Smartlands and Neuromation announce a key partnership to tokenize data centers
May 3, 2021
Kyiv and San Francisco, 3d May 2021.
Smartlands is delighted to announce that it has entered into the first stage of an exciting new partnership with Artificial Intelligence (AI) platform services company Neuromation.
Neuromation is a leading global player in the AI field. Their business is based around providing massive computer power for developers of Machine Learning Operations (MLOPs) on a contractually timed basis generating revenue by the hour for the company. MLOps is the process of taking an experimental Machine Learning model into a production web system. The word is a compound of “Machine Learning” and the continuous development practice of DevOps in the software field. Machine Learning models are tested and developed in isolated experimental systems. When an algorithm is ready to be launched, MLOps is practiced between Data Scientists, DevOps, and Machine Learning engineers to transition the algorithm to production systems. Similar to DevOps or DataOps approaches, MLOps seeks to increase automation and improve the quality of production models, while also focusing on business and regulatory requirements.
Neuromation has developed an enormous suite of award-winning development tools to attract and support clients to its AI ecosystem with its technology having application in areas as diverse as AI-powered cameras, object detection and classification, medical imaging, industrial robotics, and advanced manufacturing to name but a few.
In order to supply massive amounts of computer power, its clients require on-demand Neuromation runs a number of data centres around the world in which its ultra-powerful servers and computer networks are based.
Under the terms of the outline agreement, Neuromation will be utilizing Smartlands to tokenize an interest in the data centers through token sale on the Smartlands platform giving token holders an opportunity to share in the revenue stream from these cash-generating operations.
In a further development, Martin Birch, the Non-Executive Chairman of the Smartlands Group will be taking up the position of Non-Executive Chairman of Neuromation in addition to his duties at Smartlands and will oversee the relationship between the two companies at first hand to ensure maximum benefit accrues to both Smartlands and Neuromation and the token holders of both companies.
“This is a very exciting development for both companies as it will allow Smartlands to take an interest in the fast-growing AI space while offering Neuromation the opportunity to raise funds to roll out new data centres at a faster pace.” – said Martin Birch.
Smartlands is a digital investment platform with a proven use case for tokenizing shares in real assets. Smartlands develops alternative investments instrument offering for sale Initial Coin Offerings in asset-backed structures. The SLT is a cryptocurrency of the Smartlands ecosystem. It is limited to a maximum of 7.1mn tokens and runs on the Stellar open-source network.