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How the world can tackle the power demands of artificial intelligence

CIO

The world must reshape its technology infrastructure to ensure artificial intelligence makes good on its potential as a transformative moment in digital innovation. New technologies, such as generative AI, need huge amounts of processing power that will put electricity grids under tremendous stress and raise sustainability questions.

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DDN Nabs $300M From Blackstone As AI Keeps Data Storage Hot

Crunchbase News

Private equity giant Blackstone Group is making a $300 million strategic investment into DDN , valuing the Chatsworth, California-based data storage company at $5 billion. In 2023, it partnered with Digital Realty to develop $7 billion in data centers targeting providers of online content, cloud services and artificial intelligence.

Storage 124
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The Week’s Biggest Funding Rounds: Data Storage And Lots Of Biotech

Crunchbase News

DDN , $300M, data storage: Data is the big-money game right now. Private equity giant Blackstone Group is making a $300 million strategic investment into DDN , valuing the Chatsworth, California-based data storage company at $5 billion. However, as usual, a company with AI ties is on top. billion.

Biotech 120
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Are enterprises ready to adopt AI at scale?

CIO

Whether it’s a financial services firm looking to build a personalized virtual assistant or an insurance company in need of ML models capable of identifying potential fraud, artificial intelligence (AI) is primed to transform nearly every industry.

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Gartner projects major IT spending increases for 2025

CIO

TRECIG, a cybersecurity and IT consulting firm, will spend more on IT in 2025 as it invests more in advanced technologies such as artificial intelligence, machine learning, and cloud computing, says Roy Rucker Sr., Spending on advanced IT Some business and IT leaders say they also anticipate IT spending increases during 2025.

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Build a strong data foundation for AI-driven business growth

CIO

In the quest to reach the full potential of artificial intelligence (AI) and machine learning (ML), there’s no substitute for readily accessible, high-quality data. If the data volume is insufficient, it’s impossible to build robust ML algorithms. If the data quality is poor, the generated outcomes will be useless.

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Map an AI strategy that’s yours, not SAP’s

CIO

Beware of escalating AI costs for data storage and computing power. AI has an insatiable appetite for data, which means computing and data storage costs can escalate rapidly. Such an approach is limiting and increases the likelihood that crucial capabilities may be implemented too late to deliver maximum business impact.

Strategy 158