HPC | Jotup

EQS-News: Northern Data Group appoints Group Chief Financial Officer

Retrieved on:

Wednesday, January 17, 2024

Cloud, Asos, Audit, KPMG, HM Land Registry, CFO, Taiga, University, New Zealand Institute, Risk, Growth, Ticker, NB2, IPO, HPC, Supercomputer

Elliot Jordan will join the Group’s Executive Committee, bringing extensive finance and capital markets experience

Key Points:

Elliot Jordan will join the Group’s Executive Committee, bringing extensive finance and capital markets experience
Frankfurt/Main – 15 January 2024 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) a leading provider of High-Performance Computing (HPC) infrastructure solutions, today announces a key appointment to its Group Executive Committee of Elliot Jordan as Group Chief Financial Officer.
In his role as Group Chief Financial Officer, Elliot will lead Northern Data Group’s financial strategy and support the Group’s wider growth as it drives innovation across the HPC market.
Aroosh Thillainathan, Founder and Group Chief Executive Officer, comments: “I’m very pleased to welcome Elliot to Northern Data Group and the Group Executive Committee.
Following Aroosh’s vision, Northern Data Group has become a leading provider of High-Performance Computing solutions and is primed to capitalize on the global market opportunity.”

QuEra and Pawsey Partner to Drive Innovation in Quantum Computing and Supercomputing in the United States, Australia and Around the World

Retrieved on:

Tuesday, January 16, 2024

Research, Radio, Partnership, HPC, Organization, Astronomy, Machine learning, Education, Microscope

BOSTON and PERTH, Australia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- QuEra Computing, the global leader in neutral-atom quantum computing, and Pawsey Supercomputing Research Centre today announced a partnership to drive advancements in quantum technology and enhance the capabilities of both organizations.

Key Points:

BOSTON and PERTH, Australia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- QuEra Computing, the global leader in neutral-atom quantum computing, and Pawsey Supercomputing Research Centre today announced a partnership to drive advancements in quantum technology and enhance the capabilities of both organizations.
Teams from QuEra and Pawsey are already collaborating on research projects focused on quantum science and technology that will contribute to scientific and commercial innovation across industries, including national labs.
QuEra will also provide Pawsey with private cloud access to QuEra’s neutral-atom-based quantum computers, hosted at QuEra headquarters in Boston.
“This collaboration is about practical, focused innovation, where the synergy between supercomputing and quantum computing can lead to more efficient solutions and accelerated discoveries in the field.”

Applied Digital Reports Fiscal Second Quarter 2024 Results

Retrieved on:

Tuesday, January 16, 2024

Cloud, Artificial intelligence, GPU, ATM, Digital, GAAP, Graphics processing unit, Depreciation, HPC, Machine learning, Nature, Supercomputer, Growth, Renewable energy

DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, cloud services (“Cloud services”), and datacenter hosting (“Datacenter hosting”), reported financial results for the fiscal second quarter ended November 30, 2023. The Company also provided an operational update.

Key Points:

Financial Results for Fiscal Second Quarter 2024 Ended November 30, 2023
Applied Digital ended the fiscal quarter with cash, cash equivalents, and restricted cash of $34.6 million and $42.8 million in debt outstanding.
Total revenues in the fiscal second quarter 2024 were $42.2 million, up 242% from the fiscal second quarter 2023.
Cost of revenues in the fiscal second quarter 2024 was $29.2 million compared to $11.8 million in the fiscal second quarter 2023.
Selling, general and administrative expenses in the fiscal second quarter 2024 were $21.1 million compared to $27.2 million in the fiscal second quarter of 2023.

Aligned Data Centers Launches DeltaFlow~™ Liquid Cooling, Extending Its ExpandOnDemand™ Capabilities

Retrieved on:

Tuesday, January 16, 2024

Artificial intelligence, Machine learning, Graphics processing unit, Data, HPC, Atmosphere

DALLAS , Jan. 16, 2024 (GLOBE NEWSWIRE) -- Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, announces the launch of its DeltaFlow~™ liquid cooling technology, a patent-pending solution designed to support the high-density compute requirements of next-generation applications and high-performance computing (HPC), including artificial intelligence (AI), machine learning (ML), and supercomputers. DeltaFlow~ extends Aligned’s ExpandOnDemand™ capabilities, offering customers the flexibility to seamlessly pivot and scale to support shifting computing environments – no matter their applications, density requirements, or cooling solutions.

Key Points:

DeltaFlow~ extends Aligned’s ExpandOnDemand™ capabilities, offering customers the flexibility to seamlessly pivot and scale to support shifting computing environments – no matter their applications, density requirements, or cooling solutions.
“Aligned has been a leader and innovator in data center cooling for more than a decade.
Providing customers the ability to scale seamlessly across rising rack densities is intrinsic to our data center designs; we call it ExpandOnDemand™,” states Andrew Schaap, CEO of Aligned.
DeltaFlow~ also integrates seamlessly with Aligned’s patented air-cooled technology, Delta3, requiring no changes in power delivery or existing data hall temperatures, and making the transition from air to liquid cooling seamless - even in live environments.

InspireSemi Announces Non-Brokered Private Placement of Units

Retrieved on:

Monday, January 15, 2024

AI, Funding, Exchange, HPC, TSX Venture Exchange, Exercise, Security (finance)

Investors not resident in the United States may subscribe for SV Units at a price per SV Unit of C$0.15.

Key Points:

Investors not resident in the United States may subscribe for SV Units at a price per SV Unit of C$0.15.
Investors resident in the United States may subscribe for PV Units at a price per PV Unit of C$15.00.
Each whole SV Warrant shall be exercisable to acquire one SV Share at a price of C$0.20 for a period of 36 months from issuance.
Therefore the SV Units and PV Units are economically equivalent.

Rescale's AI-Powered R&D Platform Introduces Sustainable Accelerated Computing through partnership with Crusoe at World Economic Forum in Davos

Retrieved on:

Tuesday, January 16, 2024

Research, Innovation, Partnership, Education minister, Sustainability, Environmentalism, HPC

"Together, we are redefining the future of accelerated computing by seamlessly integrating sustainable practices into our AI-powered R&D platform.

Key Points:

"Together, we are redefining the future of accelerated computing by seamlessly integrating sustainable practices into our AI-powered R&D platform.
"As we stand on the precipice of a transformative era in sustainable computing, Crusoe is honored to join forces with Rescale at the World Economic Forum in Davos," said Chase Lochmiller, CEO of Crusoe.
Key highlights of Crusoe's contribution to Rescale's platform include:
Sustainable Accelerated Computing - Crusoe's innovative approach integrates sustainable computing practices into Rescale's AI-powered research and development (R&D) cloud platform.
Rescale and Crusoe Energy invite stakeholders, innovators, and media representatives to witness the official launch of this groundbreaking collaboration at the World Economic Forum in Davos.

FPGA Market worth $25.8 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, January 15, 2024

The high growth of the ≤16 nm FPGA can be attributed to its compact size and speedy processing abilities.

Key Points:

The high growth of the ≤16 nm FPGA can be attributed to its compact size and speedy processing abilities.
In addition, these FPGAs can eliminate the standard performance issues that affect traditional FPGA devices available in the market.
Flash technology in the FPGA market is expected to have the highest CAGR during the forecast period.
Asia Pacific is poised to have significant growth in the FPGA market by 2029.

FPGA Market worth $25.8 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, January 15, 2024

The high growth of the ≤16 nm FPGA can be attributed to its compact size and speedy processing abilities.

Key Points:

The high growth of the ≤16 nm FPGA can be attributed to its compact size and speedy processing abilities.
In addition, these FPGAs can eliminate the standard performance issues that affect traditional FPGA devices available in the market.
Flash technology in the FPGA market is expected to have the highest CAGR during the forecast period.
Asia Pacific is poised to have significant growth in the FPGA market by 2029.

Northern Data Group appoints Group Chief Financial Officer

Retrieved on:

Monday, January 15, 2024

Cloud, Asos, Audit, KPMG, Executive Committee, HM Land Registry, CFO, Taiga, University, New Zealand Institute, Risk, Growth, Ticker, NB2, IPO, HPC, Sainsbury's, Supercomputer, Management

Elliot Jordan will join the Group's Executive Committee, bringing extensive finance and capital markets experience

Key Points:

Elliot Jordan will join the Group's Executive Committee, bringing extensive finance and capital markets experience
FRANKFURT, Germany, Jan. 15, 2024 /PRNewswire/ -- Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) ), a leading provider of High-Performance Computing (HPC) infrastructure solutions, today announces a key appointment to its Group Executive Committee of Elliot Jordan as Group Chief Financial Officer.
In his role as Group Chief Financial Officer, Elliot will lead Northern Data Group's financial strategy and support the Group's wider growth as it drives innovation across the HPC market.
Aroosh Thillainathan, Founder and Group Chief Executive Officer, comments: "I'm very pleased to welcome Elliot to Northern Data Group and the Group Executive Committee.
Elliot Jordan, incoming Group Chief Financial Officer, comments: "I am delighted to be joining Northern Data Group and the Group Executive Committee at such a pivotal moment for the business as it seeks to continue its pace of growth and embrace the next stage in its journey.

Rigetti Computing Awarded Innovate UK Grant to Develop Quantum Machine Learning Techniques for Financial Data Streams

Retrieved on:

Thursday, January 11, 2024

Standard Chartered, Rigetti Computing, Machine learning, Imperial College London, University, Standard, Amazon Web Services, Imperial, Area studies, Map, Algorithm, Digital, Innovation, Software, AWS, HPC, NISQ

LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it was awarded an Innovate UK grant as part of the Feasibility Studies in Quantum Computing Applications competition.

Key Points:

LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it was awarded an Innovate UK grant as part of the Feasibility Studies in Quantum Computing Applications competition.
The consortium aims to use quantum computing to improve current classical machine learning techniques used by financial institutions to analyze complex data streams.
Classical machine learning techniques used to assist and provide insights to these services have limitations as these data streams are, in general, complex.
Combining quantum computing with classical machine learning methodology could offer more powerful resources for processing these data streams, given the potential for quantum computers to process some types of information more efficiently than with classical resources alone.