Enterprise migration, public company disclosures, nuclear power, global expansion activity, GPUs
A busy week saw some interesting public disclosures around cloud computing in annual shareholder letters, developments around nuclear energy, hyperscale expansion activity and more capital raising in the GPU cloud space.
AWS and JPMorgan Chase are obviously different companies, but both of their CEOs shared interesting data points about cloud in their annual letters to shareholders. Andy Jassy shared factoids about cloud infrastructure demand, while Jamie Dimon shed light on JPMorgan Chase’s migration to cloud, which is still in progress and has not yet reached the finish line.
As power constraints continue to put pressure on data capacity planning, the conversation around alternative sources of power continues to get louder. We saw AWS’s purchase of Talen Energy’s nuclear powered data centre assets just a few weeks back, and the latest development saw Equinix come to an agreement with Oklo to procure up to 500MW of nuclear power.
Meanwhile, there was more data centre expansion activity and not surprisingly, much of it was driven by hyperscale cloud. Microsoft is assembling land in Columbus where hyperscalers are aggressively self-building, but also evaluating colocation options as oeprators circle the market looking for land and power. In other markets, Google is building a new campus in Belgium, Microsoft is investing heavily in Japan and AWS is planning a cloud infrastructure region in Berlin, Germany. Data centre operators were busy as well, with Vantage set to open a second campus in Zurich, Goodman building in western Sydney and Equinix and PGIM forming a JV for an xScale build in Silicon Valley.
The GPU cloud sector continues to gain momentum and Foundry was the latest to raise capital. It closed a Series A worth $80m and is looking to differentiate by building an orchestration platform that helps end users optimize spending and consumption of GPU-based cloud infrastructure.
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