NexGen Cloud and NVIDIA to spearhead European AI supercloud

Headquartered in the UK, NexGen Cloud, the sustainable Infrastructure-as-a-Service provider, is dedicating a substantial $1 billion investment towards the establishment of an “AI Supercloud” within Europe to support the development and growth of AI enterprises. 

The company has already confirmed $576 million in hardware orders for this ambitious project. NexGen Cloud’s AI Supercloud services will be delivered from European datacentres powered exclusively by 100% renewable energy, supporting industries including healthcare, finance, as well as media and entertainment.

The AI Supercloud will provide a dedicated compute-intensive platform for Europe’s technology companies, organisations and governments, and enable them to execute sensitive AI applications and research within the European jurisdiction and privacy laws.

Deployment of this platform is scheduled to commence in October 2023, and it will feature over 20,000 Nvidia H100 Tensor Core GPUs. The full deployment is anticipated to be completed by June 2024, and access to this resource will be facilitated through NexGen Cloud’s hyperstack platform.

Chris Starkey, CEO of NexGen Cloud, commented: “AI is going to determine the economic success of nations and define the prosperity of their citizens. The AI Supercloud will empower businesses to gain competitive advantages in the next evolution of technology, all within the European jurisdiction and the data sovereignty and security that brings. Through our collaboration with NVIDIA, we are going to deliver an AI Supercloud that will ensure that European enterprises can be globally competitive and ahead of competition.”

Jaap Zuiderveld, Vice President of Sales and Marketing for EMEA at NVIDIA, stated: “NVIDIA compute power is the engine behind businesses looking to use the power of generative AI. The NexGen Cloud AI Supercloud will provide businesses across Europe with access to this high-end compute power, unlocking the true potential of AI and high-performance computing innovations to help them stay competitive in an evolving global economy.”

To help with the financing for its AI Supercloud, NexGen Cloud has partnered with Moore and Moore Investments Group (MMI) and created a dedicated fund, which has attracted investment from their private investors.

John Moore, Director of MMI, said: “The breakthroughs in AI technology and large language models in the past year represent a major moment for enterprises but has so far remained inaccessible and intimidating to private investors. The Hyperstack AI Supercloud represents a powerful way to drive AI use, meeting compute demand, whilst also democratising access to some of the most powerful GPU systems on the market. We believe firmly in the potential of this deployment and are excited to open up the opportunity in this venture to our investors.” 

NexGen Cloud is a member of the Nvidia Partner Network. The company is an Infrastructure as a Service company, providing high-performance GPU cloud computing solutions to customers.

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