12 AI News Investors Should Not Miss This Week

8. Pure Storage Inc (NYSE:PSTG)

Number of Hedge Fund Holders: 30

Pure Storage Inc (NYSE:PSTG) is a technology company that develops and provides all-flash data storage products and solutions for data centers. It also accelerates and simplifies AI deployments by offering a platform that maximizes performance and streamlines AI workflows. On March 11, the IT pioneer unveiled FlashBlade//EXA, a high-performance data storage platform designed for the most demanding requirements of AI and High-Performance Computing (HPC).

While leveraging artificial intelligence capabilities, FlashBlade//EXA should deliver more than 10 terabytes per second read performance, making it highly suitable for large-scale AI and HPC workloads. As AI model sizes grow exponentially, the infrastructure supporting them must also change in tandem. Therefore, the timing is ideal for meeting market expectations. Customers who have previously invested in NVIDIA’s AI stack should find it easier to integrate Pure’s integration with NVIDIA networking components, resulting in a unified ecosystem approach.

“Data is the fuel for enterprise AI factories, directly impacting performance and reliability of AI applications. With NVIDIA networking, the FlashBlade//EXA platform enables organizations to leverage the full potential of AI technologies while maintaining data security, scalability, and performance for model training, fine tuning, and the latest agentic AI and reasoning inference requirements,” said Rob Davis, Vice President, Storage Networking Technology, NVIDIA.