Applied Digital Secures Contract With AI Customer, Together AI; Applied Digital Received A Contract Prepayment Of $18M As Part Of The $75M Contract, In Connection With Which It Has Fully Onboarded One Compute Cluster Of GPUs And Has Provided Access To Its Second Cluster
Portfolio Pulse from Benzinga Newsdesk
Applied Digital Corporation (APLD) has secured a $75M contract with AI company Together AI, receiving an $18M prepayment. APLD has onboarded one compute cluster of GPUs for Together AI and provided access to a second cluster, featuring H100 GPUs and NVLink technology. This partnership aims to meet the demands of AI and HPC markets, with APLD's infrastructure designed for high-performance computing applications.
March 14, 2024 | 12:11 pm
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Applied Digital Corporation (APLD) has entered into a significant $75M contract with Together AI, including an $18M prepayment, to provide advanced computing infrastructure for AI and HPC applications.
The announcement of a substantial contract with Together AI, including a significant prepayment, is likely to be viewed positively by investors and could lead to increased investor confidence in APLD's business model and growth prospects. The focus on AI and HPC markets, which are expected to experience exponential growth, further underscores the strategic importance of this partnership.
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