NVIDIA Purchased SwiftStack for an Undisclosed Price
Daniel Johnson — March 7, 2020 — Business
References: swiftstack & techcrunch
NVIDIA recently acquired SwtiftStack, which is an organization that runs a data management system. The CPO of the newly purchased company, Joe Arnold, released a statement, “We couldn’t be more thrilled to work with the talented folks at NVIDIA and look forward to contributing to its world-leading accelerated computing solutions.” Arnold also stated that SwiftStack technology is already being used in NVIDIA's GPU and AI operations.
SwiftStack also has a history working on AI support systems, including working with high-level computing systems, as well as accelerated computing workloads, which was an enticing factor for NVIDIA. The two companies did not indicate the exact price of the acquisition.
Overall the purchase appears to be mutually beneficial for both organizations.
Image Credit: SwiftStack
SwiftStack also has a history working on AI support systems, including working with high-level computing systems, as well as accelerated computing workloads, which was an enticing factor for NVIDIA. The two companies did not indicate the exact price of the acquisition.
Overall the purchase appears to be mutually beneficial for both organizations.
Image Credit: SwiftStack
Trend Themes
1. Data Management System Integration - The acquisition of SwiftStack by NVIDIA highlights the trend of integrating data management systems into larger technological solutions.
2. AI Support Systems - SwiftStack's expertise in AI support systems presents disruptive innovation opportunities within the artificial intelligence industry.
3. Accelerated Computing Workloads - The acquisition of SwiftStack by NVIDIA signifies the trend of incorporating accelerated computing workloads into comprehensive computing solutions.
Industry Implications
1. Technology Integration - The acquisition of SwiftStack by NVIDIA showcases the potential for disruptive innovations in the field of technology integration.
2. Artificial Intelligence - SwiftStack's AI support systems expertise offers opportunities for disruptive innovation within the artificial intelligence industry.
3. Computing Solutions - The acquisition of SwiftStack by NVIDIA presents disruptive innovation opportunities in the computing solutions industry, particularly in relation to accelerated computing workloads.
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