Axe Compute jumps as firm names Kyle Okamoto president to drive AI growth

Shares of AI data centre operator Axe Compute AGPU.O rise 4.2% to $4.24 premarket

Co says it has appointed Kyle Okamoto as president, effective April 1

Co says Okamoto will lead growth strategy and operations as demand rises for computing power used to train and run artificial intelligence systems

He joins from decentralized cloud firm Aethir, where he helped expand access to more than 400,000 graphics processing units, or high-end chips used in AI - AGPU

Co says Okamoto’s experience in building large-scale computing networks will help it compete with big cloud providers and win enterprise clients

As of last close, stock down ~43% YTD