ceti AI acquires Big Energy Investments Inc. to boost its high-performance computing capabilities in North America

on Apr 18, 2024
Updated: May 1, 2024
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  • This acquisition marks a significant first step in ceti AI’s strategy.
  • Big Energy Investments is a firm specializing in strategic investment in high-performance computing infra.
  • Big Energy Investments has reached agreements in principle to acquire advanced HPC infra.

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Vancouver, Canada, April 18th, 2024, Chainwire

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ceti 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 ceti AI’s strategy to advance the development and accessibility of AI technologies.

Strategic acquisition and enhanced capabilities

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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 ceti AI Infrastructure Network, which will utilize the ceti 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

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The new HPC infrastructure will underpin the first North American deployment of the ceτti AI Intelligent Compute Fabric, which manages the ceτi 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 ceτi AI’s broader mission to democratize AI technology through decentralization. The pilot implementation will not only demonstrate the capabilities of the ceτi AI solution but also initiate revenue generation and accumulation for the CETI token ecosystem.

Roadmap and future plans

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

Executive insight

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“This acquisition marks a significant milestone in ceti AI’s growth trajectory, aligning with our strategic goals to bolster our infrastructure and accelerate the development of decentralized AI technologies. By integrating Big Energy Investments’ resources and capabilities, we are better positioned to innovate and expand our reach across North America,” said Dennis Jarvis, CEO of ceτi AI.

Forward-looking statements

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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 ceτi 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 ceτi AI

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ceti AI is at the forefront of revolutionizing artificial intelligence through decentralization. Committed to innovation and accessibility, ceτi 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, ceτi 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 we’re building along with the latest updates and community discussions by visiting:

Contact

ceτi AI
[email protected]

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