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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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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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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

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Prioritizing AI? Don’t shortchange IT fundamentals

CIO

Fundamentals like security, cost control, identity management, container sprawl, data management, and hardware refreshes remain key strategic areas for CIOs to deal with. But rapid hardware advances may mean CIOs need to budget for much shorter hardware refresh cycles in future to stay up to date.

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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. Orchestrating the right balance of platforms and tools requires an ecosystem of trusted partners.

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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. That’s where partners can help you choose your own adventure.

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Is it SaaS, IaaS, or NaaS?

CIO

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. Like SaaS, it is an all-inclusive category that can span the entire IT infrastructure portfolio from compute to storage to networks.