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Snowflake Finance VP Says Big Companies Migrate at a Glacial Pace

3 months 1 week ago
Snowflake's growth among large enterprise customers faces a significant bottleneck tied to the sluggish replacement cycles of existing on-premises data warehouse systems, according to finance vice president Jimmy Sexton. Speaking at a Jefferies conference, Sexton explained that while the cloud data company secured two deals worth more than $100 million each in the financial services sector during its latest quarter, such migrations unfold over multiple years as "cumbersome projects."

Read more of this story at Slashdot.

msmash

Musk's smog-belching Colossus datacenter slammed by civil rights group

3 months 1 week ago
NAACP claims that 'temporary' gas turbines were an attempt to get around environmental laws

Elon Musk's smog-belching Colossus AI datacenter in Memphis, Tennessee, is once again catching heat, this time from the National Association for the Advancement of Colored People (NAACP), which urges local authorities to halt operations and fine the startup for what it sees as a "clear" violation of the Clean Air Act.…

Tobias Mann

ISP Settles With Record Labels That Demanded Mass Termination of Internet Users

3 months 1 week ago
An anonymous reader shares a report: Internet service provider Frontier Communications agreed to settle a lawsuit filed by major record labels that demanded mass disconnections of broadband users accused of piracy. Universal, Sony, and Warner sued Frontier in 2021. In a notice of settlement filed last week in US District Court for the Southern District of New York, the parties agreed to dismiss the case with prejudice, with each side to pay its own fees and costs. The record labels and Frontier simultaneously announced a settlement of similar claims in a Bankruptcy Court case in the same district. Frontier also settled with movie companies in April of this year, just before a trial was scheduled to begin. (Frontier exited bankruptcy in 2021.) [...] Regardless of what is in the agreement, the question of whether ISPs should have to crack down more harshly on users accused of piracy could be decided by the US Supreme Court.

Read more of this story at Slashdot.

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Marvell Is Saved By The AI Boom, But Every Deal Is Tough

3 months 1 week ago

Marvell Technology made some big bets about delivering chip packaging and I/O technologies to the hyperscalers and cloud builders of the world who want to design their own ASICs but who do not have the expertise to get those designs across the finish line into products. …

Marvell Is Saved By The AI Boom, But Every Deal Is Tough was written by Timothy Prickett Morgan at The Next Platform.

Timothy Prickett Morgan