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iMining subsidiary secures spot in NVIDIA development program

Market News, Technology
TSXV:IMIN.H
23 February 2024 08:56 (EDT)

Source: iMining Technologies.

AiMining, a subsidiary of iMining Technologies (TSXV:IMIN), has been accepted into NVIDIA’s (NASDAQ:NVDA) Inception program, which helps startups with future-oriented technologies through development, prototyping and product deployment.

The Inception program will provide AiMining with resources and support to expedite its artificial intelligence models and commercialization efforts, such as access to NVIDIA’s accelerated computing platform, potential venture capital opportunities, and a suite of tools, training and programs designed to enhance graphics processing unit (GPU) applications and skills. Notable resources include:

“The acceptance into the NVIDIA Inception development program, alongside an invitation to NVIDIA’s 2024 GPU Technology Conference, marks a pivotal moment for AiMining Technologies,” Khurram Shroff, chief executive officer of iMining Technologies, said in a statement. “It’s a reflection of our team’s unwavering commitment and hard work. We’re both excited and humbled by this opportunity to harness the industry’s best resources for our R&D efforts. Our heartfelt thanks go to Jensen Huang [NVIDIA’s CEO] for his visionary leadership and profound impact on the AI community. We’re keen to make our mark within this vibrant ecosystem and to advance AI innovation.”

iMining Technologies acquires, builds and manages leading-edge technology companies in Canada with a focus on harnessing artificial intelligence, achieving hyper scale and yielding exceptional returns.

iMining Technologies stock (TSXV:IMIN) last traded at C$0.085 per share. The stock is currently halted from trading as the company works with regulators to audit its innovative portfolio, for which established audit protocols do not exist.

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