LiveRamp (RAMP), a U.S. software firm, has added Nvidia’s (NVDA) technology to its Clean Room platform, a private space that allows users to connect without exposing their personal data. The SaaS company revealed that the new move will help train and roll out AI models up to 15 times faster than older CPU-based setups. Notably, after the announcement, LiveRamp shares soared more than 2.5%, jumping to $30 as investors reacted to the new deal.
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NVDS: built for a short position on NVDALiveRamp Brings Nvidia GPUs into Its AI Platform
LiveRamp announced on April 27 that it has added Nvidia’s graphics processing units (GPUs) to its Clean Room system. The update is part of its plan to support more demanding AI workloads while keeping data secure.
Furthermore, the new integration will make it easier for brands and AI partners using LiveRamp’s system to work together. It allows brands to keep their data while developers can use existing models without having to rebuild them from scratch. At the same time, it allows AI partners to train and run their own models without exposing sensitive data, making the platform more secure.
Partnership Strengthens Growth Outlook for Companies
Notably, LiveRamp serves over 900 brands, publishers, and platforms, making it one of the largest within the sector. The company’s decision to upgrade its system with Nvidia’s GPUs is set to improve its position in the AI-powered marketing sector, as it can now support large-scale AI use cases.
Matt Karasick, the Chief Product Officer at LiveRamp, noted that the update will allow users to access high-performance computing more easily across its platform. At the same time, Jamie Allan, a Senior Leader at Nvidia, said the deal will help marketers boost their operations as the processing times are now faster.
Although the company has not fully released this upgrade, it may be available later this year. This is because they are testing performance to make sure everything runs smoothly before it launches fully.
For LiveRamp, the recent move helps it strengthen its platform by linking brands with external AI partners in a secure space. For Nvidia, the deal expands the use of its GPU tech into advertising and data work, giving it new room to grow beyond its main AI markets.
Is LiveRamp a Good Buy?
Wall Street analysts rate LiveRamp (RAMP) as a Strong Buy based on TipRanks consensus data. The stock currently trades near $30 after jumping over 2.5% today. Analysts have projected an average price target of $36.2 with an upside potential of about 20.9% for this stock. For more information on this stock’s performance, ratings, and price target, visit the TipRanks Stocks Comparison Center.
