New $1 Billion ‘AI Supercloud’ to Power Business AI WorkloadsNew $1 Billion ‘AI Supercloud’ to Power Business AI Workloads

U.K.-based NexGen Cloud is gearing up to launch an ‘AI Supercloud’ service to power high-performance computing for AI applications.

The project is designed to meet the increasing demand for computing resources amid the generative AI wave. NexGen’s Supercloud platform aims to offer cost-effective access to GPU cloud services for European businesses and startups.

The company plans to invest $1 billion in the project – with some $576 million already earmarked for hardware from suppliers.

Among the hardware set to power the Supercloud will be more than 20,000 H100 GPUs from Nvidia, which are expected to arrive by June 2024. Access to the AI Supercloud will be provided via NexGen’s recently announced Hyperstack platform, a GPU-accelerated cloud platform powered by Nvidia tech that enables direct-to-compute, GPU-accelerated cloud access for the European market.

The project will “empower businesses to gain competitive advantages in the next evolution of technology,” said NexGen Cloud CEO Chris Starkey.

NexGen Cloud’s Supercloud project is the latest in a growing number of solutions aimed at capitalizing on the growing demand for hardware to power AI. Last month, Hugging Face launched a Training Cluster as a Service solution, while the U.S. government even halved the price to ‘rent out’ its Perlmutter supercomputer. The intense demand for hardware saw Nvidia ship some 900 tons of H100 GPUs in the second quarter, according to analysts at sister research firm Omdia.

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