
Spectro Cloud, a Goldman Sachs–backed (NASDAQ:GS) startup valued at about $750 million, announced on Tuesday that it entered a strategic partnership with Nvidia (NASDAQ:NVDA) to address one of the biggest challenges in artificial intelligence: approximately 70% of computing power that often sits unused.
Spectro Cloud unveiled its PaletteAI platform with Nvidia integration, which promises to increase graphics processing unit efficiency from 30% to 60%, potentially saving enterprises millions on infrastructure costs, Business Insider reported.