Global revenue from AI semiconductors is projected to reach $71 billion in 2024, marking a 33% increase from the previous year, according to a recent Gartner report. Gartner also anticipates that AI-equipped PCs will constitute 22% of total PC shipments in 2024. By the end of 2026, all enterprise PC purchases are expected to feature AI capabilities.
Gartner forecasts a huge 20.4% increase in public cloud services expenditure by 2024, hitting an astounding $679 billion. This surge in spending could be primarily driven by business needs and innovative technologies like generative AI. Interestingly, all cloud market segments Gartner monitors are set to grow, with Infrastructure-as-a-service (IaaS) leading the pack at 26.6%. That said, as the cloud market evolves in response to business outcomes, non-technical issues such as cost, privacy, and sustainability are crucial considerations for an effective GenAI deployment.
Sinch, which powers meaningful conversations between businesses and their customers through its Customer Communications Cloud, today announced that the company has been positioned as a Leader in the first 2023 Gartner® Magic Quadrant™ for Communications Platform as a Service (CPaaS). The evaluation was based on specific criteria that analyzed Sinch’s overall Completeness of Vision and Ability to Execute.
Gartner predicts AI data centers may hit operational limits by 2027 due to power shortages, driven by surging AI and GenAI energy demands. As electricity needs rise, organizations must adapt by securing long-term power contracts and exploring efficient alternatives.
OneLayer, a 5G security startup, has signed a multi-year agreement with Evergy to secure operational technology assets on its private network. Leveraging partnerships with Nokia and Ericsson, OneLayer’s zero-trust security platform, OneLayer Bridge, will manage IoT and OT devices across the U.S.
Telefónica Tech and IBM have partnered to leverage the growing interest in AI among businesses. Initially focused on Spain, this collaboration aims to address various digital transformation challenges that companies face, particularly in integrating and maximizing data analytics and AI, including generative AI (GenAI).
In a transformative development for the telecommunications and enterprise sectors, Italtel, a global ICT company, has forged a strategic alliance with Nearby Computing, a leader in edge-to-cloud automation and orchestration platforms. This partnership is poised to expedite the deployment of 5G solutions, private networks, and edge computing, representing a major leap forward in the industry.
In a significant development at the Gartner Data & Analytics Summit in Orlando, FL, Alkira, a leader in agentless multi-cloud networking, has teamed up with RestorePoint.AI, known for its Secure Managed Data as a Service, to introduce a revolutionary cloud-based data management service. This collaboration is designed to empower mid-market enterprises with a private, secure network, accelerating the process of deriving value from analytics and Generative AI (GenAI) without the need for extensive resources.
iboss, the leader in cloud-delivered cybersecurity, has announced a new value-added distribution agreement with Sydney-based Orca Tech in the Australia and New Zealand (ANZ) regions. This collaboration marks a significant step forward in iboss’s mission to bolster its presence in the ANZ market and deliver cutting-edge cloud security solutions to organisations across the region.
In a groundbreaking development, Cisco has announced the successful transmission of data at speeds of 800Gbps across the Amitié transatlantic cable. Stretching 6,234 kilometers from Boston, Massachusetts, to Bordeaux, France, this achievement marks a significant advancement in the capacity of subsea network cables, driven by the burgeoning demands of cloud computing and AI technologies.
