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šŸš€ Crypto ceĻ„i AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America

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[PRESS RELEASE ā€“ Vancouver, Canada, April 18th, 2024]

ceĻ„i AI, a leader in decentralized artificial intelligence infrastructure, is pleased to announce its acquisition of Canadian company Big Energy Investments Inc., a firm specializing in strategic investment in high-performance computing infrastructure. This acquisition marks a significant first step in ceĻ„i AIā€™s strategy to advance the development and accessibility of AI technologies.

Strategic Acquisition and Enhanced Capabilities

Following the acquisition, Big Energy Investments, Ltd. has reached agreements in principle to acquire advanced high-performance computing (HPC) infrastructure, including five HPC servers, each equipped with 8 NVIDIA H100 Tensor Core GPUs, and two NVIDIA Quantum-2 InfiniBand switches, set to be delivered in May 2024. These agreements are anticipated to be executed within the next week, underscoring the commitment to enhancing the technological capabilities promptly.

This strategic enhancement is pivotal for the initial North American deployment of the ceĻ„i AI Infrastructure Network, which will utilize the ceĻ„i AI Intelligent Compute Fabric to manage and provide compute resources to decentralized AI networks, decentralized physical infrastructure networks (DePIN), and various other applications.

Strategic Deployment and Pilot Implementation

The new HPC infrastructure will underpin the first North American deployment of the ceĻ„i AI Intelligent Compute Fabric, which manages the ceĻ„i AI Infrastructure Network. This network is designed to provide essential compute resources to a variety of decentralized client networks and is a critical component of ceĻ„i AIā€™s broader mission to democratize AI technology through decentralization. The pilot implementation will not only demonstrate the capabilities of the ceĻ„i AI solution but also initiate revenue generation and accumulation for the CETI token ecosystem.

Roadmap and Future Plans

The successful integration and demonstration of this infrastructure will set the stage for immediate expansion to data-center scale implementations, significantly scaling up ceĻ„i AIā€™s operational capabilities. Work continues to progress on the CETI token ecosystem, with its introduction being the next major milestone on the ceĻ„i AI roadmap.

Executive Insight

ā€œThis acquisition marks a significant milestone in ceĻ„i AIā€™s growth trajectory, aligning with our strategic goals to bolster our infrastructure and accelerate the development of decentralized AI technologies. By integrating Big Energy Investmentsā€™ resources and capabilities, we are better positioned to innovate and expand our reach across North America,ā€ said Dennis Jarvis, CEO of ceĻ„i AI.

Forward-Looking Statements

This press release contains forward-looking statements relating to expected future events and anticipated results that are subject to significant risks and uncertainties. These include, but are not limited to, the final procurement and integration of HPC infrastructure, the deployment and performance of the ceĻ„i AI Intelligent Compute Fabric, and the broader adoption and impact of the CETI token ecosystem. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to a variety of factors.

About ceĻ„i AI​


ceĻ„i AI is at the forefront of revolutionizing artificial intelligence through decentralization. Committed to innovation and accessibility, ceĻ„i AI develops globally distributed, high-performance, scalable AI infrastructure designed to empower developers and networks worldwide. By democratizing access to state-of-the-art resources, ceĻ„i AI aims to accelerate the advancement of AI technologies, making them more diverse and universally accessible. Our mission extends beyond infrastructure development; we are building a foundation for the future of AI, ensuring it grows in a manner that benefits all of humanity without sacrificing freedom of choice or expression.

Users are welcome to dive deeper into our mission, technology, and the future weā€™re building along with the latest updates and community discussions by visiting:

litepaper I Website I X I Telegram I Discord

The post ceĻ„i AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America appeared first on CryptoPotato.
 

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