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

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

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

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

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

Google Cloud unveils AI-optimised infrastructure enhancements

Google Cloud has announced significant advancements in its AI-optimised infrastructure, including fifth-generation TPUs and A3 VMs based on NVIDIA H100 GPUs.

Traditional approaches to designing and constructing computing systems are proving inadequate for the surging demands of workloads like generative AI and large language models (LLMs). Over the last five years, the parameters in LLMs have surged tenfold annually, prompting the need for both cost-effective and scalable...

29 August 2023 | Digital Transformation