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Vast Data lands $118M to grow its data storage platform for AI workloads

TechCrunch

Vast Data, to make an obvious pun, is raising vast sums of cash. The New York-based startup, which provides a scale-out, unstructured data storage solution designed to eliminate tiered storage (i.e.

Storage 265
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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 207
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Accelerating generative AI requires the right storage

CIO

In generative AI, data is the fuel, storage is the fuel tank and compute is the engine. Organizations need massive amounts of data to build and train generative AI models. In turn, these models will also generate reams of data that elevate organizational insights and productivity.

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Mainframe data: hybrid cloud object store vs. tape

CIO

But while mainframes have advanced, most organizations are still storing their mainframe data in tape or virtual tape libraries (VTL). Stakeholders need mainframe data to be safe, secure, and accessible — and storing data in these archaic environments accomplishes none of these goals.

Cloud 319
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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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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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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