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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.

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

TechCrunch

According to Synergy Group , an IT market research firm, Amazon, Microsoft and Google together held a 65% share of the global cloud services market as of Q2, up 61% year-over-year. L2 Point Management led with participation from Cedar Pine and return investors Fidelity Management & Research Company and Forestay Capital.

Storage 224
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Inferencing holds the clues to AI puzzles

CIO

With the potential to incur high compute, storage, and data transfer fees running LLMs in a public cloud, the corporate datacenter has emerged as a sound option for controlling costs. 1 Inferencing on-premises with Dell Technologies can be 75% more cost-effective than public clouds, Enterprise Strategy Group, April 2024.

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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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Avoid generative AI malaise to innovate and build business value

CIO

It isn’t for lack of effort, as recent research suggests. The research cited a lack of talent and skills to work with the technology (62%), unclear AI and GenAI investment priorities (47%), and the absence of a strategy for responsible AI (41%) as the top three obstacles. Learn more about how Dell Generative AI Solutions.

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Is it SaaS, IaaS, or NaaS?

CIO

By: Scott Dennehy, Edge Innovation at Aruba, a Hewlett Packard Enterprise Company. IaaS is defined as the use of IT hardware and software infrastructure components like compute power or storage, utilized through the cloud in a flexible consumption or subscription-based model. This is where it can get confusing.

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De-Risking Enterprise Storage Upgrades (Part 1)

Infinidat

De-Risking Enterprise Storage Upgrades (Part 1). Guest Blogger: Eric Burgener, Research Vice President, Infrastructure Systems, Platforms and Technologies, IDC. During the life cycle of an enterprise storage platform, administrators will likely upgrade that platform a number of times. Bruria Helfer.

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