Rackspace Technology Appoints Visionary Technology Executive Srini Koushik as Global Head of New Spin-up - Foundry for Generative AI by Rackspace

Appointment comes as leading multicloud solutions provider announces Generative AI offerings aimed at accelerating the responsible adoption of AI in organizations of all sizes

SAN ANTONIO, June 28, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology (NASDAQ: RXT) — a leading end-to-end, multicloud solutions company, today announced the appointment of Rackspace Technology CTO Srini Koushik as the global head of the company’s new spin-up Foundry for Generative AI by Rackspace (FAIR.)

In a recent survey by Rackspace of more than 1,400 IT decision-makers, 90 percent of respondents said their cloud modernization efforts are motivated by their desire to leverage AI technologies.

Rackspace Technology has been at the forefront of innovation since its founding in San Antonio in the late 1990s. The company has celebrated a history of industry firsts - as it was one of the first to offer web hosting and deliver a hosted private cloud, to launch OpenStack public cloud in collaboration with NASA. Now, Rackspace is helping customers in their multicloud journey and enabling customer transformation through the rapid adaption of generative AI.

“The generative AI market is moving at a pace we haven’t seen since the emergence of technology and certainly in my 30-year career. Our new spin-up FAIR is addressing the urgent needs of businesses of all sizes by accelerating the secure, responsible, and sustainable adoption of generative AI solutions across industries,” said Amar Maletira, CEO of Rackspace Technology. “As a pure-play multicloud provider, we build on our industry-leading public and private cloud solutions to help our vast installed base of over 20,000 customers across all segments drive innovation in their businesses using generative AI. FAIR operates at start-up speed to serve these customers' rapidly emerging needs, which will be paramount to our mutual success.”

Maletira also praised 35+ year technology industry leader and seasoned visionary Srini Koushik for accepting the role as the global head of FAIR and noted his proven track record of execution.

Koushik has been the Chief Technology Officer at Rackspace Technology since 2021 and is responsible for technology strategy and roadmap, thought leadership, information technology, and security. Koushik will retain his CTO responsibilities while leading the FAIR spin-up business.

"The convergence of cloud computing and AI has sparked a transformative revolution, democratizing access to artificial intelligence and ushering in the age of limitless possibilities with AI," said Srini Koushik, CTO of Rackspace Technology and Global Leader for FAIR. “Whenever our customers needed to capitalize on the latest technology, we have been there with innovative solutions. From web hosting to the first public cloud based on OpenStack and modernization of application and data workloads to the Cloud – Rackspace has been there to help them. As our customers chart new territories with generative AI, we will help them become trailblazers in their transformative journeys by pioneering the responsible and sustainable use of AI solutions.”