SAP To Invest Over 20 Billion Euros In 'Sovereign Cloud' (cnbc.com) 18
SAP will invest over 20 billion euros ($23 billion) in European sovereign cloud infrastructure over the next decade. "Innovation and sovereignty cannot be two separate things -- it needs to come together," said Thomas Saueressig, SAP's board member tasked with leading customer services and delivery. CNBC reports: The company said it was expanding its sovereign cloud offerings to include an infrastructure-as-a-service (IaaS) platform enabling companies to access various computing services via its data center network. IaaS is a market dominated by players like Microsoft and Amazon. It will also roll out a new on-site option that allows customers to use SAP-operated infrastructure within their own data centers. The aim of the initiative is to ensure that customer data is stored within the European Union to maintain compliance with regional data protection regulations such as the General Data Protection Regulation, or GDPR.
[...] Saueressig said that SAP is "closely" involved in the creation of the new AI gigafactories but would not be the lead partner for the initiative. He added that the company's more than 20-billion-euro investment in Europe's sovereign cloud capabilities will not alter the company's capital expenditure for the next year and has already been baked into its financial plans.
[...] Saueressig said that SAP is "closely" involved in the creation of the new AI gigafactories but would not be the lead partner for the initiative. He added that the company's more than 20-billion-euro investment in Europe's sovereign cloud capabilities will not alter the company's capital expenditure for the next year and has already been baked into its financial plans.
Literally the the point of a cloud. (Score:1)
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I plan on offering software as a service as a service, AKA SaaSaaS. If I get too overwhelmed, I'll subcontract. Anyone interested in being a SaaSaaSaaS provider?
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meh, I think it's more likely to facilitate chatcontrol.
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There is not one kind of cloud, so there is not one point of a cloud.
Someone explain to me (Score:3, Interesting)
Look, I know I'm an old fart. I know I'm a curmudgeon too. And yes, it was almost 10 years before I gave up my wired keyboard and mouse for wireless (not entirely all my idea, it as part of [Secret Squirrel] requirements.) I am, however, a technophile - when I see the advantages to using tech. An example where I don't see an advantage is replacing the 90 cent stiff wire with $275 "motivators" (step motors) in automobile vents that go out of registration, then out of calibration, then go kaput. Requiring a new $275 dollar part and a $200 programming fee.
EACH.
What no one has been able to explain adequately to me is where the value of crypto is. (I know what is claimed, I think, but it still boils down to "it has value because people think it has value" - a circular argument that applies just as much to crypto as it does to any printed fiat currency.)
My base objection is that crypto, like a fiat currency, has zero intrinsic value. Unlike metals or gems, neither a printed bill or a bit wallet can be made into something else worth the value it represents. Bluntly, crypto is a mathematical answer to a question no one asked and no one can use. It's not like Maxwell's constant where the answer has a measurable, useful proof.
Fiat currency is regulated by established gate keepers that are accountable. Crypto is a wild west of pinky promise and cross my heart pledges as far as I can see.
To me, crypto has no value. So you could offer a billion coins to me for a buck and I'd still think I'd rather have the buck than a bunch of ones and zeros beause no one has adequately explained the value of crypto that I've run into.
Re:Someone explain to me (Score:4, Insightful)
"crypto, like a fiat currency, has zero intrinsic value"
Fiat currency can be used to pay your taxes. That's a function that crypto can't perform, and it creates the fundamental demand from which the rest of the demand for that currency ultimately flows. Every year, you have to come up with some quantity of fiat to avoid consequences from the tax collectors.
It'll be interesting to see what happens if a major government decides to allow tax payment in crypto, but until that happens you're right, the value isn't much different from how baseball cards are valued. It's just whatever someone will pay.
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Look, I know I'm an old fart. I know I'm a curmudgeon too. And yes, it was almost 10 years before I gave up my wired keyboard and mouse for wireless (not entirely all my idea, it as part of [Secret Squirrel] requirements.) I am, however, a technophile - when I see the advantages to using tech. An example where I don't see an advantage is replacing the 90 cent stiff wire with $275 "motivators" (step motors) in automobile vents that go out of registration, then out of calibration, then go kaput. Requiring a new $275 dollar part and a $200 programming fee.
EACH.
This, there are two types of fool in this world, the first says it is old therefore bad the second says it is new therefore bad.
I'm more than happy to get new things, however I'm also happy with my old things. I'm not getting a wireless keyboard any time soon because I'm a gamer and I like the simplicity (and low latency) of my wired peripherals. Same with headphones. Adding complexity for complexity's sake doesn't add value. Same with my cars, simple + light == cheap and fun. However I'll be updating my
I'm amazed no-one linked the borg icon (Score:4, Insightful)
Uncle Sam laughs at your sovereign cloud (Score:1)
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Access to the cloud is a separate issue.
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This type of legislation should cover anything with personal information.
That's cheap. Easily funded by ... (Score:2)
... 10 SAP Premium subscriptions or so.
New headline... (Score:2)
New headline: SAP looks to cash in on the EU's pearl clutching over American IT dominance.
God bless them. I hope they make trillions of euros overcharging, as the sole viable EU-based offering.
Geez, clueless slashdotters (Score:2)
So, you're just fine with all your private medical and financial information being stored, in say, eastern Europe, where hackers can get at it and hit you, right?