Oracle expects its cloud infrastructure business to create $166 billion in revenue by fiscal year 2030, accounting for nearly three-quarters of its total sales, the company says. Reuters reported that the forecast was shared by Chief Executive Officer Clay Magouyrk during a meeting with analysts on Thursday, when he said new cloud bookings are coming […]
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Google is investing another €5 billion in Belgium over the next two years to boost its cloud and AI infrastructure. That effort includes expanding its data centre locations in Saint-Ghislain and creating 300 new full-time jobs. At the same time, it’s inked deals with Eneco, Luminus, and Renner to help develop onshore wind farms and […]
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IBM is rolling out a new AI-powered cloud service designed to help companies get a better grip on their increasingly messy networks. IT environments are becoming harder to manage, as networks comprise of a mix of on-premises data centres, private clouds, multiple public clouds, and SaaS apps. IBM’s new service, called Network Intelligence, tries to […]
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Google layoffs have hit more than 100 workers in its design teams, marking the latest round of job cuts tied to the company’s shift toward AI and tighter spending. Earlier this week, Google layoffs affected parts of the cloud division, including teams working on user experience research, and platform and service experience. Internal documents seen […]
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Alibaba and Nvidia have teamed up again, expanding their collaboration in AI and robotics. The two companies announced at the Apsara Conference in Hangzhou that Nvidia’s embodied AI tools will be integrated into Alibaba Cloud’s machine learning platform. The move gives developers access to Nvidia’s toolkit for building AI systems that interact with the physical […]
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Oracle has shared new details on its UK investment programme, first announced in March, which includes AI services and a sovereign cloud platform. Earlier this year, the company pledged $5 billion to expand Oracle Cloud Infrastructure (OCI) in the UK and support government efforts around AI adoption. The latest update highlights progress on a sovereign […]
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Oracle has shared new details on its UK investment programme, first announced in March, which includes AI services and a sovereign cloud platform. Earlier this year, the company pledged $5 billion to expand Oracle Cloud Infrastructure (OCI) in the UK and support government efforts around AI adoption. The latest update highlights progress on a sovereign […]
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Oracle’s stock jumped in value more than 40% on Wednesday, lifting the company’s share price to a record high and placing the company in striking distance of a trillion-dollar market value. The surge also sent Oracle co-founder Larry Ellison’s wealth soaring, narrowing the gap between him and Elon Musk in the contest to be the […]
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Chinese tech firms are trying to raise cash as the fight for market share in AI heats up, and Alibaba is taking the lead. The e-commerce giant is seeking about US$3.17 billion through the sale of zero-coupon convertible notes, a deal set to be the largest of its kind this year. The notes, due in […]
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Alibaba says its new low-level software has reduced network outages, lowered load balancing costs, and improved SmartNIC performance by shifting workloads to underused infrastructure. As reported by The Register, the company outlined its results in three research papers it plans to present at the SIGCOMM conference next week. One of the papers introduces a system […]
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