10 AI News Investors Can’t Afford to Miss

6. Pure Storage, Inc. (NYSE:PSTG)

Market Capitalization: $16.23 billion

Pure Storage, Inc. (NYSE:PSTG) is an advanced data storage platform that stores, manages, and protects the world’s data at any scale. Its advanced data storage solutions have the potential to support artificial intelligence workloads.

On Monday, November 18, Pure Storage, Inc. (NYSE:PSTG) announced the new Pure Storage GenAI Pod, a complete solution designed to accelerate AI-powered innovation and simplify the deployment of generative AI (GenAI) projects. This announcement marks the expansion to Pure Storage’s suite of AI solutions, helping organizations speed up their efforts through one-click deployments and similar streamlined operations. Built on the Pure Storage platform, the GenAI Pod includes new validated designs that enable turnkey solutions for GenAI use cases. The company has partnered with Arista, Cisco, KX, Meta, NVIDIA, Red Hat, SuperMicro, and WWT for the initial designs. It is expected to be generally available in the first half of 2025.

“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”.

-Dan Kogan, VP, Enterprise Growth and Solutions, Pure Storage