Shares of Netweb Technologies are higher by 10% on February 19 after the computing solutions provider launched skylus.ai, a Make-in-India technology platform to optimize GPU (Graphics Processing Unit) resource management for Artificial Intelligence and Generative AI projects.
The function of Skylus.ai will be to enable a flexible resource allocation that maximizes GPU utilization for AI workloads. The process will support industries such as pharma, finance, education, automotive design, or any business looking to leverage AI, offering Research as a Service (ReaaS) and Innovation as a Service (IaaS) to clients.
"It addresses the critical challenges faced by organizations in utilizing multi-vendor GPU and CPU resources, offering a vendor-agnostic solution that drives faster ideation, fosters collaboration, and accelerates experimentation while optimizing resource utilization and total cost of ownership," a statement by the company said.
GPUs are circuits that process data at very high speeds, and are now used in applications like machine learning and scientific computing, aside of gaming and video editing.
The platform optimizes AI workloads and reduces GPU wastage, helping businesses focus on innovation.
"AI workloads are expanding rapidly, creating major challenges in resource allocation, provisioning, and management. Businesses struggle with GPU wastage, inefficiencies, and infrastructure bottlenecks, slowing AI adoption and innovation. Skylus.ai addresses these pain points with an intelligent, scalable, and vendor-agnostic solution," Sanjay Lodha, Chairman and Managing Director of Netweb Technologies said.
The company has an orderbook of Rs 360 crore, and claims to have a robust pipeline.
Shares of Netweb Technologies are down nearly 50% from the start of the year, weighed down by an across-the-board selloff in AI-related shares, after Chinese AI startup DeepSeek disrupted the landscape with its computational prowess and claims of cost-effectiveness. The company has been in an OEM partnership with NVIDIA, to design and develop AI GPU systems based on the Blackwell platforms.
Artificial Intelligence contributes nearly 15% to the Netweb's revenue for the first nine months of FY25, positioning it to benefit from government initiatives and industry partnerships. The management during its December quarter earnings call had indicated that it is expecting significant orders from the Indian AI Mission later this year.
Netweb Technologies has a market capitalisation of over Rs 8,300 crore.
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