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

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

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

Kyndryl signs agreement with HMRC to modernise critical tax infrastructure for UK citizens

Kyndryl, an IT infrastructure services provider, has partnered with HMRC through to end of September 2024.

Drawing on Kyndryl’s position in managed services, the deal will see Kyndryl continue to manage a proportion of HMRC’s (His Majesty’s Revenue and Customs) mainframe services while Kyndryl Consult will undertake discovery work to prepare for cloud migration and modernisation. Building on an existing relationship, Kyndryl will now continue to accelerate the...

11 September 2023 | Banking & Finance

Why Lenovo’s XaaS play is gaining strength: Keys for digital transformation success

Lenovo is betting on ‘everything-as-a-service’ (XaaS) to help organisations navigate their digital transformation journeys – and the stars now appear to be aligning to an end-to-end landscape. 

The value proposition is straightforward: one provider to plan, procure and manage a customer’s IT environment from a single source, offering full maintenance, support and management, real-time insights, and constant ROI through a cloud-like consumption model. Under the...

7 September 2023 | Digital Transformation

Full ‘stream’ ahead for Scottish Water smart monitoring roll-out

An intelligent monitoring system has been successfully introduced by Scottish Water across rural locations in the Highlands and Islands, using Internet of Things (IoT) technology to gather essential data that helps keep the water network in Scotland safe.

Using a device developed by CENSIS for M2M Cloud – Scotland’s innovation centre for sensing, imaging, and IoT technologies – Scottish Water can now automatically collect information on the temperature and flow of water in...

31 July 2023 | Data & Analytics

Google Cloud launches AI-powered anti-money laundering product

Google Cloud has unveiled its Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. 

Money laundering is a complex problem with a growing global impact. The amount of money laundered each year is estimated to be 2-5% of global GDP, or up to $2 trillion annually. Money laundering proceeds are connected to illegal activities, ranging from drug and...

26 June 2023 | Banking & Finance

Virgin Media and Amdocs’ Vubiquity expand collaboration in UK

Amdocs, a provider of software and services to communications and media companies, has revealed that its Vubiquity platform has been selected to continue to provide Virgin Media’s customers with Electronic Sell Through (EST) and Transactional Video on Demand (TVOD) content across different devices.

The deal represents an expansion of the decade-long relationship between Amdocs’ Vubiquity and Virgin Media UK.

Vubiquity, a technology-led media services provider, holds...

11 May 2023 | Cloud Computing