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Market Overview

The Iaas/Hosting Infrastructure Services Market was experiencing rapid growth and was expected to keep expanding in the upcoming years. IaaS refers to outsourcing computing infrastructure such as servers, storage, networking, and other resources to third-party providers who make them accessible online to clients.

The market for IaaS and hosting infrastructure services is highly competitive, with several major players such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). These firms have invested heavily in building out their cloud infrastructure to offer a range of services to businesses of all sizes.

In 2022, the global Iaas/Hosting Infrastructure Services Market was valued at USD 82.0 Bn and is forecast to reach USD 960.0 Bn by 2032,…

Traveling knows know gender.

This fact  was ther highlight at Airbnb’s inaugural #WomenInTravel industry dialogue that celebrated the power of Filipino women in late February, a few days before International Women’s Month.

It featured five speakers who discussed how traveling challenged stereotypes and broke boundaries, as more women take action to uplift and empower new generations of Filipinas in the travel and tourism industry.

Among the guest speakers were Mich Goh, Airbnb’s head of Public Policy for Southeast Asia, India, Hong Kong, and Taiwan; Quezon City Mayor Joy Belmonte; Anne Jeaneth Casalme, Philippine Commission on Women Gender and Development representative; Noelle Wenceslao,…

Jio Platforms has bagged a Rs 350-crore contract to manage and enhance the cloud services of the government’s National Informatics Centre (NIC), sources told ET.

The Reliance Industries Group firm has been selected to enhance NIC national cloud services and will be deployed at the National Data Centre in Delhi, Pune and Bhubaneswar. NIC is the government’s technology backbone. Jio’s contract includes five years of onsite maintenance.

“Jio has won the tender and has started working on it,” a source from Jio told ET. “We are starting with managing their cloud services in Bhubaneswar and Hyderabad. NIC Services Inc. (NICSI) had requested proposals from Indian cloud partners for managing NIC cloud solutions under Meghraj 2.0.”

“They sought a system integrator for enhancing…

Artificial intelligence (AI) is one of the newest and most exciting fields in technology, and many start-ups are vying for market share. However, competition is fierce and businesses that cannot sustainably generate revenue risk disappearing. This is the case with Stability AI, a startup company that has built a great reputation thanks to its open source image generator, Stable Diffusion.

Funding and leadership issues

Stability AI has raised $100 million in the past year, but has spent a lot of those funds without being able to generate enough revenue to offset high server costs and rapid employee recruitment around the world. This has prompted the company to search for new executives who can help with sales and generate much-needed revenue.

However, it’s not just funding issues…