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Data Center News > Blog > Edge Computing > DeepGreenX and Veea forge $140B alliance to build AI-powered virtual energy grid
Edge Computing

DeepGreenX and Veea forge $140B alliance to build AI-powered virtual energy grid

Last updated: November 26, 2024 10:37 pm
Published November 26, 2024
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DeepGreenX and Veea forge $140B alliance to build AI-powered virtual energy grid
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DeepGreenX and hyper-converged multi-access community supplier Veea have fashioned a world strategic partnership to implement an AI-driven digital vitality grid.

The initiative entails a $140 billion lease-financed infrastructure rollout over the following 5 years. Veea will present a cyber safe edge computing platform to assist the vitality market’s working system.

The partnership goals to speed up the transition to world inexperienced vitality by means of a Internet 3.0 platform-as-a-service (PaaS).

As much as $2.8 billion in lease financing is deliberate for Veea Edge Platform in 2025 as a part of a $10 billion funding. The platform will combine sustainable vitality sources and allow buying and selling of carbon credit on DeepGreenX’s world ECEx change.

Veea’s expertise will facilitate real-time purposes of contextual AI for vitality administration and carbon credit score buying and selling.

The partnership goals to deal with urgent vitality challenges by means of progressive options and decentralized infrastructure. Veea’s Edge AI OS helps federated studying for AI mannequin coaching and inferencing on the edge.

The collaboration consists of partnerships with main tech firms like Nvidia and Qualcomm for enhanced capabilities.

The platform will allow peer-to-peer vitality buying and selling and enhance provide chain administration by means of predictive analytics. DeepGreenX focuses on digital transformation and monetization of inexperienced vitality property globally.

Veea focuses on edge computing and cybersecurity options for numerous industries, together with sensible cities and logistics.

Each firms emphasize the significance of a market-based method to vitality manufacturing and distribution.

Associated

DeepGreenX  |  edge AI  |  edge computing  |  vitality  |  Veea

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See also  Snowflake Build 2024: the 4 biggest announcements
TAGGED: 140B, AIpowered, Alliance, Build, DeepGreenX, Energy, forge, Grid, Veea, virtual
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