Five Minute Briefing - Information Management
November 1, 2024
Five Minute Briefing - Information Management: November 1, 2024. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
News Flashes
GMI Cloud, a leading AI-native GPU cloud provider, is announcing the results of its Series A funding round, having raised $15 million in equity funding and $67 million in debt financing. This funding round—led by Headline Asia with participation from Banpu Next and Wistron Corporation—propels GMI Cloud's expansion in the U.S. and its strategic vision to power the AI-driven future with advanced GPUs and cloud infrastructure.
As VMware closes in on its one year anniversary of joining Broadcom, Broadcom is debuting the latest evolutions of the VMware Cloud Foundation (VCF) portfolio. Geared toward maintaining a powerful, valuable, enterprise-grade HCI solution for its customers, the updates to VCF reflect Broadcom's continued commitment toward robust vision execution within its innovation roadmap, according to the company.