Before the pandemic, there was a significant demand for digital transformation. The pandemic has been a huge catalyst for this sector as digital helps to automate many processes that impact the way we live, work, and communicate. The medical sector has come into the forefront, and digital computer systems have helped to dramatically speed up the process of testing and producing effective vaccines. Continued investments in strategic digital capacities and infrastructures as well as upskilling and modernising the interaction between governments and citizens will underpin our future prosperity.
The European heads of state and government agreed that HPC, AI, data, cybersecurity, digital skills, and the digitisation of the public and private sectors were the essential pillars in which the EU should invest for a strong digital economy. However, it has been observed that the EU is lagging. Member states alone have not been able to reach the necessary scale of investment to compete effectively on a global scale.
A significant problem is the lack of European HPC facilities in the global top 10. The EU consumes one-third of HPC resources while only producing 5% of computer power. European scientists and engineers rely on expensive U.S. supercomputing facilities more than those in the EU by a factor of 10.
At Solidus Ai Tech, we have completed the main build of our data centre and are ready to commence the installation of our HPC infrastructure which is based in Europe (Bucharest), which will significantly help to bridge this gap and will enable European companies to obtain their supercomputing power within the EU. We expect this facility to be more efficient and of lower cost than in most of the U.S. By operating in Bucharest, we have the benefit of low-cost electricity and fast internet speeds as well as our Intellectual Property (IP) and expect to run at around 40% less power consumption than the industry average.
We have the capacity to scale up our operations and, as we do so, we expect to quickly become the top EU HPC centre and in the global top 10 HPC centres.