Cloud repatriation tendencies converse to enterprise AI consumption preferences
IT heavy-hitters Broadcom and HPE each introduced quarterly monetary outcomes this week, and each companies reported progress fueled by enterprise funding into AI infrastructure and attendant techniques.
Broadcom, recent off the heels of the VMware Discover occasion that targeted on cloud repatriation within the AI period, noticed Q3 income up 47% from the year-ago interval to greater than $13 billion.
CEO Hock Tan stated in a press release the outcomes “mirror continued power in our AI semiconductor options and VMware. We count on income from AI to be $12 billion for fiscal yr 2024 pushed by Ethernet networking and customized accelerators for AI information facilities.”
Learn this story for commentary from a Broadcom exec on the outlook for Ethernet, versus NVIDIA’s InfiniBand, for AI infrastructure networking. Broadcom’s full monetary outcomes can be found right here.
HPE reported 10% year-over-year quarterly internet income progress to $7.7 billion propped up by a 39% quarter-over-quarter “pushed by AI techniques income,” the corporate stated in a monetary presentation.
HPE appears throughout its portfolio at AI, together with its NVIDIA-enabled HPE Non-public AI answer, the mixing of NVIDIA NIM Agent Blueprints into the HPE Non-public Cloud AI answer, bringing AI-enabled community detection and response capabilities into Aruba Networking merchandise, and an AI Operations Copilot multi-vendor cloud observability and operations.
HPE CEO Antonio Neri stated in a press release that the “robust third quarter…mirror[s] our momentum in delivering on our edge-to-cloud technique throughout networking, hybrid cloud, and AI. We have now pushed significant innovation all through our portfolio, which will increase our relevancy with clients and positions us to proceed to ship worthwhile progress for shareholders.”