Generative AI Solutions Corp. Ends GPU Supply Agreement Amid Market Changes
- Generative AI Solutions Corp. has terminated its GPU supply agreement due to market flexibility issues.
- The agreement was originally made to provide AI compute services with NVIDIA H100 GPUs.
- The company aims to implement a new sales agreement that aligns better with current market conditions.
On November 6, 2024, Generative AI Solutions Corp. (GenAI) announced the termination of a previously established GPU supply agreement, originally set in July 2023. This decision was made due to the agreement's lack of flexibility to meet the rapidly evolving commercial needs within the artificial intelligence sector. Both GenAI and its Silicon Valley customer recognized that the market landscape for AI technology and supplies has dramatically changed since the time of the original contract. Moving forward, they plan to establish a new arrangement where the customer will act as a marketer for AI equipment, earning a sales commission while revenue is directed to GenAI. This shift aims to optimize their business strategies in a developing market that requires adaptability.