Russian bitcoin mining company Intelion plans to invest $135 million in AI
2024-06-12 08:44:35
Intelion, a Russian bitcoin mining company, has announced plans to invest $135 million in AI, which it plans to use for "server equipment for artificial intelligence computing". In addition, to implement its new AI project, Intelion will spin off its "high-performance computing business" into a subsidiary, which will be named Intelion Cloud. Intelion will reportedly focus on developing a number of companies in the field of artificial intelligence "and will also provide customers with high-performance computing capabilities.
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