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The EU just launched a 1.2 billion cloud project to crack US dominance – ITPro
The EU has approved state aid of up to 1.2 billion for a cloud and edge computing project across Europe in a bid to compete more effectively with the US. The scheme, called IPCEI Next Generation Cloud Infrastructure and Services (IPCEI CIS), has been backed by France, Germany, Hungary, Italy, the Netherlands, Poland, and Spain, and is aimed at creating the first interoperable and openly accessible European data processing ecosystem. Nineteen companies, including several SMBs, will be involved, helping to develop data processing capabilities, along with software and data sharing tools to enable federated, energy-efficient and trustworthy cloud and edge distributed data processing technologies.
CoreWeave backed by Fidelity and Jane Street at $7 billion valuation as cloud provider bolsters status as one of AIs hottest startups – Fortune
CoreWeave, a cloud computing provider thats among the hottest startups in the artificial intelligence race, said it closed a minority stake sale to investors led by Fidelity Management & Research Co. Investment Management Corp.
Broadcom to divest VMware’s end-user computing and Carbon Black units – The Register
Updated Broadcom CEO Hock Tan has announced his intention to divest VMware's end-user computing and Carbon Black units, and signalled a rapid shift to subscription licenses of bigger software bundles. Speaking on Broadcom's Q4 2023 earnings call, Tan told investors "We are now refocusing VMware on its core business of creating private and hybrid cloud environments among large enterprises globally and divesting non-core assets." "Our strategy going forward is to enable global enterprises to run apps across datacenters and public clouds by consuming VMware's high value software stack," Tan explained, adding: "To attract and retain workloads we are investing in microservices tools." Tan named VMware's end-user computing portfolio which comprises desktop virtualization, application publishing, and mobile device management as one asset to be divested
Australia building ‘top secret’ cloud to catch up and link with US, UK intel orgs – The Register
Australia is building a top-secret cloud to host intelligence data and share it with the US and UK, which have their own clouds built for the same purpose. The three clouds were discussed on Monday by Andrew Shearer, Australia's director-general of national intelligence, at an event hosted by the Center for Strategic & International Studies in Washington, DC. "We are working very hard on a top-secret cloud initiative," Shearer told the event, adding that it will interoperate with similar infrastructure already operated by the US and UK, and mean sensitive data can be shared "near instantaneously." "What that will do is obviously transform how we do our work as agencies but also it'll open up a shared collaborative space that will really, I think, reinforce this sense of working together as a genuine community and bringing all those different capabilities to bear on problems.
CORRECTION-Nvidia in talks with Malaysia’s YTL on data center deal- sources – Yahoo Eurosport UK
(corrects city of Johor Bahru to state of Johor) Dec 8 - Nvidia is in advanced talks with Malaysian power-to-property conglomerate YTL on a data center deal, three sources familiar with the matter said. The potential tie-up would include collaborating on cloud infrastructure, and is likely to be anchored at YTL's data center complex in the southern Malaysian state of Johor, bordering Singapore, one of the people said. The partnership would target businesses in Southeast Asia to provide them access to Nvidia's AI chips via cloud computing, a second person briefed on the matter said.
NCS announces strategic partnership with Google Cloud to accelerate digital transformation in Asia Pacific, ETCIO SEA – ETCIO South East Asia
NCS and Google Cloud announced today their strategic partnership to accelerate AI-led transformation for public and private sector organisations across Singapore, Australia, and the wider Asia Pacific (APAC) region. NCS has also integrated its Google Cloud expertise across its service offerings and teams. This enables APAC clients to harness AI and cloud technologies to transform and innovate at greater speed and scale.
McDonald’s and Google Cloud Announce Strategic Partnership to Connect Latest Cloud Technology and Apply … – PR Newswire
CHICAGO and SUNNYVALE, Calif., Dec. 6, 2023 /PRNewswire/ -- McDonald's Corporation and Google today announced plans for a new multi-year, global partnership to connect Google Cloud technology across thousands of its restaurants worldwide.
Computing Power Market Revenue to Total USD 81.3 Billion by 2032 | Growing Investments In Data Centers – GlobeNewswire
New York, Dec. 07, 2023 (GLOBE NEWSWIRE) -- According to Market.us, The Global Computing Power Market is likely to secure a valuation of USD 48.4 Billion in 2024, with a CAGR of 6.8% during the forecast period. The global market is anticipated to capture a valuation of USD 81.3 Billion by 2032
Aqua Security on how to navigate the Cloud’s complexities – IT Brief Australia
Enterprises are building, deploying and managing modern applications in cloud computing environments. By adopting cloud technologies, they can build highly scalable, flexible and resilient applications that can be updated quickly. Cloud native technologies support fast and frequent changes to applications without impacting service delivery
NCS partners with Google Cloud in Australia and Singapore – Channel Asia Singapore
Howie Lau (NCS) IT services provider NCS has partnered with Google Cloud in Singapore, Australia, and the wider Asia Pacific (APAC) region for cloud and artificial intelligence. According to NCS, the partnership will focus on delivering AI-driven cloud to public and private organisations in APAC leveraging the providers 100-strong Google Cloud team across the region.