DeepGreenX and Veea forge $140B alliance to build AI-powered virtual energy grid
DeepGreenX and hyper-converged multi-access network provider Veea have formed a global strategic partnership to implement an AI-driven virtual energy grid.
The initiative involves a $140 billion lease-financed infrastructure rollout over the next five years. Veea will provide a cyber secure edge computing platform to support the energy market’s operating system.
The partnership aims to accelerate the transition to global green energy through a Web 3.0 platform-as-a-service (PaaS).
Up to $2.8 billion in lease financing is planned for Veea Edge Platform in 2025 as part of a $10 billion investment. The platform will integrate sustainable energy sources and enable trading of carbon credits on DeepGreenX’s global ECEx exchange.
Veea’s technology will facilitate real-time applications of contextual AI for energy management and carbon credit trading.
The partnership aims to address pressing energy challenges through innovative solutions and decentralized infrastructure. Veea’s Edge AI OS supports federated learning for AI model training and inferencing at the edge.
The collaboration includes partnerships with major tech companies like Nvidia and Qualcomm for enhanced capabilities.
The platform will enable peer-to-peer energy trading and improve supply chain management through predictive analytics. DeepGreenX focuses on digital transformation and monetization of green energy assets globally.
Veea specializes in edge computing and cybersecurity solutions for various industries, including smart cities and logistics.
Both companies emphasize the importance of a market-based approach to energy production and distribution.
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Article Topics
DeepGreenX | edge AI | edge computing | energy | Veea
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