Latest Cloud Computing News - CIO Dive
Nov 5, 2024 · Cloud consumption surge strains even the largest hyperscalers. “We have more demand than we could fulfill if we had even more capacity today,” Amazon CEO Andy Jassy said Thursday. “Everyone today has less capacity than they have demand.”. By Matt Ashare • Nov. 5, 2024. Explore the Trendline .
Latest Cloud Computing News | CIO Dive
Sep 9, 2024 · Cloud native security: Revolutionizing cloud environments with NextGen firewall. Cloud services are now widely adopted, streamlining operations and fostering innovation. Yet, as the cloud landscape evolves, so do its complexities and security challenges. By Rich Campagna, SVP Product Management, NextGen Firewall • Sept. 3, 2024.
Capital One's public cloud strategy at odds with industry
Jan 31, 2019 · The cloud provides “greater agility ” and speed and allows for common formats around data, said Linda Apsley, VP of data engineering at Capital One, in an interview with CIO Dive. Apsley’s mandate is to make data cloud-ready and become a machine learning company. By that directive her team is responsible for “four D’s”: Data ...
FTC extends cloud competition scrutiny to generative AI
Nov 20, 2023 · Trendline. The FTC launched an inquiry into cloud competition in March, when it issued a request for information on hyperscaler business practices. The emergence of generative AI tools has intensified the agency’s concerns. “Cloud computing is a key input for artificial intelligence technologies,” Khan said. “Fully understanding the ...
AI adoption drives ‘unmanageable’ spike in cloud costs
Oct 7, 2024 · AI adoption is contributing to a spike in cloud costs for most enterprises, according to a report by Tangoe. The technology expense management solution provider commissioned Vanson Bourne to survey 500 IT and finance professionals responsible for enterprise cloud cost management. Enterprise cloud costs rose an average of 30% in the last year ...
JPMorgan Chase CEO wants more cloud to fuel AI, analytics
Published April 12, 2024. Matt Ashare Senior Reporter. Jamie Dimon, Chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Dimon stressed the centrality of cloud adoption in driving the companies AI strategy in a letter to investors.
Bank of America prioritized internal cloud. Now it's evaluating …
Oct 17, 2019 · Bank of America is consolidating its infrastructure footprint as part of an internal cloud strategy, reducing its number of servers from more than 200,000 to 70,000, said Brian Moynihan, chairman of the board and CEO of Bank of America, in a Q3 earnings call Wednesday. The bank still operates 23 data centers, down from 67.
Companies 'prone to self-delusion' when using cloud, McKinsey says
Mar 12, 2021 · Dive Brief: Nearly two-thirds of industrial companies use cloud computing yet 74% of cloud transformations fail to yield expected savings or business value, McKinsey found in a survey of more than 800 CFOs, CEOs, CIOs and other executives at manufacturers in Europe and North America.
Alibaba expects AI to drive more than half of its cloud ... - CIO Dive
Aug 16, 2024 · Alibaba expects AI products to drive more than half of its cloud segment growth this year, CEO Eddie Wu said Thursday, during a Q2 2024 earnings call. “Any enterprise that is digitalized and relies on digitalization must be investing — it has to be investing in AI,” he said. The company saw cloud revenue growth accelerate to 6% year over ...
Enterprise cloud spend jumped in Q4, nudged upward by AI
Feb 5, 2024 · Cloud spending increased by $5.6 billion from Q3 to Q4 last year, the largest quarter-over-quarter increase ever recorded by Synergy Research Group. Enterprise cloud infrastructure services spend reached nearly $74 billion in the last three months of 2023, a $12 billion increase from the prior year. Revenue growth for the full year was 19% ...