Remove Data Center Remove Development Remove Storage
article thumbnail

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

Crunchbase News

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. Big money Of course this is far from the only play the Blackstone Group has made in the data sector.

Storage 122
article thumbnail

Gartner projects major IT spending increases for 2025

CIO

growth this year, with data center spending increasing by nearly 35% in 2024 in anticipation of generative AI infrastructure needs. Data center spending will increase again by 15.5% in 2025, but software spending — four times larger than the data center segment — will grow by 14% next year, to $1.24

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AI to go nuclear? Data center deals say it’s inevitable

CIO

AWS, Microsoft, and Google are going nuclear to build and operate mega data centers better equipped to meet the increasingly hefty demands of generative AI. Earlier this year, AWS paid $650 million to purchase Talen Energy’s Cumulus Data Assets, a 960-megawatt nuclear-powered data center on site at Talen’s Susquehanna, Penn.,

article thumbnail

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. billion to develop data centers in Spain.

Biotech 117
article thumbnail

Data center design in the age of AI: Integrating AI with legacy Infrastructure

CIO

In the age of artificial intelligence (AI), how can enterprises evaluate whether their existing data center design can fully employ the modern requirements needed to run AI? There are major considerations as IT leaders develop their AI strategies and evaluate the landscape of their infrastructure.

article thumbnail

Data centers in space

CIO

Imagine a world in which data centers were deployed in space. Using a satellite networking system, data would be collected from Earth, then sent to space for processing and storage. The system would use photonics and optical technology, dramatically cutting down on power consumption and boosting data transmission speeds.

article thumbnail

Pliops lands $100M for chips that accelerate analytics in data centers

TechCrunch

Part of the problem is that data-intensive workloads require substantial resources, and that adding the necessary compute and storage infrastructure is often expensive. That’s why Uri Beitler launched Pliops , a startup developing what he calls “data processors” for enterprise and cloud data centers.