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Craig Wright Drops Norwegian Defamation Appeal Over Satoshi Nakamoto Claims – Cryptonews

Last updated: April 12, 2024 16:15 EDT | 2 min read

Craig Wright, the Australian computer scientist claiming to be Bitcoins creator Satoshi Nakamoto, has dropped his appeal in a Norwegian defamation case against the well-known Bitcoiner Hodlonaut (a.k.a. Marcus Granath), according to a statement released on X Thursday.

Granath first found himself in legal hot water with Wright when he took issue with a series of now-deleted March 2019 X posts referring to the so-called Bitcoin inventor as a fraud, mentally ill, and a pathetic scammer.

By that summer, the London-based Wright had filed a defamation lawsuit against Granath in the U.K.Around the same time, Granath filed a lawsuit in his native Norway alleging that his judgements against Wright were fully compatible with the law.

In October 2022, a Norwegian court ruled in Granaths favor, in part claiming that Wright had insufficient evidence to verifiably prove he was Satoshi Nakamoto.

Just got off the phone with my Norwegian lawyer, Granath posted to his X account. CRAIG WRIGHT DROPPED THE APPEAL IN NORWAY! My win from 2022 is now final and enforceable. This case started May 19th, 2019 and lasted until today. Im very happy!

News of Wrights failed Norwegian appeal comes just two months after Londons High Court found the alleged Australian fraudster to have lied about being the inventor of Bitcoin in a case filed by the Crypto Open Patent Alliance (COPA) challenging his claims.

For over eight years, Dr. Wright and his financial backers have lied about his identity as Satoshi Nakamoto and used that lie to bully and intimidate developers in the bitcoin community, COPA posted to their X account shortly after the ruling. That ends today with the courts ruling that Craig Wright is not Satoshi Nakamoto.

In fact, a recent linguistic analysis of Satoshi Nakamotos writing shows that the enigmatic founding father of crypto may be a collective group, not just one individual.

Shortly after the ruling, UK Judge James Mellor froze the entirety of Wrights assets after he attempted to transfer several of his London firms shares to a Singapore-based entity, potentially in a bid to evade financial penalties related to the case.

Despite Granaths latest victory, Wrights original libel lawsuit against him remains open in the UK. Its unclear when or if they will return to court for this case.

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Influential People in BTC and What They Think About Its Future – Eye On Annapolis

Bitcoin (BTC) has revolutionized the financial landscape, with influential figures shaping its future. From the mysterious Satoshi Nakamoto to visionary Elon Musk, their perspectives drive BTCs trajectory. Understanding these key figures is crucial to grasp BTCs evolution and potential. In addition, if you are looking for a free and easy-to-use website that helps people find an education company to start learning about investments, you may visithttps://immediate-enigma.nl/.

Satoshi Nakamoto is the pseudonymous person or group behind the creation of Bitcoin, the first decentralized cryptocurrency. Despite the significant impact of Bitcoin on the financial world, the true identity of Satoshi Nakamoto remains unknown. Satoshis white paper, published in 2008, outlined the key concepts of Bitcoin and its underlying technology, blockchain. The vision presented in the white paper laid the foundation for the development of Bitcoin and inspired the creation of numerous other cryptocurrencies.

Satoshi Nakamotos decision to remain anonymous has led to various theories about their identity. Some believe Satoshi is a single individual, while others speculate that it could be a group of people. Regardless of their identity, Satoshis influence on the cryptocurrency space is undeniable. The decision to create a decentralized digital currency has challenged the traditional financial system and sparked a global discussion about the future of money.

Vitalik Buterin is a Russian-Canadian programmer and writer primarily known as the co-founder of Ethereum, a decentralized cryptocurrency platform. Buterin first proposed Ethereum in late 2013 and development began in early 2014, with the network going live on July 30, 2015. Ethereums blockchain is designed to host smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.

Buterins vision for Ethereum extends beyond just a cryptocurrency. He envisions a platform that enables developers to build decentralized applications (dApps) on top of its blockchain. This flexibility has led to Ethereum becoming the foundation for a wide range of projects, including decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and more.

Elon Musk, the CEO of Tesla and SpaceX, is known for his influential presence on social media and his impact on the cryptocurrency market. Musks tweets have been known to cause significant fluctuations in the prices of cryptocurrencies, particularly Bitcoin. His tweets often express support or criticism for various cryptocurrencies, leading to a phenomenon known as the Musk Effect.

Despite his influence, Musks relationship with the cryptocurrency community has been turbulent. He has been criticized for his flip-flopping stance on Bitcoin, initially embracing it as a payment method for Tesla, then later suspending Teslas acceptance of Bitcoin due to environmental concerns. Despite this, Musk remains a prominent figure in the cryptocurrency space, with his actions and statements continuing to shape public opinion and influence the direction of the market.

Jack Dorsey, the co-founder and CEO of Twitter, is a vocal advocate for Bitcoin and sees it as a tool for financial empowerment and freedom. Dorseys interest in Bitcoin stems from his belief in its potential to disrupt traditional financial systems and empower individuals. He has been a strong proponent of Bitcoin, stating that he believes it will eventually become the worlds single currency.

Through his company Square, Dorsey has taken steps to integrate Bitcoin into everyday financial transactions. Square allows users to buy, sell, and hold Bitcoin through its Cash App, making it easier for people to access the cryptocurrency. Dorsey has also supported Bitcoin development through Square Crypto, a team dedicated to improving the Bitcoin ecosystem.

Dorseys vision for Bitcoin goes beyond just financial transactions. He sees Bitcoin as a means of promoting financial inclusivity and giving people more control over their money. Dorseys advocacy for Bitcoin as a tool for financial freedom has helped raise awareness about the potential benefits of cryptocurrencies and has contributed to the growing acceptance of Bitcoin in mainstream finance.

The insights of Satoshi Nakamoto, Vitalik Buterin, Elon Musk, and Jack Dorsey illuminate BTCs future as a transformative force in finance. Their contributions have propelled Bitcoin into the mainstream, highlighting its potential to redefine financial freedom and inclusivity globally.

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If you still think bitcoin is scarce, you’re suffering from fiat brain – Blockworks

Bitcoin is not scarce and its not going to become so after the halving next week.

Dont let anyone tell you otherwise.

Yes, Satoshi Nakamoto coded Bitcoin with a supply limit of 21 million BTC. Bitcoin supply is finite. But that doesnt make BTC, the currency, at all rare.

Were largely accustomed to this by now, but one of bitcoins most appealing features is that each coin is extremely divisible, up to eight decimal places, making 100 million satoshis (sats) per bitcoin.

Dollars meanwhile only divide out to 100 physical cents, two decimal places, or at most, 1,000 mills to three decimal places.

Read more: Why is 2140 the end of bitcoin inflation?

Now extrapolate all those sats to the current circulating supply of bitcoin. 100 million sats in 19.68 million bitcoin makes 1.968 quadrillion sats. And sometime in 2140, when you and everyone you know will be floating about the great Bitcoin citadel in the sky, there will be 2.1 quadrillion sats.

The base money supply of the US dollar is currently less than $5.9 trillion and the much broader M3 is under $20.8 trillion. A quadrillion has 15 zeros, a trillion has 12.

If bitcoin is scarce, then so is the US dollar.

For what its worth, Gizmodo tried to grasp just how large a quadrillion really is with a Sour Patch Kids thought experiment in 2013. It scaled 100 candies laid out in real life to a quadrillion virtual ones across New York City, and found a jelly cube of that size covered most of Downtown Manhattan.

Its true that only 21 million people can ever own one bitcoin each. Around 1 million addresses have at least 1 BTC right now, and that number is slowly growing, although its not knowable how many of those are owned by the same person, nor how many exchange accounts have million-dollar bitcoin balances.

Read more: Heres what the current state of Bitcoin development looks like ahead of the halving

There are also 53 million Bitcoin addresses that have one satoshi or more. If the current supply were suddenly sent to those addresses, each would net more than 37 million sats ($25,500).

With this in mind, bitcoin is not scarce. Thats the fiat brain talking it automatically goes to the largest unit when considering bitcoin as a currency. Your fiat brain does the same with dollars, euros, leprechaun gold and tacos.

The reality is that sats are just incredibly cheap right now, $0.00069 each, so few consider them.

If every sat were worth the current price of a whole BTC, then an even distribution would give every human alive $16.7 billion BTC. Do the same with all addresses containing at least one sat and each would net $2.5 trillion.

A few years back, there was a push to find a symbol to represent the satoshi but nobody could really agree.

With scarcity on the fiat brains of everyone watching the Bitcoin halving next week cryptos own solar eclipse what better time to revisit the idea of pricing BTC in sats, rather than whole coins. Plenty of those go around.

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Here’s how iCloud’s free storage and upgrades compare to the competition – 9to5Mac

Apple first introduced iCloud at WWDC 2011, with Steve Jobs touting it as the best way to store documents, mail, backups, and more in the cloud. One thing that has infamously stayed the same since that 2011 launch: Apple gives you just 5GB of iCloud storage for free.

Nearly 13 years later, how does iClouds free storage offer and paid upgrade plans compare to the competition?

My research was inspired by John Gruber at Daring Fireball, who published his call for Apple to offer more with iCloud, cost-to-Apple be damned last week.

There are other companies beyond these four that offer cloud storage. pCloud, for instance, is an increasingly popular choice that offers both subscription and lifetime storage options. For instance, you can get 2TB of storage from pCloud for $99/year or $399 lifetime. Im not sure how sustainable that business model is, but its an interesting proposition.

But while its easy to do a comparison based purely on storage amounts, there are other factors to consider especially for Microsoft and Apple.

Microsofts 100GB plan also includes access to other features and services, including mobile and web versions of Word, Excel, PowerPoint, and more. The 1TB plan includes access to those services on the desktop, web, and mobile.

Microsoft doesnt offer a way to subscribe to just OneDrive storage. They used to, but they removed that option in 2023. You can, however, add up to 1TB of additional storage to a Microsoft 365 plan at $0.01 per GB.

Another thing in Microsofts favor: its free tier includes 5GB of cloud storage and 15GB of mailbox storage. In Apples case, you get 5GB for free, and everything (including iCloud Mail) counts toward that limit.

Apples iCloud+ storage plans, meanwhile, include various other premium features:

Dropbox and Googles plans also include some benefits beyond just storage, but does anyone really care?

I generally found myself in agreement with Grubers conclusion. Sure, Apples pricing and plans are competitive with its competitors. Even the free tier at 5GB isnt significantly out of line compared to the broader market. Still, after 13 years, something needs to change:

So on the one hand, its not like Apples iCloud storage pricing is out of line with its competitors. But on the other hand, the free tier of iCloud has been stuck at 5 GB since the day iCloud was announced, which was so long ago that Steve Jobs announced it at his final WWDC keynote in 2011. iClouds $1/month 50 GB and $3/month 200 GB tiers have been unchanged since 2015. Like the stingy U.S. minimum wagewhich was last increased, to $7.25/hour, in 2009these tiers ought to be adjusted for inflation periodically, but arent.

Another takeaway I had: all of this is confusing. Chances are, if youre an iPhone user looking for more cloud storage, your best bet is iCloud+.

Check out Grubers full write-up for more.

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Datafy raises $6 million Seed round led by Insight Partners to optimize cloud storage – CTech

Datafy, which has developed a cloud storage management platform, announced on Wednesday the completion of a $6 million Seed funding round led by global software investor Insight Partners.

The cloud storage sector is experiencing rapid growth, driven by an exponential increase in data generation due to the growth in AI adoption and the general widespread adoption of cloud technologies. The global cloud storage market is projected to grow from $132 billion in 2024 to $665 billion by 2032. Datafy offers up to 50% savings on storage costs and provides a self-optimizing, developer-independent solution.

Datafy's flagship product, focusing on EBS (Elastic Block Store) on the AWS cloud, simplifies cloud storage management by auto-scaling data storage usage to ensure optimum management at a minimal cost.

Datafy was founded by Zivan Ori (CEO), Yoav Ilovich (CPO), and Ziv Serlin (COO). Ori and Serlin previously founded E8 Storage, which was sold to Amazon in 2019. After the acquisition, the two led a development group in the field of cloud storage at Amazon's R&D center in Israel. Ilovich, a graduate of the IDF's Talpiot unit where he also met Ori, has led product teams for more than 15 years, including VP Product positions at Taboola and at Pagaya.

"Our mission is clear - to give Finops and Devops teams the control they deserve with no effort or big changes to the system, said Ori. With Datafy, we're not just saving money; we're transforming how businesses manage their data in the cloud. Todays funding news is the next step in our journey as we continue to grow."

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Google Photos is making it easier to free up space for your pictures and videos here’s how – Tom’s Guide

Its really easy to fill up your phones storage with photos and videos. In a time when microSD card support is rarer and rarer, it means the cloud can be a lifesaver. But whats to stop you eating through your storage allowances in the exact same way? Thats where Google Photos storage saver feature comes in.

The goal of storage saver is to free up space in your Google cloud storage, by reducing the quality of backed up photos lowering the amount of storage they need in the process. So far this feature has only been available on desktop, but it looks like itll be making the jump to Android in the near future.

Android Authority spotted this during an APK teardown of the latest version of the Google Photos Android app. The code references Googles storage saver feature, with dialogue mentioning users being able to choose the quality of photos that are backed up to the cloud.

However, reducing the quality is a permanent change, so while you will save storage space it means your photos wont look as detailed as they were when you took them. Which is exactly how storage saver works on the web right now. Presumably that means photos will be reduced to 16MP, and videos downgraded to 1080p.

Its also worth noting that this change covers everything backed up to your Google Photos account. So theres no picking and choosing which files get downgraded, while keeping some at their original quality. While it would be very nice to do that, its not something Google has offered at the time of writing. Google also limits compression to once per day, which should be fine for most people.

Reducing the quality is a permanent change, so while you will save storage space it means your photos wont look as detailed as they were when you took them.

Judging from the code this change just means Android users will be able to tell Google Photos to compress photos and videos on the cloud from their phones rather than having to log into Google Photos in a web browser. Which could prove useful if you dont mind losing some quality to save storage space. After all, Googles 15GB free allowance isnt a lot.

Of course if you need to keep all your photos and videos in their original form, then youll want to pay up for the right amount of storage. Google offers up to 5TB storage as part of Google One, but you may prefer to use one of the other best cloud storage services instead.

Upgrade your life with a daily dose of the biggest tech news, lifestyle hacks and our curated analysis. Be the first to know about cutting-edge gadgets and the hottest deals.

Or, alternatively, if youd rather not be locked in with a subscription, or upload to the cloud, the best external hard drives gives you a way to keep everything backed up locally. Just make sure to back everything up regularly, since it cant be done automatically.

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DigitalGlue to highlight new creative.space //CLOUD and //EDGE-X storage solutions at NAB 2024 – NewscastStudio

DigitalGlue will debut of its latest storage solutions, the creative.space //CLOUD and the //EDGE-X storage server, at the NAB Show 2024. Tailored for the content creation industry, these offerings are designed to provide scalable, secure, and cost-effective data management for businesses and creative professionals. Attendees can experience these innovative solutions firsthand at booth SL9081 and apply for the chance to win 10 TB of //CLOUD storage.

creative.space //CLOUD: Scalable and Affordable Storage for Creative Teams DigitalGlue is introducing a cloud-hosting option to the award-winning creative.space platform as a compelling option for creative teams needing an off-site collaboration solution. By leveraging patented UltraIO technology, creative.spaces //CLOUD storage servers provide unprecedented performance, data protection, and efficiency through the ability to offload CPU tasks to GPUs. //CLOUD customers have access to a dedicated node that provides the same features and experience as DigitalGlues on-premises systems, including desktop mounting, link sharing, HTTPS transfers, and more. While users have the option to stream data over the internet for remote editing, DigitalGlue also provides the option to host Mac Studio workstations for screen sharing access that are networked to cloud storage with a 10 GbE or higher connectivity. This provides a separation between the user and the data for added security, while also leveraging the new high-performance mode option in MacOS Sonoma for remote editing at the highest quality over low bandwidth internet connections. Offered at only $195/month for 10 TB, this solution stands out for its affordability and scalability, making it an ideal choice for creative teams.

//EDGE-X: Compact and Efficient Storage Server The //EDGE-X server is an all-flash SSD-based storage server featuring all of the functionality of the creative.space platform. Its compact form factor and lack of spinning disks make it the ideal solution for on-set storage, including mounted directly to a tripod. Productions can ingest directly from cameras from vendors such as RED and Blackmagic Design over a network connection using the creative.space web app, instead of having to shuttle capture cards. The //EDGE-X is adaptable for many use cases, easily integrating with the creative.space //CLOUD. The //EDGE-X is available for $250/month for 15TB, under a 5-year contract paid annually, offering an efficient solution for creative professionals.

Combined Offering for Comprehensive Data Management DigitalGlue also provides a bundled solution that includes 15TB of creative.space //CLOUD storage and the //EDGE-X server for a total of $445/month, based on a 5-year contract paid annually. This package is crafted to offer creative teams a comprehensive set of tools for efficient digital asset management, enhancing their ability to collaborate and produce content effectively.

No Hidden Fees and a Unified User Experience The creative.space platform delivers a consistent user experience across desktop and web applications, with features such as desktop mounting, media browsing, and file transfers. This uniform approach ensures a transparent pricing model, with fixed monthly or annual rates and no additional user access or task-specific fees.

Launching at NAB 2024: A New Era of Content Creation Collaboration DigitalGlue is proud to introduce the creative.space //CLOUD and //EDGE-X server at NAB 2024 in booth SL9081 and offer attendees the chance to win 10TB of //CLOUD storage. These products aim to transform the way creative teams manage and collaborate on digital assets. By offering a mix of on-premises and //CLOUD storage solutions, these products are set to streamline content creation workflows, addressing the industrys need for secure, accessible, and cost-effective data storage solutions.

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How to Clear Disk Space with Cloud Storage 2024 [Windows 10] – Cloudwards

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Google Cloud’s AI Hypercomputer cloud infrastructure gets new GPUs, TPUs, optimized storage and more – SiliconANGLE News

Google Cloud is revamping its AI Hypercomputer architecture with significant enhancements across the board to support rising demand for generative artificial intelligence applications that are becoming increasingly pervasive in enterprise workloads.

At Google Cloud Next 24 today, the company announced updates to almost every layer of the AI Hypercomputer cloud architecture, with new virtual machines powered by Nvidia Corp.s most advanced graphics processing units one of the most significant revelations. In addition, it unveiled enhancements to its storage infrastructure for AI workloads, plus the underlying software for running AI models, and more flexible consumption options with its Dynamic Workload Scheduler service.

The updates were announced by Mark Lohmeyer, vice president and general manager of Compute and ML Infrastructure at Google Cloud. He explained that generative AI has gone from almost nowhere just a couple of years ago to becoming widespread across a wide range of enterprise applications encompassing text, code, videos, images, voice, music and more, placing incredible strains on the underlying compute, networking and storage infrastructure that supports it.

To support the increasingly powerful generative AI models being adopted across the enterprise today, Google Cloud has announced the general availability of what it says is its most powerful and scalable tensor processing unit to date. Its called the TPU v5p, and it has been designed with a single purpose in mind to train and run the most demanding generative AI models.

TPU v5p is built to deliver enormous computing power, with a single pod containing 8,960 chips running in unison, which is more than twice as many as the number in a TPU v4 pod. According to Lohmeyer, the TPU v5p delivers some impressive performance gains, with twice as many floating point operations per second and three-times more high-bandwidth memory on a per-chip basis, resulting in vastly improved overall throughput.

To enable customers to train and serve AI models running on large-scale TPU clusters, Google is adding support for the TPU v5p virtual machines on Google Kubernetes Engine, its cloud-hosted service for running software containers.

As an alternative, customers can also use the latest hardware from Nvidia to train their generative AI models on Google Cloud. Besides its TPU family, its also providing access to Nvidias H100 GPUs through its new A3 family of VMs. The A3 Mega VM will become generally available from next month, and one of its main advantages will be support for confidential computing, which refers to techniques that can protect the most sensitive data from unauthorized access even while its being processed. This is a key development, Lohmeyer said, as it will provide a way for generative AI models to access data that was previously deemed too risky for them to process.

Character.AI is using Google Clouds Tensor Processor Units and A3 VMs running on Nvidias H100 Tensor Core GPUs to train and infer LLMs faster and more efficiently, said Character Technologies Inc. Chief Executive Noam Shazeer. The optionality of GPUs and TPUs running on the powerful AI-first infrastructure makes Google Cloud our obvious choice as we scale to deliver new features and capabilities to millions of users.

More exciting, perhaps, is what Google Cloud has in store for later in the year. Though it hasnt said when, the company confirmed that its planning to bring Nvidias recently announced but not yet released Blackwell GPUs to its AI Hypercomputer architecture. Lohmeyer said the Blackwell GPUs will be made available in two configurations, with VMs powered by both the HGX B200 and GB200 NVL72 GPUs. The former are designed for the most demanding AI workloads, while the latter is expected to support a new era of real-time large language model inference and massive-scale training for trillion-parameter scale models.

More powerful compute is just one part of the infrastructure equation when it comes to supporting advanced generative AI workloads. In addition, enterprises also need access to more capable storage systems that keep their data as close as possible to the compute instances that power them. The idea is that this reduces latency to train models faster, and with todays updates, Google Cloud claims its storage systems are now among the best in the business, with improvements that maximize GPU and TPU utilization, resulting in superior energy efficiency and cost optimization.

Todays updates include the general availability of Cloud Storage FUSE, a new file-based interface for Google Cloud Storage that enables AI and machine learning applications to tap into file-based access to its cloud storage resources. According to Google Cloud, GCS FUSE delivers an increase in training throughput of 2.9 times compared with its existing storage systems, with model serving performance showing a 2.2-times improvement.

Other enhancements include support for caching in preview within Parallelstore, a high-performance parallel file system thats optimized for AI and high-performance computing workloads. With its caching capabilities, Parallelstore enables up to 3.9 times faster training times and 3.7 times superior training throughput, compared to traditional data loaders.

The company also announced AI-focused optimizations to the Filestore service, which is a network file system that enables entire clusters of GPUs and TPUs to simultaneously access the same data.

Lastly, theres the new Hyperdisk ML service, which delivers block storage, available now in preview. With this, Google Cloud claims it can accelerate model load times by up to 12-times compared to alternative services.

A third part of the generative AI equation is the open-source software thats used to support many of these models, and Google Cloud hasnt ignored these either. Its offering a range of updates across its software stack that it says will help simplify developer experiences and improve performance and cost efficiencies.

The software updates include the debut of MaxDiffusion, a new high-performance and scalable reference implementation for diffusion models that generate images. In addition, the company announced a range of new open models available now in MaxText, such as Gemma, GPT3, Llama 2 and Mistral.

The MaxDiffusion and MaxTest models are built on a high performance numerical computing framework called JAX, which is integrated with the OpenXLA compiler to optimize numerical functions and improve model performance. The idea is that these components ensure the most effective implementation of these models, so developers can focus on the math.

In addition, Google announced support for the latest version of the popular PyTorch AI framework, PyTorch/XLA 2.3, which will debut later this month.

Lastly, the company unveiled a new LLM inference engine called Jetstream. Its an open-source offering thats throughput- and memory-optimized for AI accelerators such as Google Clouds TPUs. According to Lohmeyer, it will provide three-times higher performance per dollar on Gemma 7B and other open AI models.

As customers bring their AI workloads to production, theres an increasing demand for a cost-efficient inference stack that delivers high performance, he explained. JetStream helps with this need and offers support for models trained with both JAX and PyTorch/XLA, and includes optimizations for popular open models such as Llama 2 and Gemma.

The final ingredient for running generative AI on Googles cloud stack is the Dynamic Workload Scheduler, which delivers resource management and job scheduling capabilities to developers. The main idea is that it improves access to AI computing capacity while providing tools to optimize spending on these resources.

With todays update, Dynamic Workload Scheduler now provides two starting modes flex start mode for enhanced obtainability with optimized economics, and calendar mode, for more predictable job start times and durations. Both modes are now available in preview.

According to Lohmeyer, flex start jobs will be cued to run as soon as possible, based on resource availability. This will make it easier for developers to access the TPU and GPU resources they need for workloads with more flexible start times. As for calendar mode, this provides short-term reserved access to AI compute resources including TPUs and GPUs. Users will be able to reserve co-located GPUs for a period of up to 14 days, up to eight weeks in advance. Reservations will be confirmed, and the capacity will come available on the requested start date.

Dynamic Workload Scheduler improved on-demand GPU obtainability by 80%, accelerating experiment iteration for our researchers, said Alex Hays, a software engineer at Two Sigma Inc. Leveraging the built-in Kueue and GKE integration, we were able to take advantage of new GPU capacity in Dynamic Workload Scheduler quickly and save months of development work.

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A 30000TB tower powered by a 70-year-old technology Spectra Logic proves that data tape still has a place in an AI … – TechRadar

Spectra Logic has introduced the Spectra Cube tape library, a cloud-optimized system for on-premise, hybrid cloud, and IaaS environments that is designed to be quickly deployed, dynamically scaled, and easily serviced without tools or downtime.

The Spectra Cube library is managed by the company's recently announced LumOS library management software, which provides secure local and remote management and monitoring.

The tower is compatible with LTO-6, LTO-7, LTO-8, and LTO-9 technology generations and will reportedly support LTO-10 when it becomes available. LTO-6 support allows users to read old tapes all the way back to LTO-4 with an LTO-6 tape drive. The solution features high tape cartridge exchange performance, a TeraPack Access Port for easy tape handling, and drive interfaces including Fibre Channel and SAS.

With a capacity-on-demand expansion model, the Spectra Cube allows for additional tape slots and drives to be enabled via software without downtime. The library offers up to 30PB of native capacity and supports up to 16 partitions for shared or multi-tenant environments.

"As cloud data continues to grow rapidly, the escalating costs of public cloud storage have forced a reckoning, leading to significant interest in moving data to more economical locations including on-prem clouds and hybrid clouds, said Matt Ninesling, senior director of tape portfolio management at Spectra Logic.

Compared to typical public cloud options, Spectra Cube solutions can cut the costs of cold storage by half or more, while providing better data control and protection from existential threats like ransomware.

The price of a fully-fledged Spectra Cube library ranges from under $60,000 to over $500,000 depending on configuration, number of tape drives, amount of media, and other additions to the base library.

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