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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
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The impact of AI on edge computing

CIO

Enterprises are moving computing resources closer to where data is created, making edge locations ideal for not only collecting and aggregating local data but also for consuming it as input for generative processes. Edge storage solutions: AI-generated content—such as images, videos, or sensor data—requires reliable and scalable storage.

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Addressing cloud waste: 4 steps to cloud computing cost optimization

CIO

Every company is different based on its industry, its available resources, and its needs. Here are four steps to getting the most out of cloud computing resources in an economical manner. By and large, these steps have not been enough for many organizations, leading cloud stakeholders to pursue additional avenues.

Cloud 305
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Avoid generative AI malaise to innovate and build business value

CIO

However such fear, uncertainty, and doubt (FUD) can make it harder for IT to secure the necessary budget and resources to build services. On-premises will allow you to customize your model and support it with hardware optimized to handle heavy compute and storage loads.

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Inferencing holds the clues to AI puzzles

CIO

Because LLMs consume significant computational resources as model parameters expand, consideration of where to allocate GenAI workloads is paramount. 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.

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Mainframe data: hybrid cloud object store vs. tape

CIO

Meanwhile, enterprises are rapidly moving away from tape and other on-premises storage in favor of cloud object stores. Cost optimization: Tape-based infrastructure and VTL have heavy capital and operational costs for storage space, maintenance, and hardware.

Cloud 331
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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.