A significant problem is the lack of European HPC facilities in the global top 10. European scientists and engineers rely on expensive U.S. supercomputing facilities more than those in the EU by a factor of 10. At Solidus AITECH, we have completed the main build of our data centre and are ready to commence the installation of our HPC infrastructure which is based in Europe (Bucharest), which will significantly help to bridge this gap and will enable European companies to obtain their supercomputing power within the EU. We expect this facility to be more efficient and of lower cost than in most of the U.S. By operating in Bucharest, we have the benefit of low-cost electricity and fast internet speeds as well as our Intellectual Property (IP) and expect to run at around 40% less power consumption than the industry average. We have the capacity to scale up our operations and, as we do so, we expect to quickly become the top EU HPC centre and in the global top 10 HPC centres.

There is no doubt that we are becoming more and more digitized. More and more digital things are coming into play and this has become even more evident after the harsh Covid-10 pandemic. One of the most important points today is artificial intelligence (AI) and automation, there are many advantages within artificial intelligence as well as many tools that are already used in our day-to-day lives and will be used more and more. In fact, this market is expected to grow from around 58 billion today to more than 300 billion in 5 years. For this reason, more and more resources are needed for these purposes and for research through AI, so new projects and new companies are also needed to expand all its possibilities to the maximum.