Category Archives: Cloud Servers
Hackers Steal Over $1.6 Million in Crypto from General Bytes Bitcoin … – The Hacker News
Mar 21, 2023Ravie LakshmananCryptocurrency / Hacking
Bitcoin ATM maker General Bytes disclosed that unidentified threat actors stole cryptocurrency from hot wallets by exploiting a zero-day security flaw in its software.
"The attacker was able to upload his own java application remotely via the master service interface used by terminals to upload videos and run it using 'batm' user privileges," the company said in an advisory published over the weekend.
"The attacker scanned the Digital Ocean cloud hosting IP address space and identified running CAS services on ports 7741, including the General Bytes Cloud service and other GB ATM operators running their servers on Digital Ocean," it further added.
The company said that the server to which the malicious Java application was uploaded was by default configured to start applications present in the deployment folder ("/batm/app/admin/standalone/deployments/").
In doing so, the attack allowed the threat actor to access the database; read and decrypt API keys used to access funds in hot wallets and exchanges; send funds from the wallets; download usernames, password hashes, and turn off two-factor authentication (2FA); and even access terminal event logs.
It also warned that its own cloud service as well as other operators' standalone servers were infiltrated as a result of the incident, prompting the company to shutter the service.
In addition to urging customers to keep their crypto application servers (CASs) behind a firewall and a VPN, it's also recommending to rotate all users' passwords and API keys to exchanges and hot wallets.
"The CAS security fix is provided in two server patch releases, 20221118.48 and 20230120.44," General Bytes said in the advisory.
The company further emphasized that it had conducted multiple security audits since 2021 and that none of them flagged this vulnerability. It appears to have been unpatched since version 20210401.
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General Bytes did not disclose the exact amount of funds stolen by the hackers, but an analysis of the cryptocurrency wallets used in the attack reveals the receipt of 56.283 BTC ($1.5 million), 21.823 ETH ($36,500), and 1,219.183 LTC ($96,500).
The ATM hack is the second breach targeting General Bytes in less than a year, with another zero-day flaw in its ATM servers exploited to steal crypto from its customers in August 2022.
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Hackers Steal Over $1.6 Million in Crypto from General Bytes Bitcoin ... - The Hacker News
NVIDIA Expands Isaac Software Access and Jetson Platform … – Nvidia
NVIDIA announced today at GTC that Omniverse Cloud will be hosted on Microsoft Azure, increasing access to Isaac Sim, the companys platform for developing and managing AI-based robots.
The company also said that a full lineup of Jetson Orin modules is now available, offering a performance leap for edge AI and robotics applications.
The worlds largest industries make physical things, but they want to build them digitally, said NVIDIA founder and CEO Jensen Huang during the GTC keynote. Omniverse is a platform for industrial digitalization that bridges digital and physical.
Building robots in the real world requires creating datasets from scratch, which is time consuming and expensive and slows deployments.
Thats why developers are turning to synthetic data generation (SDG), pretrained AI models, transfer learning and robotics simulation to drive down costs and accelerate deployment timelines.
The Omniverse Cloud platform-as-a-service, which runs on NVIDIA OVX servers, puts advanced capabilities into the hands of Azure developers everywhere. It enables enterprises to scale robotics simulation workloads, such as SDG, and provides continuous integration and continuous delivery for devops teams to work in a shared repository on code changes while working with Isaac Sim.
Isaac Sim is a robotics simulation application and SDG tool that drives photorealistic, physically accurate virtual environments. Isaac Sim, powered by the NVIDIA Omniverse platform, enables global teams to remotely collaborate to build, train, simulate, validate and deploy robots.
Making Isaac Sim accessible in the cloud allows teams to work together more effectively with access to the latest robotics tools and software development kits. Omniverse Cloud gives enterprises more options in the cloud with Azure, in addition to the existing cloud-based methods of using Isaac Sim for self-managed containers, or with using it on virtual workstations or fully managed services such as AWS RoboMaker.
And with access to Omniverse Replicator, an SDG engine in Isaac Sim, engineers can build production-quality synthetic datasets to train robust deep learning perception models.
Amazon uses Omniverse to automate, optimize and plan its autonomous warehouses with digital twin simulations before deployment into the real world. With Isaac Sim, Amazon Robotics is also improving the capabilities of Proteus, its latest autonomous mobile robot (AMR). This helps the online retail giant fulfill thousands of orders in a cost- and time-efficient manner.
Working with automation company idealworks, BMW Group uses Isaac Sim in Omniverse to generate synthetic data and run scenarios for testing and training AMRs and factory robots.
NVIDIA is developing across the AI tools spectrum from computing in the cloud with simulation like Isaac Sim to at the edge with the Jetson platform accelerating robotics adoption across industries.
NVIDIA Jetson Orin-based modules are now available in production to support a complete range of edge AI and robotics applications. This includes the Jetson Orin Nano which provides up to 40 trillion operations per second (TOPS) of AI performance in the smallest Jetson module up to the Jetson AGX Orin, delivering 275 TOPS for advanced autonomous machines.
The new Jetson Orin Nano Developer Kit delivers 80x the performance when compared with the previous-generation Jetson Nano, enabling developers to run advanced transformer and robotics models. And with 50x the performance per watt, developers getting started with the Jetson Orin Nano modules can build and deploy power-efficient, entry-level AI-powered robots, smart drones, intelligent vision systems and more.
Application-specific frameworks like NVIDIA Isaac ROS and DeepStream, which run on the Jetson platform, are closely integrated with cloud-based frameworks like Isaac Sim on Omniverse and NVIDIA Metropolis. And using the latest NVIDIA TAO Toolkit for fine-tuning pretrained AI models from the NVIDIA NGC catalog reduces time to deployment for developers.
More than 1 million developers and over 6,000 customers have chosen the NVIDIA Jetson platform, including Amazon Web Services, Canon, Cisco, Hyundai Robotics, JD.com, John Deere, Komatsu, Medtronic, Meituan, Microsoft Azure, Teradyne and TK Elevator.
Companies adopting the new Orin-based modules include Hyundai Doosan Infracore, Robotis, Seyeon Tech, Skydio, Trimble, Verdant and Zipline.
More than 70 Jetson ecosystem partners are offering Orin-based solutions, with a wide range of support from hardware, AI software and application design services to sensors, connectivity and developer tools.
The full lineup of Jetson Orin-based production modules is now available. The Jetson Orin Nano Developer Kit will start shipping in April.
CTA: Learn more about NVIDIA Isaac Sim, Jetson Orin, Omniverse Enterprise and Metropolis.
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France’s OVH expands into India amid growing cloud adoption – Reuters
March 20 (Reuters) - (This March 20 story has been refiled to correct the number of employees after company clarification in paragraph 6)
French software firm OVHcloud (OVH.PA) has launched its first data centre in India as it expands in the Asia-Pacific region aiming to capitalise on growing cloud adoption amid heightened concerns over data privacy, it said on Monday.
The new data centre in Mumbai will provide Indian businesses with local computer and storage infrastructure to meet changing data compliance needs as India digitalises and pushes for more data protection, OVH said.
International Data Corporation (IDC), a market intelligence firm focusing on the tech sector, in December projected the Indian market for public cloud services would reach $13.0 billion by 2026, with a compound-annual-growth rate of 23.1% between 2021-2026.
"The Indian market is a very...fast-growing market," CEO Michel Paulin told Reuters, adding OVH had already sold a few hundred servers.
OVH's strategy banks on opening 15 new sites around the world by 2024, also in Sydney and Singapore. Paulin said its high debt loans capacity credit and additional 200 million-euro funding from the European Investment Bank meant it could fund growth for the next four years.
The company already has over 30 data centres in the world and employs over 2,800 people.
"We will continue to recruit in India," Paulin said, adding OVH had created jobs last year in Mumbai to prepare the launch and implement the technical infrastructure.
Inflation and the impact of war in Ukraine have led many European companies into lay-offs or hiring freezes. But the need for digital and cloud solutions was still there, Paulin said.
"There is an understanding now by most of the public institutions that it's very important to...address these data sovereignty issues," Paulin said, adding OVH was in intense dialogue with the European Commission and France's government on these matters.
The U.K on Thursday announced plans to ban the use of Chinese-owned TikTok on government corporate devices, following similar announcements by the U.S and the European Union.
Reporting by Olivier Sorgho, editing by Ed Osmond
Our Standards: The Thomson Reuters Trust Principles.
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Cloud Management Platform Market To Hit USD 7.2 Billion by 2030, With a CAGR of 16.10% – Report by Market Research Future (MRFR) – Yahoo Finance
Market Research Future
Rising Adaptability of Cloud Computing Technology to Boost Cloud Management Platform Market Growth
New York, US, March 21, 2023 (GLOBE NEWSWIRE) -- Market Analysis
According to a comprehensive research report by Market Research Future (MRFR), Cloud Management Platform MarketAnalysis By Component, By Solution, By, By Deployment Mode, By Organization Size Region, Asia-Pacific, and the Rest of the World)Forecast till 2030, The global cloud management platform market will touch USD 7.2 billion at a 16.10% CAGR by 2030, as per the latest Market Research Future report.
Key Players
Eminent industry players profiled in the cloud management platform market report include:
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Cloud Management Platform Market Report Scope:
Report Metrics
Details
Cloud Management Platform Market Size by 2030
USD 7.2 Billion (2030)
Growthduring 2022-2030
16.10% CAGR
Base Year
2021
Forecast
2022-2030
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market Drivers
Integration of AI for IT operation (AlOps) with cloud management platform software
Drivers
Rising Adaptability of Cloud Computing Technology to Boost Market Growth
The expansion of cloud management platform is anticipated to be fueled by cloud computing technology's increasing versatility. Cloud computing promises to reduce costs and hazards and also enhance the capabilities and scalability of internet-based databases. To store, manage, and analyze crucial data, businesses use cloud computing/remote PCs hosted on the net. By distributing computing services including servers, software, networking, analytics, databases, storage, and intelligence across the Internet, these advancements and uses enable quicker innovation, more adaptable resource utilization, and cost savings.
Story continues
Opportunities
Growing BYOD Trend to offer Robust Opportunities
The use of cloud platforms has been fueled by the growing trend of "bring your own device" (BYOD) among businesses and IT firms. IT businesses can utilize cloud management platforms to give them access to and control over all of the organization's systems. The BYOD movement is also pushing businesses to use cloud-based platform services for managing mobile devices, especially small and medium-sized businesses that lack the resources to do so. In the era of BYOD, a cloud-based platform offers the most resource- and cost-efficient method for data security. Also, it enables IT professionals to work remotely, which is expected to boost need for cloud management platforms.
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Also, the expansion of multi-cloud management market is being influenced by the increased propensity of small and medium-sized businesses to embrace cloud management systems. To considerably lessen their reliance on a single element, small and medium-sized businesses are moving their applications to the cloud-based platforms. These activities are beneficial to the market's expansion.
Restraints and Challenges
Data Privacy Concerns to act as Market Restraint
Security and data privacy concerns associated with cloud solutions and insufficient technical expertise may act as market restraints over the forecast period.
Market Segmentation
The cloud management platform market is bifurcated based on component, solution, services, deployment, organization size, and vertical.
By component, solution will lead the market in the forecast period due to the growing requirement for hybrid & multi-cloud models that enable corporations to have centralized management over diverse cloud-based infrastructures, as well as the expanding demand for integrated toolsets by businesses across verticals.
By solution, security solution will dominate the market over the forecast period.
By services, managed services will spearhead the market over the forecast period. The increased difficulty in managing enormous volumes of datasets, which encourages businesses to outsource the services to third parties, is blamed for the growth of the managed services sector.
By deployment, public cloud will have the lions share in the market the forecast period for the increasing investments by organizations for accessing the data.
By organization size, large enterprise will head the market over the forecast period.
By vertical, BFSI will possess the largest share in the market over the forecast period. Highly regulated settings with cost and security standards to create agile, innovative multi-cloud platforms are blamed for the expansion of the BFSI business. A rise in mobile e-commerce apps that depend on uptime during peak hours, the necessity for complete inventory visibility and management, and security are other factors that are predicted to propel the market throughout the forecast period.
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COVID-19 Analysis
The integrated market has benefited from the COVID-19 epidemic. Businesses are rapidly implementing technology-assisted solutions that may be used remotely, guarantee hiring, and maintain operations despite setbacks. As a result, the demand for SaaS platform is always increasing. Leading companies are currently reporting extremely high subscriber numbers, including Microsoft. This is driving the expansion of integrated cloud management systems amid the current COVID-19 pandemic to cater to the increasing usage of multi-cloud & hybrid cloud models, and with the rising acceptance of remote working models.
Regional Analysis
North America to Head Cloud Management Platform Market
A highly competitive environment and early adoption of cutting-edge technology contributed to North America's dominance of the market share during 2021. Cloud management platform software has become widely used in the area thanks to major vendors as VMware, Inc., IBM Corporation, Microsoft Corporation, and BMC Software Inc. Key providers have been inspired to create and deploy advanced cloud services as a result of end consumers' level of readiness to adopt evolving technologies. Throughout the projection period, this region is anticipated to grow. The demand for advanced technology, machine learning, automation, and rising unified infrastructure has increased, which enhances corporate relationships and interactions.
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Europe to Have Favorable Growth in Cloud Management Platform Market
Due to expanding regulatory frameworks and digital government activities, Europe held the second-highest market share in 2021. The region's increased use of cloud-based technologies is also expected to fuel growth. Leaders in the industry are also concentrating on growing their businesses in the area.
APAC to Have Significant Growth in Cloud Management Platform Market
Throughout the anticipated period, the market in Asia-Pacific will grow at the fastest rate. The market expansion is due to significant expenditures made by regional vendors in developing nations like China and India as well as expanding government measures to support digital initiatives and the growth of the cloud infrastructure.
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Cloud Management Platform Market To Hit USD 7.2 Billion by 2030, With a CAGR of 16.10% - Report by Market Research Future (MRFR) - Yahoo Finance
Google Cloud Rewards and Invites Freename in Its Startups … – StreetInsider.com
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Zurich, Switzerland--(Newsfile Corp. - March 21, 2023) - Google Cloud scouts Freename and invites it into its startups program. The Swiss company, which now has more than 15,000 users and 20,000 registered domains, is officially part of the advanced Google Cloud Startups Program (Scale Tier). Starting this year, Freename has access to $100,000 to invest in Google Cloud technologies, training for the technical team, and dedicated business support. Added to these there is access to a Startup Success Manager, the global Google Cloud Startup Community, and the opportunity to do co-marketing campaigns with other selected startups.
Google Cloud Rewards and Invites Freename in Its Startups Program: Benefits, Training and Growth
For Freename this is a push to accelerate the development of the Web3 Domains and TLDs platform. Due to the increasingly high demand of users and the amount of new features to be released, Freename needs to scale up its servers: with Google Cloud and its Cloud Run, Freename can scale at best, improving the user experience for all its customers. Freename will also use the new Google Load Balancers to keep on distributing its service and infrastructure all over the world in the best possible way.
"This is a great opportunity for the next steps of Freename," announces Federico Costa, CTO of Freename.
The uses of Web3 domains and the interoperability of Freename. At the moment, there are already several uses of Freename Domains such as sending Web3 emails, resolving them on traditional websites, building and displaying decentralized websites, using them as addresses to send and receive cryptocurrency, and even participating in Web3 video conferences. In addition to making the Web3 domain as usable as possible by the mainstream user, Freename is working on creating an ecosystem in which Web3 domains from different registrars are interoperable with each other. Some important steps toward interoperability have already been taken, such as the development of the first Web3 WHOIS, which makes it possible to identify which Web3 domains are associated with a wallet address and vice versa. Currently the tool works with Freename, Unstoppable and ENS domains. In addition, Freename's SDKs are fully public to facilitate integrations at both Web2 and Web3 levels, and this is one reason why there have been so many integrations and partnerships from the company in the last quarter such as with Mailchain,Young Platform, Huddle, and Pazly.
Successful startups that participated in the Google Cloud Program. Google boasts that it has hosted and accelerated the development of several successful startups. More information can be found directly on Google's site dedicated to the Cloud program.
About Freename: Freename is the leading Web3 TLDs and Domains platform where users can register and mint their own Web3 TLDs and Domains. Everyone can also get Royalties and become a Registrar. Furthermore, on Freename, users can trademark their Web3 TLDs and Domains to protect their own Web3 Identity worldwide.
Zurich, SwitzerlandMattia Martone[emailprotected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159160
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Edge Computing Market Size, Growth, Trends, Drivers & Forecast 2023-2028 – Ucommune International (NASDAQ – Benzinga
According to IMARC Groups latest report, titled Edge Computing Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, the global edge computing market size reached US$ 11.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.4 Billion by 2028, exhibiting a growth rate (CAGR) of 25.4% during 2023-2028.
Edge computing refers to distributed computing paradigm that helps reduce the workload on the cloud by storing crucial data nearer to its source or destination to improve the response time. It improves the efficiency of cloud computing systems by decreasing network traffic and communication bandwidth between cloud servers and user devices. It also facilitates data acquisition, mobile signature analysis, and data caching while minimizing latency and enhancing overall process efficiency. It combines networking architecture, software, and hardware solutions to cover use cases in various organizations. As a result, edge computing is widely adopted in several organizations to boost productivity, performance, and profitability across the globe.
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Market Trends
The market is primarily driven by the rapid growth of the internet of things (IoT), the rising demand for connected devices, and increasing applications of real-time computing. In addition, the widespread integration of edge computing solutions with IoT-enabled devices is contributing to market growth. These solutions allow efficient processing, handling, and management of large volumes of data and improve internet connectivity for data transmission through the cloud. Moreover, the emergence of 4G and 5G connections, support for real-time applications, and integration of industry 4.0 to promote operational agility by using technologies bringing uniformity to the cyber and physical systems represent other major growth-inducing factors. Besides this, the expanding telecom industry and the growing implementation of multi-access edge computing (MEC) for improving application performance and mitigating network congestion are creating a favorable market outlook.
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Are computer outages killing your reputation? – Troy Media
Reading Time: 4 minutes
The best practice is to plan for as many failure scenarios as conceivable
Computing infrastructure outages occur for many reasons, including:
At the recent Collision from Home virtual conference, Sebastien Stormacq, Principal Developer Advocate at Amazon Web Services (AWS), explored design patterns to achieve high availability. AWS is a well-known supplier of cloud computing infrastructure. He said, Modern computing infrastructures embrace failure rather than trying to avoid it. Best practices systems are designed to handle and recover from unexpected conditions.
The best practices for minimizing outages and achieving high availability of applications focus on consciously planning for as many failure scenarios as conceivable. Below are practical measures that CIOs can implement to:
Migrate applications to the cloud
Most organizations struggle to achieve continuous high availability for their on-premise computing infrastructure. Its expensive to buy the components and then implement them. Its difficult to justify the wide range of technical specialists required to operate with high availability because most specialists are not needed full-time.
A better approach is to contract with the suppliers of cloud computing infrastructure. They have accumulated experience and work hard with capable technical teams to achieve often elusive high availability. Because these suppliers operate at a larger scale where the cost of technical specialists is amortized over many customers, the cost per customer and the results are attractive.
Buy failover services
Organizations can implement a failover environment for their on-premise computing infrastructure. However, implementing changes to applications and operating procedures to switch to the failover environment during an outage seamlessly can be challenging. Unfortunately, some organizations discover the gap in their configuration during the first outage with significant negative consequences.
A better approach is to buy one of the levels of failover service that suppliers of cloud computing infrastructure all offer. These automatic failover services often eliminate or at least minimize the impact of the following:
Architect applications for high availability
The post-incident review of computing infrastructure outages most often discovers:
Architecting applications for high availability typically includes the following features:
Upgrade your on-premise network
At many organizations, the on-premise network usually works reasonably well. However, it is at risk of outages due to the following:
Upgrade your on-premise network to achieve high availability even when you have migrated most of your applications to the cloud. Network upgrades to consider include:
Addressing the shortcomings in your computing infrastructure will keep your customer happy and preserve your reputation in our 24/7/365 world.
Yogi Schulz has over 40 years of information technology experience in various industries. Yogi works extensively in the petroleum industry. He manages projects that arise from changes in business requirements, the need to leverage technology opportunities, and mergers. His specialties include IT strategy, web strategy and project management.
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The opinions expressed by our columnists and contributors are theirs alone and do not inherently or expressly reflect the views of our publication.
Troy MediaTroy Media is an editorial content provider to media outlets and its own hosted community news outlets across Canada.
Business management, Business Productivity
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Lenovo Storage Innovation and Channel-Centric Strategy Drives … – Lenovo StoryHub
March 15, 2023 RESEARCH TRIANGLE PARK, N.C. Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced new solutions to enable customers to better solve for rapidly growing data management needs, coupled with new milestones in its enterprise storage momentum. For the first time, Lenovo is ranked as the #1 storage provider in the Price Bands 1-4 (storage <$25K) external storage category, which represents 61% of the total market for storage device units sold globally1. Lenovo also grew to the #5 storage provider globally in all segments, according to IDC Worldwide Quarterly Enterprise Storage Systems Tracker, 4Q22. Additionally, its new enterprise-class storage solutions deliver significant power efficiency increases and datacenter space savings to help support sustainability goals while new ThinkSystem storage systems help safeguard critical data with advanced ransomware protection. Lenovos storage portfolio has experienced significant growth in the last year with an all-time record 138% YTY revenue increase.
Fueled by strong market momentum in edge-to-cloud servers, storage, and software, Lenovo is further transforming into a full-service solutions provider with continued expansion and leadership across a comprehensive infrastructure solutions portfolio. Building on its global leadership among the top three server companies in the world, Lenovo has also seen >100% year-over-year growth in the All-Flash Array (AFA) category and 22%2growth in midrange storage, further demonstrating Lenovos comprehensive data management and storage portfolio is gaining broad market momentum. As part of the companys overall achievement, Lenovo TruScale Infrastructure as-a-Service also grew more than 600% YOY Year-to-Date.
Lenovo is committed to being the industrys most trusted partner and empowering our customers intelligent transformation, said Kirk Skaugen, President of Lenovo Infrastructure Solutions Group. Our tremendous growth in the market, now becoming the #1 storage provider in price bands <$25K, underscores the trust customers and partners have placed in Lenovo through our channel-centric strategy. The breadth of our data management portfolio is continuing to expand with our recently announced WEKA solutions, custom cloud storage solutions, and an ever-increasing software defined portfolio.
New Storage Innovation
Lenovo offers a comprehensive portfolio of enterprise-class data management solutions from entry to high end, including enterprise storage arrays and infrastructure, Hyperconverged Infrastructure (HCI), Software Defined Storage (SDS), TruScale Infinite Storage as-a-service, and vertically focused workload solutions working with ISV application software partners. Leveraging in-house design and manufacturing capabilities to drive innovation, Lenovo is releasing new storage solutions to protect against threats to customers critical data and help support sustainability goals by more effectively powering todays demanding data management and analytics needs. The new solutions include:
Solving Data Management Needs for Customers
Lenovos breadth of data management solutions meet the complex needs of customers across a full breadth of high-growth industries. The ability to protect, analyze, and manage data is vital to an organizations business. Petco, which operates more than 1,500 pet care centers across the U.S., Mexico, and Puerto Rico, is modernizing its IT infrastructure to support its customer success strategy. The company is deploying a network of Lenovo ThinkSystem DE4000 storage systems and SR650 V2 servers to gain better data insights and scalability through a flexible consumption and deployment model.
Petco is focused on setting new standards in pet care with seamless, one-stop shopping and more personalized support for pet parents, and our data management infrastructure is critical to delivering this experience for customers, said Guillermo Corts Prieto, Director of Technological Innovation and Systems at Petco Mexico. Petco is leveraging industry-leading Lenovo ThinkSystem storage and servers with the Lenovo TruScale as-a-Service model to unlock faster insights to help us deliver new and differentiated offerings to the market.
Enabling the Channel Through Channel-Centric Strategy
Lenovo delivers value for channel partners when it comes to data management and storage solutions through the Lenovo 360 global channel framework for partners and a channel-centric commitment. Partners can easily access the full breadth and depth of the Lenovo portfolio across services and solutions, infrastructure, and intelligent devices. The framework helps partners to strengthen their position in the market and better respond to customer needs.
Lenovo is one of the best technology partners in the industry to help us address the robust media storage solution requirements of our customers in the Media and Entertainment industry, said Dave Van Hoy, President at Advanced Systems Group, LLC. Lenovos storage portfolio delivers the ideal benefits for our customers, and we can count on their continued partnership to deliver enablement and support to meet our business needs.
With a channel first mindset and broadened focus on entry storage lines, Lenovo ISG continues to grow its channel success with Ingram Microenabling more and more partners to solve for the storage needs of their customers, says Cheryl Rang, Executive Director, Advanced Solutions, Ingram Micro. By tapping into our Advanced Solutions team and Lenovos 360 partner framework, channel partners gain valuable resources and are better equipped to deliver and manage secure, end-to-end storage solutions to businesses of all sizes.
Providing greater efficiency and control over product development, innovation and supply chain operations, Lenovo has expanded its global reach, servicing over 180 markets with 35+ manufacturing facilities, including its first European in-house manufacturing facility recently opened in Hungary. Ranked ninth in the world of all global companies by Gartner in supply chain capability, Lenovos globally engineered supply chain highlights Lenovos leadership as a purpose-driven organization and operational center of excellence in the global supply chain community.
Visit Lenovo.com/storage to learn more about Lenovos leading storage solutions and customer stories.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 82,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the worlds largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovos world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visithttps://www.lenovo.com,and read about the latest news via ourStoryHub.
LENOVO, THINKSYSTEM, THINKEDGE, THINKSHIELD, THINKPAD, THINKCENTRE, IDEAPAD and TRUSCALE are trademarks of Lenovo. All other trademarks are the property of their respective owners. 2023 Lenovo
1Representative of the percentage of entry system units shipped vs total storage units shipped as measured in IDC Worldwide Quarterly Enterprise Storage Systems Tracker, 4Q222Due to the existing JV in PRC the share represents the combined Lenovo and Lenovo NetApp Technology total3Comparison representative of replacing the predecessor model, the Lenovo D3284, with a Lenovo ThinkSystem D4390. Actual savings will depend on customer environment and usage patterns.
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Carbon capture and storage is critical to tackling climate change … – iTWire
The United Nations leading body on climate change has issued its final IPCC Climate Change Synthesis Report reaffirming that low emission technologies are a feasible and effective option for reducing greenhouse gas emissions and addressing climate change.
The Intergovernmental Panel on Climate Change report, which is authored by 300 scientists across 67 countries clearly highlights both the necessity of technologies like carbon capture and storge as well as the scale of the action required to limit global warming.
In reference to carbon capture and storage (CCS) the reports Summary for Policy Makers notes, CCS is an option to reduce emissions from large-scale fossil-based energy and industry sources provided geological storage is available. The technical geological storage capacity is estimated to be on the order of 1000 GtCO2, which is more than the CO2 storage requirements through 2100 to limit global warming to 1.5C.
Alongside CCS, the report also highlights an important role for other carbon dioxide removal (CDR) technologies including direct air capture and bioenergy with CCS in delivering net-zero and net-negative emissions on the path to 2050.
Low Emissions Technology Australia (LETA) CEO Mark McCallum, said the recognition of CCS as a critical technology was welcome but that there is more that needs to be done.
Once again we are seeing internationally recognised evidence by specialist climate change bodies like the IPCC concur that international climate change targets cannot be achieved without CCS.
CCS is not only applicable to the energy sector the technology and carbon storage mean it is one of the few technologies able to decarbonise other hard-to-abate industries.
As the IPCC report finds, while CCS is less mature in cement and chemicals production, it is a critical mitigation option.
CCS can be used to remove emissions from steel, cement and fertiliser and other products we use and rely on every day, and it can also be used to produce clean hydrogen a zero-emission transport fuel that can also help power industry.
LETAs investments, while locally driven, involve technologies from around the world that can be further developed and deployed in multiple industries both here in Australia and internationally, thereby contributing to global efforts to reduce emissions.
Government support for CCS and other low emission technologies is crucial for our collective efforts to reduce carbon emissions and will give industry confidence to accelerate their investment in and adoption of them.
The report recognizes barriers remain to CCS deployment but suggests enabling conditions such as policy instruments, greater public support and technological innovation could reduce these barriers.
Reducing WAN latency is one of the biggest issues with hybrid cloud performance. Taking advantage of compression and data deduplication can reduce your network latency.
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Colocation facilities provide many of the benefits of having your servers in the cloud while still maintaining physical control of your systems.
Cloud adjacency provided by colocation facilities can enable you to leverage their low latency high bandwidth connections to the cloud as well as providing a solid connection back to your on-premises corporate network.
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Carbon capture and storage is critical to tackling climate change ... - iTWire
Google’s Price Increase Won’t Save fuboTV (NYSE:FUBO) – Seeking Alpha
Rainer Puster
For the first time in 3 years, YouTube TV (GOOG) (GOOGL) raised its monthly service charge from $64.99 to $72.99. This is good news for fuboTV (NYSE:FUBO) as it will bring Google's offering closer to fubo's pricing.
fuboTV
The bad news is the economics of fubo's business and streaming in general are still really bad.
Take for example the Q4 for fuboTV. During the quarter you had the World Cup, the stretch run of the NFL season and fuboTV was able to deliver 39% Y/Y growth on the revenue side.
fuboTV Q4 Investor Presentation
The problem is subscriber related expenses - or content costs - rose in near lock-step up 37% Y/Y.
To fuboTV's credit, other expenses normalized a bit, including a welcomed 36% decline in general and administrative costs.
Overall, the company had an operating loss that essentially equaled the prior period at $93M despite the strong revenue growth.
Obviously the bull case for fuboTV is the company will scale up the subscriber numbers over time where the company could potentially leverage that in negotiations on the content side. However, given the fact the company had to drop local CBS affiliates from most markets might indicate the company doesn't have the scale to get networks to budge off a price.
That being said, management indicated on the company's Q4 conference call that fuboTV hadn't seen much impact from the move that simply cuts off local CBS news, not the national feed.
TV carrier and broadcast network price disagreements are as old as time. The more recent phenomenon is the fact most broadcast networks have a direct-to-consumer offering, which will make networks likely less worried about distribution.
As it relates to fuboTV, the company is going to be locked in a low-margin business and the only real way to close the gap is through advertising. Over the past year advertising revenue grew 37% from $73.7M to $101.7M.
Certainly nice growth on the advertising revenue side, but fuboTV doesn't exactly have the financial runway to steadily grow the advertising business. The company burns through cash given the weak operating leverage on the content side.
Over the past year the company burned through nearly $290M on the operating side, and that strips out about $27M from some discontinued operations ... so the grand total is actually higher.
The company is financing the loses via an at-the-market stock offering, which came in at $292M. The obvious problem is that's incredibly dilutive to shareholders - especially when the shares trade at such a low level like fuboTV's do.
fuboTV Q4 Investor Presentation
The good news is fuboTV likely has enough on the balance sheet to finance the next year, but obviously once the company gets into Q3/Q4 the next round of financing would likely need to come in.
fuboTV has already telegraphed 2023 revenues coming in $1.22B-$1.25B or roughly 22-25% higher than 2022. It seems unlikely that fuboTV will gain any significant competitive advantage against YouTube TV, Hulu, or traditional cable providers to become the go-to streaming service.
The last time I examined fuboTV the valuation was closer to $1B, since then the stock has declined 79% to reach today's valuation closer to $275M.
A buyout is always an option, but likely not from a traditional media network. CBS (PARA), Disney (DIS), etc already have streaming technology and use fuboTV as a revenue source. It's possible with fubo's sports focused content the company could be a target of a gambling or gaming company with eyes on sports betting tie-in. However, given the fact fuboTV scrapped plans for an integrated sports book, that seems like a farfetched plan as well.
Barring some kind of miracle acceleration in user growth, I believe there's simply no operating leverage with this business model. fuboTV is pinned to a pricing plan that stays in-line with competition and content costs will likely remain elevated, especially on the live sports side.
Google can afford to have YouTube TV scale up over time. The company also is dominant in advertising, owns one of the world's largest networks of cloud servers and has access to a large user base. Financially fuboTV doesn't have the runway to compete long-term and I expect it will be forced to dilute shareholders or hope a buyout materializes. Even at the depressed valuation, it doesn't make fuboTV an attractive investment.
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Google's Price Increase Won't Save fuboTV (NYSE:FUBO) - Seeking Alpha