BARCELONA, Spain - Nutanix (NASDAQ: NASDAQ:NTNX), a company specializing in hybrid multicloud computing, announced a new collaboration with NVIDIA (NASDAQ:NVDA) on Monday, aiming to facilitate the adoption of generative AI (GenAI) for enterprises.
The partnership will integrate NVIDIA's NIM inference microservices with Nutanix's GPT-in-a-Box 2.0, enhancing the ability for customers to develop scalable, secure, and high-performance GenAI applications both in enterprise settings and at the edge.
This move comes as a response to the challenges faced by many enterprises in adopting AI technologies, which until now have been primarily driven by the public cloud and larger enterprises with data science teams. Nutanix's integration with NVIDIA's NIM microservices is designed to simplify AI model deployment and improve the running of AI and machine learning applications across varying enterprises.
Nutanix GPT-in-a-Box 2.0, which is built atop Nutanix's data services and compute platform, will offer a simplified AI-ready stack. It is integrated with Nutanix Objects and Nutanix Files for model and data storage, which allows customers to maintain control over their data. The updated version will also automate the deployment and management of inference endpoints for a broad range of AI models and secure model access with fine-grained control and auditing.
The collaboration aims to ease the complex decision-making process involved in setting up AI solutions, which includes selecting from numerous models, serving engines, and infrastructure options. The integrated system will run on top of the Nutanix Cloud Platform and is expected to support a variety of models, including those from the open-source community, NVIDIA AI Foundation, and custom models, using industry-standard APIs.
Nutanix has also announced certification for NVIDIA AI Enterprise 5.0 software platform, which is intended to streamline the development and deployment of AI at a production-grade level, including support for NVIDIA NIM.
Tarkan Maner, Chief Commercial Officer at Nutanix, highlighted the collaboration's potential to simplify GenAI adoption for customers, allowing them to move to production more easily while maintaining control, privacy, and cost.
Manuvir Das, Vice President of Enterprise Computing at NVIDIA, also emphasized the benefits of integrating NVIDIA NIM into Nutanix's solution for enterprises to deploy optimized models rapidly.
Nutanix GPT-in-a-Box 2.0 is slated for release in the second half of 2024.
The announcement is based on a press release statement.
InvestingPro Insights
In light of Nutanix's (NASDAQ: NTNX) recent strategic partnership with NVIDIA, it's important to consider the company's financial health and market performance to understand the potential impact of this collaboration. According to InvestingPro data, Nutanix has a market capitalization of 17.63 billion USD, indicating a strong presence in the market. Despite not being profitable in the last twelve months, analysts are optimistic about Nutanix's future, forecasting net income growth this year.
InvestingPro Tips suggest that the company's impressive gross profit margins, which stand at 83.85% as of the last twelve months leading to Q2 2024, could be a key factor in its ability to invest in such innovative technologies as GenAI. Additionally, with 11 analysts revising their earnings upwards for the upcoming period, there is a positive sentiment surrounding the company's financial prospects.
Investors should note that Nutanix's stock has experienced a significant return over the last year, with a price total return of 181.65%. This momentum is reflected in the stock trading near its 52-week high, at 99.31% of the peak value. For those interested in further in-depth analysis and additional InvestingPro Tips, including the company's liquidity and debt levels, visit https://www.investing.com/pro/NTNX. There are 14 additional tips available on InvestingPro, and users can enjoy an additional 10% off a yearly or biyearly Pro and Pro+ subscription using the coupon code PRONEWS24.
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