The fast-evolving world of modern-day technology is proving to be a truly powerful ally in these challenging times. It’s true that all eyes are turning towards the economy, and experts are preparing for the unknown. In contrast, tech firms are thriving despite the looming crisis. Read more in the latest Hentsu weekly tech news round-up.
Bank of America: These 5 Trends Emerged from Companies’ first-quarter Earnings Reports
Enterprise-level business operations are adapting to the COVID-19 crisis. Companies are zeroing in on stay-at-home work efficiency. But how is the global economic reacting? Well, to kick off, economists are forecasting the hardest coronavirus fallout throughout Q2, thus shaping investor actions moving forward.
Here are two snippets:
“The trend has continued into the current quarter, with certain industries quickly returning to past highs. Tech, in particular, has thrived as investors bet on such firms to ride out the pandemic.”
“The team of strategists expects a more severe profit slump, with per-share earnings diving 29% before recovering over a longer period of time. The metric will only land between $145 and $155 in 2021 and not return to past highs until the following year, they added. The market rebound could face stronger volatility if such a projection materializes and analysts’ lofty estimates are revised lower.”
News via BI.
New AMD EPYC-powered Cloud Instances Purpose-built for Intensive Workloads
There’s an even more powerful cloud on the horizon and it’s coming from the collaboration of industry giants AWS and AMD. AWS announced back in March 2020, that new cloud instances are powered by second gen AMD EPYC chips. In a nutshell, new instances are underpinned by AMD EPYC Rome processors, which can handle memory-intensive cloud computing workloads, including batch processing, analytics, data transformations and web applications.
Have a look: “According to Amazon, the Elastic Compute Cloud (EC2) C5a instances cost 10% less than comparable services and also become the cheapest product per x86 virtual CPU of any in the EC2 family.
News via TechRadar.
The Future of Cloud Gaming
As it turns out the cloud space may prove to be tremendously valuable to the ever-growing market of modern-day video games. Shifting gaming to the cloud should warrant richer playing experiences and provider opportunities. That’s right, having the powerful cloud infrastructure behind gaming has massive potential. Google already had a jab at this with its Google Stadia console, but there’s more to it, of course.
Here’s a sample: “With more than 2.5 billion gamers worldwide, the opportunity and the impact may be considerable. Cloud gaming could eliminate the need for specialized consoles while allowing gamers to play any game from almost any device; it could enable game companies to develop richer experiences supporting far more players; it could drive telecoms, internet service providers, and content delivery networks to significantly expand their capabilities while stoking demand for 5G; and it could shift the balance of power across the video game industry, placing top cloud gaming providers at the hub of the distribution pipeline.”
News via Deloitte.
Researchers Squeeze 44.2 Tbps Through Existing Fiber Optic Cables – Connection to Affect Cloud Computing
While a lot of the market may be satisfied with current standards, various projects have kicked off with the attention of improving connections speeds. In the long run, this is vastly going to improve communication.
“What our research demonstrates is the ability for fibers that we already have in the ground…to be the backbone of communications networks now and in the future,” reveals Bill Corcoran of Monash University.
More importantly: “While today’s users probably don’t need a 44.2 Tbps connection, that speed could be leveraged by businesses, especially as companies adopt trends like IoT and cloud computing. Plus, as web content becomes richer and more consumer industries shift online, it’s only a matter of time before the average user needs faster speeds.”
News via Engadget.