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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
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Here’s What IBM and Google Are Doing to Take on Intel

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Reuters
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Michelle Toh
Michelle Toh
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By
Reuters
Reuters
and
Michelle Toh
Michelle Toh
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October 14, 2016, 3:37 AM ET
CeBIT 2011
HANOVER, GERMANY - FEBRUARY 28: A woman walks past the IBM logo at the CeBIT technology trade fair the day before the fair's official opening on February 28, 2011 in Hanover, Germany. CeBIT 2011 will be open to the public from March 1-5. (Photo by Sean Gallup/Getty Images)Sean Gallup/Getty Images
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Technology giants IBM (IBM), Google (GOOGL), and seven others have joined hands to launch an open specification that can boost datacenter server performance by up to ten times, to take on Intel (INTC).

The new standard, called Open Coherent Accelerator Processor Interface (OpenCAPI), is an open forum to provide a high bandwidth, low latency open interface design specification.

The open interface will help corporate and cloud data centers to speed up big data, machine learning, analytics and other emerging workloads.

The consortium plans to make the OpenCAPI specification available to the public before the end of the year and expects servers and related products based on the new standard in the second half of 2017, it said in a statement.

Intel, the world’s largest chipmaker, is known to protect its server technologies and has chosen to sit out of the new consortium. In the past also, it had stayed away from prominent open standards technology groups such as CCIX and Gen-Z.

“As artificial intelligence, machine learning and advanced analytics become the price of doing business in today’s digital era, huge volumes of data are now the norm,” Doug Balog, general manager for IBM Power, told Reuters.

“It’s clear that today’s datacenters can no longer rely on one company alone to drive innovation,” Balog said.

Advanced Micro Devices (AMD), Dell EMC (DVMT), , Hewlett Packard Enterprise (HPE), Mellanox Technologies (MLNX), Micron Technology (MU), NVIDIA (NVDA), and Xilinx (XLNX) are also members of the the OpenCAPI consortium.

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