Neocloud provider QumulusAI announced today that it has secured more than $124 million in customer subscriptions for three-year terms with Hyperbolic and another leading artificial intelligence inference platform. These agreements cover deployments totaling 1,280 Nvidia Corp. Blackwell GPUs, delivered via 160 Lenovo and Supermicro bare-metal servers connected with Cisco Systems Inc. Nexus networking to form high-throughput, low-latency clusters.
Nvidia Corp.‘s latest results are remarkable even by its own high bar. Revenue set new records, driven by a 90%-plus surge in data center demand and what management described as “parabolic” demand as Blackwell systems ramp across hyperscalers, artificial intelligence clouds, auto and sovereign customers. But the more important story is how quickly the AI economy is reorganizing around what Chief Executive Jensen Huang calls “AI factories” and “agentic AI.”
Nvidia Corp. and Google LLC used the search giant’s annual Cloud Next event to deepen their long-running partnership, creating a full-stack “artificial intelligence factory” that integrates Google’s AI Hypercomputer infrastructure with Nvidia’s latest solutions, including Blackwell, open models and agentic and physical AI tooling. With this announcement, Google expands its distribution of Nvidia’s accelerated computing stack, while customers gain a faster, lower-risk path from AI experimentation to large-scale deployment.
It seems every day there’s a new announcement regarding an economic event with artificial intelligence. Recently, Nvidia Corp. made an investment in OpenAI and then OpenAI turned around and took a stake in Advanced Micro Devices Inc. Then there was the $6.3 billion deal between CoreWeave Inc. and Nvidia. Why so much activity?
QumulusAI, a Georgia-based provider of graphics processing unit-powered cloud infrastructure for artificial intelligence, is making moves to claim a leadership position in the emerging neocloud market today by naming Michael Maniscalco new chief executive officer. Maniscalco (pictured), former chief technology officer of Applied Digital Corp., will bring his technical skills to an already deep team to bring enterprise-grade AI infrastructure to market.