Results for: Data Center

Ola founder Bhavish Aggarwal announced significant advancements in artificial intelligence and technology at the company’s ‘Sankalp 2024’ event in Bengaluru. The event highlighted the integration of Krutrim, Aggarwal’s AI startup, into Ola Electric and Ola Consumer, alongside the deployment of Krutrim’s advanced AI-powered customer service tool. Aggarwal also revealed plans to build a 1-gigawatt data center and launch India’s first homegrown AI chip, showcasing Ola’s ambitious vision for AI dominance.

The global Data Center as a Service market is experiencing rapid growth, driven by the increasing need for scalable IT infrastructure to handle the ever-growing volume of data generated by organizations. This report from Coherent Market Insights forecasts the market to reach $289.91 billion by 2031, growing at a CAGR of 18.3%. The report explores market dynamics, trends, opportunities, and key players shaping the industry.

Micron has announced the world’s first PCIe 6.0 SSD, promising record-breaking speeds of over 26GB/s. This revolutionary technology, initially designed for data centers, will eventually trickle down to consumer devices, ushering in a new era of lightning-fast storage. While it will be some time before we see these speeds in our personal computers, the potential for faster game loading, smoother data transfers, and more responsive applications is incredibly exciting.

AMD exceeded analyst expectations in Q2 2024, driven by a massive surge in its AI-powered Data Center business. While gaming revenue slumped, AMD’s AI division showcased significant growth, positioning the company for continued expansion in the second half of the year.

Micron has launched the Micron 9550 PCIe Gen5 SSD, boasting the title of the world’s fastest data center SSD. This new SSD is a leader in AI workload performance and power efficiency, offering impressive performance gains and lower power consumption compared to its competitors. With its integrated design and impressive capabilities, the Micron 9550 SSD is poised to revolutionize data center storage for AI applications.

Elon Musk’s new Memphis Supercluster, boasting 100,000 AI GPUs, has raised questions about its power consumption. Analyst Dylan Patel reveals that the data center is currently powered by mobile generators, only using a fraction of the needed power. While an agreement with Tennessee Valley Authority could provide more power, it’s not enough to run the full capacity of the supercluster.

Samsung Electro-Mechanics (SEMCO) has announced a partnership with AMD to provide high-performance substrates for the tech giant’s next-generation CPUs and GPUs. This collaboration focuses on the growing demand for high-performance computing in data centers, with Samsung investing heavily in advanced substrate technology to meet future needs.

Private equity firms KKR and DigitalBridge, along with Singapore’s sovereign wealth fund GIC, are in the running to acquire Carlyle Group’s 24% stake in Bharti Airtel’s data center arm, Nxtra Data Ltd. The deal is estimated to value Nxtra at around $700 million and reflects the growing interest in India’s digital infrastructure sector.

AMD reported first-quarter earnings that exceeded Wall Street expectations, driven by strong growth in its Data Center segment and a recovery in its client business. However, the company’s gaming segment declined significantly. AMD expects continued growth in the current quarter, albeit at a more modest pace.