Nutanix stock saw a slight rise on Tuesday following the company’s announcement of new features for Nutanix GPT-in-a-Box, a hybrid multi-cloud computing solution. The company has integrated cloud microservices such as NVIDIA NIM inference and Hugging Face Large Language Models (LLM) Library into the platform. In addition, Nutanix introduced the Nutanix AI Partner Program, which aims to collaborate with AI solutions and services partners to assist customers in managing generative AI applications on the Nutanix Cloud Platform and GPT-in-a-Box.
Nutanix GPT-in-a-Box is a comprehensive solution designed to simplify enterprise AI adoption by integrating closely with Nutanix Objects and Nutanix Files for storage of models and data. Thomas Cornely, Senior Vice President of Product Management at Nutanix, expressed excitement about the positive response to the initial launch of Nutanix GPT-in-a-Box, emphasizing the importance of on-premise software solutions that streamline the deployment and management of AI models and inference endpoints for enterprise customers. Cornely also highlighted the company’s focus on enabling the deployment of GenAI applications on-premises at scale while maintaining control over privacy and costs.
The stock of NTNX rose by 23 cents in early trading on Tuesday, reaching $72.39 as investors reacted positively to the news. Nutanix’s efforts to enhance its hybrid multi-cloud computing capabilities and expand its AI solutions through partnerships with industry leaders have resonated well with the market.
Overall, Nutanix’s latest developments in the AI space and expansion of its cloud computing offerings have generated a positive response from investors, positioning the company as a key player in the hybrid multi-cloud computing market. The integration of cloud microservices into Nutanix GPT-in-a-Box and the establishment of the Nutanix AI Partner Program demonstrate the company’s commitment to providing innovative solutions for enterprise customers looking to leverage AI technologies effectively. With a focus on simplifying AI adoption and offering comprehensive support for GenAI applications, Nutanix is poised for continued growth and success in the competitive technology landscape.
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http://www.baystreet.ca/articles/techinsider/97703/052124
