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Meta creates ‘Business AI’ group led by ex-Salesforce AI CEO Clara Shih

CIO Business Intelligence

From the start, Meta has made the Llama models available to other enterprises under a license it describes as “open source,” but the creation of the new business group makes clear that Meta’s interest is commercial, not philanthropic. Meta also has a veto on competitors using Llama for anything too big: The Llama 3.2

Groups 328
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NASA overspent $15 million on unused Oracle licenses as it failed to track usage

CIO Business Intelligence

The report attributes the huge over-expenditure to vendor lock-in and NASA’s unwillingness to risk a license audit by Oracle because of its lack of visibility into software management. These challenges expose the agency to increased costs because of penalties for violations of software licensing agreements, the report showed.

Licensing 306
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Singapore’s New Digital Banks Will Change The Banking Landscape Forever, Maybe

Forrester IT

In a landmark announcement made on December 4, 2020 Singapore’s Monetary Authority (MAS) awarded banking licenses to four players, two of which will serve the retail banking market using a digital full bank license (DFB). known for […].

Banking 312
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Gartner projects major IT spending increases for 2025

CIO Business Intelligence

The software spending increases will be driven by several factors, including price increases, expanding license bases, and some AI investments , says John Lovelock, distinguished vice president analyst at Gartner. “We Data center spending will increase again by 15.5% trillion, Gartner projects.

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The US Leads In Public Cloud Services, But Other Regions Are Catching Up

Forrester IT

Rymer published their latest public cloud services outlook, The Public Cloud Services Market Will Grow Rapidly To $236 Billion In 2020 ,projecting 22% annual growth in public cloud services over the 2015-to-2020 period.

Cloud 322
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5 reasons the enterprise data center will never die

CIO Business Intelligence

Theres still enough spending by enterprises on servers, licensed software, and the skill sets they need to maintain and operate the environment that currently exists. And to be fair to the now-retired Cappuccio, no one could have predicted game-changing events like a global pandemic in 2020 or the release of ChatGPT in 2022.

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11:11 Systems: Empowering enterprises to modernize, protect, and manage their IT assets and data

CIO Business Intelligence

In 2020, 11:11 CEO Brett Diamond noticed a gap in the market. We also offer flexible month-to-month bridge licensing options for existing hardware, giving customers time to make informed long-term decisions for their business. Diamond founded 11:11 Systems to meet that need – and 11:11 hasn’t stopped growing since.

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