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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. 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
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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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NeuReality raises $8M for its novel AI inferencing platform

TechCrunch

NeuReality , an Israeli AI hardware startup that is working on a novel approach to improving AI inferencing platforms by doing away with the current CPU-centric model, is coming out of stealth today and announcing an $8 million seed round. The group of investors includes Cardumen Capital, crowdfunding platform OurCrowd and Varana Capital.

Hardware 250
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Elevate your digital transformation with impactful sustainability

CIO

These priorities are concretely influencing IT buying decisions: According to a global survey by Enterprise Strategy Group, 98% of IT decision-makers report that IT suppliers’ environmental, social, and governance (ESG) programs influence their IT purchasing decisions, and 85% have eliminated a potential technology supplier due to ESG concerns. [1]

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Avoiding Last-Mile Challenges for Remote Workers

CIO

This needs to be a multidimensional review: Computational requirements Storage requirements (local, remote, and backup) Voice communication requirements Video communication requirements Security requirements Special access requirements (e.g. Best Practice 3: Helping employees choose the right hardware can go a long way.

Backup 246
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Capitalizing on technology budgets: A CIO’s story

CIO

Tech and tech-adjacent expenditures, including categories like Customer Relationship Management (CRM), cloud and data services, billing, software, network storage, business process outsourcing, telecommunications services, and data center technology, represent significant expenses.

Budget 162
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Lenovo’s Arthur Hu on the CIO’s customer-centric imperative

CIO

I’ve played a key role in Lenovo’s service-led transformation, as we transition from being a hardware business to one that provides end-to-end technology solutions to support business growth. It is no longer enough to manufacture and ship a piece of hardware. I’ve not done it alone, however.

Hardware 246