Nvidia (NASDAQ: NVDA) was one of the most actively traded stocks in the U.S. market on Tuesday, following its presentation on the Blackwell platform at the Hot Chips 2024 conference at Stanford University on Monday. Wells Fargo highlighted that while there were no new details regarding Blackwell’s availability or rollout timeline, the presentation offered several […]
US mobile giant AT&T has lost control of a massive dataset containing call and text records for nearly all its customers, spanning a six-month period in 2022. The breach is linked to a series of cyberattacks targeting customers of cloud data platform Snowflake. AT&T revealed the incident in a filing with the Securities and Exchange […]
Is the Cloud Losing Its Appeal? Cloud repatriation—the process of moving cloud workloads and storage back to on-premises or rented data centers—has become a hot topic after the recent surge in cloud adoption. A Citrix poll revealed that 94% of hundreds of IT and business leaders in the US have repatriated some workloads, and controlling […]
Data centers throughout the United States are gearing up for a sustained uptick in power requirements, driven by increasing demand for technologies like AI, which are straining power grids. As one of the leading data center markets globally, the US boasts the highest number of data center locations, with projected total revenue reaching US$99.16 billion […]
Operations at the UK-based veterinary services provider CVS Group are facing disruption due to an evolving cyber incident of undisclosed nature. This has led the organization to shut down key IT systems as a precautionary measure. CVS, listed on AIM (Alternative Investment Market), clarified that it is not affiliated with the American retail pharmacy chain […]
The transition to cloud storage has led to unforeseen expenses for a significant number of organizations, with a trend towards migrating more data than initially planned. This is especially true for businesses that embraced cloud storage solutions over the past two years, facing hidden costs related to the expansion of storage capacity, egress fees, and […]
Red Hat’s 2024 Global Tech Trends report, based on a survey of 706 IT leaders, reveals significant insights into the evolving landscape of cloud infrastructure utilization and IT management priorities. Organizations are increasingly finding equilibrium in balancing public and private cloud infrastructures, leading to a notable shift in IT management funding priorities compared to previous […]
Meta, the parent company of Facebook, WhatsApp, and Instagram, has reported a robust annual revenue of $134.90 billion, marking a 16% increase from 2023. The earnings for Q4 2023 and the full year underscore Meta’s dedication to enhancing its capabilities in artificial intelligence (AI) and expanding its datacenter infrastructure. The company anticipates a tenfold increase […]
In the ever-evolving world of data centers, the constant hum of servers and the whirring of cooling fans paint a familiar picture. But as technology advances and data demands soar, traditional air cooling methods are reaching their limits. This is where immersion cooling emerges as a revolutionary solution, promising to transform the way we cool […]
An increasing number of organizations are defaulting to the cloud and cloud storage for their new IT projects, adopting “cloud-first” or “cloud-preferred” strategies. This trend stems from the agility the cloud offers, particularly advantageous for startups and rapidly growing firms needing swift infrastructure development. Despite the widespread promotion of cloud benefits, it is not always […]
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