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Data center investments simplify IT and cloud modernization

CIO

HPE Aruba Networking is coming off a very strong Q2 2023 with our Intelligent Edge revenue reaching $1.3 We have also been investing heavily to expand our data center networking capabilities across switching, automation, and integration into HPE compute, storage, and HPE GreenLake.

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From edge to cloud: The critical role of hardware in AI applications

CIO

All this has a tremendous impact on the digital value chain and the semiconductor hardware market that cannot be overlooked. The apps and tools have to gather, process and deliver back data to the consumer with minimal latency. Hardware innovations become imperative to sustain this revolution.

Hardware 223
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Pliops lands $100M for chips that accelerate analytics in data centers

TechCrunch

According to an IDC survey commissioned by Seagate, organizations collect only 56% of the data available throughout their lines of business, and out of that 56%, they only use 57%. That’s why Uri Beitler launched Pliops , a startup developing what he calls “data processors” for enterprise and cloud data centers.

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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit (DPU), for around $190 million. ” The Fungible team will join Microsoft’s data center infrastructure engineering teams, Bablani said. .

Azure 282
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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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The impact of AI on edge computing

CIO

IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1 Edge computing ensures that data processing occurs locally, significantly reducing the time it takes for decisions to be made.

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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

Two at the forefront are David Friend and Jeff Flowers, who co-founded Wasabi, a cloud startup offering services competitive with Amazon’s Simple Storage Service (S3). Wasabi, which doesn’t charge fees for egress or API requests, claims its storage fees work out to one-fifth of the cost of Amazon S3’s.

Storage 224