What's Going On With Block Stock On Wednesday?

Block, Inc. (NYSE:XYZ) shares are trading higher on Wednesday.

The firm is making waves in the AI space with its announcement on Wednesday that says it will become the first company in North America to deploy NVIDIA’s DGX SuperPOD with DGX GB200 systems.

The DGX SuperPOD with NVIDIA GB200 systems can easily train and run state-of-the-art AI models with trillions of parameters by scaling up to tens of thousands of NVIDIA GB200 Superchips.

This deployment by Block, set for an Equinix data center, will be utilized to advance research and training in open-source generative AI models, focusing on novel solutions for underexplored areas.

This move follows Block’s launch of codename goose, an open-source AI agent framework, and signals the company’s continued commitment to AI-driven innovation.

Also Read: Cathie Wood’s Ark Invest Continues To Load Up On Tempus AI, Dumps Bitcoin-Focused Block In Tech Meltdown Aftermath

According to Benzinga Pro, XYZ stock has lost over 31% in the past year. Investors can gain exposure to the stock via VanEck Digital Transformation ETF (NASDAQ:DAPP).

Dhanji R. Prasanna, Block’s CTO, emphasized the company’s commitment to exploring and advancing AI tools not just for existing problems but in groundbreaking ways that level the playing field for their customers.

“We’re excited to deploy an NVIDIA Grace Blackwell DGX SuperPOD and start exploring novel solutions for our customers. We’re committed to an open source approach, sharing our learnings and results along the way,” Prasanna said.

Block has already garnered attention for its past work, including deepfake detection and hyper-realistic generated audio.

The Grace Blackwell-powered NVIDIA DGX SuperPOD is designed to accelerate AI innovation by enabling the training of larger and more advanced models.

Block said that its engineering teams can now take advantage of this cutting-edge infrastructure to develop open-source AI models that address complex, real-world challenges.

By deploying this system at one of Equinix’s AI-ready data centers, Block ensures high performance, low-latency connectivity, and data privacy compliance.

Price Action: XYZ shares are trading higher by 1.37% to $56.05 at last check Wednesday.

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