R2 provides an affordable, zero egress solution to support the architectural freedom needed to train AI models
Groundbreaking generative AI companies, including Character.ai, Leonardo.ai., Lexica.art, and SiteGPT.ai, rely on Cloudflare
SAN FRANCISCO–(BUSINESS WIRE)–Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced that Cloudflare R2 Storage, the distributed object storage that eliminates egress costs, is providing essential infrastructure for leading generative artificial intelligence (AI) companies. Cloudflare is announcing several partnerships with AI infrastructure companies to help companies avoid vendor lock-in and make training generative AI models accessible and affordable.
Generative AI requires massive amounts of computing power and relies on graphics processing units (GPUs) to quickly and efficiently process enormous amounts of data to train the large language models (LLMs) that are at the core of their offerings. With the sudden acceleration of generative AI companies coming on the market, these companies are now facing a scarcity of processing power from their cloud providers. This requires companies to move data across multiple clouds or regions to find available GPUs, resulting in skyrocketing costs that cloud providers typically charge for data transfer – especially transfers that are frequent or over large distances. In addition, as new GPU chips optimized for AI workloads are released, AI startups want the flexibility to use the best technology available and not be locked into a single ecosystem. Cloudflare R2 Storage solves both these challenges by providing zero-cost egress – making it simple to migrate large volumes of data across clouds and easily use best-in-class technology.
“Cloudflare is providing the first developer platform built for the age of AI,” said Matthew Prince, co-founder and CEO of Cloudflare. “AI companies understand that Cloudflare is designed for speed and efficiency, enabling them to be competitive in this rapidly changing market. As they grow in popularity and traffic, we’re there to help with storage, security, and performance as costs and bots sneak up on them. Our global network and zero egress fees means these developers can focus on innovating fast, and worry less on the cost and technical decisions that sneak up on them.”
“AI has always put a high demand on storage needs, and Generative AI will only accelerate that trend,’ says Dave McCarthy, Research Vice President at IDC. “While the cloud has become a logical place to store data, 64% of technology decision makers claim they are spending more than their budgets. The secret is out – data transfer fees are a big factor in overall cloud costs.”
Cloudflare Partners with AI Infrastructure Companies
Cloudflare is announcing several new partnerships to support generative AI companies using R2 Storage as part of the infrastructure for their training models. These partnerships will ensure that the innovation around AI-specialized and distributed GPUs works the way it was intended, eliminating vendor lock-in and making training generative AI models accessible and affordable:
AI Companies Rely on Cloudflare
AI companies like Character.ai, Leonardo.ai, Lexica.art, and SiteGPT.ai rely on Cloudflare to provide the tools needed to serve up real-time inferences, images, conversations, and more with users around the world.
To learn more, please check out the resources below:
About Cloudflare
Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was awarded by Reuters Events for Global Responsible Business in 2020, named to Fast Company’s Most Innovative Companies in 2021, and ranked among Newsweek’s Top 100 Most Loved Workplaces in 2022.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of R2 Storage and Cloudflare’s other products and technology, the benefits to Cloudflare’s customers from using R2 Storage and Cloudflare’s other products and technology, Cloudflare’s partnerships with MosaicML and CoreWeave and the potential resulting benefits to Cloudflare customers, the potential opportunity for Cloudflare to attract additional customers and to expand sales to existing customers through Cloudflare’s partnerships with MosaicML and CoreWeave, the timing of when R2 Storage or any of its related features will be generally available to all current and potential Cloudflare customers, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on April 27, 2023, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2023 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
Contacts
Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 31 October 2024 - E-brokerage is a…
Strategic alliance poised to create new growth avenues in Thailand, Japan, and beyond. BANGKOK, THAILAND…
Leonteq announced today that it has enabled its Shari’a-compliant structured product offering on its digital…
Revolutionizing Home and Commercial Cleaning with Aqueous Ozone Solutions that are hypoallergenic & eco-friendly QUEENSLAND,…
Enjoy up to 10% rebate and chance to win business class round trip to Tokyo…
BANGKOK, THAILAND - Media OutReach Newswire - 5 November 2024 - Indorama Ventures Public Company…