(Reuters) – Germany-based Northern Information AG (ETR:) is exploring a U.S. preliminary public providing for its synthetic intelligence cloud computing and knowledge heart models at a valuation of as a lot as $16 billion, Bloomberg Information reported on Monday, citing individuals conversant in the matter.
The corporate, which gives infrastructure for high-performance computing, plans to enlist an entity comprising its cloud computing unit Taiga, and knowledge facilities, known as Ardent, on the Nasdaq inventory alternate as early as the primary half of subsequent 12 months, based on the report.
Northern Information might additionally promote a minority stake within the unit to traders previous to a list, the report stated.
The corporate didn’t instantly reply to a Reuters request for remark.