Dec 2 (Reuters) – Cloud infrastructure company Vultr said on Tuesday it would invest more than $1 billion to launch a new artificial intelligence cluster powered by Advanced Micro Devices’ processors at a new data center in Springfield, Ohio.

The new cluster is a 50-megawatt, 24,000-chip facility that will deploy AMD’s Instinct MI355X graphics processing units, which will be interconnected with ethernet-based fabric that improves data transfer speed and traffic flow.

Vultr is trying to benefit from the AI boom by positioning itself as a cost-effective alternative to hyperscalers, offering computing at lower prices. Vultr CEO J.J. Kardwell said that its cloud infrastructure services are typically half the price of what hyperscalers charge.

The company forecasts the new cluster to go onli

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