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Facebook is looking to revolutionize the IT industry by launching the “Open Compute Initiative.” The program offers open source technology for serving web applications that costs less and is more power efficient. Mark Zuckerberg said that Facebook is looking to foster an ecosystem for other developers to create powerful applications.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.

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