Solidus Technologies, a “UK-based technology company with a core focus on Blockchain Technology and Artificial Intelligence,” has just scored a €100m contract and partnership with Microsoft, according to a press release from the group.
The group has been diversifying its funds and research into “AI & High Powered Computing (HPC) sectors,” which has drawn the attention of Microsoft, gaining a partnership with the massive corporation in just four weeks after implementing the change, the release continues.
Now, Solidus will take advantage of Microsoft’s Azure cloud platform to help developers “create applications that can see, hear, speak, understand, and even begin to reason,” leading the world into the future.
Speaking on the matter is Scott Cannon, a Director at Solidus Technologies, who said:
“I am really excited that we chose to make the move into this sector. The global artificial intelligence market was valued at £30 billion in 2019 and is expected to grow at a compound annual growth rate of 42.2% over the next 5 years. With our continuous research and innovation, we always planned on working more heavily in AI as technology has always been an essential element but AI has now brought technology to the center of Bluechip organisations. With the way the world is moving towards AI it is definitely the right time and I think you only need to look at any technology stock performance throughout this pandemic for this to be justified.”
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