Akamai Takes Cloud Computing To The Edge
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies (NASDAQ:AKAM) announced its new initiative, Gecko, aiming to integrate cloud computing capabilities into its edge network, making it the world's most distributed cloud computing platform. Gecko is designed to bring workloads closer to users by leveraging Akamai's extensive edge network, enhancing performance and reducing latency for applications requiring high-speed data processing. This move aligns with increasing demand for distributed cloud services and positions Akamai to capitalize on emerging technology trends such as AI, gaming, and IoT. The initiative follows Akamai's acquisition of Linode and the expansion of its cloud computing regions, furthering its vision for a connected cloud that combines the power of cloud computing with the efficiency of edge networks.
February 13, 2024 | 9:21 pm
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Akamai Technologies announces Gecko, a new initiative to embed cloud computing into its edge network, aiming to enhance its cloud computing platform's performance and scalability.
The announcement of Gecko by Akamai is likely to be viewed positively by investors and customers, as it signifies Akamai's commitment to innovation and its ability to meet the growing demand for distributed cloud services. By integrating cloud computing capabilities directly into its edge network, Akamai is not only expanding its service offerings but also enhancing its competitive edge in the cloud computing market. This strategic move, coupled with the increasing demand for distributed cloud services as indicated by the ClearPath Strategies study, suggests a potential for increased customer adoption and revenue growth, which could positively impact Akamai's stock price in the short term.
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