HPC

InspireSemi Announces Final Closing of Private Placement

Retrieved on: 
Tuesday, April 9, 2024
Funding, Exchange, HPC, AI

Investors not resident in the United States were issued SV Units at a price per SV Unit of C$0.15.

Key Points: 
  • Investors not resident in the United States were issued SV Units at a price per SV Unit of C$0.15.
  • Each whole SV Warrant is exercisable for one SV Share at a price per share of C$0.20.
  • Each whole PV Warrant is exercisable for one PV Share at a price per share of $20.00.
  • The Financing has been conditionally approved by the Exchange but remains subject to the receipt of final approval from the Exchange.

Emerging Markets Report: Follow the Leader

Retrieved on: 
Tuesday, April 9, 2024
Diagnosis, Disease, Biomedical Research, Patient, HPC, Health care, Artificial intelligence, NVDA, AI, WELL, A.I, TSX, Inflammatory bowel disease, Love, NVIDIA, Map, AIDX, Medicine, Medical device

ORLANDO, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- For some time now the market has been in love with Nvidia (NVDA), the behemoth stock which has been to say the least, a bell cow for the market. And while we don’t discuss actual share prices in our pages, preferring to focus instead on the items that historically drive favorable valuations, Nvidia’s price appreciation has been remarkable and is, powered by their revenue growth and the public’s attraction to Artificial Intelligence technology.

Key Points: 
  • And we believe that the intersection of Health Care and Artificial Intelligence is the first half of that formula.
  • With NVIDIA, healthcare institutions can harness the power of AI and high-performance computing (HPC) to define the future of medicine.
  • If the revenue trend continues, analysts, partners, and market interests may follow.
  • And HEALWELL is certainly following the leader, acquiring and developing potentially lucrative Healthcare A.I.

DOD AWARDS $272.6 MILLION ENGINEERING SERVICES CONTRACT TO DCCA

Retrieved on: 
Tuesday, April 9, 2024
Partnership, Machine learning, Intelligence community, HPC, Specialization, Artificial intelligence, Engineering, DCCA, IC

ELLICOTT CITY, MD, April 09, 2024 (GLOBE NEWSWIRE) -- Data Computer Corporation of America (DCCA), a veteran-owned information technology and engineering services company, today announced that it was awarded a contract to provide classified, mission-critical engineering services to an Intelligence Community (IC) agency.

Key Points: 
  • ELLICOTT CITY, MD, April 09, 2024 (GLOBE NEWSWIRE) -- Data Computer Corporation of America (DCCA), a veteran-owned information technology and engineering services company, today announced that it was awarded a contract to provide classified, mission-critical engineering services to an Intelligence Community (IC) agency.
  • The $272.6 million single-award contract has a five-year period of performance for support of processing large amounts of data, high-performance computing (HPC) and analytic systems engineering.
  • Under the terms of the contract, DCCA will implement and integrate machine learning and artificial intelligence (AI)-enabled solutions, including providing systems engineering support with a specialization in HPC systems and associated network architectures.
  • Additionally, DCCA will develop Zero Trust security solutions and Infrastructure Optimization for the agency’s cloud-based systems.

Spectra Logic Introduces LumOS Library Management Software with Two New Libraries

Retrieved on: 
Tuesday, April 9, 2024
Research, SAS, Health, Lumos, Longevity, Amazon, Risk, Library, Fibre Channel, Spectra, HPC, Computation, IBM, PB, Spectra Logic, TB, EB, Data management, Family, S3, Computer data storage

Boulder, Colo., April 09, 2024 (GLOBE NEWSWIRE) -- Spectra Logic ®, a global leader in data management and data storage solutions, today announced the introduction of Spectra® LumOS library management software and the addition of two members to its family of enterprise tape storage solutions .

Key Points: 
  • Boulder, Colo., April 09, 2024 (GLOBE NEWSWIRE) -- Spectra Logic ®, a global leader in data management and data storage solutions, today announced the introduction of Spectra® LumOS library management software and the addition of two members to its family of enterprise tape storage solutions .
  • LumOS library management software is the advanced next-generation operating system for managing, monitoring and controlling Spectra tape libraries.
  • The new Spectra TFinity Plus library builds upon the proven capabilities of the venerable Spectra TFinity® ExaScale library to deliver the next level of performance, reliability and scalability.
  • TFinity Plus features include a powerful new library control module and a high-resolution color touchscreen specifically designed to support LumOS library management software.

Global Technology Leader Implements Bridgeline’s AI-Powered HawkSearch

Retrieved on: 
Thursday, April 4, 2024
Telerik, HPC, Marketing, Growth, AI

WOBURN, Mass., April 04, 2024 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of marketing technology software, announced today that a global technology leader has implemented Bridgeline's AI-powered search technology, HawkSearch, to power their site on the Sitefinity platform.

Key Points: 
  • WOBURN, Mass., April 04, 2024 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of marketing technology software, announced today that a global technology leader has implemented Bridgeline's AI-powered search technology, HawkSearch, to power their site on the Sitefinity platform.
  • HawkSearch will enhance the technology company's growth strategy through its AI-powered search bar that offers a more personalized user experience.
  • With HawkSearch, the technology company's online resource hub will become more user-friendly across the globe.
  • Ari Kahn, CEO of Bridgeline, stated, “The technology leader’s selection of HawkSearch is a strong endorsement of our relentless pursuit of AI innovation and excellence.

TeraWulf Announces March 2024 Production and Operations Update   

Retrieved on: 
Tuesday, April 2, 2024
Miner, SVP, HPC, Graphics processing unit, NYISO, Renewable energy

 EASTON, Md., April 02, 2024 (GLOBE NEWSWIRE) --  TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today provided an unaudited monthly production and operations update for March 2024.

Key Points: 
  • “In addition to replacing older generation miners, during March, Lake Mariner implemented third-party firmware across a significant portion of our mining fleet, with initial results indicating a potential 10% efficiency improvement,” said Sean Farrell, SVP of Operations at TeraWulf.
  • Farrell further stated, “Additionally, Lake Mariner continues to actively engage in demand response programs.
  • On average, the mining facilities operated at 95% of their installed nameplate capacity, attributed to proactive demand response participation, performance optimization efforts, and systematic maintenance procedures.
  • Construction of Building 4 (35 MW) at the Lake Mariner facility remains on track to be completed by mid-2024, which is expected to increase TeraWulf’s total operational capacity to approximately 10 EH/s.

GSI Technology Announces Production Release of Two Gemini-I® APU Servers

Retrieved on: 
Tuesday, April 2, 2024
GSI, Database, APU, NAU, Drug discovery, Application layer, HPC, DNA, Artificial intelligence, Cornell University, Northern Arizona University, University of Arizona, Associative property, Gemini, A100, Facial recognition, Video game

SUNNYVALE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), the inventor of the Associative Processing Unit (APU), a paradigm shift in artificial intelligence (AI) and high-performance compute (HPC) processing providing true compute-in-memory technology, today announced the release in production of two high capacity, low power server products.

Key Points: 
  • SUNNYVALE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- GSI Technology, Inc. (Nasdaq: GSIT), the inventor of the Associative Processing Unit (APU), a paradigm shift in artificial intelligence (AI) and high-performance compute (HPC) processing providing true compute-in-memory technology, today announced the release in production of two high capacity, low power server products.
  • The Leda-E and Leda-S boards incorporate the Gemini-I® APU, capable of 1.2 POPs at 80W and 800 TOPs at 40W, respectively.
  • GSI's true compute-in-memory technology has proven differentiated capabilities in large (billion item) database search and high-performance compute applications, such as facial recognition, drug discovery, Opensearch, and object detection and re-identification.
  • Server systems based on GSI’s production Gemini-I APU chip come pre-bundled with an application development compiler and can be further customized with Real-Time Fast Back Projection software or Fast Vector Search support.

InspireSemi Announces Secured Loans and Closing of Private Placement

Retrieved on: 
Monday, April 1, 2024
Creditor, TSX Venture Exchange, Funding, Exercise, Exchange, Loan, Minority, Loan agreement, HPC, AI, Finance Secretary (India), Advance, PV, Security (finance)

The Loans may be repaid by the Company prior to the Maturity Date at the Company’s option.

Key Points: 
  • The Loans may be repaid by the Company prior to the Maturity Date at the Company’s option.
  • The Loans are secured until repayment by a first ranking security granted by general security agreement (and guaranteed by all subsidiaries) on all of the present and future acquired assets of the Company and its subsidiaries.
  • The Company will, subject to the approval of the TSX Venture Exchange (the “Exchange”), issue a total of 48,911 Bonus Warrants to the Lenders.
  • The terms of the Loan Agreement provide that the Company may receive additional secured loans on the same terms up to a maximum amount of US$3,000,000.

Applied Digital Issues $50 Million Unsecured Convertible Debenture to Advance HPC Data Center Project in Ellendale, North Dakota

Retrieved on: 
Monday, April 1, 2024
Negotiation, HPC, Supercomputer, Sale, LLP, United, Security (finance)

The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks.

Key Points: 
  • The convertible debenture bears no interest, has an original issue discount of five percent and has a term of 54 weeks.
  • The Investor has contractually agreed not to short the stock during the term of the note.
  • Concurrently, we continue negotiating our project-level financing to ensure timely project completion and fulfillment of our contractual obligations,” said Applied Digital CFO David Rench.
  • Northland Capital Markets acted as advisor and sole placement agent for the Company on the financing.

OSS to Design and Manufacture New Video Concentrator for U.S. Army 360-Degree Visualization Systems Using the Leading GPU Platform for Embedded Applications

Retrieved on: 
Wednesday, March 27, 2024
Natural language processing, GPU, OSS, HPC, PCI Express, Artificial intelligence, ARM, AI, High Efficiency Video Coding, Software, Machine learning, Telescopic sight

This new video concentrator will be incorporated into the rugged 360-degree visualization compute system that OSS is designing and building for U.S. Army land vehicles, including the Stryker, Bradley and Abrams.

Key Points: 
  • This new video concentrator will be incorporated into the rugged 360-degree visualization compute system that OSS is designing and building for U.S. Army land vehicles, including the Stryker, Bradley and Abrams.
  • This new order expands the company’s scope on the visualization system that OSS originally announced in February 2023.
  • The vehicle visualization system uses OSS PCIe Gen 4 switch fabric technology and the same leading ARM CPU and GPU platform for autonomous machines and embedded applications used in the previously announced system.
  • OSS will work closely with the U.S. Army to deliver prototypes of the new system over the next few months.