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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Meta is betting big on AI, agreeing to spend more than $10 billion on Google’s cloud services over the next six years, according to people familiar with the deal. The arrangement, which includes servers, storage, networking, and other infrastructure, marks one of the largest agreements in Google Cloud’s 17-year history. Neither company would comment on […]
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A startup called FluidCloud wants to make it easier for companies to move their applications between cloud providers. Its new platform helps businesses copy and move their infrastructure from one cloud to another – a process that often takes months – with just a few clicks. The FluidCloud Platform works by scanning a company’s existing […]
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A single Google search requires half a millilitre of water, while ChatGPT consumes 500 millilitres for every five to 50 prompts. Multiply these figures by billions of daily interactions, add streaming services and cloud storage, and the result is staggering: data centre water consumption has reached crisis levels, with some facilities using more water annually than entire cities. This […]
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Oracle is set to expand into Indonesia by leasing data centre space from DayOne Data Centres, according to people with knowledge of the deal. The move would mark Oracle’s first cloud services operation in the country and deepen its relationship with a regional player that counts ByteDance as its biggest client. DayOne, based in Singapore, […]
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OpenAI is turning to Google for help with its growing computing needs, three sources have told Reuters. The move is unexpected given the rivalry between the two in artificial intelligence, but it reflects the massive demand for computing power to train and run AI models. One of the three sources said the deal was finalised […]
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Amazon’s first-quarter results showed a slower pace of growth in its AWS cloud computing business, compared to expectations and to recent gains reported by competitors. CNBC reported that AWS’s revenue increased 16.9% year over year to $29.27 billion, just under forecasts that predicted 17.4% growth and $30.9 billion in sales. The shortfall marked the slowest […]
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An OpenAI executive said the company would consider acquiring Google’s Chrome browser if regulators force Alphabet to sell it as part of efforts to boost competition in search, according to Reuters. Nick Turley, head of product for ChatGPT, made the comment during Google’s antitrust trial in Washington, where the US Department of Justice is pressing […]
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Amid rising global trade tensions, European companies are reassessing their cloud provider choices, weighing geopolitical risks alongside technical capabilities. According to OVHCloud CEO Benjamin Revcolevschi, these concerns are starting to shift from IT departments to boardrooms. “In the current geopolitical context, we are seeing a shift in the concerns of private companies and public organisations […]
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Google has made several announcements regarding its product range at Google Cloud Next 25. The company presented updates focused on development and expanding global network infrastructure, with many of the offerings infused with AI features. Traditional cloud models require teams to manage infrastructure elements (virtual machines, storage, and networks) before building applications on top of […]
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