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Follow AI InfrastructureNetApp and Oracle have collaborated to launch a new fully managed storage service, integrating NetApp ONTAP data management capabilities natively into Oracle Cloud Infrastructure (OCI). This service aims to streamline the migration and management of critical AI and enterprise workloads in the cloud. It offers familiar storage operations accessible through the OCI Console and SDKs, simplifying cloud adoption for businesses.
Gartner forecasts that over $3.5 trillion in AI infrastructure spending could be impaired by 2030, citing insufficient enterprise and consumer AI revenue to support current capital expenditures. This could lead to over 80% of "neocloud" providers ceasing independent operations due to cost pressures and a lack of differentiated business models. The projection highlights potential economic risks within the rapidly expanding AI sector.