Latest news with #NVIDIAH200
Business Wire
14-07-2025
- Business
- Business Wire
SHARON AI Announces Several Milestones for Intended 250MW AI Data Center Joint Venture in Texas
NEW YORK--(BUSINESS WIRE)--Sharon AI, Inc. ('SHARON AI'), a High-Performance Computing ('HPC') business focused on Artificial Intelligence ('AI') Compute Infrastructure which recently announced entry into a Business Combination Agreement with Roth CH Acquisition Co. (OTC Markets:USCTF), today provided an operational update for its joint venture, Texas Critical Data Centers LLC ('TCDC'), regarding an intended 250MW data center project in Ector County, Texas. TCDC, SHARON AI's joint venture with New Era Helium Inc. ('New Era Helium'), has signed a non-binding Letter of Intent with a prospective global enterprise customer. Under the terms outlined, the prospective customer may acquire land from TCDC and potentially enter into a power purchase agreement for up to 250 megawatts of behind-the-meter electricity, facilitated by TCDC, to support advanced data center operations and AI compute infrastructure. TCDC also announced that it has signed a second non-binding Letter of Intent with Grow Odessa, an economic development corporation, for the planned acquisition of an additional 203 acres, for a total of 438 acres. Grow Odessa assists local businesses with expansion and focuses on attracting new compatible industry to Odessa. TCDC expects to sign a definitive agreement for the acquisition of the initial 235 acres this month. Furthermore, TCDC received a proposal from the operator of a nearby gas transmission pipeline for natural gas transportation services. Work is continuing on overall site due diligence and planning for the air permit. The next project milestones are expected to include further updates on natural gas supply and the anticipated behind-the-meter power plant. Wolf Schubert, CEO of SHARON AI, commented 'We are pleased with our progress to date in the development of this project, particularly our engagement with a prospective global enterprise customer who is contemplating building a large-scale AI data center. This reflects the growing demand for AI compute infrastructure and the energy to run it.' About SHARON AI SHARON AI, Inc., is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. SHARON AI has a hybrid operational model that sees it deploy in co-location data centers as well as developing data center projects. With the expected addition of NVIDIA H200's to the company's GPU fleet in 2025, SHARON AI expects to be able to offer a wide range of AI/HPC GPUs as a Service (GPUaaS), including NVIDIA H200, H100, L40S, A40, RTX3090 and AMD MI300X. For more information, visit: About Roth CH Acquisition Co. Roth CH Acquisition Co. (OTC Markets: USCTF) is a blank check shell domiciled in the Cayman Islands. The company intends to enter into a business combination with a growth company to go public in the US markets through a reverse merger. No Offer or Solicitation This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any proxy, consent, authorization, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of the U.S. Securities Act of 1933, as amended. Additional Information About the Proposed Transaction for Investors and Shareholders In connection with the proposed transaction between Roth CH Acquisition Co. ('Roth CH') and SHARON AI (the 'Proposed Transaction'), Roth CH (or a subsidiary of Roth CH) has filed and intends to update relevant materials with the U.S. Securities and Exchange Commission (the 'SEC'), including a registration statement on Form S-4, initially filed in June 4 th, 2025, as amended, containing a proxy statement/prospectus of Roth CH. This press release is not a substitute for the registration statement or for any other document that Roth CH may file with the SEC in connection with the Proposed Transaction. SHARON AI AND ROTH CH URGE INVESTORS AND STOCKHOLDERS TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ROTH CH, SHARON AI, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed by Roth CH with the SEC (when they become available) through the website maintained by the SEC at In addition, investors and stockholders should note that Roth CH communicates with investors and the public using its website ( where anyone will be able to obtain free copies of the proxy statement/prospectus and other documents filed by Roth CH with the SEC, and stockholders are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the Proposed Transaction. Participants in the Solicitation Roth CH, SHARON AI and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the Proposed Transaction. Information about Roth CH's directors and executive officers including a description of their interests in Roth CH is included in Roth CH's most recent Annual Report on Form 10-K, including any information incorporated therein by reference, as filed with the SEC. Additional Information regarding these persons and their interests in the transaction will be included in the proxy statement/prospectus relating to the Proposed Transaction when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above. Forward Looking Statements: This press release may contain forward-looking statements that are not historical facts. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and other future conditions. In some cases you can identify these statements by forward-looking words such as 'believe,' 'may,' 'will,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'could,' 'should,' 'would,' 'project,' 'plan,' 'expect,' 'goal,' 'seek,' 'future,' 'likely' or the negative or plural of these words or similar expressions. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Roth CH's or SHARON AI's management team's expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the Proposed Transaction; expectations regarding service and product offerings and the developments of TCDV. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include: the risk that the conditions to the closing or consummation of the Proposed Transaction are not satisfied, including the failure to obtain stockholder approval for the Proposed Transaction; uncertainties as to the timing of the consummation of the Proposed Transaction and the ability of each of Roth CH and SHARON AI to consummate the transactions contemplated by the Proposed Transaction; risks related to Roth CH's and SHARON AI's ability to correctly estimate their respective operating expenses and expenses associated with the Proposed Transaction, as applicable, as well as uncertainties regarding the impact any delay in the closing would have on the anticipated cash resources of the resulting combined company upon closing and other events and unanticipated spending and costs that could reduce the combined company's cash resources; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Proposed Transaction by either company; the effect of the announcement or pendency of the Proposed Transaction on Roth CH's or SHARON AI's business relationships, operating results and business generally; costs related to the business combination; the outcome of any legal proceedings that may be instituted against Roth CH, SHARON AI, or any of their respective directors or officers related to the business combination agreement or the transactions contemplated thereby; the ability of Roth CH or SHARON AI to protect their respective intellectual property rights; competitive responses to the Proposed Transaction; unexpected costs, charges or expenses resulting from the Proposed Transaction; whether the combined business of Roth CH and SHARON AI will be successful; legislative, regulatory, political and economic developments; and additional risks described in the 'Risk Factors' section of Roth CH's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. The forward-looking statements and other information contained in this news release are made as of the date hereof and neither Roth CH nor SHARON AI undertakes any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Business Insider
03-07-2025
- Business
- Business Insider
AI Daily: Robinhood under pressure as OpenAI says tokens aren't equity
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly: Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. TOKENS NOT EQUITY: Shares of Robinhood (HOOD) were under pressure after Microsoft (MSFT)-backed OpenAI said its tokens aren't equity. In a post on X, OpenAINewsroom stated, 'These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval-we did not approve any transfer.' RECRUITMENT: Meta's (META) multimillion-dollar budget for recruiting top AI talent does not guarantee success, Saritha Rai and Haslinda Amin of Bloomberg reports, citing comments made by Helen Toner, a former OpenAI board member. The poaching of AI researcher from companies such as Microsoft-backed (MSFT) OpenAI and the debut of Meta's new Superintelligence group comes after the company developed a reputation for 'having a dysfunctional team,' Toner said in an interview. FIRST DEPLOYMENT: CoreWeave (CRWV) said in a blog post, 'At CoreWeave, we don't follow a traditional roadmap for building AI infrastructure. We're pioneering AI infrastructure while engineering faster and smarter. Building on our legacy as the first AI cloud provider to provide access to the NVIDIA (NVDA) HGX H100 system, NVIDIA H200, and NVIDIA GB200 NVL72, we continue to accelerate the pace of AI innovation with an industry-first bring-up of NVIDIA's latest cutting-edge platform, NVIDIA GB300 NVL72, which is housed within Dell 's (DELL) integrated rack scale system. The NVIDIA GB300 NVL72 represents a significant leap in performance for AI reasoning workloads, delivering up to a 10x boost in user responsiveness and a 5x improvement in throughput per watt compared to the previous generation NVIDIA Hopper architecture. That translates into a staggering 50x increase in output for reasoning model inference, empowering you to develop and deploy larger, more complex AI models that are exponentially faster than ever before… This first deployment of the NVIDIA GB300 NVL72 on CoreWeave's cloud is just the beginning of a much bigger story. As AI models continue to rapidly grow in size and complexity, the need for purpose-built AI infrastructure will only continue to grow at the same pace. We are excited to drive this transformation, empowering the planet's leading AI labs and enterprises to continuously push the boundaries of what's possible.'
Yahoo
27-01-2025
- Business
- Yahoo
VCI Global Acquires Cutting-Edge NVIDIA H200 AI Chips Via Supermicro to Supercharge AI Cloud Business
The Company Invests Over US$25 Million in 512 NVIDIA H200 GPUs to Drive 20% Earnings Growth KUALA LUMPUR, Malaysia, Jan. 27, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ('VCI Global'), through its AI subsidiary, AI Computing Center Malaysia Sdn. Bhd. ('AICC' or the 'Company') proudly announces a major AI asset acquisition through Super Micro Computer, Inc. (NASDAQ: SMCI) ('Supermicro'). This strategic investment entails the procurement of state-of-the-art 64 Supermicro servers equipped with 512 NVIDIA H200 Tensor Core Graphics Processing Units ('NVIDIA H200 GPUs'), for the launch of its AI cloud business. AICC's investment of over US$25 million marks a significant milestone in its journey to becoming a leading AI infrastructure provider. This investment is expected to generate approximately US$6 million in annual revenue, representing a projected 20% increase in earnings by 2026. The AICC's first AI computing center, located in Cyberjaya, Malaysia, is slated to go live in Q2 2025. The NVIDIA H200 GPUs represent a groundbreaking leap in AI technology. As the newest innovation in the NVIDIA's Hopper family, the NVIDIA H200 GPUs features exceptional performance capabilities, including advanced tensor cores and enhanced memory bandwidth, enabling it to efficiently process vast datasets and perform complex computations. Its architecture is specifically designed to accelerate large-scale AI and high-performance computing (HPC) workloads, making it an ideal choice for generative AI, natural language processing, and advanced machine learning models. 'Through this strategic investment, AICC is proud to be the first in Malaysia to provide AI cloud services powered by NVIDIA H200 GPUs. This acquisition of state-of-the-art AI assets not only unlocks a new revenue stream for AICC but also reinforces its position in advancing AI cloud services. We are confident in the growth of our AI cloud business, leveraging opportunities in the cloud computing industry while further strengthening Malaysia's AI ecosystem and contributing to its economic development,' said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale. For more information on the Company, please log on to About Super Micro Computer, Inc. Supermicro is a global technology leader committed to delivering first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure. We are a Rock-Scale Total IT Solutions provider that designs and builds an environmentally friendly and energy saving portfolio of servers, storage systems, switches, software, along with global support services. For more information, please visit . Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ('SEC'). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@
