Blockchain

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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    CompoSecure Earns Sustainability Silver Medal from EcoVadis for Second Consecutive Year, Placing in the Top 15% of Companies Globally

    2024-10-03T12:00:00Z

    Strengthened commitment to sustainability practices results in a 7-point improvement Year-over-Year

    SOMERSET, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, was awarded a Silver Medal by EcoVadis, a globally recognized leader in business sustainability ratings, for the second consecutive year. This accolade places CompoSecure in the top 15% of companies globally and highlights its commitment to sustainability through its environmental, social, and governance (ESG) practices.

    CompoSecure is honored to have earned a second EcoVadis Silver Medal, a testament to our relentless drive for environmental progress,” said Greg Maes, COO of CompoSecure. “This achievement reflects the dedication of our employees, whose efforts each day propel us forward in our mission to enhance our ESG practices. We are grateful for their commitment and excited to continue making a positive impact.”

    CompoSecure’s received a 67 in 2024 versus 60 in 2023, demonstrating significant progress in integrating ESG principles into its operations. The company's performance was assessed by EcoVadis across four critical categories, including environment, labor & human rights, ethics, and sustainable procurement. This year, EcoVadis updated its benchmarking methodology, which the Company believes makes the score improvement even more impressive.

    Key ESG Highlights Contributing to the Silver Medal:

    • Environment: CompoSecure has expanded its use of recycled materials in its metal payment cards, which are made from 65% post-consumer recycled stainless steel, reducing environmental impact.
    • Labor & Human Rights: CompoSecure maintains fair labor practices and safe, inclusive working conditions across its operations, prioritizing the well-being of its workforce.
    • Ethics: The company aligns its ethical practices with global corporate responsibility and transparency standards.
    • Sustainable Procurement: CompoSecure upholds high standards for sourcing and procurement.

    EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. More than 130,000 companies globally have been rated by EcoVadis. EcoVadis’ business sustainability ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The ratings provide an evidenced-based analysis on performance and an actionable roadmap for continuous improvement.

    About CompoSecure

    Founded in 2000, CompoSecure (Nasdaq: CMPO) is a technology partner to market leaders, fintechs and consumers enabling trust for millions of people around the globe. The company combines elegance, simplicity and security to deliver exceptional experiences and peace of mind in the physical and digital world. CompoSecure’s innovative payment card technology and metal cards with Arculus security and authentication capabilities deliver unique, premium branded experiences, enable people to access and use their financial and digital assets and ensure trust at the point of a transaction. For more information, please visit www.CompoSecure.com and www.GetArculus.com.

    For CompoSecure

    Anthony Piniella
    Head of Communications 
    (917) 208-7724
    [email protected]

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    [email protected]


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