The document outlines the IBM EDA team's initiative to utilize IBM Cloud HPC for chip verification simulations, addressing the need for diversified capacity and cost management as on-premise hardware approaches obsolescence. The solution involves leveraging IBM Cloud's flexibility, utilizing 36K vCPU across two cloud regions, and integrating IBM Spectrum Scale LSF and IBM Storage Scale GPFS to enhance simulation efficiency and productivity. The approach emphasizes the use of AI tools and methodologies to improve turnaround time and quality of results in chip verification processes.