SharonAI Holdings Inc (SHAZ) News & EventsSHAZSharonAI Holdings Inc

SharonAI Partners with VAST Data to Launch New AI Capability

SharonAI announced a collaboration with VAST Data to bring VAST DataEnclave, the new confidential AI capability of the VAST DataEngine, to Sharon AI's AI Factory platform across Australia and Asia-Pacific. Under the collaboration, Sharon AI will offer VAST DataEnclave as part of its AI Factory platform, giving customers a hardware-isolated secure runtime and cryptographic attestation service for running leading AI models onshore which is not expected to expose data or model weights. VAST's confidential AI capability is designed to let regulated organizations run advanced AI models onshore in Australia and across Asia-Pacific, including in fully air-gapped environments, without those models or the underlying customer data leaving customer-controlled infrastructure.

SharonAI Shares Drop 11.9% to $52.34

SharonAI is down -11.9%, or -$7.07 to $52.34.

SharonAI Executive Position Change, Shares Down 11.1%

In a regulatory filing on Friday, SharonAI said that on September 8, the company and its wholly-owned, indirect subsidiary, SharonAI Pty Ltd, entered into a Deed of Release with Andrew Leece, a co-founder of the company and its former Chief Operating Officer. Pursuant to the Deed of Release, effective as of September 7, the Leece Employment Agreement has been varied such that Leece's position has changed from Chief Operating Officer to Head of Strategic Partnerships, in order to provide founder-level sponsorship across the company's most important customer, data center and strategic relationships. The appointment of David Burns as Leece's successor as Chief Operating Officer was previously reported. Shares of SharonAI are down 11.1% to $52.81 in late morning trading.