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Rising cloud costs leave CIOs seeking ways to cope

CIO Business Intelligence

Several factors appear to be driving cloud cost increases, including inflation, a rush to deploy compute-hungry AI , and energy costs, says Mark Boost, CEO of Civo, which bills itself as a low-cost competitor to the big three hyperscalers. Cloud costs have risen for many of CGI’s customers in the past year.

Cloud 137
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Powering the future: How Gen AI and AI illuminate utility companies

CIO Business Intelligence

While international conflict, economic uncertainty and climate change are affecting businesses of all kinds, energy companies and utilities are also dealing with aging infrastructure, constant cyberattacks, increased regulation and rising customer expectations. How can AI and generative AI help?

Company 136
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3 ways to advance sustainability in high performance computing

CIO Business Intelligence

The supercomputers that power HPC, however, require more and more energy to operate. Dollars are moving to purchasing new energy-efficient hardware or devoting resources to optimization efforts or changing where HPC workloads are run. Dell Technologies, NVIDIA, and Intel are supporting these organizational efforts.

Dell 104
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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. Given existing relationships with Webster Bank, that includes AWS and Microsoft. User behavior could change so much that people don’t think of banks, but the payment app they are using,” says Nafde.

How To 133
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Industry clouds lay foundation for innovation

CIO Business Intelligence

“It’s an accelerator, with pre-defined data models and workflow, so your scarce resources don’t have to re-create capabilities that are common to everyone in your industry, and you can focus your energies on things that will differentiate your brand,” says Kate Leggett, vice president and principal analyst at Forrester Research. Key Bank. “It

Industry 133
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Gen AI without the risks

CIO Business Intelligence

Sajjad Moazeni of the University of Washington calculates that training an LLM with 175 billion+ parameters takes a year’s worth of energy for 1,000 US households. Answering 100 million+ generative AI questions a day can burn 1 Gigawatt-hour of electricity, which is roughly the daily energy use of 33,000 US households. Learn more. [1]

Intel 131
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GeekWire Summit 2021 recap: Leaders and luminaries share insights at our annual conference

GeekWire

Read all our full Summit coverage here , as well as stories from Business Insider , Bloomberg , CNBC , and Puget Sound Business Journal reporters. A big shout-out to Summit presenting sponsor Bank of America. Power Talk: Kendall Tyson, vice president of strategy & business intelligence at Seattle Kraken.