UPDATED 08:10 EDT / SEPTEMBER 06 2016

NEWS

What you missed in Cloud: Investing in growth

The industry’s top cloud providers regularly release new features and services to stay ahead of the market. Last week, Amazon was revealed to be developing a new type of cloud instance called the P2 as part of its competitive efforts that will be based on Nvidia Corp.’s speedy K80 GPU.

The anonymous insider who leaked word of the project to VentureBeat said that users will be able to configure virtual machines in the series with up 16 graphics cards, 64 vCPUs and 758 GiB of RAM. Seeing how the K80 is marketed as a general-purpose workload accelerator, the instances will likely be able support most of the artificial intelligence and high-performance computing applications that Nvidia’s chips are commonly used for in the enterprise. Amazon is presumably banking on the P2 to up the ante against rivals like IBM Corp. that currently offer a broader variety of GPU-based hardware options to customers.

Meanwhile in the call center automation space, the market leaders are also investing heavily to maintain their competitive positions amid the growing shift to cloud-based solutions. Genesys Telecommunications Laboratories Inc. led the charge last week by signing a $1.4 billion agreement to buy Interactive Intelligence Group Inc., a rival that’s the process of switching to a software-as-a-service business model. The deal will allow the latter company to carry out its plans without pressure from investors while putting Genesys in a better position against competitors like Israel’s Nice Ltd. that are also scaling their operations.

The acquisition was announced against the backdrop of C3 IoT Inc., the startup led by billionaire Thomas Siebel. raising $70 million from a group of backers led by TPG Growth to drive the adoption of its platform-as-a-service offering. What sets the software apart from the numerous alternatives out is that it’s specifically built for powering applications that process machine-generated data. It’s used mainly by utilities and other industrial companies to analyze the logs generated by their infrastructure.

Image via StockSnap

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU