45 articles tagged
India is attracting over $67.5 billion in AI data center investments from Microsoft, Amazon, and Google over five years, cementing its role as a global AI infrastructure hub.
Oracle's market value plunged by over $70 billion after the tech giant reported slower-than-expected growth and announced a massive increase in AI spending.
Amazon has committed to investing over $35 billion in India by 2030, targeting the country's cloud and artificial intelligence infrastructure to boost jobs and growth.
Oracle's market value has fallen by approximately $60 billion since it announced a major cloud infrastructure partnership with OpenAI, signaling investor concern.
AI infrastructure firm Nebius announced a $3 billion deal with Meta, boosting its stock despite reporting a wider-than-expected Q3 net loss of nearly $120 million.
Datadog shares surged 23% after the cloud software company reported Q3 revenue of $885.7 million, beating estimates and issuing a strong Q4 forecast.
OpenAI and Amazon Web Services have announced a multi-year, $38 billion partnership, providing the AI company with massive cloud computing resources to power its models.
Microsoft has finalized a $9.7 billion, five-year agreement to purchase AI cloud capacity from IREN Ltd., aiming to bolster its Azure services amid high demand.
Amazon stock surged over 13% after its latest earnings report, driven by a significant reacceleration in AWS revenue growth and a positive shift in its AI narrative. The company increased its capital
Amazon's cloud division, AWS, reported its strongest growth in nearly three years, with sales surging 20% to $33 billion, fueled by massive demand for AI.
Microsoft is experiencing demand for its cloud computing and AI services that is so high it outstrips current capacity, driving significant income growth.
Amazon Web Services (AWS) recently suffered a 15-hour outage affecting a key data center cluster in Virginia, disrupting numerous companies and consumer apps.
