CETI AI Acquires 80M Worth of NVIDIA GPUs and Hardware to Grow Global AI Infrastructure Network by 25x
Vancouver, Canada – June 11th, 2024 – Chainwire
ceτi AI is thrilled to announce an expanded agreement with Cedarcross International Technologies, Inc. for the acquisition of three new high-performance computing (HPC) servers. Each server will be equipped with 8 NVIDIA H100 Tensor Core GPUs, with an option to purchase an additional 200 identical HPC servers. This agreement signifies the successful completion of ceτi AI’s initial installation in British Columbia and paves the way for a 25x expansion of the ceτi AI Global Infrastructure Network, including additional GPU and server resources throughout Q3, 2024.
The upcoming servers, powered by NVIDIA’s cutting-edge H100 GPUs, are expected to be delivered within 45 days. These new additions will significantly enhance the network’s capacity to support a wide range of AI application development and research. The pilot installation by the company offers a state-of-the-art solution for web3 protocols, independent development teams, and advanced AI research groups. It consists of an 8-server, 64 GPU scalable unit that can be expanded infinitely.
Aside from the immediate network expansion, the agreement also includes the opportunity to purchase up to 200 identical HPC servers from Cedarcross by September 30th, 2024. This underlines the commitment of both companies to sustained growth and technological progress in the decentralized AI sector. ceτi AI has already identified potential hyperscale data center locations in Montreal, New Jersey, and Santa Clara for the additional servers and is currently seeking investment for their acquisition, installation, and initial operation.
Dennis Jarvis, CEO of ceτi AI, expressed his enthusiasm for the partnership with Cedarcross, stating, “We are witnessing an unprecedented demand from institutional developers, independent researchers, and blockchain protocols for the physical infrastructure that will drive the upcoming era of Artificial Intelligence. Building the extensive infrastructure for decentralized AI requires strong partnerships, top-tier talent, and deep collaboration towards a shared objective. We are proud to collaborate with Cedarcross, a valued partner that embodies all of these qualities.”
About Cedarcross:
Cedarcross International Technologies Inc. is a subsidiary of Alset Capital Inc., a publicly traded Canadian company listed on the TSX Venture exchange. Cedarcross specializes in providing cost-effective access to cutting-edge, high-performance computing hardware, predominantly powered by NVIDIA’s advanced H100 chips.
About ceτi AI:
ceτi AI is a leader in the decentralized artificial intelligence (dAI) movement. Committed to innovation and inclusivity, ceτi AI develops globally distributed, high-performance, scalable AI infrastructure aimed at driving the next wave of AI development worldwide. Founded in March 2024 by industry veterans Dennis Jarvis (CEO), Aaron Smith-Hayes (CTO), Austin Spencer (CFO), and Tony Evans (Chief Strategy Officer).
For more information about ceτi AI and its projects, please visit http://taoceti.ai. Follow ceτi AI on X, Telegram, and Discord for the latest updates and community discussions.
Contact:
CEO Dennis Jarvis
ceτi AI
[email protected]