Quantum Corp is a technology company that specializes in data storage and management solutions, particularly in the field of high-performance storage systems
The company focuses on helping organizations manage their data efficiently using advanced technologies such as scale-out storage and data protection solutions. Quantum's offerings include software-defined storage, archiving, and backup solutions that cater to various industries such as media and entertainment, government, and healthcare. By providing tools for data availability, accessibility, and security, Quantum Corp aims to assist businesses in navigating the challenges of big data and ensuring optimized performance in their data-driven operations.
Quantum Corporation (NASDAQQMCO) today announced scalability enhancements to its Quantum Myriad® all-flash file system, making it the first solution to offer incremental, in-place system scaling with dynamic, automatic data leveling. These advancements deliver unmatched flexibility and adaptability in a modern, all-flash file system so customers can meet their evolving storage requirements in the era of AI.
Quantum® Corporation (Nasdaq: QMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced of its entry into a Standby Equity Purchase Agreement (the “SEPA”) an investment fund managed by Yorkville Advisors Global, LP (“Yorkville”).
Quantum Corporation (NASDAQQMCO) ("Quantum" or the "Company"), a leader in solutions for AI and unstructured data, today announced the Company’s senior lenders recently exercised previously issued warrants to purchase shares of Quantum’s common stock. These transactions had been incorrectly reported by certain news outlets as a disposition of shares. The Company wanted to clarify the nature of these transactions and also reiterate that the associated parties are currently restricted from selling Quantum’s common stock as a result of Quantum's quarterly and financial results calendar.
PALM BEACH, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Advancements in quantum hardware and algorithms are making quantum computing increasingly practical. New developments in quantum processors are improving their performance and stability, allowing for more complex calculations. Enhanced quantum algorithms are being designed to solve specific problems more efficiently. These improvements are crucial for integrating quantum computing with AI, as they enable more sophisticated data processing and analysis. As quantum systems become more accessible, their potential applications in AI grow. This integration is expected to lead to breakthroughs in areas such as optimization and predictive modeling. The ongoing progress in both fields is paving the way for innovative solutions and applications. A report from Grand View Research projected that the global quantum AI market was valued at USD 256.0 million in 2023 and is projected to grow at a CAGR of 34.4% from 2024 to 2030. The report said: “The market is growing rapidly, driven by advancements in quantum computing and its potential to solve problems that classical computers struggle with. Quantum computing enhances machine learning algorithms, enabling them to process vast datasets and uncover patterns that were previously unreachable. The combination of AI and quantum technologies is set to transform industries such as finance, healthcare, logistics, and manufacturing by enabling more precise predictions, optimizations, and real-time decision-making capabilities.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), IonQ NYSE: IONQNYSEIONQ)(NASDAQ: SMCINASDAQSMCI, AgEagle Aerial Systems Inc. (NYSE: UAVSNYSE), Quantum Corporation (NASDAQ: QMCOQMCO).
Quantum Corporation (NASDAQQMCO) today announced development of a new highly parallel file system client for the Quantum Myriad® all-flash file system, designed to fully enable NVIDIA GPUDirect Storage® capability while offering on-the-fly client node deployments with cross platform compatibility, including NVIDIA Grace Hopper with Grace ARM-based architectures. This new capability offers an innovative approach to building artificial intelligence (AI)/machine learning (ML) infrastructure intended to let customers add powerful new graphics processing unit (GPU) nodes to Myriad clusters as needed to respond quickly to evolving workflow and pipeline needs. Designed to maximize GPU utilization and performance, the client is optimized for GPU-intensive workloads such as AI/ML model training and inferencing, high-performance computing (HPC) visualization and modeling, and video rendering.
PALM BEACH, Fla. , Dec. 12, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Most industry insiders believe that Quantum Computing is potentially a better fit for weather forecasting than classical computers. It can perform advanced simulations more efficiently. It can be easily installed at locations around the globe. It can function efficiently when stored at high temperatures. It can store extensive data for better pattern recognition. One source said that Quantum computing is potentially a better fit for weather forecasting than classical computers because it can perform advanced simulations more efficiently, saying that: Quantum computing is a better fit because it has the potential to speedily process vast amounts of weather data and conduct analysis that is too complex for classical computers. The speed of the algorithms can allow the use of real time data to impact the predicting. Despite decades of continuously refining calculating power, directly forecasting the weather is still delicate. Quantum computers made it a bit easy however. The speed of the algorithms in quantum computing can permit the use of real-time data to influence the forecasting, and advanced weather prediction will help all industries, especially transportation, supply chain and logistics, and farming. A report from Astute Analytica added: “The weather forecasting services market is poised for exponential growth, driven by advancements in AI technology, increasing demand for accurate climate data, and expanding applications across agriculture, aviation, and disaster management. Businesses and governments alike are investing heavily, ensuring a robust and lucrative future for this essential industry. The global weather forecasting services market is projected to attain a valuation of US$ 11.6 billion by 2032 up from US$ 4.0 billion in 2023 at a CAGR of 12.6% during the forecast period, 2024–2032.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), Quantum Corporation NASDAQ: QMCONASDAQQMCO)(NASDAQ: SMCINASDAQSMCI, Red Cat Holdings, Inc. (NASDAQ: RCATNASDAQ), Pure Storage (NYSE: PSTGPSTG).
Quantum Corporation (NASDAQQMCO) today announced the availability of the Scalar® i7 RAPTOR, the latest advancement in tape storage technology tailored to support growing AI and cloud use cases. Originally announced in March of this year, the Scalar i7 RAPTOR is designed for hyperscale customers, managed service providers (MSPs), and large enterprises and is the densest, most scalable tape solution on the market. As organizations look to retain more data than ever for AI, analysis, and business insights, this new offering gives customers an ultra-low cost, green, and secure solution for data lakes, data protection, and private and hybrid cloud deployments.
