News/Cloud
Oracle Launches New AI Developer Assistant for Fusion Data Intelligence Platform
Oracle enhances Fusion Data Intelligence with AI: Oracle is integrating a new generative AI-powered developer assistant into its Fusion Data Intelligence service, part of the Fusion Cloud Applications Suite, as announced at CloudWorld 2024. Key features of the AI-powered developer assistant: Streamlines the configuration of Oracle Fusion Data Intelligence service Accelerates the addition of third-party data sources through a guided, step-by-step process Aims to simplify and expedite development tasks for users of the platform Fusion Data Intelligence overview: Updated version of Fusion Analytics Warehouse Combines enterprise data, ready-to-use analytics, and prebuilt AI and machine learning models Delivers comprehensive business intelligence...
read Sep 4, 2024Huawei Cloud Boosts Saudi AI Talent for Vision 2030 Goals
AI initiatives unveiled to support Saudi Vision 2030: Huawei Cloud has announced a series of innovative artificial intelligence initiatives aimed at accelerating Saudi Arabia's digital transformation and supporting the Kingdom's Vision 2030 goals. The announcement was made at the Huawei Cloud Summit Saudi Arabia 2024, which gathered over 600 guests and showcased key AI technologies and ecosystem resources. These initiatives are designed to bolster Saudi Arabia's transformation into a global leader in technology and innovation by providing advanced AI solutions applicable across various industries. The focus areas align with Vision 2030 objectives, including AI-powered industry solutions for sectors such as...
read Sep 3, 2024NVIDIA and Oracle Showcase AI Breakthroughs at CloudWorld 2024
NVIDIA and Oracle partner to advance AI and data processing: The two tech giants are joining forces at Oracle CloudWorld 2024 to showcase the latest advancements in accelerated computing for enterprise AI adoption. Event highlights and key technologies: Oracle CloudWorld 2024 will feature demonstrations of NVIDIA's full-stack accelerated computing platform, showcasing its cost and performance benefits. The event will cover NVIDIA's architectures, including Hopper, Ada Lovelace, and the upcoming Blackwell platform, enhanced with NVIDIA NVLink and NVSwitch technologies. NVIDIA's Quantum-X800 InfiniBand and Spectrum-X Ethernet networking platforms for large-scale AI will also be featured. Attendees can explore solutions for improving workload...
read Sep 2, 2024AI Transforms Presentations: Microsoft Copilot’s New Document Conversion
AI-powered document conversion revolutionizes presentation creation: Microsoft's Copilot tool now allows users to transform Word documents into PowerPoint presentations, streamlining the process of creating targeted, professional slideshows. Key features and requirements: Copilot's document conversion capability is part of Microsoft's AI-powered toolkit, accessible to users with Microsoft 365 apps, a Word document saved in OneDrive, and a Copilot Pro subscription. The tool enables users to generate presentations quickly by typing a few words into the Copilot box within PowerPoint. A free trial of Copilot Pro is available for those interested in testing the feature. The conversion process can be initiated from...
read Aug 26, 2024Google Enhances Cloud Run with Support for NVIDIA L4 GPUs
AI inference gets a boost on Google Cloud Run: Google Cloud has enhanced its serverless platform, Cloud Run, by adding support for NVIDIA L4 GPUs, significantly improving its capabilities for handling complex AI workloads. Key features of the upgrade: The integration of NVIDIA L4 GPUs extends Cloud Run's capabilities to support real-time AI inference This enhancement is particularly beneficial for deploying lightweight generative AI models and small language models The NVIDIA L4 GPU offers up to 120 times the video performance compared to CPUs and 2.7 times the performance for generative AI tasks compared to previous GPU generations Deployment process...
read Aug 23, 2024Tech Giants Are Repurposing Decommissioned Power Stations into AI Data Centers
The data center landscape evolves: Major tech companies are turning to decommissioned power stations and industrial sites as potential locations for new data centers, driven by the surging demand for artificial intelligence and cloud computing capabilities. Microsoft, Google, and Amazon are at the forefront of this trend, exploring opportunities to repurpose old industrial infrastructures to meet their expanding data center needs. These sites offer advantages such as large land areas, existing power infrastructure, and proximity to water sources, all crucial elements for modern data center operations. Notable examples of industrial site conversions: Several high-profile projects showcase the growing interest in...
read Aug 23, 2024Chinese Firms Bypass US AI Chip Bans Through Cloud Loophole
Cloud services as a loophole: Chinese firms are leveraging Amazon Web Services (AWS) and other cloud platforms to access restricted US artificial intelligence chips and models, effectively bypassing export controls. At least 11 Chinese entities have sought access to restricted US technologies through cloud services, according to a review of tender documents. This practice does not violate current US regulations, as the laws only govern direct export of physical goods, software, or technology. The loophole allows Chinese companies to remotely access advanced US technology without directly purchasing or importing the hardware. Specific examples of circumvention: Several Chinese institutions have successfully...
read Aug 21, 2024Dropbox Acquires Reclaim.ai to Boost AI-Driven Productivity Tools
Dropbox acquires Reclaim.ai: In a strategic move to enhance productivity tools, Dropbox has acquired Reclaim.ai, a smart calendar management platform, signaling a significant shift in the productivity software landscape. The acquisition rationale: Reclaim.ai's integration into Dropbox aligns with CEO Drew Houston's vision for AI-enhanced productivity tools, aiming to revolutionize how organizations manage time and priorities. The acquisition brings together Reclaim's expertise in smart calendar management with Dropbox's established presence in cloud storage and collaboration. This merger is expected to accelerate the development of AI-driven productivity solutions, potentially reshaping how businesses approach time management and task prioritization. The move indicates Dropbox's...
read Aug 20, 2024NVIDIA and VMware to Highlight Enterprise AI and Cloud Solutions at Upcoming Event
VMware Explore event to showcase enterprise AI advancements: The upcoming VMware Explore event in Las Vegas will highlight the collaboration between NVIDIA and VMware in transforming the generative AI landscape for enterprises. The event, taking place next week, will bring together tech leaders from around the world to discuss the latest developments in enterprise AI and cloud solutions. NVIDIA and VMware will showcase their joint efforts in accelerating AI adoption across various industries through innovative platforms and solutions. Keynote presentation to focus on AI collaboration: VMware's Senior Vice President and General Manager Krish Prasad will be joined by NVIDIA's head...
read Aug 16, 2024AI-Powered Box-Slack Integration Enhances Enterprise Content Management
Box and Slack have announced an expanded partnership that integrates advanced AI capabilities into enterprise content management, aiming to transform how organizations interact with and manage their content within the Slack platform. Enhanced integration features: The Box-Slack collaboration introduces several key improvements designed to boost productivity and streamline workflows for joint customers. Users can now perform unlimited AI-powered searches on Box files directly within Slack, enabling teams to extract insights from documents without leaving their messaging environment. Secure and dynamic file previews allow users to view the latest versions of Box documents, including PDFs, spreadsheets, and presentations, directly in Slack...
read Aug 14, 2024Rising Demand for AI is Creating a Windfall for Cloud Service Providers
Cloud spending continues to surge, with hyperscalers betting big on AI to fuel future growth. The global cloud infrastructure market saw a 19% year-over-year increase in Q2 2024, reaching $78.2 billion, as major providers expand their AI offerings and partnerships to capitalize on the technology's potential. Market dominance of top cloud providers: The top three cloud providers - AWS, Microsoft Azure, and Google Cloud - collectively grew by 24%, capturing 63% of total cloud infrastructure spending. AWS maintained its market leadership with 19% growth, while Microsoft Azure and Google Cloud outpaced the market with 29% and 30% growth, respectively. The...
read Aug 9, 2024The Big Tech Companies Seeing the Greatest ROI on their Billion Dollar AI Bets
The race to dominate the AI landscape has prompted Big Tech companies to invest heavily in AI infrastructure, with major players like Microsoft, Amazon, Alphabet, and Meta pouring billions into building capacity to meet surging demand. Massive capital expenditures: Big Tech companies have significantly ramped up their investments in AI infrastructure, spending nearly $104 billion in the first half of 2024 alone. This represents a 47% year-over-year increase in capital expenditures (capex) for AI-related projects. The scale of these investments has raised questions about the potential return on investment and whether companies might be overextending themselves financially. Analysts have pressed...
read Aug 8, 2024Soaring AI Demand is Creating a Multi-Billion Dollar Market for Networking Solutions
Lumen Technologies has secured $5 billion in new contracts for networking and cybersecurity solutions, driven by the rapid adoption of AI technologies across various industries. This significant development highlights the crucial role of telecommunications infrastructure in supporting the ongoing AI revolution. AI-driven demand surge: The increasing implementation of AI technologies by businesses has led to a substantial increase in demand for high-capacity networking solutions. Lumen's new contracts, totaling $5 billion, are primarily with cloud and tech companies seeking to enhance their network capabilities for AI workloads. The company is also in discussions for additional sales opportunities worth $7 billion, indicating...
read Aug 8, 2024What CIOs Are Planning to Boost Enterprise AI
The big picture: AI is poised to revolutionize enterprise networking, with IT leaders identifying key areas for improvement in network management, security, and automation. Key areas of AI-driven network enhancement: IT leaders have pinpointed several critical domains where AI is expected to significantly improve network operations and management. Optimizing network performance emerged as the top priority, with 33% of IT leaders highlighting this area for AI implementation. Enhancing network security closely followed, with 31% of respondents emphasizing AI's potential in bolstering defensive measures. Increasing network automation was identified by 30% of IT leaders as a crucial application of AI technology....
read Aug 6, 2024AI Infrastructure Boom Fuels Billion-Dollar Cloud Startups
The rapid growth of artificial intelligence has spawned a new category of cloud computing companies specifically catering to the unique infrastructure needs of AI development, with some quickly reaching billion-dollar valuations. The AI infrastructure gold rush: The explosion of AI development has created massive demand for specialized cloud computing resources, particularly GPU-powered systems optimized for machine learning workloads. Companies like CoreWeave and Lambda have rapidly grown to billion-dollar valuations by offering flexible, on-demand access to GPU computing power tailored for AI startups and researchers. These new players are positioning themselves as alternatives to major cloud providers like Amazon Web Services...
read Aug 6, 2024AI Startups Dominate Forbes Cloud 100 Rising Stars List
The Forbes Cloud 100 Rising Stars list for 2024 showcases 20 promising cloud startups poised to become industry leaders, with a strong emphasis on AI applications across various sectors. AI dominance in cloud innovation: The 2024 Rising Stars list reflects the growing influence of artificial intelligence in shaping the future of cloud-based technologies and services. Many of the featured startups are leveraging AI to solve complex problems and enhance productivity across diverse industries, from sales and manufacturing to healthcare and defense. The prevalence of AI-focused companies on the list underscores the technology's potential to drive significant advancements in cloud computing...
read Aug 1, 2024MIT Survey Shows Crucial Connection Between Cloud Investment and AI Strategy
Key Takeaways: Generative AI is already transforming business operations and boosting bottom lines, but realizing its full potential requires significant investment in cloud infrastructure and strategy: Early AI investments are yielding impressive results in areas such as knowledge management, search, software development, and customer service across various industries. The cloud has evolved beyond storage and cost savings to become a crucial driver of innovation, transformation, and disruption, especially when combined with AI. Most companies are still experimenting and preparing their cloud infrastructure for AI, with many planning additional investments to accelerate progress. Cloud as an AI Enabler: The cloud plays...
read Jul 11, 2024AWS Announces Major Expansion of AI Offering
Amazon Web Services announced a major expansion of its AI capabilities, aiming to outpace competitors and solidify its position in the rapidly evolving cloud market. Rapid AI development to attract customers: AWS is betting that its speedy development of AI products will make its cloud services more attractive to customers, as it faces increasing competition in the cloud infrastructure market: AWS has launched over 320 major generative AI features into general availability this year, more than double that of all other large cloud providers combined, according to Matt Wood, AWS' vice president of AI products. 90% of these launches come...
read Jul 1, 2024Pure Storage Launches AI-Driven Platform, Redefining Enterprise Storage for the AI Era
Pure Storage unveils a comprehensive AI-driven enterprise storage platform, delivering enhanced performance, automation, and intelligence to meet the evolving needs of modern AI workloads and data-centric environments. Key innovations and capabilities: Pure Storage introduces several groundbreaking features designed to simplify storage management and optimize performance across diverse enterprise environments: Pure Fusion, an industry-first storage automation solution, unifies storage arrays and dynamically optimizes storage pools across structured and unstructured data, both on-premises and in the cloud. The Pure Storage AI Copilot, a pioneering generative AI tool, leverages insights from thousands of customers to guide storage teams through complex performance and management...
read Jun 28, 2024Google Cloud Boosts AI Accuracy with New Updates to Vertex AI
Google Cloud introduces new Vertex AI capabilities to enhance the accuracy and reliability of enterprise AI applications, addressing concerns about misleading or inaccurate outputs from generative AI models. Key features for enterprise-ready AI: Google Cloud is rolling out new features for its Vertex AI platform to help organizations build more accurate and trustworthy AI services: Grounding with third-party datasets: Customers can now leverage specialized datasets from providers like Moody's, MSCI, Thomson Reuters, and ZoomInfo to improve the accuracy of their AI models' outputs, with this feature becoming available in Q3 2024. High-fidelity mode: Organizations can use their own corporate datasets...
read Jun 21, 2024AI Dominates Tech Spending as Enterprises Embrace Generative AI and Cloud Infrastructure
High interest rates are pressuring corporate tech budgets, but AI and cloud remain critical investment priorities, according to a new CNBC Technology Executive Council survey: AI dominates tech spending amid budget pressures: Despite economic concerns, 60% of companies view generative AI as critically important, with AI being the largest budget item for 44% of firms and 60% describing their AI investments as "accelerating." The survey found that among companies investing in AI, roughly four times as many are focusing on employee-facing tools like Microsoft Copilot compared to customer-facing applications such as service and sales chatbots. Accenture CEO Julie Sweet noted...
read Jun 20, 2024AI Driving Cloud Disruption: Bessemer’s 2024 State of the Cloud Report
Bessemer Venture Partners' 2024 State of the Cloud report highlights five key trends shaping the future of the Cloud AI economy, indicating that the reality of AI adoption is outpacing the hype. Big Tech's battle over AI foundation models: The report predicts that foundation models will become the new "oil" fueling downstream AI applications, with Big Tech companies vying for market dominance through significant investments in model providers like OpenAI, Anthropic, and others. Bessemer believes the majority of value captured in the model layer will be shared by incumbent cloud vendors and a few household name layer companies. The battle...
read Jun 20, 2024Nvidia CEO Pushes into Software, Cloud Services Amid Concerns Over Chip Demand, Data Centers
The rapid development and high demand for Nvidia's AI chips have led to concerns about data center capacity and the company's future growth, prompting CEO Jensen Huang to push Nvidia into software and cloud services. Key takeaways: Huang's worries about customer data center space for Nvidia's AI chips highlight the challenges of sustaining the company's remarkable growth: Nvidia's biggest customers, cloud server providers like AWS and Microsoft, may not have enough data center capacity and power to accommodate the AI chips they've ordered. Huang has held meetings with executives to discuss this issue, leading to increased communication with customers to...
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