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Rackspace Technology

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business2 months ago•3 min saved

Rackspace bets on AMD-powered AI cloud, lifting shares

Rackspace Technology finalized a deal to power its AI cloud with AMD hardware, making AMD Instinct GPUs and EPYC CPUs the main components and rolling out 30 megawatts of capacity by 2028 as the company pivots to managed AI cloud services. The move accompanies a 15% global workforce realignment, and comes as Rackspace has surged about 500% in 2026; the news spurred intraday stock gains (though AMD slid on the day) and follows other AI partnerships with Palantir, underscoring the company’s push into AI cloud offerings.

via Barron's|

#ai-cloud #amd #business

technology2 months ago•12 min saved

Rackspace and AMD strike 30 MW AI compute deal, sending stock higher

Rackspace Technology shares jumped about 30% after announcing a definitive agreement with AMD to deploy 30 megawatts of AMD-powered AI computing infrastructure across its global data-center network through 2028, featuring AMD Instinct GPUs and EPYC CPUs within the Enterprise AI Cloud to support regulated industries, with a joint sales push to accelerate enterprise adoption of the new managed AI infrastructure.

via Yahoo Finance|

#ai-infrastructure #amd #artificial-intelligence