AWS plans to substantially enhance its support for startups utilising its cloud infrastructure in response to escalating competition in the AI services sector, particularly from Microsoft. According to CNBC, AWS will double the value of credits offered to certain startups through its Activate program. Starting this July, startups that have recently secured Series A funding… Read more »
The cloud computing sector has been on an impressive growth trajectory, with projections suggesting its market capitalisation will quadruple to a staggering $2.3 trillion by 2032. However, this rapid expansion comes with its own set of challenges. The market’s concentration among a few major players like AWS, Azure, and Google Cloud poses significant risks. A… Read more »
In another bold step to strengthen its grip in Europe, Amazon launched a €10 billion investment plan for Germany, with the goal of driving innovation and creating thousands of jobs across the country. This huge financial commitment demonstrates Amazon’s commitment to improving its logistics network, cloud infrastructure, and research and development (R&D) skills in its… Read more »
A two-week long business trip to the US by Samsung Electronics executive chairman, Lee Jae-yong, recently concluded with high-profile meetings with the heads of Meta, Amazon and Qualcomm. As The Korea Times reported the main purpose of these discussions was to expand tech partnerships between the world’s leading research institutions and explore how they build… Read more »
Multinational computer technology firm, Oracle, has unveiled details of its latest financial performance, fueled by its commitment to cloud computing and AI. The company’s higher-than-expected bookings and major cloud partnerships reflect continued progress in its efforts to challenge industry leaders like Amazon, Microsoft, and Google. Among the notable announcements was Oracle’s cloud partnership with OpenAI,… Read more »
Business Insider reports that Microsoft is now reportedly reducing staff in the Azure cloud computing division, joining the growing layoffs that have roiled the tech and media space this year. Teams such as Azure for Operators and Mission Engineering will face hefty job cuts: some insiders report as many as 1,500 redundancies in Azure for… Read more »
Microsoft has announced an investment of 33.7 billion Swedish crowns, approximately $3.2 billion, to enhance its cloud and AI infrastructure in Sweden over the next two years, marking a major commitment in the region. This substantial investment also highlights the seriousness of Microsoft’s dedication to cloud computing and AI. One of the ways the tech… Read more »
Couchbase, a cloud database platform company, has released the findings from its seventh annual survey of global IT leaders. The study of 500 senior IT decision makers found investment in IT modernisation is set to increase by 27% in 2024, as enterprises look to take advantage of new technologies, such as AI and edge computing,… Read more »
Couchbase, a cloud database platform company, has released the findings from its seventh annual survey of global IT leaders. The study of 500 senior IT decision makers found investment in IT modernisation is set to increase by 27% in 2024, as enterprises look to take advantage of new technologies, such as AI and edge computing,… Read more »
NetApp, a data infrastructure company, has expanded its partnership with Google Cloud to make it easier for organisations to leverage their data for generative AI (GenAI) and other hybrid cloud workloads. NetApp and Google Cloud are announcing the Flex service level for Google Cloud NetApp Volumes which supports storage volumes of nearly any size. NetApp… Read more »