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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 general, datacenters and data storage and management have been hot among investors as businesses of all sizes try to use their data to scale up AI initiatives.

Storage 122
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Comprehensive data management for AI: The next-gen data management engine that will drive AI to new heights

CIO

You pull an open-source large language model (LLM) to train on your corporate data so that the marketing team can build better assets, and the customer service team can provide customer-facing chatbots. The data is spread out across your different storage systems, and you don’t know what is where.

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Storage: The unsung hero of AI deployments

CIO

As enterprises begin to deploy and use AI, many realize they’ll need access to massive computing power and fast networking capabilities, but storage needs may be overlooked. In that case, Duos needs super-fast storage that works alongside its AI computing units. “If If you have a broken wheel, you want to know right now,” he says. “We

Storage 195
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Efficiently train models with large sequence lengths using Amazon SageMaker model parallel

AWS Machine Learning - AI

Across diverse industries—including healthcare, finance, and marketing—organizations are now engaged in pre-training and fine-tuning these increasingly larger LLMs, which often boast billions of parameters and larger input sequence length. This approach reduces memory pressure and enables efficient training of large models.

Training 106
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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.

Biotech 117
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Lucidity keeps cloud block storage neat, tidy and cost-efficient

TechCrunch

Cloud storage is expensive ( especially in this economy ), but many companies often over-provision, cutting their full return on investment. Lucidity was created to help them manage block storage more efficiently with a set of automated tools. The startup announced today that is has raised $5.3 million in seed funding.

Storage 220
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Thanks to AI, the data reckoning has arrived

CIO

That approach to data storage is a problem for enterprises today because if they use outdated or inaccurate data to train an LLM, those errors get baked into the model. The consequence is not hallucinatingthe model is working properlyinstead, the data training the model is wrong.