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Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach $679 Billion in 2024
Gartner
Press Release

December 15, 2023

Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach $679 Billion in 2024

Worldwide end-user spending on public cloud services is forecast to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023, according to the latest forecast from Gartner, Inc. “Cloud has become essentially indispensable,” said Sid Nag, Vice President Analyst at Gartner. “However, that doesn’t mean cloud innovation can stop or even slow. The tables are turning for cloud providers as cloud models no longer drive business outcomes, but rather, business outcomes shape cloud models.” “For example, organizations deploying generative AI (GenAI) services will look to the public cloud, given the scale of the infrastructure required,” said Nag. “However, to deploy GenAI effectively, these organizations will require cloud providers to address nontechnical issues related to cost, economics, sovereignty, privacy and sustainability. Hyperscalers that support these needs will be able to capture a brand-new revenue opportunity as GenAI adoption grows.”

Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach $679 Billion in 2024
Gartner
Press Release

December 15, 2023

Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach $679 Billion in 2024

Worldwide end-user spending on public cloud services is forecast to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023, according to the latest forecast from Gartner, Inc. “Cloud has become essentially indispensable,” said Sid Nag, Vice President Analyst at Gartner. “However, that doesn’t mean cloud innovation can stop or even slow. The tables are turning for cloud providers as cloud models no longer drive business outcomes, but rather, business outcomes shape cloud models.” “For example, organizations deploying generative AI (GenAI) services will look to the public cloud, given the scale of the infrastructure required,” said Nag. “However, to deploy GenAI effectively, these organizations will require cloud providers to address nontechnical issues related to cost, economics, sovereignty, privacy and sustainability. Hyperscalers that support these needs will be able to capture a brand-new revenue opportunity as GenAI adoption grows.”

Google’s App Store Ruled an Illegal Monopoly, as a Jury Sides With Epic Games
WIRED
Article

December 12, 2023

Google’s App Store Ruled an Illegal Monopoly, as a Jury Sides With Epic Games

Google violated California and federal antitrust laws through deals that stifled competition for its Play mobile app store, a jury in San Francisco unanimously found today. The verdict delivers the first significant US courtroom loss for big tech in the years-long campaign by rivals, regulators, and prosecutors to tame the power of internet gatekeepers. The ruling came in a case first filed in 2020 by Epic Games and argued before a jury since early November. Epic had accused Google of restricting smartphone makers, wireless carriers, and app developers from providing any competition to the Play store, which accounts for over 95 percent of all downloads onto Android phones in the US.

Google’s App Store Ruled an Illegal Monopoly, as a Jury Sides With Epic Games
WIRED
Article

December 12, 2023

Google’s App Store Ruled an Illegal Monopoly, as a Jury Sides With Epic Games

Google violated California and federal antitrust laws through deals that stifled competition for its Play mobile app store, a jury in San Francisco unanimously found today. The verdict delivers the first significant US courtroom loss for big tech in the years-long campaign by rivals, regulators, and prosecutors to tame the power of internet gatekeepers. The ruling came in a case first filed in 2020 by Epic Games and argued before a jury since early November. Epic had accused Google of restricting smartphone makers, wireless carriers, and app developers from providing any competition to the Play store, which accounts for over 95 percent of all downloads onto Android phones in the US.

Making an image with generative AI uses as much energy as charging your phone
MIT Technology Review
Article

December 6, 2023

Making an image with generative AI uses as much energy as charging your phone

Each time you use AI to generate an image, write an email, or ask a chatbot a question, it comes at a cost to the planet. In fact, generating an image using a powerful AI model takes as much energy as fully charging your smartphone, according to a new study by researchers at the AI startup Hugging Face and Carnegie Mellon University. However, they found that using an AI model to generate text is significantly less energy-intensive. Creating text 1,000 times only uses as much energy as 16% of a full smartphone charge. Their work, which is yet to be peer reviewed, shows that while training massive AI models is incredibly energy intensive, it’s only one part of the puzzle. Most of their carbon footprint comes from their actual use.

Making an image with generative AI uses as much energy as charging your phone
MIT Technology Review
Article

December 6, 2023

Making an image with generative AI uses as much energy as charging your phone

Each time you use AI to generate an image, write an email, or ask a chatbot a question, it comes at a cost to the planet. In fact, generating an image using a powerful AI model takes as much energy as fully charging your smartphone, according to a new study by researchers at the AI startup Hugging Face and Carnegie Mellon University. However, they found that using an AI model to generate text is significantly less energy-intensive. Creating text 1,000 times only uses as much energy as 16% of a full smartphone charge. Their work, which is yet to be peer reviewed, shows that while training massive AI models is incredibly energy intensive, it’s only one part of the puzzle. Most of their carbon footprint comes from their actual use.

Evroc plans €600m raise to build Europe’s first hyperscale cloud in Stockholm
Sifted
Article

December 4, 2023

Evroc plans €600m raise to build Europe’s first hyperscale cloud in Stockholm

Just months after evroc pledged to raise €3bn within two years, the Swedish startup has revealed that it will build its flagship hyperscale cloud centre next to Stockholm’s international airport. The startup, which intends to create a green rival to Amazon Web Services (AWS), wants to provide the largest AI infrastructure in Europe to help clients that cannot use other US-based services because of security concerns. “We wanted to build a sovereign and sustainable cloud for Europe. Now we believe that we can build a better cloud [than AWS and Google]”, says evroc’s founder Mattias Åström. As a first step for its €3bn investment goal, evroc is now raising €600m in a combination of venture capital, debt and grants for its flagship data centre.

Evroc plans €600m raise to build Europe’s first hyperscale cloud in Stockholm
Sifted
Article

December 4, 2023

Evroc plans €600m raise to build Europe’s first hyperscale cloud in Stockholm

Just months after evroc pledged to raise €3bn within two years, the Swedish startup has revealed that it will build its flagship hyperscale cloud centre next to Stockholm’s international airport. The startup, which intends to create a green rival to Amazon Web Services (AWS), wants to provide the largest AI infrastructure in Europe to help clients that cannot use other US-based services because of security concerns. “We wanted to build a sovereign and sustainable cloud for Europe. Now we believe that we can build a better cloud [than AWS and Google]”, says evroc’s founder Mattias Åström. As a first step for its €3bn investment goal, evroc is now raising €600m in a combination of venture capital, debt and grants for its flagship data centre.

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