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Rackspace Technology Launches Foundry for Generative AI by Rackspace

June 13, 2023

Rackspace Technology Launches Foundry for Generative AI by Rackspace

Rackspace Technology Launches Foundry for Generative AI by Rackspace

Leading multicloud solutions provider announces Generative AI offerings aimed at accelerating the responsible adoption of AI in organizations of all sizes

SAN ANTONIO, TX June 13, 2023 – Rackspace Technology® (NASDAQ: RXT)— a leading end-to-end, multicloud technology solutions company, today announced Foundry for Generative AI by Rackspace (FAIR™), a groundbreaking global practice dedicated to accelerating the secure, responsible and sustainable adoption of generative AI solutions across industries.

FAIR aims to be a force multiplier to accelerate the pragmatic and secure use-case-based adoption of generative AI in businesses across all industries. It builds on unique Rackspace Technology IP and multicloud capabilities along with their global footprint to facilitate:

  • Cutting-edge AI/ML, analytics, data services, and assets gained through the strategic acquisition of Just Analytics.
  • Industry-leading partnerships, with leading hyperscalers, including the extended ecosystem of open-source AI solutions featuring Hugging Face and stability.ai, to drive rapid Open Innovation.
  • The development of AI Private Cloud capabilities, including GPU-based high-performance computing, low latency storage solutions such as Rackspace Data Freedom, and secure networking across 30 plus global data centers, to enable the data kinetics needed to build advanced AI models in a private, secure, and on-demand environment.

Generative AI Offerings to Drive Customer Success

  • FAIR Generative AI Ideation Workshop: An interactive and collaborative ideation workshop that helps organizations uncover actionable use cases for generative AI with defined business impacts. AI readiness diagnostics provide critical considerations for successful AI adoption.
  • FAIR Generative AI Incubate: An agile and iterative program that co-creates an enterprise’s first generative AI solution. It establishes the technology stack and assesses the viability of AI, ensuring seamless integration into organizational processes.
  • FAIR Generative AI Industrialize: A systematic effort to transform the AI solution into a product, implementing governance, defining metrics, and optimizing the AI model and Distributed Cloud Infrastructure for continuous improvement.

Under the FAIR platform, over 100 use cases have been identified across multiple industries, and several first-of-a-kind implementations across the globe are under development. We have leveraged generative AI to implement Intelligent Co-pilot for the Enterprise (ICE™). Developed within FAIR, ICE is a co-pilot, boosting the productivity and effectiveness of go-to-market teams. It harnesses the power of AI to automate routine tasks, identify warm leads, surface relevant data and content, and provide real-time contextualized analytics for hyper-personalized customer interactions.

“As we extend our AI/ML capabilities, we are committed to pushing the boundaries of what is possible with generative AI,” stated Amar Maletira, CEO of Rackspace Technology. “Foundry for Generative AI by Rackspace (FAIR) showcases our technology-leaning dedication to innovation, commitment to open source, and ambition to be at the forefront of data-driven solutions that benefit our customers and partners. We aim to develop solutions that leverage the full potential of generative AI across various industries.”

Click here to register for the FAIR Generative AI Ideation Workshop.

Click here to learn more about unlocking limitless creativity with the power of generative AI.

About Rackspace Technology

Rackspace Technology is a leading end-to-end multicloud technology solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of the technology stack or deployment model. We partner with our customers at every stage of their transformation journey.
Media Contact: Natalie Silva, publicrelations@rackspace.com

About Rackspace Technology

Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at www.rackspace.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events and can be identified by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continues,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect,” “is putting,” “designed to,” or the negative of such terms or other similar expressions, although not all forward-looking statements contain these words.

 These statements include, but are not limited to, Rackspace Technology’s relationship with NVIDIA and the NVIDIA Cloud Partner Program, its Enterprise AI Cloud strategy, the anticipated capabilities, benefits and timing of its Institutional Sovereign Pod architecture, Rackspace’s outlook on the AI industry and its ability to deliver, operate, and scale AI infrastructure and solutions for regulated, institutional and sovereign enterprises. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation: Rackspace's ability to realize the anticipated benefits of its relationship with NVIDIA and the NCP program; the availability, cost, and timing of deployment of NVIDIA and other third-party technology; Rackspace's ability to develop, market, and scale the Institutional Sovereign Pod and related offerings on the anticipated timeline or at all; market acceptance of and demand for sovereign and governed AI infrastructure solutions; competition in the AI infrastructure and cloud services markets; capital expenditure requirements associated with AI infrastructure buildout; availability of financing for the AI infrastructure buildout on terms acceptable to Rackspace; Rackspace’s reliance on a limited number of technology partners, including NVIDIA; cybersecurity, data privacy, and regulatory compliance risks associated with serving regulated and sovereign customers; general economic and industry conditions; and other risks and uncertainties described in Rackspace's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rackspace undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.