Pure Storage, Inc. (NYSE:PSTG) shares are trading higher on Monday. The company disclosed the expansion of its AI solutions with the launch of the GenAI Pod.
GenAI Pod is a full-stack, turnkey solution designed to accelerate AI innovation while reducing deployment time, cost, and technical complexity.
Additionally, Pure Storage's FlashBlade//S500 has been certified with NVIDIA DGX SuperPOD, enhancing enterprise AI deployments with Ethernet compatibility.
The Pure Storage GenAI Pod offers validated designs for turnkey GenAI use cases, enabling one-click deployments and streamlined Day 2 operations for vector databases and foundation models.
The initial applications for these validated designs include drug discovery, trade research, investment analysis, and RAG frameworks for semantic search, knowledge management, and chatbots.
Pure Storage's full-stack solution integrates hardware, software, foundational models, and professional services from top AI vendors. Partners for the initial validated designs include Arista, Cisco, KX, Meta, NVIDIA, Red Hat, SuperMicro, and WWT.
The GenAI Pod is slated for general availability in the first half of 2025.
Dan Kogan, VP, Enterprise Growth and Solutions, Pure Storage said, "The pace of innovation is compelling enterprise customers to leverage AI across their business, but customers are held back by the fundamental challenge of siloed data platforms and complex-to-deploy GenAI pipelines."
"Pure's expanded portfolio of AI solutions with turnkey, validated designs for GenAI and large enterprise AI clusters help customers navigate these challenges. The validated designs dramatically reduce the time to value and operational risks of AI projects by holistically addressing the needs at every layer of the technology stack."
Investors can gain exposure to the stock via First Trust Cloud Computing ETF (NASDAQ:SKYY) and iShares Future Cloud 5G and Tech ETF (NYSE:IDAT).
Price Action: PSTG shares are up 2.31% at $49.31 at the last check Monday.
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