Taiwanese Server Industry Expected to See Growth in 2024
The Taiwanese server industry saw a decline in revenues and shipments in 2023 but is expected to rebound in 2024, driven by the surge in demand for high-end AI servers. The report provides insights into the trends and forecasts for Taiwan server-related revenues, including detailed breakdowns of shipments and revenue share by maker. Overall, the report offers valuable insights into the Taiwanese server industry, providing a comprehensive analysis of market trends and forecasts for 2024.
Cybersecurity Tech Company Rubrik Plans IPO After Microsoft Support
Rubrik, a cybersecurity tech company supported by Microsoft (NASDAQ:MSFT), is planning to initiate an initial public offering (IPO) as early as next week. Founded in 2014, Rubrik provides innovative cybersecurity solutions such as cloud-based ransomware protection. Some of its major customers include NVIDIA (NASDAQ:NVDA) and Home Depot (NYSE:HD). Microsoft invested in Rubrik in 2021, with the company’s valuation estimated at around $4 billion. According to Bloomberg, Rubrik could aim to raise between $500 million and $700 million from its IPO. Other top IPO contenders such as Stripe and Databricks could possibly wait for another year before stepping into public markets.
New Relic Announces Native Support for OpenTelemetry and Prometheus at KubeCon + CloudNativeCon Europe 2024
New Relic announces native support for OpenTelemetry and Prometheus-instrumented hosts and Kubernetes clusters at KubeCon + CloudNativeCon Europe 2024, deepening their commitment to open source and simplifying observability for engineers. This support allows organizations to instrument Kubernetes clusters and hosts using OpenTelemetry collector and Prometheus Node Exporter in a single step, providing instant access to curated UIs that correlate performance across applications and infrastructure. The solution aims to simplify the process of instrumenting and gaining visibility into applications and infrastructure telemetry data, lower incident response times, and allow engineers to focus on shipping code and driving innovation.
Internxt Cloud Storage Offers Lifetime Subscription to 2TB of Space for $149.97
Get a lifetime subscription to 2TB of space with Internxt Cloud Storage for just $149.97, down from the regular price of $599. This deal offers a reliable and affordable alternative to Dropbox, with end-to-end encryption, zero-knowledge file storage policy, and GDPR compliance. Don’t miss out on this exclusive offer for secure and accessible cloud storage for your business operations.
Siemens and NVIDIA Collaborate on Generative AI for Immersive Real-Time Visualization
Siemens AG and NVIDIA are expanding their collaboration to incorporate generative AI for immersive real-time visualization, aiming to revolutionize how products and experiences are designed, manufactured, and serviced. This collaboration will bring immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology. The integration of NVIDIA platforms aims to open new opportunities for industry leaders to build the next wave of AI-enabled digital twins at every scale, with the potential to transform the industrial landscape.
Oracle Corp. Exceeds Wall Street Expectations with Quarterly Earnings
Oracle Corp. reported quarterly earnings that exceeded Wall Street’s expectations, leading to a 13% surge in its shares during extended trading. The fiscal third quarter ending Feb. 29 saw the company’s earnings per share at $1.41, higher than the expected $1.38, while its revenue of $13.28 billion fell slightly short of the $13.3 billion anticipated. Looking ahead, Oracle projected earnings of $1.62 to $1.66 per share for the fiscal fourth quarter, with revenue growth expected to be between 4% and 6% over sales of $13.8 billion a year ago. Oracle CEO Safra Catz expressed the company’s commitment to reaching its previously stated sales goal of $65 billion by fiscal 2026, suggesting that these targets might be too conservative given the company’s momentum. The quarter saw a 7% increase in revenue from a year earlier, with net income climbing 27% to $2.4 billion. The company’s cloud services and license support segment, its largest business, experienced a 12% sales increase to $9.96 billion, attributed to strong demand for its artificial intelligence servers. Additionally, the company’s cloud revenue rose 25% year over year to $5.1 billion. During the earnings call, Oracle Chairman Larry Ellison mentioned increased business from Microsoft, revealing that Oracle is building 20 data centers for Microsoft and Azure, with three more ordered in the recent week. However, the company’s cloud license and on-premise sales declined 3% to $1.26 billion, slightly beating forecasts.
IaaS Market Set for Remarkable Growth, Especially in BFSI Sector
The Infrastructure-as-a-Service (IaaS) market is projected to reach a valuation of $411.9 billion by 2030, with a robust compounded annual growth rate of 22.6% during the years spanning 2023 to 2030. The report highlights the surge in IaaS adoption across varied sectors, with an emphasis on innovation and security. The compute and storage segments are at the forefront of market expansion, with the latter expected to witness the highest growth rate across the forecast horizon. Enterprises, particularly small and medium-sized businesses, are showing marked interest in IaaS, leveraging benefits such as cost efficiency, fortified security measures, and efficient computing processes to reinvent their operational architectures.
Huawei’s Top 10 Trends of Data Centre Facility for 2024
Huawei Releases Top 10 Trends of Data Centre Facility for 2024 Today, Huawei held a conference on the Top 10 Trends of Data Center Facility in 2024 and released the corresponding White Paper. At the conference, Yao Quan, President of…
Cloud Gaming Revolutionizing the Gaming Industry in 2023
Cloud gaming is set to revolutionize the gaming industry in 2023, offering a new way for gamers to access and play their favorite titles. With the emergence of cloud gaming platforms, players will no longer be limited by the need…