Nutanix (NASDAQ: NTNX) experienced an increase in its stock value on Tuesday following the announcement of new features for Nutanix GPT-in-a-Box, a solution focused on hybrid multi-cloud computing. The company revealed integrations with cloud microservices, NVIDIA NIM inference, and Hugging Face Large Language Models (LLM) Library. Furthermore, Nutanix introduced the Nutanix AI Partner Program, which aims to collaborate with leading 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 provides a comprehensive solution aimed at simplifying enterprise AI adoption with its integration with Nutanix Objects and Nutanix Files for model and data storage.
Thomas Cornely, Senior Vice President of Product Management at Nutanix, expressed satisfaction with the response to the original 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 highlighted the growing interest in enterprise GenAI and the company’s commitment to collaborating with its partners to facilitate the running of GenAI applications on-premises at scale while maintaining control over privacy and costs.
Following the announcement, NTNX shares saw an increase of 23 cents, reaching $72.39 early on Tuesday.
In summary, Nutanix’s latest developments in the field of hybrid multi-cloud computing, including enhancements to Nutanix GPT-in-a-Box and the launch of the Nutanix AI Partner Program, demonstrate the company’s commitment to providing innovative solutions for enterprise AI adoption. The integrations with cloud microservices and NVIDIA technologies underscore Nutanix’s focus on staying at the forefront of advancements in AI technology. The company’s efforts to simplify the deployment and management of AI applications while ensuring data privacy and cost control reflect its dedication to meeting the evolving needs of its customers in the rapidly evolving AI landscape. The positive market response indicated by the increase in NTNX shares further validates Nutanix’s position as a leader in the field of hybrid multi-cloud computing and AI solutions.
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http://www.baystreet.ca/techinsider/4294/Nutanix-Gains-on-GPT-in-a-Box-Tidings