Entries with tag technology market.

Cray Releases Low-Cost Supercomputer

Supercomputers typically sell for millions of dollars, but Cray Inc. is now offering a system for $500,000. The XC30-AC reportedly has the same software and processors as the XC-30, which sells for between $10 and $30 million. The system costs less because it is, in part, air cooled and does not use optical cables. For its new computer, Cray is targeting manufacturers from the Fortune 100 to 1,000, as well as pharmaceutical, oil and gas firms; smaller universities; government agencies; and research labs. Supercomputer sales are increasing with purchases up 30 percent in 2012, according to market-research firm IDC, as the hardware has become increasingly affordable for a greater number of organizations. Analysts expect the new Cray offering to attract first-time supercomputer buyers. (CNNMoney)(Information Week)

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