Cloud Growth and AI: DigitalOcean's Winning Formula Explained

Quick Summary:

IT infrastructure can be built from the ground up by buying servers, networking equipment, storage equipment, including hard drives and solid-state drives (SSDs) and software, including operating systems middleware, not to mention hiring a talent to manage and operate it.

DigitalOcean Holdings Inc.(NYSE: DOCN) is a cloud infrastructure on-demand provider that enables enterprises and developers to construct, develop, deploy, and scale applications in an affordable and scalable manner.

When adding artificial intelligence (AI) capabilities like models, training and inferencing, the costs rise exponentially, especially with NVIDIA Co. GPUs and servers that can cost over $100,000 each.

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Article Details

Author / Journalist: MarketBeat

Category: Technology

Markets: United States

Topics: Guidance Earnings Beats Trading Ideas Markets Technicals Contributors News Price Target Analyst Ratings DOCN Tech Earnings AI Mid Cap

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 20:43:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 787 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22935158

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 33 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #53

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