Facility Purchased to Open Company's First AI Factory

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, December 15, 2022

High performance computing in response to the rapidly growing demand for big data processing requires space. The IT world is migrating from CPU-based data center architecture into the GPU architecture with distributed microservices that provides computing power outperforming by 20x the old CPU-based datacenters. And this company just announced a purchase that will allow it to scale.

IDGlobal Corp. (OTC PINK:IDGC) announced the acquisition of a 4000 sq. ft. specialized facility, that will extend its service range in a press release today. This will expand the company's service range with ultimate Cybersecurity as a Service (CaaS) and Virtual Power Plant platform solutions, through the Utmost Tech Research & Development Center, Ltd., based in Poland.

Utmost Tech through UTXO plans to scale up its' existing data center infrastructure and upgrade computing power. UTXO specializes in manufacturing and servicing of multiple electronics devices, including industrial computers and High-Performance Computing servers, dedicated for data centers and AI factories.

Shares jumped 50 percent on Wednesday, closing trade at $$0.00015.

Copyright © 2022 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.