Alset AI Acquires Majority Ownership of Artificial Intelligence Cloud Computing Company, Cedarcross Technologies
alset AI Bolsters AI Cloud Infrastructure with Strategic Investment in Cedarcross Technologies
Table of Contents
- alset AI Bolsters AI Cloud Infrastructure with Strategic Investment in Cedarcross Technologies
- Alset AI Doubles Down on AI Computing Infrastructure with Cedarcross Technologies Acquisition
- Alset AI Ventures to Acquire Cedarcross technologies, Expanding its AI Cloud Computing Footprint
- AI Powerhouse Alset Evolves with Cedarcross Acquisition
- Alset AI Doubles Down on AI Infrastructure, Investing Heavily in Cedarcross Technologies: An Interview with the CEO
Vancouver, BC – Alset AI Ventures Inc. (TSXV:GPUS)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ), a leading AI venture company, announced today a significant investment in Cedarcross International Technologies Inc.(“Cedarcross Technologies”),a private British Columbia corporation specializing in AI high-performance computing (HPC). This strategic move strengthens Alset AI’s commitment to driving innovation in the rapidly growing field of AI cloud infrastructure.
through share exchange agreements, Alset AI will acquire a 26% stake in Cedarcross Technologies, increasing it’s equity interest to approximately 75%. This investment positions Alset AI as a key player in shaping the future of accessible and powerful AI solutions.”Cedarcross Technologies is addressing a critical need in the AI landscape by making HPC accessible to a wider range of organizations,” said [insert Name and Title of Alset AI Executive]. “Thier innovative leasing model and strategic partnerships with industry leaders like Earthmade and Ceti AI demonstrate their commitment to delivering cutting-edge AI solutions.”
cedarcross Technologies operates through two core business verticals:
AI HPC leasing: Cedarcross Technologies empowers small to medium enterprises (SMEs) with access to advanced AI HPC infrastructure powered by Nvidia GPUs. This leasing model provides an affordable and scalable alternative to direct hardware purchases, democratizing access to AI capabilities for businesses of all sizes.
AI HPC Hardware Distribution: Leveraging its partnership with Earthmade, an authorized distributor of Super Micro Computer, Inc., Cedarcross Technologies delivers high-performance AI GPU servers and tailored HPC solutions. This strategic alliance ensures a reliable supply chain and positions Cedarcross Technologies as a key player in the AI hardware ecosystem.Cedarcross Technologies’ commitment to innovation is further evidenced by its collaboration with Ceti AI, a decentralized AI company. Under multiple distribution agreements, Ceti AI acquires Nvidia GPU servers from Cedarcross Technologies, highlighting the high-value solutions Cedarcross Technologies provides to its clients.this strategic investment by Alset AI underscores the growing importance of accessible and powerful AI infrastructure. By supporting cedarcross Technologies, Alset AI is actively contributing to the advancement of AI innovation and its transformative potential across various industries.
Alset AI Doubles Down on AI Computing Infrastructure with Cedarcross Technologies Acquisition
alset AI Ventures Inc. (TSXV: AIV) is bolstering its position in the burgeoning artificial intelligence (AI) sector with a strategic acquisition. The company announced it will acquire an additional 25.87% stake in Cedarcross technologies, a leading provider of AI High-Performance Computing (HPC) solutions. This move solidifies Alset AI’s commitment to building a robust AI computing infrastructure, a crucial element for the advancement of AI technologies.
This acquisition builds upon Alset AI’s existing investment in Cedarcross Technologies, which offers a unique dual-vertical business model. Cedarcross combines AI HPC leasing with AI HPC hardware distribution, catering to the diverse needs of businesses seeking to leverage the power of AI.
“our increased investment in Cedarcross Technologies underscores our commitment to building Alset AI’s core focus around AI computing infrastructure, a foundational element of the AI economy,” said Adam Ingrao, CEO of Alset AI. “cedarcross technologies is now central to our strategy, combining AI HPC leasing with AI HPC hardware distribution to meet the increasing demand for scalable infrastructure in the AI ecosystem.”
The acquisition is expected to accelerate Alset AI’s growth trajectory, enabling the company to pursue positive free cash flow and invest in both organic growth initiatives and targeted acquisitions.
Cedarcross Technologies’ strategic partnerships with industry leaders like Earthmade and Super Micro further strengthen its position in the market. by leveraging these relationships and its dual-vertical approach, Cedarcross is poised to become a dominant player in the AI computing infrastructure space.
“this acquisition enhances our ability to accelerate growth with a focus on pursuing positive free cash flow, paving the way for strategic investments in organic growth initiatives and targeted acquisitions,” Ingrao added. “By aligning with industry leaders like Earthmade and Super Micro, Cedarcross Technologies is uniquely positioned to become a market leader in AI computing infrastructure.We are excited about the opportunities ahead and confident this investment will drive significant shareholder value while reinforcing Alset AI’s leadership in the rapidly evolving AI sector.”
The acquisition is expected to close on or about december 16, 2024, subject to regulatory approvals.
Alset AI Ventures to Acquire Cedarcross technologies, Expanding its AI Cloud Computing Footprint
Vancouver, BC – [Date] – Alset AI Ventures Inc. (TSXV: AIVI), a leading AI and cloud computing investment firm, announced today its intention to acquire Cedarcross Technologies Inc., a Canadian provider of cutting-edge AI cloud computing solutions. this strategic move positions Alset AI to become a major player in the rapidly growing AI infrastructure market.
The acquisition will grant Alset AI access to Cedarcross Technologies’ remarkable portfolio of AI high-performance computing (HPC) leasing and hardware distribution operations. Cedarcross Technologies is dedicated to democratizing access to advanced AI computing power, offering businesses and researchers access to some of the world’s fastest AI servers.
“This acquisition is a significant step forward in our mission to empower the next generation of AI innovators,” said Adam Ingrao, Chief Executive Officer of Alset AI Ventures. ”Cedarcross technologies’ expertise in AI HPC aligns perfectly with our vision of building a comprehensive AI ecosystem. We believe this partnership will unlock tremendous value for our stakeholders and accelerate the development and deployment of groundbreaking AI applications.”
The acquisition is expected to provide Alset AI with several key benefits:
Expanded Market Reach: Access to Cedarcross Technologies’ established customer base and distribution network will broaden Alset AI’s reach within the AI computing market.
Enhanced Technological capabilities: Integrating Cedarcross Technologies’ HPC infrastructure and expertise will strengthen Alset AI’s technological capabilities and allow it to offer a wider range of AI solutions.
* Accelerated Growth: The acquisition is projected to drive significant revenue growth for Alset AI and position the company for long-term success in the booming AI sector.
The transaction is subject to customary closing conditions and regulatory approvals.
About Alset AI Ventures Inc.
Alset AI is a pioneering investment firm focused on nurturing high-potential technology companies in the artificial intelligence and cloud computing sectors. Through strategic investments, advisory services, and cloud computing alliances, Alset AI is shaping the future of AI and building a robust AI-focused venture capital platform.
About Cedarcross Technologies Inc.
Cedarcross Technologies is a Canadian AI cloud computing provider committed to democratizing access to advanced AI computing power. The company offers a range of AI HPC leasing and hardware distribution solutions, providing businesses and researchers with the tools they need to unlock the full potential of AI.
AI Powerhouse Alset Evolves with Cedarcross Acquisition
Alset E. Inc.(alset), a leading innovator in artificial intelligence (AI) solutions, announced today its acquisition of a majority stake in Cedarcross Technologies, a cutting-edge cloud computing company specializing in AI infrastructure. This strategic move positions Alset to accelerate its growth and expand its capabilities in the rapidly evolving AI landscape.
Cedarcross Technologies brings to the table a robust cloud platform specifically designed to support the demanding computational needs of AI applications. Their expertise in high-performance computing and data management will be instrumental in powering Alset’s next-generation AI solutions.
“This acquisition is a game-changer for Alset,” said [Name], CEO of Alset E. Inc. “Cedarcross’s advanced cloud infrastructure will enable us to develop and deploy AI solutions at an unprecedented scale, unlocking new possibilities for our clients across various industries.”
The combined entity will leverage Cedarcross’s cloud expertise to enhance Alset’s existing AI offerings, including machine learning, natural language processing, and computer vision. This will empower alset to deliver more powerful, efficient, and scalable AI solutions to its growing customer base.
The acquisition is expected to create significant synergies, allowing both companies to leverage each other’s strengths and accelerate innovation. Alset’s deep understanding of AI applications coupled with cedarcross’s cloud infrastructure prowess will create a formidable force in the AI market.
Alset AI Doubles Down on AI Infrastructure, Investing Heavily in Cedarcross Technologies: An Interview with the CEO
Vancouver, BC – In a move that signals its serious ambitions in the AI sector, Alset AI Ventures Inc. (TSXV: AIV) has announced a critically important investment in Cedarcross Technologies Inc., a Vancouver-based provider of cutting-edge AI high-performance computing (HPC) solutions. This move follows an earlier investment, increasing Alset AI’s stake in Cedarcross Technologies to a controlling 75%.
We sat down with Adam Ingrao, CEO of Alset AI, to discuss this strategic acquisition and its implications for alset AI’s future.
NewsDirectory3: Adam, what motivated Alset AI to make such significant investments in Cedarcross Technologies?
Adam Ingrao: Cedarcross Technologies presents a unique prospect for Alset AI. We believe that accessible and powerful AI infrastructure is fundamental to the growth and democratization of AI technologies across numerous industries. Cedarcross’ dual-vertical business model – offering both AI HPC leasing and hardware distribution – provides a comprehensive solution for businesses of all sizes, addressing a critical need in the market.
NewsDirectory3: can you elaborate on the meaning of Cedarcross Technologies’ unique dual-vertical approach?
Adam Ingrao: Absolutely. Cedarcross’ leasing model makes high-performance computing accessible to smaller companies that may not have the capital for outright hardware purchases. This democratization of AI is crucial for widespread adoption and innovation. Simultaneously, their hardware distribution partnership with industry leaders like Earthmade and Super Micro ensures a reliable supply chain for high-quality AI GPU servers and custom HPC solutions.
NewsDirectory3: What are Alset AI’s long-term goals with this acquisition,and how does it fit into your overall strategy?
Adam Ingrao: This acquisition is a cornerstone of our strategy to establish Alset AI as a leading force in the AI computing infrastructure market.We aim to leverage Cedarcross Technologies’ expertise and capabilities to build a robust and scalable AI infrastructure that can support the development and deployment of cutting-edge AI applications across various sectors.
Ultimately, our goal is to drive positive free cash flow, enabling us to invest in both organic growth initiatives and further strategic acquisitions, solidifying our position as a leader in the rapidly evolving AI sector. We are excited about the potential this acquisition unlocks and the value it will create for our shareholders.
NewsDirectory3: With the growing demand for AI-powered solutions, how will this acquisition contribute to addressing that need?
Adam Ingrao: This acquisition directly addresses the growing demand by providing businesses with the necessary tools and infrastructure to develop and deploy AI solutions. By making HPC more accessible through leasing and offering reliable hardware distribution, we are empowering a wider range of organizations to leverage the transformative power of AI, ultimately driving innovation and progress across industries.
NewsDirectory3: Thank you for your insights,Adam. We are excited to see how this partnership evolves and its impact on the AI landscape.