Applied Digital: An Emerging Player in the AI Infrastructure Market
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Applied Digital focuses on the development and operation of digital infrastructure for high-performance computing and AI. Billion-dollar deal with CoreWeave: Applied Digital has signed two 15-year lease agreements with the Nvidia-backed AI cloud provider CoreWeave. These include 250 MW of computing power and could generate up to $7 billion in revenue. Strategic realignment towards AI infrastructure: The company is transforming from a hosting service provider to a provider of highly specialized AI data centers and aims to convert into a...
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