AI Daily: Bloom Energy jumps on expanded Oracle deal

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.

Claim 55% Off TipRanks

EXPANDED PARTNERSHIP: Bloom Energy (BE) announced an expanded partnership with Oracle (ORCL) to support the rapid buildout of its AI and cloud computing infrastructure. Under a master services agreement, Oracle intends to procure up to 2.8 gigawatts of Bloom’s fuel cell systems. As part of this agreement, an initial 1.2 GW of capacity has been contracted, with deployment underway and continuing into next year. Bloom’s fuel cells will support Oracle projects in the U.S. and help meet demand for its cutting-edge cloud infrastructure. The expanded partnership underscores Bloom’s capability to provide fast, reliable power suited for AI workloads, which require rapid, load-following support that traditional grids were not designed to deliver. Bloom’s systems are built to support higher-density AI workloads more efficiently, with a technology platform aligned to emerging standards such as 800 V dc.

UNDER SCRUTINY: OpenAI’s $852B valuation is under scrutiny from backers as the group switches focus to the enterprise market and handling competition from Anthropic, George Hammond of The Financial Times reports. A series of deals, initiatives, and abandoned projects have been designed to defend ChatGPT’s dominance among consumers while also taking on Anthropic in the market for corporate AI tools. Some investors believe the changes could leave OpenAI vulnerable to Anthropic and Google (GOOGL) while it prepares for an initial public offering as early as this year.

NVIDIA ISING: Nvidia (NVDA) announced the world’s first family of open source quantum AI models, Nvidia Ising, designed to help researchers and enterprises build quantum processors capable of running useful applications. Named after a landmark mathematical model that dramatically simplified the understanding of complex physical systems, the Nvidia Ising family provides high-performance, scalable AI tools for quantum error correction and calibration – two of the most critical challenges in building hybrid-quantum classical systems. Ising models run the world’s best quantum processor calibration and enable researchers to tackle much larger, more complex problems with quantum computers by delivering up to 2.5 times faster performance and 3 times higher accuracy for the decoding process needed for quantum error correction, the company said. Nvidia added that Nvidia Ising complements the Nvidia CUDA-Q software platform for hybrid quantum-classical computing and integrates with the Nvidia NVQLink QPU-GPU hardware interconnect for real-time control and quantum error correction, providing researchers and developers with a full suite of tools needed to “turn today’s qubits into tomorrow’s accelerated quantum supercomputers.”

PARTNERSHIP: Cloudflare (NET) announced a partnership with cloud and AI security leader Wiz, now part of Google Cloud (GOOGL), to give security teams a unified way to analyze and protect AI-powered applications across their entire environment. By integrating the power of Cloudflare’s AI Security for Apps directly into the Wiz Security Graph, organizations will gain access to their entire AI footprint, and the tools needed to secure it.