Pentanet (ASX:5GG) expands NVIDIA agreement for cloud computing

Pentanet (ASX:5GG) expands NVIDIA agreement for cloud computing

March 15, 2024 Off By Jack Baker

Pentanet has amended its agreement with technology titan NVIDIA to formally recognise New Zealand as a serviceable territory, add a pathway to neighbouring ones, and continue being the exclusive distributor of its cloud gaming service GeForce NOW in Australia.

The Western Australian internet services provider was founded to put a focus on gaming, an onus which has continued to be rewarded with rising revenues, over 530,000 GeForce NOW members, and a hand-picked status by the trillion-dollar power as an Alliance Partner.

Pentanet Managing Director Stephen Cornish said now it had demonstrated success with NVIDIA it was moving to a Capex deployment model more in-line with requirements and retain a first right of refusal to continue being Australia’s sole distributor.

“With over half a million members now part of the CloudGG ecosystem, Pentanet continues to demonstrate the growing appetite for cloud gaming in our territory,” Cornish said.

NVIDIA Vice President of GeForce NOW Phil Eisler added that Pentanet has fostered a deeply engaged community.

“Its commitment to delivering GeForce RTX 3080-level performance that elevates experiences for gamers nationwide and underscores the company’s dedication to pushes the boundaries of gaming and internet connectivity,” Eisler said.

Consoles on the cloud

Cloud gaming is essentially a way to play high-spec modern video games without needing to buy a current generation console or top-end computer.

Perth-based Pentanet’s service allows customers to connect to its own supercomputers existing in the cloud and play erstwhile-unplayable games on dated technology still usable for less processor-intensive purposes.

And it’s also a matter of space, with modern games increasingly bloated with uncompressed files, little-used assets, and often useless features.

Even re-released older games formerly running on space-conscious programming now come with a ridiculous gigabyte price tag – note a recent Battlefront Classic Collection taking up 63GB for an almost 20-year-old game.

The state of play and advancing technology has led to a massive cloud gaming industry which continues to perform through a post-COVID dip in the wider industry, and territory is there for the taking away from highly competitive American shores.

Pentanet has been the Australian benefactor, and now has an expanded agreement in place with not only one of gaming’s biggest company’s but one of the world’s biggest corporate entities.

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