Joint venture with Foundry Technologies for AI/ML hosting
Company: Applied Digital
The claim, verbatim
Applied Digital formed SAI Computing LLC with Foundry Technologies, with APLD holding 98% ownership, to provide AI and machine learning hosting services
Source (primary)
Applied Digital 424B3 filed 2023-05-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On October 13, 2022, the Company entered into a joint venture agreement with Foundry Technologies, Inc. ('Foundry') to form SAI Computing, LLC ('SAI'). SAI will provide artificial intelligence and machine learning application customers with access to machines and a hosting environment. The Company has an 98% ownership interest in SAI and consolidates the entity.”
How we checked this
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Additional evidence
confirms Applied Digital 424B3 filed 2023-05-16
Quote: “On October 13, 2022, the Company entered into a joint venture agreement with Foundry Technologies, Inc. ('Foundry') to form SAI Computing, LLC ('SAI'). SAI will provide artificial intelligence and machine learning application customers with access to machines and a hosting environment. The Company has an 98% ownership interest in SAI and consolidates the entity.”