News & Events zu iPower Inc (IPW)IPWiPower Inc

iPower Inc Trading Halted, News Pending

iPower Inc trading halted, news pending

iPower Signs LOI for $6M GPU System Lease

iPower announced that it has signed a non-binding letter of intent with a prospective customer for the proposed lease of dedicated high-performance GPU computer systems. The proposed initial deployment would involve GPU systems with an expected acquisition value of approximately $6M and an anticipated lease term of approximately 36 months following installation and acceptance, with the potential to expand to approximately $60M in aggregate contemplated contract value, including the initial phase, following a successful initial deployment. Under the proposed structure, iPower or its designated subsidiary would acquire the GPU systems, retain ownership of the equipment and lease the systems to the prospective customer for exclusive use at a mutually agreed data center. The model is designed to provide customers with access to dedicated AI computing infrastructure while allowing iPower to seek lease revenue from Company-owned hardware assets. "This signed LOI moves our AI hardware leasing strategy from preliminary customer interest to a specific potential transaction," said Lawrence Tan, Chief Executive Officer of iPower. "The contemplated $6M initial deployment will provide a meaningful starting point, while the potential expansion demonstrates the scale this model may offer following successful execution.

Moonshot AI Plans Hong Kong Listing with $50B Valuation

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.MOONSHOT AI:Moonshot AI is preparing to begin discussions in August on a final round of fundraising before listing in Hong Kong, capitalizing on the excitement around its latest model to raise capital at a valuation of as much as $50B, Bloomberg's Haze Fan and Pei Li. The Chinese AI lab should close in coming days a financing round that began this summer at a valuation of $31.5B, people familiar with the matter said. Once finalized, Moonshot then intends to immediately open discussions with potential backers about a follow-on capital-raising, the sources said. That should mark the final infusion of capital for Moonshot before an initial public offering as soon as this year, the authors add.CHINESE AI:Parts of the Trump administration are reigniting efforts to implement de facto bans on foreign open-source models, as Chinese AI models gain momentum, Maria Curi of Axios. The move could lock in dominance by OpenAI and Anthropic, Curi writes.SMALL BUSINESS PROGRAM:OpenAIthe launch of its ChatGPT for small businesses program, "an initiative to help small businesses be more productive and scale their businesses with ChatGPT," the company explains. The ChatGPT for small businesses program includes hands on virtual training, in-person small business AI academies, new guides to get started, and new agents and partners built for small business.AI INFRASTRUCTURE IN EUROPE:Microsoftand Mistral announced an expansion of their strategic partnership to help enterprises and regulated industries adopt frontier AI. The companies are bringing Mistral's frontier and efficient models across the Microsoft platform, including Microsoft Foundry, Copilot Studio and Azure, so customers can build and run AI across a spectrum of operating environments. This partnership extends Microsoft's Sovereign Cloud approach by combining Mistral's frontier models with Microsoft's security, compliance and cloud-to-edge platform. Underpinning the partnership is a new multibillion-dollar agreement focused on expanding AI infrastructure in Europe. Mistral is adding its GPU capacity, drawing on thousands of the latest NVIDIA Vera Rubin GPUs to increase AI compute availability for customers and provide a shared platform for training, inference and large-scale deployment. Consistent with Microsoft's flexible approach to global infrastructure, which combines its own datacenters, leased facilities and strategic collaborations with third-party providers, it expands Microsoft's capacity footprint in Europe. As part of the expanded relationship, the companies are aligning on a joint go-to-market plan and will pursue enterprise opportunities together across Europe and globally. Mistral and Microsoft are also expanding the partnership to accelerate customer adoption.AI SUBSIDIARY:iPowerannounced plans to form a dedicated artificial intelligence subsidiary focused on AI hardware leasing and potential compute resource distribution opportunities. Through the subsidiary, iPower intends to evaluate acquiring AI computing hardware and leasing that hardware to prospective customers. The Company is currently in discussions with prospective customers that have expressed preliminary, non-binding interest in leasing such equipment if and when it is acquired and available for deployment. The proposed business model is straightforward: iPower would seek to acquire AI hardware, make the hardware available to customers that need AI computing capacity, and generate revenue by leasing the equipment to customers. Certain potential leasing structures may include substantial upfront lease payments by customers, subject to negotiation, customer credit evaluation, hardware availability and definitive agreements. In addition to hardware leasing, iPower may evaluate a compute resource distribution model through which AI computing capacity supported by deployed hardware may be made available to customers, data centers, compute operators or infrastructure partners.AI-DRIVEN THREAT MANAGEMENT:Arista Networksannounced the launch of its new AI-driven Edge Threat Management for VeloCloud SD-WAN, delivering integrated zero trust security for enterprise branch offices. Customers can leverage this integration to simplify the branch, collapsing multiple disparate boxes into a single unified secure SD-WAN edge platform.