NexGen Cloud, the sustainable Infrastructure-as-a-Service provider, announced plans and funding for one of Europe’s first AI Supercloud deployments to support the development and growth of AI enterprises.
UK-based NexGen Cloud, an Elite member of the NVIDIA Partner Network, plans to invest $1 billion to build its AI Supercloud in Europe, with $576 million already committed in hardware orders with suppliers. The AI Supercloud will provide a dedicated compute-intensive platform for Europe’s technology companies, organisations and governments, enabling them to execute sensitive AI applications and research within the European jurisdiction and privacy laws.
The AI Supercloud, set to begin deployment in October 2023, will also help meet increasing demand for accelerated computing spurred by the technology industry’s growing interest in using generative AI and other artificial intelligence applications to drive innovation and improve efficiency. It will also ensure regional and cost-effective access to GPU cloud services for European enterprises and scale-ups.
NexGen Cloud’s AI Supercloud services will be delivered from European datacentres powered exclusively by 100% renewable energy, supporting industries including healthcare, finance, and media and entertainment.
The European AI Supercloud will eventually consist of more than 20,000 NVIDIA H100 Tensor Core GPUs by June 2024, providing enterprises with access to one of the world’s most powerful GPU-accelerated platforms.
“AI is going to determine the economic success of nations and define the prosperity of their citizens,” states Chris Starkey, CEO of NexGen Cloud. “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.”
“NVIDIA compute power is the engine behind businesses looking to use the power of generative AI,” said Jaap Zuiderveld, vice president of sales and marketing for EMEA at NVIDIA. “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.
Access to the AI Supercloud over the next 12 months will be provided through NexGen Cloud’s recently announced Hyperstack platform, an NVIDIA GPU-accelerated cloud platform that enables direct-to-compute, GPU-accelerated cloud access for the European market. The company is already taking pre-orders for its first deployment in October.
“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 to private investors,” said John Moore, director of MMI. “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.”