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Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers
Avant Technologies, Inc.
Tue, Jun 25, 2024, 8:00 AM EDT
Avant Technologies, Inc
LAS VEGAS, June 25, 2024 (GLOBE NEWSWIRE) -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), a leader in artificial intelligence (AI) technology specializing in cutting edge AI and data center infrastructure solutions, today announced a progress report on the Company’s efforts to deliver unprecedented and cost-effective compute infrastructure that unlocks the full potential of AI and ushers in a new era of technological advancement.
Avant’s Chief Executive Officer (CEO), William Hisey, discussed the Company’s work to position Avant at the leading edge of the supercomputer-driven data center industry and to set new standards for managing and storing AI applications. “First and foremost, our plan is to address the pervasive costs and performance limitations that continue to hinder AI, machine learning, and big data analytics development and commercialization. There is a real unmet need as rapid growth across the entirety of the AI and big data industries is outpacing the necessary infrastructure for an industry that demands exponential power and capacity while remaining cost effective.”
The global cloud computing market size was valued at $545.8 billion in 2022, and it is projected to reach $1.24 trillion by 20271. Meanwhile, the private cloud market is projected to grow at a CAGR of 29.7% - growing to more than $528 billion by 20292, while the global cloud AI market is estimated to grow to $647 billion by 2030, registering a CAGR of 39.6%.
Avant’s CEO continued, “Late last year we unveiled our plans to develop a true edge-native distributed supercomputer to cater to the complex computing needs of AI applications and to empower AI software companies with unprecedented capabilities, enabling them to push the boundaries of AI development and deployment. Avant’s ‘edge-native’ approach doesn’t rely on cloud-based services so we can offer AI and big data companies many advantages over the more familiar ‘cloud-native’ approach, including, reduced latency, improved security and privacy, increased scalability, and reduced costs.”
To that end, Avant began to advance its plan in February 2024 by first entering a technology codevelopment partnership with Wired4Tech, Inc., a Florida-based information technology development company, to aid in the design, development, and initial implementation of Avant's planned high-density compute infrastructure and distributed supercomputing solutions.
Avant’s CEO stated that growing early demand for the Company’s high-density compute infrastructure is coming from both the on-premises and colocation segments of the private cloud sector. The rapidly growing demand for new data center capacity, combined with the progress of Avant’s solution development over the past 6 months led the Company to announce in March 2024, that Avant expects its first state-of-the-art AI-focused data center would be built in Milwaukee, Wisconsin, and operational in the first half of 2025.
https://finance.yahoo.com/news/avant-technologies-addresses-progress-ai-120000845.html
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Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology
May 23 2024 - 8:00AM
LAS VEGAS, NV -- May 23, 2024 -- InvestorsHub NewsWire -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), a leading innovator and enabler of AI infrastructure technology, announces its engagement with Wired4Tech, a renowned AI infrastructure consulting firm.
As part of its existing technology services agreement with Wired4Tech, Avant Technologies has engaged Wired4Tech to conduct comprehensive performance benchmarking of a next-generation AI cloud server that Avant is evaluating for future use in its AI data center cloud infrastructure.
Wired4Tech’s performance benchmarking will encompass a range of crucial metrics, including response time, throughput, CPU and memory usage, disk I/O, network latency, and error rates. These metrics are essential for assessing the server's ability to handle complex AI workloads efficiently and reliably. Additionally, Wired4Tech will measure the server’s power consumption and anticipated cost savings.
Response time will be evaluated to measure the speed at which the server responds to various actions, providing insight into its overall responsiveness. Throughput analysis will assess the server's data transfer capabilities, considering factors such as file size, cached or uncached content, and available network bandwidth.
Furthermore, CPU and memory usage will be closely monitored to gauge the server's processing power and memory management efficiency. Disk I/O performance will be evaluated to ensure smooth data access and storage operations, while network latency measurements will provide valuable information on the server's communication speed with external systems.
"We are excited to engage Wired4Tech to benchmark the performance of an innovative, next-generation AI server," said William Hisey, Chief Executive Officer at Avant Technologies. "By conducting rigorous benchmark testing of this promising server technology, we expect to validate its expected performance and cost-saving benefits."
The results of the benchmark testing will enable Avant Technologies to further execute on its AI infrastructure business strategy.
About Avant Technologies, Inc.
Avant Technologies leads the way in providing distributed submerged infrastructure solutions. With a commitment to innovation and sustainability, Avant Technologies addresses the complex challenges of the digital era with cutting-edge solutions.
More information about Avant Technologies can be found at https://avanttechnologies.com
You can follow us on social media at:
https://www.linkedin.com/company/avant-technologies-ai
https://www.youtube.com/@AvantTechAI
https://twitter.com/AvantTechAI
https://www.facebook.com/AvantTechAI
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm
Avant Technologies, Inc.
Thu, May 2, 2024
In this article:
LAS VEGAS, May 02, 2024 (GLOBE NEWSWIRE) -- Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence (AI) technology company specializing in the development of advanced AI and data center infrastructure solutions, has named William Hisey as the Company’s new Chief Executive Officer (CEO), effective immediately. Hisey comes to Avant via its acquisition of Wired4Health, a healthcare technology and data integration firm, where he’s spent the last 13 years serving as the firm’s Chief Financial Officer (CFO).
Hisey joins Avant at a pivotal moment in the Company’s growth. Avant spent the past year laying the groundwork for its future in the AI industry, and William Hisey will bring his 25 years of experience in business operations and finance, including executive-level positions in private equity and corporate finance, to position the company financially to continue its AI data center infrastructure development plans and the Company’s complete growth in the burgeoning AI industry.
Commenting on his appointment as the new CEO at Avant, Hisey said, “Avant has been methodically building a company that can compete in the AI space in an area of great need, and I am excited to join the team at this crucial point in the Company’s development.”
His experiences run the gamut from initial start-ups to Fortune 100 Companies. Mr. Hisey began his career at Ernst & Young, considered one of the Big Four accounting firms globally, as a financial auditor before transitioning to Pitney Bowes, where he performed in multiple financial roles. After serving as the Vice President (VP) of Business Development at IVAX Pharmaceuticals, Hisey became the CFO of the boutique venture capital firm, SnowMark Capital.
Mr. Hisey then transitioned to the entrepreneurial side of business and founded RxStrategies, Inc., a “340B” pharmaceutical services startup, where his focus was on developing the business model, raising capital, and directing the ramp-up of company infrastructure and front of the house activities.
Most recently, Hisey has been providing CFO and private equity services to a variety of companies, while also serving as the CFO for Wied4Health since 2011. His work includes financial structuring, business modeling, strategic planning, capital raises, and due diligence/process improvement projects.
Prior to his 13-year tenure with Wired4Health, which was acquired by Avant earlier this month, Hisey spent almost six years as CFO and Vice President of Business Development with Sentry Data Systems (Sentry), a healthcare solutions technology company. While at Sentry, the company grew from just 15 employees to more than 100 employees and revenue grew dramatically from less than $1 million to more than $100 million.
About Avant Technologies, Inc.
Avant Technologies, Inc. is an artificial intelligence technology company specializing in creating and developing innovative and advanced AI infrastructure solutions designed to revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. The Company also employs its highly sophisticated machine and deep learning AI system, Avant AI™, to function as both a versatile and customizable AI solution in a host of industries and applications.
More information about Avant Technologies can be found at https://avanttechnologies.com
Forward-Looking Statements
Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date of the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
ASCM on top bid is where the MM cover the shorts.
Any news about $AVAI quotation to Nasdaq?
Thanks!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173979327
So (CEO-Rittman of AVAI) is also (CEO of GTCH)..😎..Wow! Looks like i need to be adding more share of (GTCH) for a possble Merger? Thoughts? Go (AVAI)
Will be doing my (DD) and possible will be adding to my positions or many,many shares of (GTCH) @0001...😎...Go (AVAI)
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