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Rackspace Technology Joins AWS Generative AI Partner Innovation Alliance

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Rackspace Technology (NASDAQ: RXT) has joined Amazon Web Services' (AWS) new Generative AI Partner Innovation Alliance. This collaboration aims to expand the AWS Generative AI Innovation Center (GenAIIC), a program launched in June 2023 that helps customers implement generative AI solutions. The GenAIIC has already supported thousands of customers, with over 50% of proof-of-concept solutions now in production. Through this alliance, Rackspace will utilize GenAIIC's methodology to help global customers access resources for proof-of-concept and production implementations, leveraging their Foundry for AI by Rackspace (FAIR™) platform to accelerate responsible AI adoption.

Rackspace Technology (NASDAQ: RXT) si è unita alla nuova Alleanza per l'Innovazione dei Partner di Intelligenza Artificiale Generativa di Amazon Web Services (AWS). Questa collaborazione mira ad ampliare il Centro di Innovazione per l'Intelligenza Artificiale Generativa di AWS (GenAIIC), un programma lanciato nel giugno 2023 che aiuta i clienti a implementare soluzioni di intelligenza artificiale generativa. Il GenAIIC ha già supportato migliaia di clienti, con oltre il 50% delle soluzioni di prova-concetto ora in produzione. Grazie a questa alleanza, Rackspace utilizzerà la metodologia del GenAIIC per aiutare i clienti globali ad accedere alle risorse per implementazioni di prova-concetto e di produzione, sfruttando la loro piattaforma Foundry for AI by Rackspace (FAIR™) per accelerare l'adozione responsabile dell'IA.

Rackspace Technology (NASDAQ: RXT) se ha unido a la nueva Alianza de Innovación de Socios de IA Generativa de Amazon Web Services (AWS). Esta colaboración tiene como objetivo ampliar el Centro de Innovación de IA Generativa de AWS (GenAIIC), un programa lanzado en junio de 2023 que ayuda a los clientes a implementar soluciones de IA generativa. El GenAIIC ya ha apoyado a miles de clientes, con más del 50% de las soluciones de prueba de concepto ya en producción. A través de esta alianza, Rackspace utilizará la metodología del GenAIIC para ayudar a los clientes globales a acceder a recursos para implementaciones de prueba de concepto y producción, aprovechando su plataforma Foundry for AI by Rackspace (FAIR™) para acelerar la adopción responsable de la IA.

랙스페이스 테크놀로지 (NASDAQ: RXT)는 아마존 웹 서비스(AWS)의 새로운 생성적 AI 파트너 혁신 동맹에 가입했습니다. 이 협업의 목표는 2023년 6월에 시작된 AWS 생성적 AI 혁신 센터(GenAIIC)를 확장하는 것입니다. 이 프로그램은 고객들이 생성적 AI 솔루션을 구현하는 데 도움을 줍니다. GenAIIC는 이미 수천 명의 고객을 지원했으며, 시험 개념 솔루션의 50% 이상이 이제 생산 단계에 있습니다. 이 동맹을 통해 Rackspace는 GenAIIC의 방법론을 활용하여 글로벌 고객들이 시험 개념 및 생산 구현을 위한 자원에 접근할 수 있도록 지원하고, 책임 있는 AI 채택을 가속화하기 위해 Foundry for AI by Rackspace (FAIR™) 플랫폼을 활용할 것입니다.

Rackspace Technology (NASDAQ: RXT) a rejoint la nouvelle Alliance pour l'Innovation des Partenaires en IA Générative d'Amazon Web Services (AWS). Cette collaboration vise à élargir le Centre d'Innovation en IA Générative d'AWS (GenAIIC), un programme lancé en juin 2023 qui aide les clients à mettre en œuvre des solutions d'IA générative. Le GenAIIC a déjà soutenu des milliers de clients, avec plus de 50 % des solutions de preuve de concept désormais en production. Grâce à cette alliance, Rackspace utilisera la méthodologie du GenAIIC pour aider les clients du monde entier à accéder aux ressources nécessaires pour des mises en œuvre de preuves de concept et de production, en tirant parti de leur plateforme Foundry for AI by Rackspace (FAIR™) pour accélérer l'adoption responsable de l'IA.

Rackspace Technology (NASDAQ: RXT) ist der neuen Allianz für generative KI-Partnerinnovationen von Amazon Web Services (AWS) beigetreten. Diese Zusammenarbeit zielt darauf ab, das AWS Generative AI Innovation Center (GenAIIC) zu erweitern, ein Programm, das im Juni 2023 gestartet wurde und Kunden dabei hilft, generative KI-Lösungen umzusetzen. Das GenAIIC hat bereits Tausenden von Kunden Unterstützung geboten, wobei über 50 % der Machbarkeitsstudienlösungen inzwischen in Produktion sind. Durch diese Allianz wird Rackspace die Methodik des GenAIIC nutzen, um globalen Kunden den Zugang zu Ressourcen für Machbarkeitsstudien und Produktion zu erleichtern, und gleichzeitig ihre Plattform Foundry for AI by Rackspace (FAIR™) zur Beschleunigung der verantwortungsvollen KI-Annahme einsetzen.

Positive
  • Partnership with AWS enhances Rackspace's AI service capabilities
  • Access to AWS GenAIIC's proven methodology with 50%+ success rate in production implementations
  • Expansion of global market reach through AWS partnership network
Negative
  • None.

Insights

The partnership with AWS's Generative AI Innovation Alliance represents an incremental business opportunity for Rackspace, but its immediate financial impact appears While this alliance provides access to AWS's proven AI methodology and customer base, it's primarily a strategic positioning move in the competitive cloud services market.

The 50% success rate of proof-of-concept solutions moving to production through AWS GenAIIC is noteworthy, suggesting potential revenue opportunities from implementation services. However, Rackspace faces intense competition from other cloud service providers and AI consultancies. The company's FAIR™ program will need to demonstrate significant differentiation to capture meaningful market share.

For investors, this partnership enhances Rackspace's service portfolio but isn't likely to materially impact near-term financials. The long-term value will depend on successful execution and customer adoption rates.

SAN ANTONIO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading hybrid, multicloud, and AI technology services company, announced today that it will work with Amazon Web Services (AWS), an Amazon.com, Inc. company, as part of the company’s new Generative AI Partner Innovation Alliance. The Generative AI Partner Innovation Alliance will help scale and expand the reach of the AWS Generative AI Innovation Center (GenAIIC) - a program that helps AWS customers successfully build and deploy generative AI solutions.

Initially launched in June 2023, the AWS GenAIIC connects customers with AWS AI/ML scientists and strategy experts, and help companies envision, identify, and develop generative AI solutions. Since its inception, the GenAIIC has helped thousands of customers, including DoorDash, Nasdaq, the PGA TOUR, achieve success with generative AI. In fact, more than 50% of the proof-of-concept solutions developed through the GenAIIC are now in production for customers.

As part of the Partner Innovation Alliance, Rackspace Technology will leverage the GenAIIC’s proven methodology, and work with AWS to help more customers globally access resources to support with proof-of-concept and production implementations, as well as bringing industry- and regional-specific expertise.

Rackspace empowers customers to tackle their most complex business challenges using generative AI through Foundry for AI by Rackspace (FAIR™). FAIR™ accelerates the adoption of responsible AI, strengthens data foundations, and scales AI workloads on AWS by following a product-driven approach: Ideate, Incubate, and Industrialize.

“We are excited to collaborate with AWS as a launch partner of the Generative AI Partner Innovation Alliance to help organizations harness the power of generative AI at scale,” said Jon Mullapudy, SVP & GM at Rackspace Technology. “By combining AWS’s proven methodology with Rackspace’s expertise in AI and cloud solutions, we can empower more customers to scale AI initiatives from concept to production, driving innovation and delivering impactful business outcomes worldwide.”

About Rackspace Technology
Rackspace Technology is a leading end-to-end multicloud and AI technology services company. We design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.

Media Contact: Natalie Silva, publicrelations@rackspace.com


FAQ

What is Rackspace Technology's role in the AWS Generative AI Partner Innovation Alliance?

Rackspace Technology will leverage AWS GenAIIC's methodology to help global customers access resources for proof-of-concept and production implementations of generative AI solutions, using their FAIR™ platform.

When did AWS launch the Generative AI Innovation Center (GenAIIC)?

AWS launched the Generative AI Innovation Center (GenAIIC) in June 2023.

What is the success rate of AWS GenAIIC's proof-of-concept solutions?

More than 50% of the proof-of-concept solutions developed through the AWS GenAIIC are now in production for customers.

What is Rackspace's (RXT) platform for AI implementation called?

Rackspace uses Foundry for AI by Rackspace (FAIR™) to help customers implement AI solutions.

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