Nvidia accelerates its venture capital investments in cloud and AI software startups, taking an equity stake in Lambda Labs, a competitor to Amazon Web Services. The deal, worth potentially $300 million, signifies Nvidia’s growing interest in supporting startups in the cloud and AI software market while maintaining its leadership in data center chips for AI applications. Does this move suggest that we’re entering a new world of hyperscale competition?
0:31 – Lenovo Unveils New Storage Offerings
Lenovo has introduced a range of new storage solutions aimed at edge and AI workloads, including the new ThinkSystem DG all-flash array, updated ThinkSystem DM enterprise storage arrays, and ThinkAgile SXM Microsoft Azure Stack solution. Lenovo is also introducing an all-inclusive software suite called Unified Complete that bundles all their best features together at a single price, including ransomware protection and data management. How does Lenovo fit into the storage landscape?
Read More: Lenovo Unveils New Data Management Solutions to Enable AI Workloads
Read More: Lenovo revs up NetApp and Azure Stack systems
3:54 – Oort to be Acquired by Cisco
Cisco is looking to bolster their identity-based security offerings by picking up startup Oort. The Oort platform collects telemetry data about IAM solutions that are installed and looks for malicious activities. The watchdog solution is designed to prevent attackers from gaining a foothold and using the existing IAM system to persist in the environment. Oort has previously taken around $15 million in funding. Cisco is expected to close the deal by the end of October.
Read More: Securing Identity as the New Perimeter: Cisco Announces Intent to Acquire Oort
7:22 – Looking For a NUC Replacement
As we reported last week, Intel has ended their NUC mini-PC investment, prompting companies to look for alternatives. Scale Computing is teaming up with Simply NUC for edge systems, while Lenovo and other SFF makers are also under consideration. In a separate release, ASUS has signed a deal with Intel to support and develop NUC hardware in a new NUC business unit. What are we seeing here?
Read More: ASUS and Intel Agree on Deal for a NUC Future
Read More: ASUS Signs Agreement to Continue Development and Support of Intel’s NUC Business
11:07 – Broadcom Deal to Buy VMware Expected to Clear
It’s been a big week for mega acquisitions. The news out of the EU is that the Broadcom/VMware deal is expected to clear regulators and proceed. According to unnamed sources, the EU was able to obtain concessions from Broadcom to prevent them from causing harm to the market. These concessions ensure that VMware’s flagship software platforms will continue to be compatible with competior hardware. The move also ensures that Broadcom will not need to divest portions of VMware to meet regulatory requirements.
Read More: Broadcom-VMware Deal To Win EU Clearance After Pact: Reports
15:00 – NVIDIA and Lambda Labs Team Up
Nvidia accelerates its venture capital investments in cloud and AI software startups, taking an equity stake in Lambda Labs, a competitor to Amazon Web Services. The deal, worth potentially $300 million, signifies Nvidia’s growing interest in supporting startups in the cloud and AI software market while maintaining its leadership in data center chips for AI applications. Does this move suggest that we’re entering a new world of hyperscale competition?
Read More: Nvidia Accelerates AI Startup Investments, Nears Deal With Cloud Provider Lambda Labs
18:06 – China Hacks in Microsoft Through Cloud Flaw
Microsoft isn’t happy that they just got hacked again. That’s because 25 customers had their email systems improperly accessed by a Chinese hacking group. The boringly named Storm 0558 group managed to obtain one of the keys used to generate authentication tokens. That would have been bad enough but the key was used to sign consumer-level tokens. The Storm group was also able to take that signed token and use another exploit to make it able to sign in to enterprise-level accounts, including those from multiple agencies. The breach was detected in mid-June but the extent of the damage is still being determined.
Read More: How a Cloud Flaw Gave Chinese Spies a Key to Microsoft’s Kingdom
Read More: Microsoft mitigates China-based threat actor Storm-0558 targeting of customer email
22:12 – Hammerspace Finds Funding
Data orchestration company Hammerspace secured $56.7 million in its first funding round to enhance sales and marketing efforts for its software that manages and locates unstructured data elements across data centers and users. We’ve talked to Hammerspace for years, which was previously funded by insiders like founder David Flynn and angel investors. Does this round reflect a new day for the company?
Read More: Hammerspace, Inc raises $56.7 million in a first round of VC funding
25:00 – The Weeks Ahead
Networking Field Day 32 – July 26-27
Tech Field Day Extra at VMware Explore – August 21-23
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