Remark Holdings enters into cloud services agreement with Microsoft

Remark Holdings (MARK) has signed a cloud services agreement with Microsoft (MSFT) to deliver cloud services via Microsoft Azure to Remark over the next five years. This collaboration aims to allow Remark to broaden its sales and marketing through the Microsoft Azure Marketplace, providing institutional credibility for prospective IT departments’ approval, as well as rapidly scaling Remark’s AI inference and training models. The five-year agreement is expected to drive $240M of AI business for Remark by 2029. Concurrent with the establishment of the collaboration with Microsoft, Remark AI, a business unit of Remark Holdings, introduced its first SaaS-based AI video analytics platform, Remark Vision Analytics, that integrates Microsoft Azure Cloud and GPU Services. RVA is the first in a series of strategic applications from Remark AI that provides computer vision applications across six vertically-focused divisions. Remark AI will release additional computer vision offerings that integrate Microsoft Azure Infrastructure Cloud Services, and GPU services. The computer vision applications from Remark AI use Azure GPU services to train Remark AI’s multimodal image models to analyze mission-critical events or incidents in real time.