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ceτi AI Secures $80M of NVIDIA GPUs and Hardware to Expand Global AI Infrastructure Network by 25x

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    Vancouver, Canada, June 11th, 2024, Chainwire

    ceτi AI is proud to announce an extended purchase agreement with Cedarcross International Technologies, Inc. for three additional high-performance computing (HPC) servers, each equipped with 8 NVIDIA H100 Tensor Core GPUs, plus an option to purchase an additional 200 identical HPC servers. The agreement marks the completion of ceτi AI’s pilot-scale installation in British Columbia, and opens the door to a 25x expansion of the ceτi AI Global Infrastructure Network with additional GPU and server allocation through Q3, 2024. 

    The new servers, powered by NVIDIA’s most advanced H100 GPUs, are expected to arrive within approximately 45 days, further boosting the network’s capacity to support a broad range of AI application development and research. The firm’s pilot installation presents a state-of-the-art solution for web3 protocols, independent development teams, and advanced AI research teams in an 8-server, 64 GPU scalable unit that can be expanded linearly and indefinitely.

    In addition to the network’s immediate expansion, the agreement also includes an option to purchase up to 200 identical HPC servers from Cedarcross through September 30th, 2024, underscoring both firms’ commitment to sustained growth and technological advancement in the decentralized AI space. ceτi AI has identified hyperscale data center candidate sites for the additional servers in Montreal, New Jersey, and Santa Clara, and is now in the process of securing investment for their purchase, installation, and initial operation. 

    “We’re seeing unprecedented demand from institutional developers, independent researchers, and blockchain protocols for the physical chip and server infrastructure set to power the coming Age of Artificial Intelligence. Deploying the enormous physical infrastructure for decentralized AI requires strong relationships, world-class talent, and deep cooperation in pursuit of our common goal. We’re proud to work with Cedarcross as a valued partner that brings all of these qualities to the table,” said Dennis Jarvis, CEO of ceτi AI.

    About Cedarcross

    Cedarcross International Technologies Inc. is an investee company of Alset Capital Inc., a publicly traded Canadian company listed on the TSX Venture exchange. Cedarcross specializes in providing low-cost access to cutting-edge, high-performance computing hardware, primarily powered by NVIDIA’s advanced H100 chips. 

    About ceτi AI

    ceτi AI is at the forefront of the decentralized artificial intelligence (dAI) movement. Committed to innovation and accessibility, ceτi AI develops globally distributed, high-performance, scalable AI infrastructure designed to power the next generation of AI development worldwide. ceτi AI was founded in March of 2024 by long-time industry leaders Dennis Jarvis (CEO), Aaron Smith-Hayes (CTO), Austin Spencer (CFO), and Tony Evans (Chief Strategy Officer). 

    For more information about ceτi AI and our initiatives, users can visit http://taoceti.ai

    Users can follow ceτi AI on X, Telegram, and Discord for the latest updates and community discussions.

    Contact

    CEO
    Dennis Jarvis
    ceτi AI
    [email protected]

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    AgentSmyth Appoints Industry Veteran Robert DiFazio as Chief Strategy Officer and Board Member Amidst Rapid Growth and Milestone Achievements

    2024-10-01T08:23:00Z

    Company Surpasses 10,000 Client Searches, Adds 200+ Institutional Traders, and Accelerates Adoption of Its Offerings

    NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- AgentSmyth, a leading AI-powered financial data and analytics platform, today announced the appointment of Robert DiFazio as Chief Strategy Officer (CSO) and member of its Board of Directors. With over 40 years of experience in capital markets and investment management, DiFazio brings unparalleled expertise to AgentSmyth at a pivotal moment in the company's expansion.

    An Unmatched Industry Leader Joins AgentSmyth

    Robert DiFazio's illustrious career includes senior leadership roles such as Co-Head of Global Equities at Citigroup and a Founding Investor in Strategas Research Partners. His extensive background in capital markets, trading, investment banking, and venture capital has shaped strategies for some of the world's most influential financial institutions.

    "Joining AgentSmyth is an exciting opportunity to be at the forefront of fintech innovation," said Robert DiFazio, CSO of AgentSmyth. "The company's AI-driven approach is transforming how financial professionals access and utilize data. I look forward to contributing to its next phase of growth."

    Strengthening Leadership with Key Technology Hires

    In addition to DiFazio's appointment, AgentSmyth has bolstered its technology leadership team with the hiring of Brian Jo as Chief Technology Officer (CTO) and Salman Razzaq as Vice President of Engineering. Brian Jo, formerly at Market Reader, brings a wealth of experience in developing advanced financial platforms. Salman Razzaq, previously at S&P Global, adds significant expertise in engineering scalable solutions for complex data environments.

    "Our expanded leadership team positions us to accelerate innovation and deliver even greater value to our clients," said Pulkit Jaiswal, Co-CEO of AgentSmyth. "Brian and Salman are instrumental in enhancing our platform's capabilities and scaling our operations globally."

    Significant Milestones: Over 10,000 Client Searches and Rapid User Growth

    Since launching its AgentSmyth All-Access offering just three months ago, the company has surpassed 10,000 client searches, signaling strong market validation. Additionally, AgentSmyth has onboarded over 200 institutional traders from both buy-side and sell-side firms, with a growing number converting into paid licenses.

    AgentSmyth's platform covers 58,200 equities, with an average agent response time of 2.5 to 30 seconds. The efficiency gained through the platform's AI agents has saved clients an estimated 296 days of research hours compared to traditional tools. 

    "Reaching over 10,000 client searches in such a short timeframe demonstrates the market's appetite for smarter, faster insights," said Pulkit Jaiswal, Co-CEO of AgentSmyth. "Our platform is revolutionizing how professionals consume data, turning complex market dynamics into actionable intelligence."

    Introducing the Rag2Riches Framework and Technological Advancements

    At the core of AgentSmyth's technological innovation is the proprietary Rag2Riches Framework, which dynamically upgrades vector contexts with real-time insights on economic events, news, and trader actions. By integrating live Level 2 (L2) flows and options data, the platform delivers unparalleled market intelligence, keeping clients ahead with precise, actionable insights.

    "Our Rag2Riches Framework is a game-changer for market analysis," noted Brian Jo, CTO of AgentSmyth. "By providing real-time, context-rich data, we're empowering traders and analysts to make informed decisions faster than ever before."

    Diverse Offerings Catering to Active and Passive Customers

    AgentSmyth's two main offerings—AgentSmyth All-Access and Silver Bullets—are seeing strong adoption, catering to both active traders seeking in-depth analysis and passive customers who prefer concise, actionable insights delivered directly to their inboxes.

    "Our diverse product suite was designed to meet the unique needs of different market participants," said Mike Block, COO of AgentSmyth. "Whether it's comprehensive analysis or quick, actionable insights, we're delivering value across the spectrum."

    Empowered by SEC Registration

    The company's momentum is further accelerated by its recent approval as an SEC-registered investment advisor. This regulatory milestone allows AgentSmyth to onboard paid clients while delivering real-time, actionable trade recommendations, ensuring compliance and transparency.

    "SEC registration was a critical step in our mission to democratize access to advanced market intelligence," added Mike Block, COO of AgentSmyth. "It enables us to scale our offerings responsibly while meeting the stringent requirements expected by our institutional clients."

    Looking Ahead: Global Expansion & Market Reach

    AgentSmyth is poised for continued aggressive growth, with plans to expand into European and Asian equity markets by Q1 2025 through existing data partnerships. Additionally, AgentSmyth has secured strategic partnerships with several Order Management Systems (OMS). These collaborations facilitate deep integration into existing workflows, granting AgentSmyth access to over 2,000 institutional traders and portfolio managers without additional marketing expenditure.

    "Our OMS partnerships provide the infrastructure for rapid adoption across the financial services landscape," noted Daniel McCooey, Co-CEO of AgentSmyth. "Clients can seamlessly incorporate our AI agents into their daily operations, enhancing decision-making with zero friction. "We're entering an exciting phase of global expansion and product enhancement," said Robert DiFazio, CSO of AgentSmyth. "I’m eager to leverage my experience to drive AgentSmyth’s strategic initiatives and deliver unparalleled value to our clients."

    About AgentSmyth

    For additional details, please contact: [email protected]

    For press inquiries: [email protected]

    For more information about AgentSmyth: agentsmyth.com

    To follow on LinkedIn: https://www.linkedin.com/company/agentsmyth/

    To follow on X.com: https://x.com/AgentSmyth

    Contact

    Co-Founder, CSO

    Michael Block

    AgentSmyth

    [email protected]


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