Rackspace Technology signs MOU with AMD
The agreement establishes a framework for governed Enterprise AI Cloud using AMD GPUs and CPUs for regulated workloads. It introduces capabilities like Enterprise AI Cloud and Inference as a Service.
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Multicloud services provider for enterprise AI
rackspace.comLast updated
In short: Rackspace Technology shifted its focus to enterprise AI and sovereign cloud infrastructure, resulting in a workforce reduction of 750 positions.
The agreement establishes a framework for governed Enterprise AI Cloud using AMD GPUs and CPUs for regulated workloads. It introduces capabilities like Enterprise AI Cloud and Inference as a Service.
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Paul Soligon becomes SVP of Operations and Marco Tesini becomes SVP of International for the Private Cloud business unit.
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The cloud computing company expects the job cuts to save tens of millions of dollars to be reinvested in its AI and cloud services.
Rackspace Technology's $1.6 billion loan jumped after it signed a data center deal with AMD, extending a rally from distressed levels two months ago.
Detailed price information for Rackspace Technology Inc (RXT-Q) from The Globe and Mail including charting and trades.
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