Latest Cloud Computing News - CIO Dive
Nov 5, 2024 · The hyperscaler saw cloud revenue grow 35% year over year to $11.4 billion in the third quarter. By Matt Ashare • Oct. 30, 2024
Latest Cloud Computing News | CIO Dive
Sep 9, 2024 · Gaining control over sky-high cloud costs Discover how Akamai slashed its public cloud costs by 40% through innovative distributed cloud strategies, setting a new standard for cloud efficiency and performance. Sept. 9, 2024
AI adoption drives ‘unmanageable’ spike in cloud costs
Oct 7, 2024 · Enterprise cloud costs rose an average of 30% in the last year, respondents said. Spending on AI applications and generative AI specifically were cited as top drivers for growing cloud spend by half of respondents. Nearly three-quarters of respondents said the AI boom has made cloud bills “unmanageable,” the report found.
FTC extends cloud competition scrutiny to generative AI
Nov 20, 2023 · The FTC launched an inquiry into cloud competition in March, when it issued a request for information on hyperscaler business practices. The emergence of generative AI tools has intensified the agency’s concerns. “Cloud computing is a key input for artificial intelligence technologies,” Khan said.
Capital One's public cloud strategy at odds with industry
Jan 31, 2019 · The company had a private cloud strategy through the first years of its cloud adoption, but it failed to hit the target, according to Lauren Nelson, principal analyst at Forrester. In 2015, Capital One unveiled its cloud strategy on the mainstage of AWS re:Invent , showing plans for a massive consolidation of data center real estate.
FTC cloud market inquiry remains unresolved as US presidential …
Nov 4, 2024 · AI is viewed largely as a safety threat. Cloud, in contrast, is seen through the lens of larger market forces and cybersecurity risks. “The FTC has traditionally centered its cloud computing concerns around market power of cloud companies and potential security risks they pose,” Ward said.
JPMorgan Chase CEO wants more cloud to fuel AI, analytics
Apr 12, 2024 · The banking giant aims to have 75% of its data and 70% of its applications migrated to the cloud by the end of the year, Dimon said. Approximately 70% of its data and 50% of its applications currently run in public or private cloud. Cloud adoption is part of JPMorgan's broader prioritization of data to drive AI adoption.
Companies 'prone to self-delusion' when using cloud, McKinsey says
Mar 12, 2021 · Dive Brief: Nearly two-thirds of industrial companies use cloud computing yet 74% of cloud transformations fail to yield expected savings or business value, McKinsey found in a survey of more than 800 CFOs, CEOs, CIOs and other executives at manufacturers in Europe and North America.
Bank of America prioritized internal cloud. Now it's evaluating …
Oct 17, 2019 · While BofA has pursued a private cloud strategy, Moynihan said third-party cloud providers are 25-30% "cheaper." Led by Cathy Bessant, chief operations and technology officer of BofA, and Howard Boville, CTO of BofA, the company is negotiating with potential providers paying closing attention to data privacy and security.
Alibaba expects AI to drive more than half of its cloud ... - CIO Dive
Aug 16, 2024 · The China-based online retailer took remediating action last year, standing up a dedicated cloud division as part of a broader business reorganization in March — just three months before elevating Wu to his current role. The company cut prices on several core cloud services earlier this year in an attempt to reinvigorate its cloud business ...