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Velocium is installing advanced computing capacity based on revolutionary high efficiency, high performance compute and AI- focused Velocium processing units (“VPUs”). Velocium eliminates idle capacity in an industry that’s grown exponentially and will continue to do so for the next decade. While also being dramatically more energy efficient than traditional data centers, Velocium aims to reduce latency for its customers and will go Public on Nasdaq via a Merger with Maquia Capital Acquisition Corp.
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Velocium’s processing units (VPUs) feature high density compute capacity and will address the growing demand driven by AI, HPC, and big data, by employing faster and more energy efficient AI infrastructure. VPUs significantly lower expenses for Velocium and its customers.
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Velocium has negotiated a supply framework for a revolutionary universal processor. The processor is approximately 3x faster and10x more energy efficient than the current market offerings.
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Velocium’s revolutionary chip architecture performs the function of GPU, CPU, and TPUs all on one universal processor. This novel architecture significantly leads to advantages in computing speed and energy efficiency.
Miami, Florida, July 19, 2024 (GLOBE NEWSWIRE) -- Velocium, Inc., a groundbreaking high performance compute and artificial intelligence infrastructure company, is launching its innovative cloud solution. By utilizing proprietary VPUs designed to consolidate CPU, GPU, and TPU functions on a single chip, Velocium aims to create a flexible and versatile development environment for large language models and inference.
Velocium, Inc. ("Company") and Maquia Capital Acquisition Corp. (NASDAQ: MAQCU) ("Maquia"), a publicly traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that will result in Velocium, Inc. becoming a publicly listed company. The transaction values the Company at $445,000,000.
Upon closing, the surviving Company is expected to be named Velocium with its common stock trading on The Nasdaq Stock Market under the symbol of “VAI.” The company will continue to be headquartered in Miami, Florida and led by its CEO, Daniel Kochis.
Mr. Kochis points out “The combination of Velocium and Maquia is an exciting step forward in providing high performance computing capability to the market. As we look towards the future of artificial intelligence, it is crucial to consider its broader impact on our infrastructure and environment. Analysts estimate that the overall increase in data center power consumption due to AI will reach approximately 200 terawatt-hours per year between 2023 and 2030. By 2028, it is expected that AI will account for about 19% of data center power demand. Our planned solutions assist in making data processing more energy efficient in several aspects.”