OpenAI and Nvidia, leading names in the tech industry, plan to announce substantial investments in UK data centers next week. This initiative, reported by Bloomberg News, coincides with a visit by U.S. President Donald Trump. The companies will collaborate with London-based Nscale Global Holdings, a notable player in the data center business, although Nvidia…
Oracle Corp. shares surged to a record after the company gave an aggressive outlook for its cloud business, stunning Wall Street and galvanizing hopes that the post-ChatGPT global AI infrastructure build-out is accelerating. The company is on track to add about $200 billion to its market value if the stock’s 30% premarket gain holds through…
Oracle founder Larry Ellison, who once mocked cloud computing as “complete gibberish,” is now the second-richest person on Earth, overtaking Amazon’s Jeff Bezos and Meta’s Mark Zuckerberg. With a net worth of $288 billion, he is behind Elon Musk who has a net worth of $3379 billion, as per Bloomberg Billioniare Index. The reason: Oracle’s…
Good morning. In honor of Perplexity’s unsolicited $34.5 billion bid to acquire Google’s Chrome web browser amid U.S. antitrust scrutiny—a figure well beyond the San Francisco AI startup’s $18 billion valuation!—five things I’d like to place an unsolicited bid on with someone else’s money: But please, Marc—keep the disco ball. Today’s tech news below. —Andrew…
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) fell 7.8% in the afternoon session after the company reported disappointing second-quarter results and provided a weak forecast for future growth. The e-commerce and cloud computing giant pointed to slowing growth in its key Amazon Web Services (AWS) division and higher operating costs. Management explained…
Amazon Web Services, the cloud computing division at the e-commerce giant helped power quarterly earnings that beat market expectations (RONNY HARTMANN) Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by US tariffs. “Massive results seen by Microsoft and Meta further…
By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction. An Amazon spokesperson confirmed it had cut jobs but did…
Where A.I. Data Centers Are Located Only 32 nations, mostly in the Northern Hemisphere, have A.I.-specialized data centers. Source: Oxford University Note: Count of data centers in China excludes facilities in Hong Kong and Taiwan. Last month, Sam Altman, the chief executive of the artificial intelligence company OpenAI, donned a helmet, work boots and a…
Several Malaysian and Chinese technology companies and educational institutions will join forces in artificial intelligence (AI), cloud computing, and next-generation digital infrastructure. Six memoranda of understanding (MoUs) were exchanged earlier today, marking a significant chapter in digital collaboration involving major tech players and academic hubs from both nations. The event also underscores the commitment of…
Alibaba Cloud, the cloud computing unit of the Hangzhou-based tech giant, plans to launch its Qwen3 LLM this month, according to people familiar with the matter. Alibaba owns the South China Morning Post. The upgraded model is expected to come in multiple variants, including a standard version and a Qwen3-MoE, which uses a mixture-of-experts architecture,…