Facing the Power Crunch

Tech Developers Push for More Efficient Hardware Amidst AI Boom

USA News Group News Commentary
Issued on behalf of Avant Technologies Inc.

VANCOUVER, BC, May 23, 2024 /PRNewswire/ -- USA News Group News Commentary – In order to power the ongoing artificial intelligence (AI) revolution, behind the scenes there's going to need a lot more investment and… power. This is because cloud based services, especially those fuelling new AI capabilities, requires lots and lots of power, which is allowing contractors to cash in on building rooms containing power management equipment. But while the demand for more AI solutions is set to threaten the world's electricity grids according to Blackstone CEO Steve Schwarzman, tech developers are working diligently to make hardware more efficient and to service this surging demand, with several developments recently announced by tech companies including: Avant Technologies Inc. (OTC: AVAI), Advanced Micro Devices, Inc. (NASDAQ: AMD), Microsoft Corporation (NASDAQ: MSFT), Broadcom Inc. (NASDAQ: AVGO), and Astera Labs, Inc. (NASDAQ: ALAB).

The article continued: According to Research and Markets, the Global Data Center Infrastructure Market alone is expected to nearly hit US$6 billion by 2029, growing at a CAGR of 9.58%. Analysts at Exactitude Consultancy are also projecting the Global Data Centre Market as a whole, will reach US$536.38 billion by 2030, growing at a CAGR of 10.72%.

Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology

Avant Technologies, Inc. (OTCQB: AVAI) ("Avant" or the "Company"), a leading innovator and enabler of AI infrastructure technology, today announced 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.