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Nebius Announces a Multi-year Deal with Microsoft

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Nebius Announces a Multi-year Deal with Microsoft

Nebius Announces a Multi-year Deal with Microsoft

Nebius share jumps after the multi-billion-dollar Microsoft deal triggers a 6.6% boost for rival, CoreWeave.

There have been incessant discussions around what AI is capable of. The thirst and will to build more intelligent, faster, and agile models have observably become insatiable.

But little do they realize the well of computing power that each machine learning application and foundational model actually demands.

Across several countries, there are hundreds of data centers with servers that power your AI systems. And the hunger to unlock AI’s unimaginable potential has led to an unquenching demand for more data centers, and ultimately more computing power.

This is what underpins Microsoft’s latest alliance with Nebius, an Amsterdam-based tech firm.

Here are the tidbits.

The company, spun from the Russian Internet giant Yandex, develops GPUs to train AI models. Under this multi-year contract, the objective is to provide cloud computing power to support AI workload.

Following this arrangement, Microsoft will also receive additional cloud computing capacity. And a consistent supply of AI infrastructure to keep its momentum in the AI race.

On the other hand, the rising demand for Gen AI models can also encourage Microsoft to boost its need for compute power. This could easily result in $17.4 billion deal turning into $19.4 billion one.

It remains a future possibility, as the speculations assert.

For now, Wall Street’s cheers for Nebius sent its shares soaring almost 55% to $99.2 on Tuesday. And if the gains hold, it could add over $7.7 billion to the existing $15.3 billion market capitalization.

Where’s the market headed?

According to McKinsey & Company, the situation is about to turn even more dire- by 2030, data centers will potentially require $6.7 billion to keep pace with the demand for computing power. The race to clasp on to as much data center capacity as possible is on.

And it doesn’t show signs of slowing down in the near future.

With the AI boom widespread across the world, and superpowers such as China and the US competing in the race, the demand is only projected to surge.

Today's rapidly growing digital-first landscape has elevated concerns around data privacy and security. From marketing to the SaaS landscape, this trend has etched itself into the future rulebooks. The thing is, data security isn't a trend. It's a gross dilemma. In recent developments, Hitachi Solutions has covered new heights. It developed a solution to overcome significant challenges in cloud interoperability across the public sector. All in a creative collaboration with Microsoft. Government bodies hold highly sensitive information, of citizens and businesses alike. And your phone numbers and physical addresses are merely the tip of the iceberg. These could easily be a target point for nation-states and cybercriminals. For a body with such a valuable database, data security often goes overlooked. Or at least, not as spotlighted as it should be. Why so? It's substantially due to immense budget constraints, outdated systems, a shortage of talent, and, significantly, the interconnected nature of govt. Services. These elements have hijacked the public sector's progress. These gaps have made the government organizations too vulnerable to hacking. So, Hitachi Solutions and Microsoft have engineered an innovative fix. One that retains the full value of Microsoft's AI tech to unlock more modern and responsive solutions for UK citizens- Secure multi-cloud operability for public institutions to help safeguard their data and accelerate responsiveness. Its chief capabilities comprise: • Private access within Microsoft business apps, AWS, and GCP databases. • Bi-directional data integration without any public internet exposure. • Zero-trust and scalable infrastructure that aligns with the UK's security frameworks. • Maximum use of existing assets doesn't facilitate data duplication. This innovative feat will aid the UK's public bodies in sharing and transferring sensitive public data by connecting systems, while ensuring compliance with requirements. The workflows and data that remain across different environments, such as GCP, Azure, AWS, and Oracle, can now be amalgamated into one. Expensive cloud migrations, primitive tools, and manual workloads are a hitch in the government's cloud operability. But Hitachi's solution is a saving grace. This secure multi-cloud connector facilitates Microsoft apps to access data across GCP, AWS, or Oracle environments in real-time. This is achieved through a private connection that doesn't require any duplication or public Internet access. "The flexibility to use the right tool for the job regardless of where data resides is essential for modern, efficient public services," chimes in the Commercial Director, Government for Hitachi Solutions. Hitachi Solutions' Secure Multi-Cloud Connector Transforms Govt. Cloud Interoperability
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Hitachi Solutions’ Secure Multi-Cloud Connector Transforms Govt. Cloud Interoperability

Hitachi Solutions’ Secure Multi-Cloud Connector Transforms Govt. Cloud Interoperability

With the public sector more vulnerable to hacking, compliance came before innovation. But Hitachi’s new solution might just be the catalyst for change.

Today’s rapidly growing digital-first landscape has elevated concerns around data privacy and security. From marketing to the SaaS landscape, this trend has etched itself into the future rulebooks.

The thing is, data security isn’t a trend. It’s a gross dilemma.

In recent developments, Hitachi Solutions has covered new heights. It developed a solution to overcome significant challenges in cloud interoperability across the public sector. All in a creative collaboration with Microsoft.

Government bodies hold highly sensitive information, of citizens and businesses alike. And your phone numbers and physical addresses are merely the tip of the iceberg. These could easily be a target point for nation-states and cybercriminals.

For a body with such a valuable database, data security often goes overlooked. Or at least, not as spotlighted as it should be. Why so? It’s substantially due to immense budget constraints, outdated systems, a shortage of talent, and, significantly, the interconnected nature of govt. Services. These elements have hijacked the public sector’s progress.

These gaps have made the government organizations too vulnerable to hacking.

So, Hitachi Solutions and Microsoft have engineered an innovative fix. One that retains the full value of Microsoft’s AI tech to unlock more modern and responsive solutions for UK citizens-

Secure multi-cloud operability for public institutions to help safeguard their data and accelerate responsiveness. Its chief capabilities comprise:

  • Private access within Microsoft business apps, AWS, and GCP databases.
  • Bi-directional data integration without any public internet exposure.
  • Zero-trust and scalable infrastructure that aligns with the UK’s security frameworks.
  • Maximum use of existing assets doesn’t facilitate data duplication.

This innovative feat will aid the UK’s public bodies in sharing and transferring sensitive public data by connecting systems, while ensuring compliance with requirements. The workflows and data that remain across different environments, such as GCP, Azure, AWS, and Oracle, can now be amalgamated into one.

Expensive cloud migrations, primitive tools, and manual workloads are a hitch in the government’s cloud operability.

But Hitachi’s solution is a saving grace. This secure multi-cloud connector facilitates Microsoft apps to access data across GCP, AWS, or Oracle environments in real-time. This is achieved through a private connection that doesn’t require any duplication or public Internet access.

“The flexibility to use the right tool for the job regardless of where data resides is essential for modern, efficient public services,” chimes in the Commercial Director, Government for Hitachi Solutions.

This remains an explicitly forward-thinking step for Hitachi Solutions.

One that’ll help public institutions across the UK overcome their innovation lag and ensure compliance.

Blue-Screen-of-Death-website
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The Blue Screen of Deaths

The Blue Screen of Deaths

Microsoft’s outage disrupted many industries, stating our reliance on technology. How deadly was this blue screen to companies worldwide?

A recent worldwide IT shutdown caused by a defective update shocked essential services around the globe, emphasizing our reliance on technology and the possible risks of software malfunctions and security breaches. The disturbance started on a Friday morning and impacted various sectors, including airlines, banks, and healthcare systems.

Domino Effect of The Blue Screen of Death

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The culprit was a malfunctioning update to CrowdStrike Falcon Sensor, an antivirus program commonly integrated with Microsoft products. While not a cyberattack, the incident demonstrates the cascading impact software glitches can have on global operations.

A wide range of Microsoft services were impacted, including:

  • Microsoft Teams
  • Windows 365
  • OneDrive
  • Outlook
  • Xbox App

Businesses Scramble as Microsoft Works to Resolve

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Source

It took Microsoft roughly six hours to publicly acknowledge the outage. Since then, the company has likely identified and addressed the underlying cause. Their focus is now on the complete restoration of services and user support.

It took Microsoft roughly six hours to publicly acknowledge the outage. Since then, the company has likely identified and addressed the underlying cause. Their focus is now on the complete restoration of services and user support.

Lessons Learned: Vulnerability and Prevention

This incident serves as a stark reminder of two key points:

  1. Our Dependence on Technology: Modern society is deeply reliant on technology, and disruptions like this can have significant consequences.
  2. Vulnerability in Interconnected Systems: The interconnectedness of systems creates vulnerabilities. A seemingly minor issue in one program can have a rippling effect across entire industries.

The investigations continue, and the companies are eager to understand the exact cause of the CrowdStrike update failure. It will be crucial to implement preventative measures to avoid similar disruptions in the future.

If anything, the outage is a testimony to our reliance on these technologies that have become a part of our lives, and it is nearly impossible to live without them. Even after the massive losses the companies incurred, they cannot stop using the tools that caused it. Why? Because of the trust built over the years and the lack of better alternatives.

The question arises, is your team ready with a contingency plan in these unforeseen circumstances? Did you nearly escape the blue screen of death, or were you able to keep its hands far away from your throat?