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EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

TechCrunch

EnCharge AI , a company building hardware to accelerate AI processing at the edge , today emerged from stealth with $21.7 Speaking to TechCrunch via email, co-founder and CEO Naveen Verma said that the proceeds will be put toward hardware and software development as well as supporting new customer engagements.

Hardware 216
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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

According to Synergy Group , an IT market research firm, Amazon, Microsoft and Google together held a 65% share of the global cloud services market as of Q2, up 61% year-over-year. L2 Point Management led with participation from Cedar Pine and return investors Fidelity Management & Research Company and Forestay Capital.

Storage 224
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Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

TechCrunch

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Fidelity Management & Research Company led the round with participation from previous investors. Wasabi storage starts at $5.99

Storage 218
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Nvidia points to the future of AI hardware

CIO

And if the Blackwell specs on paper hold up in reality, the new GPU gives Nvidia AI-focused performance that its competitors can’t match, says Alvin Nguyen, a senior analyst of enterprise architecture at Forrester Research. The case for Blackwell is clear, adds Shane Rau, research VP for semiconductors at IDC. The answer is, not yet.”

Hardware 148
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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. As a result, organizations are looking for solutions that free CPUs from computationally intensive storage tasks.” Marvell has its Octeon technology.

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How to Develop IoT Applications: A Complete Guide for 2022

The Crazy Programmer

The software is crucial because it links to the hardware through the cloud and the network. Hardware: Hardware includes sensors, chips, and other measuring appliances. The creators of an IoT application must ensure that the software is compatible with the software’s hardware. 4 Stages of Building an IoT App.

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AMD buys server maker ZT Systems as AI battle intensifies

CIO

ZT Systems has over 15 years of experience in designing and deploying AI compute and storage infrastructure for major global cloud companies, AMD added, noting that the company is a key provider of AI training and inference infrastructure. ZT Systems effectively meets the specific design and integration requirements of these companies. “ZT

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