Oracle expects its cloud infrastructure business to create $166 billion in revenue by fiscal year 2030, accounting for nearly three-quarters of its total sales, the company says. Reuters reported that the forecast was shared by Chief Executive Officer Clay Magouyrk during a meeting with analysts on Thursday, when he said new cloud bookings are coming […]
The post Oracle bets big on cloud as it targets $225b in sales by 2030 appeared first on Cloud Computing News.
Boosting AI efficiency: FS rolls out advanced 200G networking switch The solutions provider FS has launched the N8550-24CD8D, a next-generation 200G switch for use in AI-focused storage systems and data centres. The high performance switch has been designed to support growing AI workloads and the complex demands of hybrid infrastructure upgrades. It provides fast data […]
The post FS rolls out advanced 200G networking switch appeared first on Cloud Computing News.
Reuters is one of the many news outlets reporting on Amazon’s announcements it’s cutting hundreds of jobs, specifically in its Amazon Web Services (AWS) cloud computing unit. The layoffs come following CEO Andy Jassy’s recent warning that the adoption of generative AI tools would result in job losses. It’s well known that AI adoption in […]
The post Cloud jobs cut as AI bites appeared first on Cloud Computing News.
After months of governance scandals that saw its auditor resign and major clients flee to competitors, Supermicro is betting everything on a redemption play centred around new leadership appointments and cutting-edge technology. The AI server specialist has installed a new CFO, Chief Compliance Officer, and Chief Accounting Officer and launched an ambitious product line – […]
The post Supermicro’s redemption play: Can new leadership save the AI server specialist? appeared first on Cloud Computing News.