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$AVAI Breaking News : Avant Technologies Reshaping Future of Supercomputing and AI with Disruptive Private Cloud Infrastructure
LAS VEGAS, NV / ACCESSWIRE / September 26, 2023 / Avant Technologies, Inc. (OTCQB:AVAI) ( "Avant" or the "Company"), an artificial intelligence technology (AI) company specializing in creating and developing innovative and advanced AI solutions, today announced it's advancing the next generation of cloud supercomputing to meet the burgeoning AI industry's demands for more power and value.

Avant's cloud supercomputing network has the potential to be the world's most powerful and cost-effective private cloud infrastructure. The Company's plan is to address the pervasive costs and performance limitations that continue to hinder AI, machine learning, and big data analytics development and commercialization.

Avant's Chief Operating Officer, Paul Averill, said of the Company's development plans, "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. We recognized this real unmet need and began planning to develop a true edge-native distributed supercomputer that will revolutionize the landscape for AI software development companies and other companies that require immense, scalable computing power."

Avant plans to deliver superior performance and value to a host of industries with its private cloud infrastructure by reducing costs and offering more deliverables, such as increased computing density.

By taking advantage of lower operating cost technologies, Avant is well positioned to exploit the emerging AI cloud infrastructure market's sizable growth opportunities. According to Grand View Research, a market research and consulting firm, the global Cloud AI market was valued at $44.97 billion in 2022, and the firm estimates the market to grow exponentially to $647.6 billion by 2030 at a CAGR of 39.6%. (1)
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