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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.

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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

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Hungry for resources, AI redefines the data center calculus

CIO

The AI revolution is driving demand for massive computing power and creating a data center shortage, with data center operators planning to build more facilities. But it’s time for data centers and other organizations with large compute needs to consider hardware replacement as another option, some experts say.

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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? Evaluating data center design and legacy infrastructure. The art of the data center retrofit. Digital Realty alone supports around 2.4

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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. billion to develop data centers in Spain.

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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.

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

TechCrunch

According to an IDC survey commissioned by Seagate, organizations collect only 56% of the data available throughout their lines of business, and out of that 56%, they only use 57%. That’s why Uri Beitler launched Pliops , a startup developing what he calls “data processors” for enterprise and cloud data centers.