Great news. VANCOUVER, BC / ACCESSWIRE / April 9, 2020 / AMPD Ventures Inc. ("AMPD" or the "Company") (CSE:AMPD)(FRA:2Q0) confirms the successful deployment of a high-performance computing environment designed to cater to the requirements of companies in the artificial intelligence ("AI"), machine learning and deep learning sectors, hosted at its DC1 data centre in Vancouver, British Columbia.
Further to the news release issued by the Company on February 7, 2020, Variational AI Inc. ("Variational AI" or "Variational") will be one of the first companies to use AMPD's machine learning infrastructure environment. Variational will host with AMPD "Enki", an artificial intelligence-powered small molecule discovery service designed to help discover new molecules for pharma research.
AMPD's AI environment is based around the latest graphic processing unit ("GPU") technology, which is a critical component of high-performance computing for artificial intelligence and machine learning. While traditional central processing units ("CPU") are good at handling multiple tasks, GPU's are designed to handle a few specific tasks very fast simultaneously. So far, these tasks have included the processing of the exceptionally high-quality graphics for the latest 3D games as well as real-time visual effects rendering. GPU's are increasingly being used to solve the complex math problems for AI, machine learning and deep learning faster than CPUs.
"Vancouver has already amassed a critical mass of some 100 to 150 applied AI companies, and as a Vancouver-based company ourselves, we expect that our GPU-based hosted environment will yield positive outcomes for Variational AI and other local AI companies requiring GPU-based compute solutions," stated Anthony Brown, CEO of AMPD.
"The GPU-based infrastructure that AMPD offers is mission critical in our race to potentially find therapeutics for COVID-19," said Variational AI Co-Founder & CEO, Handol Kim. "Variational AI, like many of our fellow AI for drug discovery companies, is focused on addressing the most urgent needs for fast and safe development of drugs. It is critical for us to have access to powerful, scalable compute resources such as those offered by AMPD."
About Variational AI
Variational AI offers an early drug discovery service that leverages state-of-the-art generative machine learning to discover novel, efficacious, safe and synthesizable small molecules for customers in biopharmaceuticals. Founded in 2019, Variational AI performs multi-property molecular optimization to dramatically reduce the time to discover high-quality drug-like molecules with a higher probability of success in clinical trials.
For more information on Variational AI, please contact:
Handol Kim
handol@variational.ai
About AMPD Ventures Inc.
AMPD specializes in providing high-performance cloud and computing solutions for low-latency applications, including video games and eSports, digital animation and visual effects, and big data collection, analysis and visualization. For further information concerning the company and its business, please see the long-form prospectus dated October 11th, 2019, supporting its application for listing on the CSE. A copy of the prospectus was filed under the company's profile at SEDAR.