Issued on behalf of Avant Technologies Inc.
VANCOUVER, BC, Oct. 23, 2024 /CNW/ -- In the last few years, the market has witnessed a data-driven revolution, rapidly sparked by data-intensive applications like artificial intelligence. However, with the skyrocketing demand for data center capacity, so too is the strain on the electrical grid and a major hurdle slowing sustainability efforts. According to the World Economic Forum, data volumes are soaring, and the ICT sector needs to move to sustainably handle the surge. Behind the scenes are several developers working diligently to smooth out the transition into an AI-powered world, including new developments from Avant Technologies Inc. (OTCQB: AVAI), Arista Networks, Inc. (NYSE: ANET), Broadcom Inc. (NASDAQ: AVGO), Snowflake Inc. (NYSE: SNOW), and Oracle Corporation (NYSE: ORCL).
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