FastMarket.news

Seagate Boosts Storage Efforts with Sustainable Innovations

Published 22 hours agoSTX
Seagate Boosts Storage Efforts with Sustainable Innovations

Seagate Technology Holdings plc is making significant strides in the development of large-capacity and sustainable hard drives to cater to the surge in data storage needs fueled by advancements in artificial intelligence. A key component of this effort is the Mozaic 3+ platform, which employs Heat-Assisted Magnetic Recording (HAMR) technology, enabling storage capacities of up to 36 terabytes per drive. This innovation allows data centers to expand their storage capabilities without increasing their physical footprint, helping to conserve both energy and space, as reported by IT Brief.


Seagate is also focusing on sustainability initiatives to mitigate the environmental impact of data centers. The company is increasing storage density and launching a Circularity Program which refurbished and redeployed over one million drives in fiscal year 2022, preventing more than 540 metric tons of electronic waste from ending up in landfills. Furthermore, in its commitment to renewable energy, Seagate sourced over 50% of its energy from renewable sources in 2023, with ambitions to reach 100% by 2030.


These efforts have not gone unnoticed, as Seagate was recognized at the 2023 Flash Memory Summit with an award for Most Innovative Sustainability Technology in Data Center Storage. This recognition underscores the company's dedication to integrating sustainable practices within its operations while addressing the growing global demand for data storage driven by AI technology.

Share this article

Recent Articles

SharkNinja Expands Beauty Product Line with Innovative Launches

SharkNinja Expands Beauty Product Line with Innovative Launches

5 minutes agoSN

SharkNinja, a global product design and technology company, is making significant strides in the beauty sector with a series of recent product launches and strategic collaborations. The company first introduced its Shark FlexStyle™ in August 2022, a versatile hair styling and drying system designed for all hair types, highlighting inclusivity and hair health. In March 2023, SharkNinja partnered with Sephora to offer the Shark FlexStyle™ along with exclusive colorways, broadening their reach to a wider audience. Following this, in August 2023, SharkNinja expanded its hair care portfolio by launching the Shark SmoothStyle™ heated comb straightener and the Shark SpeedStyle™ lightweight digital hair dryer. These new products were backed by a partnership with celebrity hairstylist Chris Appleton, who became the brand’s global ambassador, promoting its mission of making premium hair tools accessible to all. Continuing their expansion, SharkNinja launched the Shark FlexFusion™ and FlexFusion™ Straight in October 2024, luxurious multi-stylers that promise heat damage-free styling through their innovative design. Furthermore, the company ventured into skincare by launching the CryoGlow device in February 2025, an at-home solution featuring cooling and LED technology for skincare. As reported by MarketScreener, these initiatives demonstrate SharkNinja's commitment to diversifying their offerings and strengthening its foothold in the beauty market.

Teladoc Health Sees Modest Stock Rise Amid Growth and Acquisitions

Teladoc Health Sees Modest Stock Rise Amid Growth and Acquisitions

20 minutes agoTDOC

Teladoc Health Inc. is witnessing a slight upturn in its stock value, trading at $6.86 per share as of May 8, 2025. This marks a 1.03% increase from its previous closing price, highlighting the company's steady position as a growth stock under $10. In a strategic move, Teladoc recently acquired mental health company UpLift for $30 million in April 2025. This acquisition aims to bolster Teladoc's mental health services, which is a key area of expansion for the company's virtual healthcare offerings. Apart from mental health services, Teladoc is expanding its telehealth capabilities, AI and analytics, and telehealth devices. The company has established a significant global presence, operating in over 130 countries and serving around 80 million individuals through its virtual care products. Earlier in 2023, Teladoc projected its 2022 revenues to reach about $2.4 billion, with its subsidiary, BetterHelp, contributing approximately $1 billion. This broad service scope and financial forecast underscore Teladoc's commitment to growing and diversifying its healthcare offerings worldwide.

Molson Coors Sees Revenue and Income Surge in First Quarter of 2024

Molson Coors Sees Revenue and Income Surge in First Quarter of 2024

35 minutes agoTAP

Molson Coors recently released its first-quarter financial results for 2024, noting substantial growth in key areas. The company's net sales jumped by 10.7% to reach $2.596 billion, bolstered by increased financial volumes, favorable pricing, and positive currency impacts, as reported on their official site. Meanwhile, net income soared to $207.8 million, a striking 186.6% increase from the same period last year, according to Businesswire. In further developments, Molson Coors saw its underlying net income rise by 74.4% to $202.8 million, attributed to improved operational performance. The company also reported a growth in brand volumes by 4.4%, with notable strength in the Americas, where volumes increased by 5.3%, particularly in the U.S., as detailed by the company. However, the cost of goods sold grew by 3.6% due to higher volumes and currency effects, and marketing, general, and administrative expenses saw a 6.4% rise because of increased marketing investments. Looking forward, Molson Coors has maintained its outlook for 2024, expecting low single-digit growth in net sales and mid single-digit increases in underlying income and earnings per share. This underlines the company's confidence in continuing its positive momentum through the remainder of the year.

Shopify Shares Dip Amid Conservative Growth Outlook

Shopify Shares Dip Amid Conservative Growth Outlook

50 minutes agoSHOP

Shopify's stock recently dipped following its guidance for the second quarter of 2025, which projected revenue growth in the mid-20s percentage range. Despite slightly surpassing analysts' expectations of 22.4%, the forecast for gross profit growth falls short at a high-teen percentage rate compared to the anticipated 20.2% rise. Reuters highlighted that this conservative outlook has contributed to investors' cautious approach. Additionally, Shopify is facing challenges that could hamper its future growth, including a strong U.S. dollar and decreased European consumer spending. The company also expressed worries over ongoing global trade uncertainties, particularly related to U.S. trade policies and tariffs, which could impact the broader retail and e-commerce landscape. These external pressures are adding layers of complexity to Shopify's financial performance perspectives, as reported by AP News. As of May 8, 2025, Shopify's shares are trading at $91.79, reflecting a decline of $3.46 or 3.63% from its previous close. The stock opened at $89.55, reached an intraday high of $99.24, and a low of $84.90. These trading numbers underscore the market's reaction to Shopify's current guidance and the broader economic environment influencing its stock performance.