IBM has announced its plans to acquire the cloud infrastructure tools provider HashiCorp for $6.4 billion. The deal is expected to close by the end of 2024 and will enhance IBM’s position in the hybrid cloud and AI space. IBM CEO Arvind Krishna highlighted HashiCorp’s track record in managing infrastructure complexity and application proliferation. The … Read more
The iconic Dusit Thani hotel in Bangkok, once host to royalty and celebrities like Rod Stewart and Stevie Wonder, is being demolished and rebuilt as a grander, more luxurious property as part of the $1.3 billion Dusit Central Park development. The founder, Chanut Piyaoui, a pioneer of Thai hospitality, passed the reins to the first … Read more
Hewlett Packard Enterprise (HPE) has recently made a significant acquisition, purchasing Juniper Networks for $14 billion. This move has positioned HPE as a key player in the networking and telecommunications industries. With this acquisition, HPE is now focusing on expanding its presence in the growing market for artificial intelligence (AI) “inference” sales. AI inference refers … Read more
The Australian government has recently struck a major deal with Amazon Web Services (AWS) worth $2 billion. This agreement aims to develop a ‘top-secret’ cloud environment for highly sensitive government data. The partnership with AWS will enable the Australian government to enhance its capabilities in securely storing and managing confidential information. This move signifies a … Read more
The transportation management systems market is expected to experience significant growth, with projections indicating an increase from USD 16 billion in 2024 to USD 40.3 billion in 2029 at a compound annual growth rate of 20.2%. Key drivers of this growth include the use of cloud-based solutions, mergers and acquisitions in the industry, global trade … Read more
Amazon’s recent $US2 billion cloud services contract with the Australian government involves the construction of three data centres aimed at enhancing military intelligence and information sharing within the Five Eyes alliance. The deal with Amazon Web Services (AWS) is expected to bolster Australia’s interoperability with the US, UK, New Zealand, and Canada, providing advanced AI … Read more
Broadcom has been working to expand VMware‘s portfolio since completing the $61 billion acquisition of the virtualization software company in November, according to Broadcom President and CEO Hock Tan. The company is transitioning VMware to a subscription licensing model and expects to reduce VMware‘s quarterly expenses by $1 billion. Enterprise customers have faced significant changes … Read more
Amazon has recently announced plans to construct a new $1.3 billion cloud infrastructure specifically for the Australian government. This “secret cloud” project is expected to provide secure and sophisticated cloud services to various government agencies in the country. The decision to build this new cloud infrastructure comes as a response to the increasing demand for … Read more
Amazon founder Jeff Bezos is planning to sell nearly $5 billion worth of the tech giant’s stock as its share price reaches an all-time high. This move comes as Amazon joins the exclusive club of companies valued at $2 trillion, with shares surging 30 percent since the beginning of the year. The proposed sale of … Read more
Amazon has secured a $2 billion contract with the Australian Signals Authority to build a top-secret cloud for secure data storage of military intelligence in Australia. The agreement will enhance national security and defense capabilities and is expected to create over 2,000 jobs. The project aims to strengthen Australia’s intelligence and cyber defense, aligning with … Read more