Sunday, July 14, 2024

Numerous bitcoin mining companies are diversifying into artificial intelligence (AI) and cloud computing services. Bitdeer, a notable player in blockchain and high-performance computing and listed on the stock exchange, recently announced its venture into AI. This strategic shift involves leveraging Nvidia’s powerful graphics processing unit (GPU) services.

Bitdeer Partners with Nvidia, Targets Asian AI Supercomputing Market

Bitdeer, headquartered in Singapore and listed on Nasdaq as BTDR, has entered the AI domain by joining the Nvidia Partner Network as a preferred cloud service provider. The company is targeting the Asian market to offer AI supercomputing capabilities, powered by Nvidia. Bitdeer aims to drive progress in generative AI, large language models (LLMs), and other AI workloads within Asia.

In the last 24 hours, Bitdeer’s (Nasdaq: BTDR) stock has seen an 8.7% increase compared to the U.S. dollar.

Bitdeer’s new initiative, named “Bitdeer AI Cloud,” will feature Nvidia’s DGX Superpod and DGX H100 systems. The DGX Superpod provides a scalable infrastructure that, combined with Nvidia’s DGX systems, creates a comprehensive solution for AI supercomputer deployment. Bitdeer’s AI Cloud intends to offer businesses and innovators cutting-edge computing power using Nvidia’s DGX systems.

Matt Linghui Kong, CEO of Bitdeer, expressed enthusiasm about partnering with Nvidia to pioneer the next generation of AI and large language model developments in Asia.

In a related development, Iris Energy, another bitcoin mining firm, expanded into AI in August 2023 with a $10 million investment in Nvidia GPUs. Other companies like Tether and Northern Data have also entered the AI market, investing $420 million to acquire 10,000 Nvidia H100 units. Bitdeer’s recent announcement details a strategic plan comprising four stages: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Application as a Service (AaaS).

“Generative AI enables businesses to achieve unparalleled scalability, reliability, and innovation,” commented Tony Paikeday, senior director of the DGX platform. With Nvidia’s DGX infrastructure, Bitdeer is poised to offer the necessary supercomputing and software resources for developing and implementing generative AI models and services.

What are your views on Bitdeer’s move into the AI sector? We welcome your insights and opinions on this development in the comments section.

Frequently Asked Questions (FAQs) about Bitdeer Nvidia Partnership

What is Bitdeer’s new strategic move?

Bitdeer, a publicly-listed bitcoin mining company, has expanded into the field of artificial intelligence (AI) and cloud computing. This strategic shift is marked by their partnership with Nvidia, focusing on providing Nvidia-powered graphics processing unit (GPU) services, particularly targeting the Asian market for AI supercomputing.

How is Bitdeer planning to implement AI services?

Bitdeer has become a member of the Nvidia Partner Network as a cloud service provider. Their plan involves offering Nvidia-enabled AI supercomputing capabilities, with a focus on advancing generative AI, extensive language models, and other AI workloads in Asia.

What is the “Bitdeer AI Cloud” and what does it offer?

The “Bitdeer AI Cloud” is the latest offering from Bitdeer, equipped with Nvidia’s DGX Superpod and DGX H100 systems. This cloud service is designed to deliver state-of-the-art computing power to businesses and innovators, utilizing Nvidia’s DGX systems for deploying AI supercomputers.

What are the expected outcomes of Bitdeer’s venture into AI?

By venturing into AI, Bitdeer aims to expedite advancements in generative AI and large language models in the Asian region. The collaboration with Nvidia is expected to provide the necessary infrastructure and computing power for these advancements.

How has Bitdeer’s stock performed following this announcement?

Following the announcement of their expansion into AI, Bitdeer (Nasdaq: BTDR) experienced a rise in their share value, with an 8.7% increase against the U.S. dollar over the past 24 hours. This indicates positive market reception to their new strategic direction.

More about Bitdeer Nvidia Partnership

  • Bitdeer Official Website
  • Nvidia Partner Network
  • Nasdaq: Bitdeer Performance
  • Bitdeer AI Cloud Launch
  • Asian AI Supercomputing Market Trends
  • Nvidia DGX Systems
  • Generative AI Advancements
  • Bitdeer-Nvidia Collaboration News


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