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,…
CoreWeave cofounders Brian Venturo (chief strategy officer), Michael Intrator (CEO) and Brannin McBee (chief development officer), from left to right. CoreWeave CoreWeave made its public market debut on Friday with the first big IPO of 2025. The company, which rents cloud computing power to customers that need it for AI applications, exploded onto the scene…
We recently published a list of 10 High Growth Cybersecurity Stocks To Buy In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against other high growth cybersecurity stocks to buy. The cybersecurity industry is experiencing unprecedented growth, fueled by increasing cyber threats, the expansion of cloud…
Alibaba Group Holding is spearheading China’s Big Tech sector in the race for global leadership in artificial intelligence (AI) technology and infrastructure with its spending plan, competing with US giants like Apple and Microsoft for first-mover advantage, analysts said. The e-commerce leader’s 380 billion yuan (US$52.4 billion) capital expenditure for computing resources and AI infrastructure…
Two years after Apple introduced an encrypted storage feature for iPhone users, the company is pulling those security protections in Britain rather than comply with a government request that it create a tool to give law enforcement organizations access to customers’ cloud data. Starting on Friday, iPhone users in Britain will begin seeing a message…
Amazon.com (AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain…
Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped more than 5% in extended trading. Here’s what the company reported compared with what Wall Street was expecting: Earnings per share: $1.86 vs. $1.49 expected, according to LSEG Revenue: $187.79 billion vs. $187.30…