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Applied Digital Joins AI Alliance to Collaborate with Industry Leaders to Advance Open, Safe, and Responsible AI

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Applied Digital Corporation joins the AI Alliance to foster open innovation and responsible AI development. The company's CEO emphasizes the importance of collaboration for ethical and sustainable AI progress.
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Applied Digital Corporation's recent announcement of joining the AI Alliance is a strategic move that may have substantial implications for its market positioning and competitive edge. By aligning themselves with key players in the AI industry, including startups, academia and governmental bodies, Applied Digital is likely to gain access to a wider network of resources and knowledge. This can lead to the development of more advanced HPC applications, which is critical since the demand for HPC is on the rise due to its applications in complex tasks like climate modeling, genomics and financial risk management.

The collaboration could also result in increased innovation and potentially faster deployment of AI technologies. For investors, this may translate into future growth opportunities and an enhanced company profile, which could positively influence stock performance. However, the actual impact on Applied Digital's financials will depend on the nature of the collaborations formed and the company's ability to capitalize on them to generate revenue.

Applied Digital's focus on low-cost digital infrastructure for HPC applications is significant as it addresses the energy and cost efficiency challenges in the industry. Data centers that are strategically placed at the power generation source can lead to reduced latency and operational costs, which is a key differentiator in the market. By joining the AI Alliance, Applied Digital may enhance its capabilities in responsible AI, a growing concern among stakeholders due to ethical considerations surrounding AI deployment.

Moreover, their participation in the alliance signals a commitment to ethical and sustainable AI development. This could appeal to socially conscious investors and customers, potentially impacting the company's reputation and customer base. The emphasis on security, trust and diversity by the AI Alliance aligns with global regulatory trends, which could give Applied Digital an advantage in navigating the complex compliance landscape.

Applied Digital's involvement with the AI Alliance underscores a commitment to sustainable and ethical AI, which is increasingly important to stakeholders. As businesses and consumers alike are becoming more environmentally conscious, Applied Digital's approach to integrating data centers with power sources could reduce carbon footprints and appeal to a market segment that prioritizes sustainability.

The alliance's focus on economic competitiveness is also crucial. By fostering open innovation, Applied Digital could drive down costs through shared R&D and collective problem-solving. This could lead to more affordable and accessible AI solutions, potentially expanding the market and lowering barriers to entry for various sectors. However, the long-term success of these initiatives will depend on the company's ability to maintain a balance between sustainability and profitability.

DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announces its an AI Alliance member.

The AI Alliance is comprised of some of the leading organizations across the AI industry, including startups, academia, researchers, and the government, coming together to support open innovation and open science in responsible AI. The AI Alliance is focused on fostering an open community and enabling developers and researchers to accelerate responsible innovation in AI while ensuring scientific rigor, trust, safety, security, diversity, and economic competitiveness.

Wes Cummins, CEO of Applied Digital, emphasized the importance of open innovation in the AI sector, stating, "Open innovation’s mission to foster collaboration among diverse entities that propel responsible and equitable progress in artificial intelligence aligns seamlessly with Applied Digital. Applied Digital has built a reputation for state-of-the-art low-cost digital infrastructure, strategically placing data centers at the power generation source for high-performance computing applications. Through collaborative efforts with industry leaders, academia, and government, we aim to champion the advancement of AI technologies that are not only powerful but ethical and sustainable.”

The AI Alliance, which was co-founded by IBM and Meta and first announced in December 2023, represents a collaborative endeavor aimed at accelerating the development and adoption of artificial intelligence. Leveraging its expertise in speed to market and digital infrastructure, Applied Digital believes it is uniquely positioned to support the creation of innovative AI tools that drive positive societal impact.

To learn more about the AI Alliance, visit here: https://thealliance.ai

About Applied Digital
Applied Digital (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America to provide digital infrastructure solutions to the rapidly growing high-performance computing (HPC) industry. Find more information at www.applieddigital.com. Follow us on X (formerly Twitter) at @APLDdigital. 

Investor Relations Contacts
Matt Glover or Alex Kovtun
Gateway Group, Inc.
(949) 574-3860
APLD@gateway-grp.com

Media Contact
Brenlyn Motlagh or Diana Jarrah
Gateway Group, Inc.
(949) 899-3135
APLD@gateway-grp.com


The ticker symbol for Applied Digital Corporation is APLD.

The AI Alliance is a collaborative group in the AI industry comprising startups, academia, researchers, government entities, and more. Members include Applied Digital Corporation, IBM, Meta, and other leading organizations.

The AI Alliance was co-founded by IBM and Meta and was first announced in December 2023.

The AI Alliance focuses on fostering open innovation, enabling developers and researchers to accelerate responsible innovation in AI while ensuring scientific rigor, trust, safety, security, diversity, and economic competitiveness.

Open innovation aligns with Applied Digital's mission to collaborate with diverse entities for responsible and equitable progress in artificial intelligence.
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