FOR IMMEDIATE RELEASE
Vancouver, Canada, June 11th, 2024, Chainwire - Leading artificial intelligence company, ceτi AI, is thrilled to announce an expanded purchasing agreement with Cedarcross International Technologies, Inc. This agreement includes the acquisition of three additional high-performance computing (HPC) servers, each featuring 8 NVIDIA H100 Tensor Core GPUs. There is also an option to purchase an additional 200 identical HPC servers. This milestone marks the successful completion of ceτi AI's pilot-scale installation in British Columbia and paves the way for a 25x expansion of the ceτi AI Global Infrastructure Network with increased GPU and server allocation throughout Q3, 2024.
The cutting-edge servers, powered by NVIDIA's top-of-the-line H100 GPUs, are expected to be delivered within approximately 45 days. This upgrade will significantly enhance the network's capacity to support a wide array of AI application development and research. The current pilot installation offers a state-of-the-art solution for web3 protocols, independent development teams, and advanced AI research groups in an 8-server, 64 GPU scalable unit that can be expanded linearly and infinitely.
In addition to the immediate network expansion, the agreement also includes the option to purchase up to 200 identical HPC servers from Cedarcross by September 30th, 2024. This underscores the shared commitment of both companies to sustained growth and technological advancement in the decentralized AI sector. ceτi AI has identified potential hyperscale data center sites for the additional servers in Montreal, New Jersey, and Santa Clara, and is currently securing investment for their acquisition, installation, and initial operation.
Dennis Jarvis, CEO of ceτi AI, expressed his enthusiasm about the collaboration with Cedarcross, stating, "We're witnessing an unprecedented demand from institutional developers, independent researchers, and blockchain protocols for the hardware infrastructure essential to drive the upcoming Age of Artificial Intelligence. Establishing the extensive physical infrastructure for decentralized AI necessitates strong partnerships, top-notch talent, and profound collaboration in pursuit of our shared objectives. We are delighted to partner with Cedarcross, a valued collaborator that embodies all these qualities."
About Cedarcross:
Cedarcross International Technologies Inc. is an affiliate company of Alset Capital Inc., a publicly traded Canadian company listed on the TSX Venture exchange. Cedarcross specializes in providing cost-effective access to cutting-edge, high-performance computing hardware, primarily utilizing NVIDIA's advanced H100 chips.
About ceτi AI:
ceτi AI is a pioneer in the decentralized artificial intelligence (dAI) movement. Committed to innovation and inclusivity, ceτi AI develops globally distributed, high-performance, scalable AI infrastructure aimed at fueling the next era of AI development worldwide. Founded in March of 2024 by industry veterans Dennis Jarvis (CEO), Aaron Smith-Hayes (CTO), Austin Spencer (CFO), and Tony Evans (Chief Strategy Officer).
For more information about ceτi AI and its initiatives, please visit http://taoceti.ai. Follow ceτi AI on X, Telegram, and Discord for the latest updates and community discussions.
Contact:
Dennis Jarvis
CEO, ceτi AI
[email protected]
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