NEWS
DeepGreenX and Sente Ventures announce framework agreement for $ 25bn green infrastructure investment program
solutions for DeepGreenX ’ s AI-powered data financialization platform , significantly increasing their profitability relative to traditional green investment programs .
DeepGreenX , an AI-enabled green energy and technology company , and Sente Ventures ( Sente ) have announced a framework agreement for creating a five-year $ 25 billion strategic investment program for companies providing solutions for clean energy generation , virtual grids , battery storage , microreactor power and data center infrastructure and enabling technologies to support data centers and computing hubs .
Under the framework agreement , DeepGreenX and Sente will use the Program to capture sustainability customers and deep technology
“ Green energy companies and projects have historically been heavily dependent upon favorable subsidies and regulations and therefore highly temporal ,” said Barclay Knapp , CEO , DeepGreenX . “ We expect the Program to open new pathways for green energy companies and projects , while DeepGreenX in parallel builds an international capital sourcing and data-driven platform that is designed to prevail over these legacy challenges . We welcome the opportunity to partner with Sente , which has significant expertise in complex battery , data center and quantum computing power technologies .”
Serhat Cicekoglu , Founder and CEO , Sente , said : “ DeepGreenX ’ s platform is a paradigm shift for the industry , creating independent profitability for these companies and their deployment projects , thus making them highly attractive standalone investments .”
The program will be funded by DXG-Hues , DeepGreenX ’ s joint venture with Hues Capital , deploying two $ 5 billion funds focused on green energy , AI and computing power projects in the US , Europe , and Southeast Asia , with pipelines that include investment target companies from the Tencent and Softbank ecosystems .
US firms look to public clouds for AI scale and intelligence
Enterprise adoption of AI technologies is the main driver of growing US demand for public cloud services over the past year , according to a new research report published by Information Services Group ( ISG ).
The 2024 ISG Provider Lens Multi Public Cloud Services report for the US finds many firms are turning to cloud platforms for scalable , ondemand computing power , storage , tools and AI-specific services .
“ AI and cloud computing have a close symbiotic relationship ,” said Anay Nawathe , ISG cloud delivery lead for the Americas . “ Increasing
AI adoption in the coming years will create significant growth in the public cloud industry .”
GenAI is gaining traction at US enterprises , but companies are still exploring it cautiously , ISG says . Most GenAI deployments are proofs of concept to better understand the technology ’ s potential applications and broader implications . Enterprises are testing GenAI in several areas , including content creation and personalized marketing , but most customer-facing applications are not yet in production . Service providers are guiding clients through the early stages of this transformation .
The report says most large companies are seeking industry-specific solutions that optimize existing workloads while midsize enterprises prioritize affordability and rapid deployment of outcome-focused cloud transformations .
As US enterprises deploy more AI-related workloads , they seek immediate cost savings to balance the growing demands of digital transformation with tight budgets , the report says . While public cloud infrastructure gives companies greater flexibility , it often leads to complex billing structures and unexpected costs if not managed effectively .
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