Intel 740 million USD buys Big Data Cloudera 18% shares

Intel 740 million USD buys Big data Cloudera 18% shares Beijing time April 1 morning news, big data software provider Cloudera said in Monday that Intel announced its investment to the company last week, with a specific provision for a 18% stake in $740 million for Cloudera. The investment is valued at about $4.1 billion trillion for Cloudera, which is expected to go public later this year. Cloudera announced that it had completed a round of $900 million trillion in funding, including $740 million trillion in Intel's investment, and $160 million in Rowe Price and Google Venture Investment announced earlier in March. Intel said in Thursday that it had made a "big" investment in Cloudera. Like rival Hortonworks and Pivotal, Cloudera focuses on helping enterprise users manage data through the Open-source software system Hadoop. Hadoop can classify and analyze large amounts of information from the Internet and mobile devices, that is, large data. As part of the deal, Intel will shift from proprietary Hadoop to Cloudera products. Previously, Intel promoted Hadoop as the most suitable system for Intel server chips. The size of Intel's investment, and the decision to terminate its own Hadoop development, suggest that Intel's CEO division, Brian Krzanich, is taking some decisive steps after a year in office. Cloudera, on the other hand, is just one of Silicon Valley startups that recently gained billions of of dollars in valuations. Some Wall Street analysts are therefore concerned that the technology industry is bubbling. Last week, Facebook announced a 2 billion dollar takeover of Oculus VR, a virtual reality headset maker. The company was founded for only two years and has so far not launched commercial products. Intel hopes that corporate demand for large data analysis will drive the sale of high-end Xeon server processors. Intel believes that moving to the Cloudera version of the Hadoop system, rather than an autonomous development system, will help this trend come sooner. The Intel Core PC processor market is shrinking, so the server business has become an important driver of Intel's performance. However, recent developments in the business have failed to meet expectations. Large data is a key component of the Internet of things. Finding a way to analyze and leverage large amounts of data has become a major opportunity for IT companies, including Intel. According to IDC, the world's largest data technology and services market will grow at an annual rate of 27%, up to $32 billion by 2017. Intel has been unable to achieve the desired performance in the smartphone and tablet processor market, so it now wants to ensure that it becomes a major player in the internet market. On the one hand, Intel will provide processors to IoT devices and, on the other hand, will sell software and hardware to analyze the data generated by these devices. The amount of the investment is alsoShows that Intel has high hopes for Cloudera's success. In contrast, in 2007, Intel acquired 2.5% per cent of VMware, a virtualization technology company, at a cost of 218 million dollars.