Cloud generative AI technologies into decision-making processes and workflows within the Pega Platform.
“The generative AI market is evolving rapidly, as are generative AI strategies,” said Don Schuurman, Pega's chief technology officer. “Having choice is important, as clients know that the best model will depend on a variety of factors, including their unique strategy and infrastructure, effectiveness, performance, speed, reliability, and cost. These expanding relationships underscore Pega's commitment to being the workflow backbone of generative AI solutions that enable truly transformative change for our clients. Trusted partners play a critical role in enabling these outcomes.”
Enterprises using Pega for generative AI-enhanced development, engagement, service, and back-to-front office operations benefit from unified governance, auditability, and control across all AI applications in their workflow. Pega GenAI is accessible to all Pega clients via Pega Cloud.
Palantir Technologies Inc. (NYSE: PLTR), a data management specialist, was recently announced as a strategic partner in Starlabs Space LLC (Starlabs Space), a U.S.-led global joint venture that includes Voyager Space, Airbus, Mitsubishi Corporation and MDA Space. The agreement makes Palantir the exclusive supplier of enterprise-wide software and data management solutions for the Starlabs Commercial Space Station.
Palantir's AI-driven software optimizes space architecture by providing adaptable solutions from ground to edge, ensuring resilient and effective space capabilities. Working with Starlab Space, Palantir will leverage digital twins and AI to enhance Starlab's operations, optimizing resource allocation, mission planning, and system performance. The partnership aims to reduce operational costs, streamline onboard operations, and extend the life of critical components through predictive maintenance. Additionally, Ground Predictive Processing will enhance onboard research by modeling the microgravity environment and conducting pre-launch analysis.
“STARLabs is a commercial leader working to solve some of the most complex engineering and operational challenges in space exploration,” said Alexander C. Karp, co-founder and CEO of Palantir Technologies, Inc. “We couldn't be more enthusiastic about this partnership as we work to increase competitiveness by providing decisive real-time information around the world and in space.”
At its annual mobile ecosystem event in late May, China's Baidu (NASDAQ: BIDU) unveiled AI and agent-driven innovations that it believes can transform the mobile experience. Among the advancements announced was the development of the company's various mobile products, including Baidu Search, Baidu Books and Baidu Apps, all of which seamlessly integrate with the LLM and its proprietary AI-powered ERNIE agent.
“Agents mean productivity,” said Jackson He, Baidu's senior vice president and general manager of Baidu's Mobile Ecosystem Group (MEG), during his keynote address at the conference titled “Making Agents Available to Everyone.”[With agents]It's a time when everyone can create and have superpowers. This is a time when everyone has a chance to rise up and everyone can participate and create.
Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/
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