GENAI ANNOUNCES TERMINATION OF SUPPLY AGREEMENT
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GenAI has terminated its GPU supply agreement with a Silicon Valley customer and plans to enter a new sales agreement for GPU supply. This change affects its subsidiary, MAI Cloud Solutions, which was to provide AI compute services using NVIDIA H100 GPUs.
November 06, 2024 | 11:00 pm
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GenAI has terminated its GPU supply agreement with a Silicon Valley customer, impacting its subsidiary MAI Cloud's AI compute services using NVIDIA H100 GPUs.
The termination of the GPU supply agreement could negatively impact GenAI's revenue and operations in the short term, as it affects the planned AI compute services. The announcement of a new sales agreement may mitigate some negative effects, but uncertainty remains.
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