CoreWeave, a cloud computing and AI company, has chosen DDN Storage to power its accelerated computing and AI services. This move will allow CoreWeave to provide faster and more reliable services to its customers. DDN Storage is a leader in high-performance storage solutions, and its technology will enable CoreWeave to deliver the best possible performance and reliability. This partnership will help CoreWeave to further expand its services and reach new customers.

The global cloud computing market is expected to experience a rapid growth in the coming years, according to a report by ABNewswire. The market size is predicted to increase from USD 545.8 billion in 2022 to USD 1,240.9 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 17.9%. This growth is attributed to the increasing demand for cloud-based services from various industries such as BFSI, retail and consumer goods, telecommunications, IT and ITeS, and manufacturing. Major players in the market include AWS (US), Microsoft (US), IBM (US), Google (US), Alibaba Cloud (China), SAP (Germany), Salesforce (US), Oracle (US), Adobe (US), Workday (US), Fujitsu (Japan), VMware (US), Rackspace (US), DXC (US), Tencent Cloud (China), NEC (Japan), DigitalOcean (US), Joyent (US), Virtustream (US), Skytap (US), OVH (France), Bluelock (US), and IFS (Sweden).

Oxide, a cloud computing hardware company, recently raised $44 million in a Series B funding round. The money will be used to help the company create new on-premises cloud computing hardware. This new hardware will allow companies to reduce their reliance on public cloud services, while still taking advantage of the benefits of cloud computing. According to ITPro Today, this new hardware could help companies save money and increase their security.