Character A.I. AI cloud services agreement
Company: Applied Digital
The claim, verbatim
Secured Character A.I. as first AI customer with initial agreement worth $180 million over 24 months; customer executed full option and added additional $180 million option, totaling $360 million potential value
Source (primary)
Earnings Release (IR page (ir.applieddigital.com), earnings_call)
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Quote: “the Company announced the signing and successful onboarding of its first AI customer, Character A.I., with an agreement worth up to $180 million over 24 months. This customer executed its option for the full $180 million contract and added an additional option for another $180 million in capacity, doubling the potential value of this initial contract”
How we checked this
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Additional evidence
confirms Earnings Release
Quote: “the Company announced the signing and successful onboarding of its first AI customer, Character A.I., with an agreement worth up to $180 million over 24 months. This customer executed its option for the full $180 million contract and added an additional option for another $180 million in capacity, doubling the potential value of this initial contract”