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IBM CompletesHashiCorp Acquisition for $6.4 Billion, Expanding Hybrid Cloud Offerings
Image: nmann77/Adobe Stock IBM has finally completed its acquisition of San Francisco-based HashiCorp for $6.4 billion, 10 months after its announcement. The companies aim to address the growing complexity enterprises face in managing multicloud and hybrid cloud infrastructures, especially with the rise of AI-driven applications that constantly shift workloads and require rapid scaling. From today, HashiCorp’s automation tools, such as…
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Apple plans to spend $500 billion in the next four years – but how much of that is fresh funding?
Apple has announced plans to invest more than $500 billion in the US over the next four years, marking the tech giant’s largest-ever spending commitment. The funding will go on a broad mix of projects, including expanding the staff and facilities in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington, as well as on a new factory…
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Enterprises are set to waste $44.5 billion on needless cloud spending this year – the growing disconnect between FinOps and engineering teams is a key factor
Enterprises could waste up to $44.5 billion in cloud spending this year as a rift between engineering and FinOps teams hampers cost efficiency, according to research from Harness. Enterprises estimate that 21% of their cloud infrastructure spend is wasted on underutilized resources, Harness found, with the majority of surveyed engineering staff putting this down to a disconnect between two key…
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NinjaOne secures $500 million investment at $5 billion valuation
NinjaOne has raised $500 million in a funding round that will see heightened investment and expansion of the firm’s endpoint management offerings. Bringing its valuation to $5 billion, the funding was led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, and other private investors. NinjaOne said the investment will be used to fund research and development into autonomous endpoint…
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Hacker steals record $1.46 billion from Bybit ETH cold wallet
Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets. “The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the…
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Elon Musk’s $97 billion flustered OpenAI – now it’s introducing rules to ward off future interest
OpenAI is considering restructuring the board of its non-profit arm to ward off unwanted bids, according to reports from the Financial Times. The reported move follows a takeover attempt by Elon Musk, who last week offered $97.4 billion to buy the company alongside a consortium of investors. OpenAI CEO Sam Altman initially said no to the bid via a post…
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German IT Market Set to Grow $31.3 Billion by 2028
The IT market in Germany is estimated to grow by $31.3 USD by 2028, a new report has found. This equates to an annual growth rate of almost 4.07%, spurred on by increased adoption of IT solutions within SMEs and big data solutions within enterprises. Despite this growth, German businesses will face challenges in recruitment and retention due to a…
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Sam Altman says ‘no thank you’ to Musk’s $97 billion bid for OpenAI
OpenAI’s directors have refused a buyout offer of $97.4 billion from a group of investors led by Elon Musk. The bid follows a years-long feud between Musk and OpenAI, which he initially co-founded and helped to fund in its infancy, with particular animosity reserved for CEO Sam Altman. OpenAI has recently shifted away from its non-profit roots towards a public…
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Google expects to spend $75 billion this year on the AI race
Google parent company Alphabet expects to invest “approximately $75 billion” in capital expenditures in 2025, according to a statement from CEO Sundar Pichai in Alphabet’s Q4 2024 earnings release. Capital expenditures have become a hot topic as of late as big tech companies race to build infrastructure to support their growing AI ambitions, and today’s announcement from Alphabet is clearly…
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Stargate project: OpenAI, Oracle pledge support for $500 billion AI infrastructure drive
The US government has announced $500 billion in funding as part of a huge drive to expand AI infrastructure capabilities across the country. The ‘Stargate Project’ is a new company, backed by industry heavyweights including SoftBank, OpenAI, Oracle, and MGX as initial equity funders. SoftBank and OpenAI are the lead partners, with SoftBank having financial responsibility and OpenAI taking operational…
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