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Capitalizing on technology budgets: A CIO’s story

CIO

While traditional approaches to bridging the profitability gap, like layoffs and budget cuts, can harm company culture, an innovative and practical alternative is capitalizing on technology budgets. Capitalizing on technology budgets presents a viable solution. This pool is ripe for reduction, resulting in substantial savings.

Budget 147
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Accelerating generative AI requires the right storage

CIO

What does this have to do with technology? The World Economic Forum estimates 75% of companies will adopt AI by 2027. In generative AI, data is the fuel, storage is the fuel tank and compute is the engine. All this data means that organizations adopting generative AI face a potential, last-mile bottleneck, and that is storage.

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EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

TechCrunch

EnCharge AI , a company building hardware to accelerate AI processing at the edge , today emerged from stealth with $21.7 Speaking to TechCrunch via email, co-founder and CEO Naveen Verma said that the proceeds will be put toward hardware and software development as well as supporting new customer engagements.

Hardware 216
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AI chip startup Axelera lands $27M in capital to commercialize its hardware

TechCrunch

Unlike conventional chips, theirs was destined for devices at the edge, particularly those running AI workloads, because Del Maffeo and the rest of the team perceived that most offline, at-the-edge computing hardware was inefficient and expensive. It’s also not the first company pursuing an in-memory architecture for edge devices.

Hardware 240
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The New Way Companies are Harnessing Data at the Edge for Value Added in Real-Time

CIO

1] In each case, the company has volumes of streaming data and needs a way to quickly analyze it for outcomes such as greater asset availability, improved site safety and enhanced sustainability. Outcome-based solutions delivered in an as-a-service model allow companies to realize this rapid time-to-value.

IoT 316
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Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

TechCrunch

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Fidelity Management & Research Company led the round with participation from previous investors. Wasabi storage starts at $5.99

Storage 218
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Energy Dome uses CO2 for long-term power storage for solar energy

TechCrunch

Longer-term energy storage is a drag, and a lot of battery tech has been focusing on “how quickly can we charge these batteries so I can drive my EV for another couple of hundred miles.” It points out that this is a fast-growing market segment, not well served by existing battery technologies.

Energy 248