Amazon’s stock took a 4% hit on Friday (February 7, 2025), wiping out nearly $100 billion in market value after its latest cloud computing revenue figures fell just short of expectations. Investors, who have been closely watching the company’s heavy spending on AI, were left underwhelmed by the numbers – especially given similar disappointments from […]
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AWS has taken its partnership with the Australian Government’s Digital Transformation Agency (DTA) to the next level. The two have signed a new Whole-of-Government agreement, making it easier for government agencies to tap into cloud and emerging technologies. This new agreement, which sets for an initial three-year term, builds on a previous deal from 2019, […]
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AWS is creating a buzz in Georgia with plans to invest about $11 billion in building new data centres. Announced in a blog post, the initiative underscores the tech giant’s effort to meet the growing demand for cloud computing and AI technologies. The investment is also expected to generate at least 550 new jobs, although […]
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Cloud heavyweights AWS, Microsoft Azure, and Google Cloud Platform (GCP) are positioning themselves to use AI as a key driver of cloud infrastructure growth. According to IoT Analytics, Microsoft is emerging as a cloud AI leader, particularly in genAI, passing both AWS and Google. Microsoft leads in generative AI Microsoft accounted for 45% of new […]
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IBM is setting its sights on a major upgrade in AI hardware, with the company in talks with AWS to access Nvidia’s highly sought-after AI chips. The deal, worth an estimated $475 million over five years, would grant IBM access to AWS’s Elastic Compute Cloud (EC2) servers, which are powered by Nvidia GPUs. As part… Read more »
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Oracle and Amazon Web Services (AWS) have formed a strategic partnership to deliver Oracle database services within the AWS cloud environment. The collaboration, set to launch in 2025, introduces Oracle Database@AWS, allowing customers to access Oracle Autonomous Database and Oracle Exadata Database Service directly on AWS infrastructure. This new offering, account to a statement by… Read more »
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The exponential growth of generative artificial intelligence (Gen AI) could derail global efforts to reduce carbon emissions, potentially consuming as much energy as entire countries, according to a new report from SAS. The report, ‘Rethinking data and AI in the cloud: How to move to a sustainable future,’ emphasised how senior decision-makers in large organisations… Read more »
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The Cloud Revolution Summit: A Groundbreaking Event Redefining Cloud Conferences This September [Date, city] – Nordcloud, a leader in cloud solutions and digital transformation, has announced the launch of The Cloud Revolution Summit, a bold new event that’s set to reshape tech summit formats. Taking place on September 18, 2024, the summit will be a… Read more »
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IT services firm Accenture has expanded its strategic collaboration with Amazon Web Services (AWS) to create Accenture Responsible Artificial Intelligence (AI) Platform powered by AWS to help organisations adopt and scale AI rapidly with trust and confidence throughout their enterprise. The rapid rise of AI has created unique challenges and implications for business leaders who… Read more »
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Amazon’s massive investment in AI has created doubts about future profitability despite record sales growth, following publication of the tech giant’s latest financial results. According to the Financial Times, in the three months ending June 30, Amazon’s net sales grew by 10% to $148 billion. Although the result was impressive, it missed analysts’ expectations of… Read more »
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