Gasgoo Munich-Black Sesame Technologies recently signed a sales framework agreement and a supporting technical cooperation agreement with an A-share-listed company in China for AI computing servers, with a total contract value of approximately RMB 300 million, according to a post Black Sesame Technologies issued via its WeChat account on Oct. 14. The partner is expected to purchase around RMB 250 million worth of complete AI computing server systems built around Black Sesame Technologies’s high-performance AI chips within one year of signing.
Image source: Black Sesame Technologies
Key Takeaways
The contract is the first order for Black Sesame Technologies’s AI computing server business, marking the substantive implementation of the companies’ broader strategic partnership.
AI computing demand is expanding beyond cloud data centers into edge computing and on-premises applications, creating new commercial opportunities.
Expanding into AI computing servers
As AI applications move further into commercial deployment, computing demand is extending from cloud data centers to edge computing and on-premises applications. Black Sesame Technologies is expanding its computing platform capabilities, which have undergone large-scale automotive-grade validation, into AI computing servers to bring its in-house computing products to a wider range of applications.
Black Sesame Technologies said the agreement is expected to broaden its customer base and revenue opportunities, expand its computing product portfolio, and advance its AI computing servers from technical validation to commercial deployment.
CEO comments on business expansion
Black Sesame Technologies founder and CEO Shan Jizhang said the agreement marks important progress in extending the company’s AI computing platform into the server market. He added that a major order from a leading customer could support longer-term revenue growth and profitability while further developing the company’s AI computing products and solutions.
Black Sesame Technologies said it plans to pursue further AI computing service partnerships with major companies and advance additional orders as demand expands from cloud computing to edge and on-premises deployments.
