Mr. Anthony Brown reports

AMPD SIGNS DEAL WITH VARIATIONAL AI FOR MACHINE LEARNING COMPUTE AT DC1

AMPD Ventures Inc. has signed a deal with Variational AI Inc. to supply machine-learning infrastructure hosted at AMPD's DC1 sustainable data centre. Variational AI is the developer of Enki, an artificial intelligence-powered small molecule discovery service designed to help discover new molecules for pharma research.

Variational is building on the founders' expertise in machine learning, reflected in more than 40 publications in the area of artificial intelligence research.

Variational uses graphics processing units (GPU) to perform the complex calculations that enables it to discover novel molecules that may be used to develop new drugs. GPUs are a critical component of high-performance computing for artificial intelligence and machine learning. While a central processing unit (CPU) is good at handling multiple tasks, GPUs are typically designed to handle a few specific tasks very fast in parallel. So far, these tasks have also included the mining of crypto currencies and processing the high-quality graphics of the latest three-dimensional games. GPUs can solve the complex math problems for certain things like machine learning better than traditional CPUs.

"For the type of computing we need, GPUs are the only option," said Variational AI co-founder and chief executive officer Handol Kim. "AMPD was able to understand what we are trying to achieve and simply had the best solution on the market for our needs. We are starting off with a 16-GPU system hosted at AMPD's DC1 data centre and we expect to grow to 128 GPUs during the rest of 2020. AMPD was able to meet our needs today and, for the foreseeable future, with their scalable platform and understanding of how GPUs are used for artificial intelligence applications."

"Canada has been emerging as a global hub for artificial intelligence technologies, with over 150 AI/machine-learning start-ups based in Vancouver alone working across a range of application areas," said Anthony Brown, chief executive officer of AMPD. "We look forward to addressing the needs of this sector with our GPU-based compute solutions."

About AMPD Ventures Inc.

AMPD specializes in providing high-performance cloud and computing solutions for low-latency applications, including video games and e-sports, digital animation and visual effects, and big data collection, analysis and visualization.

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