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As the telecom industry moves towards hybrid cloud to facilitate more reliable 5G services, there is a growing decentralisation of compute resources and data across various environments, from core datacenters to the edge and the cloud.

Through this partnership with Red Hat, stc Group aims to reduce ownership costs and launch new edge and 5G services for the enterprise market.

The fund will be used to facilitate the expansion of cloud security startup Prowler engineering, sales, and marketing teams, enhance its operations, and promote product innovation.

Max Life Insurance said that it has migrated its mission-critical database workloads to Oracle's Exadata Database Service, hosted on the Oracle Cloud Infrastructure (OCI).

With the aim to bolster its secure networking capabilities across public clouds, Cisco announced its plans to acquire Isovalent, a Swiss-based company specialising in cloud-native networking and security.

Lenovo has announced a major enhancement to its hybrid cloud platform, focusing on improved support for Artificial Intelligence (AI) applications.

"AMD is fostering AI everywhere – from the cloud, to the enterprise and end point devices – all powered by our CPUs, GPUs, accelerators and AI engines," said Vamsi Boppana, Senior Vice President, AI, AMD.

Fortinet said that this strategic collaboration allows it to utilise Google Cloud’s extensive global network edge locations, enhancing connectivity and ensuring 99.99% service availability.

The current projections set the Cross-Cloud Analytics market on a path to touch the $8.6 billion mark by 2023. If this trajectory maintains, we're looking at an astounding $59.8 billion valuation by 2033, at CAGR of 21.3%.

Despite the economic challenges faced globally, the Asia Pacific region, remains the "biggest driver of global growth in 2023, says Rahul Sharma, Regional Managing Director, APJ, Public Sector, Amazon Web Services (AWS).