Veeam Software Group GmbH today announced a definitive agreement to acquire Securiti Inc. for $1.725 billion, by far the largest purchase made by the company to date. Though Veeam has made many acquisitions under the tenure of Chief Executive Anand Eswaran (pictured), this is the first in the security market. As a data protection company, Veeam can be thought of as “security-adjacent,” but now squarely enters the artificial intelligence cybersecurity race.
At IBM Corp.‘s TechXchange 2025 event last week in Orlando, Florida, artificial intelligence was the primary theme, as it is at every event today. But the messaging and announcements from this conference were about getting customers over the hump and moving AI from vision to adoption.
I attend more than my fair share of events every year, but my favorite is the Global Citizen Festival in New York City. For those not familiar with it, it’s an international education and advocacy organization dedicated to ending extreme poverty and its system causes. The goal of Global Citizen is to end extreme poverty by 2030.
It seems every day there’s a new announcement regarding an economic event with artificial intelligence. Recently, Nvidia Corp. made an investment in OpenAI and then OpenAI turned around and took a stake in Advanced Micro Devices Inc. Then there was the $6.3 billion deal between CoreWeave Inc. and Nvidia. Why so much activity?
Cisco Systems Inc. today announced its 8223 routing system, powered by its new Silicon One P200 chip — a new network system designed to unlock artificial intelligence’s potential through massive scale. Earlier this year, Nvidia Corp. introduced the concept of “scale-across” architectures as AI is now hitting the limits of a single data center. A “unit of compute” was once a server then evolved into a rack and then the entire data center.