OTCQB:AVAI

AI Stocks Targeting Opportunities in the Global Healthcare Market

Retrieved on: 
Wednesday, April 10, 2024

The AI in Healthcare market is projected to grow from USD 20.9 billion in 2024 and reach USD 148.4 billion by 2029.

Key Points: 
  • The AI in Healthcare market is projected to grow from USD 20.9 billion in 2024 and reach USD 148.4 billion by 2029.
  • Betting on healthcare as a key market, Avant Technologies, Inc. (OTCQB: AVAI) just announced the completion of its acquisition of privately-held healthcare technology and data integration services firm, Wired-4-Health.
  • "By helping healthcare companies easily build and manage AI solutions, we're enabling them to harness the full power and potential of generative AI."
  • For investors following AI stocks, the hunt is on for finding the stocks that can harness the power of AI for the next generation of healthcare.

Avant Technologies to Build First AI-Focused Data Center in Milwaukee

Retrieved on: 
Monday, March 25, 2024

Avant's initial data center is set to be built in Milwaukee, Wisconsin.

Key Points: 
  • Avant's initial data center is set to be built in Milwaukee, Wisconsin.
  • Avant expects its state-of-the-art facility to be operational in the first half of 2025.
  • "It has always been part of our strategy to leverage the power of our technology to eventually operate our own data centers.
  • Microsoft is expanding its recent billion-dollar investment with a new data center south of Milwaukee, while Google established a Madison office focused on data center optimization.

Avant Technologies Enters into Negotiations to Acquire Key Player in Healthcare Data Interoperability Services

Retrieved on: 
Wednesday, March 20, 2024

Strengthens Avant's expertise and reputation in handling healthcare, clinical, and financial data.

Key Points: 
  • Strengthens Avant's expertise and reputation in handling healthcare, clinical, and financial data.
  • This will boost the Company's sales and execution capabilities within the healthcare sector, which has become a booming market for AI research, development, and adoption.
  • Creates a well-established and experienced professional services team within Avant, which allows the company to effectively address the increasing needs of both existing and potential customers.
  • This includes expanded professional services, automated data integration, powered by AvantAI®, and enhanced infrastructure through our new high-density compute offerings.

Avant Technologies Promotes Danny Rittman to Chief Information Officer

Retrieved on: 
Thursday, March 14, 2024

LAS VEGAS, March 14, 2024 /PRNewswire/ -- Avant Technologies, Inc. (OTCQB: AVAI) ("Avant" or the "Company"), an artificial intelligence technology (AI) company specializing in developing innovative and advanced AI infrastructure solutions, announces the promotion of Danny Rittman to Chief Information Officer (CIO).

Key Points: 
  • LAS VEGAS, March 14, 2024 /PRNewswire/ -- Avant Technologies, Inc. (OTCQB: AVAI) ("Avant" or the "Company"), an artificial intelligence technology (AI) company specializing in developing innovative and advanced AI infrastructure solutions, announces the promotion of Danny Rittman to Chief Information Officer (CIO).
  • Rittman, who previously served as Avant's Chief Technology Officer (CTO) and later its Chief Information Security Officer (CISO), has successfully leveraged his extensive and diverse background to support the company's growth and evolution in AI development, infrastructure, management, security, and enterprise architecture.
  • Rittman expressed his excitement about his new role, stating, "I am honored to take on the responsibilities of Chief Information Officer at Avant Technologies.
  • "We are extremely pleased to have Danny step into the CIO role here at Avant," said Timothy Lantz, CEO of Avant Technologies.

AI Stocks Ride the Technology Wave of the Future

Retrieved on: 
Thursday, February 22, 2024

With AI stocks showing impressive gains in 2023, there are high expectations for 2024 as the technology advances exponentially and investment continues to pour into the sector.

Key Points: 
  • With AI stocks showing impressive gains in 2023, there are high expectations for 2024 as the technology advances exponentially and investment continues to pour into the sector.
  • The technology company's latest commitment is for around $5.6 billion in AI investment across Europe."
  • AI™ with the intent to deliver best in class security in conjunction with its high-performance data center infrastructure.
  • A recent Form 13F SEC filing for Nvidia grabbed investor attention showing investment in SoundHound AI (NASDAQ: SOUN), a voice AI solutions company.

Early Demand Accelerating for Avant Technologies' Planned High- Density Compute Solutions

Retrieved on: 
Tuesday, March 5, 2024

LAS VEGAS, March 5, 2024 /PRNewswire/ -- Avant Technologies, Inc. (OTCQB: AVAI) ("Avant" or the "Company"), an artificial intelligence technology (AI) company specializing in creating and developing innovative and advanced AI infrastructure solutions, announced today that Avant is experiencing growing demand for its planned high-density compute infrastructure and distributed supercomputing solutions.

Key Points: 
  • LAS VEGAS, March 5, 2024 /PRNewswire/ -- Avant Technologies, Inc. (OTCQB: AVAI) ("Avant" or the "Company"), an artificial intelligence technology (AI) company specializing in creating and developing innovative and advanced AI infrastructure solutions, announced today that Avant is experiencing growing demand for its planned high-density compute infrastructure and distributed supercomputing solutions.
  • Within that broader landscape, private cloud and AI are two of the fastest growing subsegments with rapidly increasing demand for better, more cost-effective, and scalable solutions.
  • These early indicators of demand for Avant's new high-density compute infrastructure are consistent with commercial growth numbers that have been reported from traditional data centers.
  • Source: A Tsunami of AI Demand Hits the Data Center Market; July 2023

Avant Technologies Enters Co-Development Agreement to Create High-Density Compute Infrastructure and Supercomputer Network Software

Retrieved on: 
Monday, February 26, 2024

Late last year Avant announced that it planned to build the nation's first supercomputing network to provide big data and AI software companies with a faster, more powerful, and more cost-effective compute infrastructure that would help unlock the full potential of AI.

Key Points: 
  • Late last year Avant announced that it planned to build the nation's first supercomputing network to provide big data and AI software companies with a faster, more powerful, and more cost-effective compute infrastructure that would help unlock the full potential of AI.
  • Avant anticipates initial launch of its next generation infrastructure solution sometime in the first half of 2024.
  • "Our partnership with Avant Technologies will help AI companies accelerate their work with infrastructure, software and services that drive efficiency and reduce costs.
  • There is no AI without the right infrastructure and Avant will lead the way with its unique and innovative and cost-effective AI platform."

Avant Technologies, Inc. Leverages Its Proprietary AI to Drive Proactive, Next-Generation Data Center Security.

Retrieved on: 
Wednesday, February 21, 2024

AI™ with the intent to deliver best in class security in conjunction with its high-performance data center infrastructure.

Key Points: 
  • AI™ with the intent to deliver best in class security in conjunction with its high-performance data center infrastructure.
  • As one of the earliest companies to market with a functional generative AI, Avant's announcment marks a significant advancement in data center information management, compliance, and cybersecurity.
  • AI™ seamlessly integrates with industry-standard data science tools and algorithms, enabling organizations to harness the power of data for deeper insights and informed decision-making.
  • On the cybersecurity front, Avant will serve as a vigilant guardian – supervising all cybersecurity aspects within the data center environment.

Global AI Arms Race Accelerates with Cutting-Edge Tech and Strategic Investments

Retrieved on: 
Monday, February 12, 2024

VANCOUVER, BC, Feb. 12, 2024 /PRNewswire/ -- USA News Group  - The world is undergoing a massive AI revolution, that according to analysts at McKinsey Global Institute could add the equivalent of up to $4.4 trillion annually in value in the near future. With such immense potential on the line, an AI arms race is underway, several firms are establishing their positions by developing and acquiring new tech, including Avant Technologies Inc. (OTCQB:AVAI), C3.ai, Inc. (NYSE:AI), Snowflake Inc. (NYSE:SNOW), Apple Inc. (NASDAQ:AAPL), and even asset management firm Blackstone Inc. (NYSE:BX).

Key Points: 
  • Along the important road towards this new technological integration, businesses trying to use AI in their products are facing big challenges.
  • These challenges are mostly because of the high costs of computing power and a global shortage of data storage expected by 2025.
  • Avant is dedicated to advancing AI technology and is creating a specialized computing environment specifically designed for AI applications.
  • "In this new AI era, generative AI and large language models will reshape how we live, work and do business."

Global AI Arms Race Accelerates with Cutting-Edge Tech and Strategic Investments

Retrieved on: 
Monday, February 12, 2024

VANCOUVER, BC, Feb. 12, 2024 /PRNewswire/ -- USA News Group  - The world is undergoing a massive AI revolution, that according to analysts at McKinsey Global Institute could add the equivalent of up to $4.4 trillion annually in value in the near future. With such immense potential on the line, an AI arms race is underway, several firms are establishing their positions by developing and acquiring new tech, including Avant Technologies Inc. (OTCQB:AVAI), C3.ai, Inc. (NYSE:AI), Snowflake Inc. (NYSE:SNOW), Apple Inc. (NASDAQ:AAPL), and even asset management firm Blackstone Inc. (NYSE:BX).

Key Points: 
  • Along the important road towards this new technological integration, businesses trying to use AI in their products are facing big challenges.
  • These challenges are mostly because of the high costs of computing power and a global shortage of data storage expected by 2025.
  • Avant is dedicated to advancing AI technology and is creating a specialized computing environment specifically designed for AI applications.
  • "In this new AI era, generative AI and large language models will reshape how we live, work and do business."