NexGen Cloud’s $1bn AI supercloud to turbocharge AI in Europe

Europe

NexGen Cloud, a sustainable Infrastructure-as-a-Service provider, announced plans and funding for one of Europe’s first AI Supercloud deployments to support the development and growth of AI enterprises.

UK-based NexGen Cloud, an Elite member of the NVIDIA Partner Network, plans to invest $1 billion to build its AI Supercloud in Europe, with $576 million already committed in hardware orders with suppliers. The AI Supercloud will provide a dedicated compute-intensive platform for...

10 October 2023 | Banking & Finance

Global cloud comms revenue to grow at 18.3% CAGR over 2022-2027

Cloud communications is expected to witness a substantial growth over the next five years, as businesses are switching from legacy PBX solutions to cloud communications and opting for a pay-as-you-go model to optimise expenses and avoiding upfront investments.

Against this backdrop, the cloud communications market size is anticipated to grow at a compound annual growth rate of 18.3% from $78 billion in 2022 to $180.7 billion in 2027, forecasts GlobalData, a data and analytics...

9 October 2023 | Banking & Finance

Infinity Group acquires RedkiteCRM to drive social housing digitisation

Infinity Group, a Microsoft-focused cloud services, security and business applications partner in the UK, has acquired RedkiteCRM, one of the few Microsoft-focused Housing Management System providers serving the social housing sector.

RedkiteCRM provides deep industry expertise and dedicated IP catering to the unique challenges faced by housing associations managing tenant communications and operations. In a match with Infinity Group, all their tailored solutions are built on...

5 October 2023 | Cloud Computing

OVHcloud adds GPUs to help companies power AI’s most demanding workloads 

OVHcloud, part of the NVIDIA Partner Network, continues to develop its portfolio of AI solutions, adding new NVIDIA GPU product offerings that form an integral part of its strategic vision for artificial intelligence.

Acknowledging the tremendous impact AI will have in the years to come, OVHcloud is on a mission to help customers grow their businesses, uniting an ecosystem through innovative, easy and affordable AI solutions, featuring transparent, ethical and open models that...

4 October 2023 | Cloud Computing

Cloud infrastructure spending ticks over thanks to complex workloads and AI

Spending on compute and storage infrastructure products for cloud deployments went up almost 8% year on year for the second quarter of 2023 to $24.6 billion (£20.36bn), according to IDC.

The biggest winner among the categories was shared cloud infrastructure, for which spending grew 13.7% year on year to $17.9bn in the quarter, and has on its own surpassed non-cloud spending, with the latter declining 8.3% year-over-year in the most recent quarter, to $14.4bn. Shared cloud...

3 October 2023 | Infrastructure

Cloudflare points finger at hyperscalers holding cloud data captive

Cloudflare says organisations are losing control over their IT and security environments – and the big cloud providers are holding all the keys to the castle.

The web performance and security provider released a study alongside Forrester which polled almost 450 IT decision makers globally, and found that while organisations had seen a dramatic increase in application adoption – predominantly SaaS-based – challenges have resulted.

Two in five firms polled (40%)...

26 September 2023 | Data & Analytics

Red Hat and Oracle bring Red Hat OpenShift to Oracle Cloud Infrastructure

Red Hat, a provider of open source solutions, and Oracle, have expanded their alliance to offer customers a greater choice in deploying applications on Oracle Cloud Infrastructure (OCI).

As part of the expanded collaboration, Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes for architecting, building, and deploying cloud-native applications, will be supported and certified to run on OCI. 

Red Hat OpenShift on OCI...

25 September 2023 | Applications

2023 State of Tech in Biopharma report reveals tech strategies in era of data and AI 

An image depicting artificial intelligence.

Benchling has launched its inaugural 2023 State of Tech in Biopharma report, which has shed light on the obstacles that biopharma encounter when striving to fully implement and embrace these technologies. 

The report surveyed 300 R&D and IT experts from biopharma companies large and small to do a first-ever investigation into biopharma’s use of an enabling tech stack — consisting of robotics and automation, connected instruments, R&D data platforms, cloud-based...

21 September 2023 | Applications

Friction between finance and tech leaders prevents companies from controlling cloud spend

Vertice, an optimisation platform for SaaS and cloud spend, has unveiled the results of its global survey, 'The State of Cloud Cost Optimisation', which reveals that organisations are being held back from controlling their cloud spending and gaining ROI because of a lack of alignment between finance and tech leaders.

Amidst cloud costs rising by an average of 35% year on year, Vertice surveyed 600 senior finance and tech leaders in the US and UK and found that cutting cloud...

21 September 2023 | Applications

Mainframe modernisation driving $12bn+ cost savings for businesses

Kyndryl, an IT infrastructure services provider, has unveiled the findings of its inaugural global survey and analysis of the current and future state of mainframe modernisation for businesses. 

The survey among 500 business and IT leaders finds that most organisations are taking a hybrid approach to mainframe modernisation and collectively achieve $12.5B in cost savings.

In today´s competitive and fast-changing business...

18 September 2023 | Banking & Finance