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Stock impact report

Remark Holdings Enters into Cloud Services Agreement with Microsoft [Yahoo! Finance]

Remark Holdings, Inc. (MARK) 
Last remark holdings, inc. earnings: 11/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.remarkholdings.com/investor-relations
Company Research Source: Yahoo! Finance
Remark will utilize Microsoft's Azure Cloud and GPU Services for the Inference and Training of its Proprietary AI Models culminating in an Accelerated Deployment of AI Services and Empowerment of Industry Transformation LAS VEGAS Feb. 29, 2024 /PRNewswire/ -- Remark Holdings, Inc. (OTC: MARK ), a leading provider of artificial intelligence solutions, today announced it has signed a cloud services agreement with Microsoft, to deliver cloud services via Microsoft Azure to Remark over the next five years. This collaboration allows Remark to rapidly broaden its sales and marketing through the Microsoft Azure Marketplace, providing institutional credibility for prospective IT departments' approval, as well as rapidly scaling Remark's AI inference and training models. The five-year agreement is expected to drive $240 million of AI business for Remark by 2029. Currently, there are approximately 100 million domestic security cameras and 200 million global cameras excluding China , that d Show less Read more
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