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CEO of World's largest HDD vendor said it sold tens of millions of USD worth of drives to two cloud computing firms

News Snapshot:

Despite predictions, HDDs are here to stay and increasing in capacity Seagate recently sold one exabyte of HAMR storage to two hyperscalers The "tens of thousands of drives" likely cost between $33 and $35 million Although the likes of Pure Storage, IBM, and Meta believe the writing is on the wall for hard drives, the technology doesn’t look like it will be going away any time soon. Seagate and its main rival Western Digital are working on magnetic recording methods that will allow the drives to continue increasing in capacity, helping them maintain a clear advantage over SSDs when it…

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