Storj Acquires Cloud Computing Firm Valdi; Terms Undisclosed

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Domain Domain Headlines News

Domain Domain Latest News,Domain Domain Headlines

Will Canny is CoinDesk's finance reporter.

00:54, a crypto-backed cloud-storage platform, said it bought Valdi, a provider of high-performance cloud computing, to add graphics-processing-unit computing for its enterprise clients.

The Valdi network comprises over 16,000 GPUs globally and provides on-demand processing that is used for artificial intelligence training in industries such as technology, research and life sciences, Storj said in a press release. Terms of the deal were not disclosed.“Today’s enterprises demand new high-performance cloud solutions to innovate affordably and sustainably,” Storj chief revenue officer Colby Winegar said in the release.

Valdi aims to address the shortage of GPUs driven by the growth of the artificial intelligence market by allowing customers to use available GPU compute cycles in data centers across the world, Storj said. “Valdi’s global network of data centers with high performance cloud compute is a natural extension of Storj’s distributed cloud and particularly exciting as our joint storage and GPU offering is optimized for Generative AI workloads,” Winegar a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in DOMAİN

Domain Domain Latest News, Domain Domain Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sky-High Innovation: Unveiling The Future Of Cloud Computing In Industry 4.0Nicola Sfondrini - Partner Digital and Cloud Strategy at PWC. Read Nicola Sfondrini's full executive profile here.
Source: ForbesTech - 🏆 318. / 59 Read more »

18 Best Practices For Optimizing AI And Cloud Computing EfficiencySuccessful CIOs, CTOs & executives from Forbes Technology Council offer firsthand insights on tech & business.
Source: ForbesTech - 🏆 318. / 59 Read more »

Cloud Computing Lessons For The AI RevolutionNarinder Singh is the CEO of VisionAI company LookDeep Health, and previously a founder of Appirio, a pioneer in cloud computing. Read Narinder Singh's full executive profile here.
Source: ForbesTech - 🏆 318. / 59 Read more »

Oracle to invest over $1 billion on AI, cloud computing in SpainOracle to invest over $1 billion on AI, cloud computing in Spain
Source: Investingcom - 🏆 450. / 53 Read more »

How DePIN is poised to disrupt the cloud computing industry: ReportCointelegraph Research uncovers how DePIN networks and SwanChain’s ecosystem are changing the cloud computing industry
Source: Cointelegraph - 🏆 562. / 51 Read more »

Dragonfly Capital leads $15 million seed round in distributed cloud computing firm ProdiaProdia aims to provide more efficient cloud computing services at a lower cost by using web3 infrastructure.
Source: TheBlock__ - 🏆 464. / 53 Read more »