Tag: cloud
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Google Cloud services largely back up in UK
Oct 20 : Alphabet’s Google said on Tuesday full service has been restored in its London-based cloud region after a “power event” disrupted multiple cloud services.
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AWS, Microsoft can do more to address cloud services barriers, UK competition watchdog says
Oct 16 : Britain’s competition watchdog said on Friday that Amazon Web Services and Microsoft can do more to address remaining barriers to switching between cloud providers and using multiple cloud services to deliver greater customer choice in the UK.The Competition and Markets Authority said it would keep t
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Exclusive-Anthropic IPO prospectus lays bare deep dependence on Big Tech partners
Sept 29 : Anthropic’s IPO prospectus shows how much it depends on a small group of customers and tech giants, highlighting key risks for the AI developer as it asks investors to back its ambitious, capital-intensive plan that it says will transform the global economy.The company routed 47 per cent of its sale
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Akamai signs $11.6 billion cloud deal with Anthropic, grants warrant for up to 5% stake
Sept 24 : Akamai Technologies signed an $11.6 billion cloud services deal with Anthropic on Thursday, and issued a warrant that could give the AI lab up to 5 per cent stake in the cloud company, sending its shares surging 22 per cent in extended trading.The agreement secures a long-term commitment from one of
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AI cloud firm Nscale files for US IPO
Sept 18 : AI cloud firm Nscale filed for a U.S. initial public offering on Friday.The fall IPO season has kicked off on a shaky note as surging bond yields and the Federal Reserve’s monetary policy tightening cycle weigh on investor sentiment.The London-based company plans to sell new shares in the off
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Nebius hikes AI cloud prices again as demand for computing power soars
Sept 17 : Cloud provider Nebius said on Thursday it will raise pay-as-you-go prices for leasing selected Nvidia chips from October 1, marking the company’s second price hike in three months.Demand for computing capacity to train and run AI models is surging; rival CoreWeave said earlier in the day that it is
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Oracle shares rise as AI cloud backlog beats estimates
Sept 11 : Oracle shares rose 5.5 per cent premarket on Friday after the cloud computing and software company’s stronger-than-expected quarterly results eased concerns around its massive debt-driven spending spree.The Austin, Texas-based firm booked more than $30 billion of additional AI cloud contracts in the
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Snowflake lifts annual revenue forecast on cloud and AI demand, shares soar
Sept 2 : Snowflake on Wednesday beat Wall Street estimates for quarterly results and raised its full-year product revenue forecast as demand rises for its cloud data platform and AI offerings, sending shares surging over 20 per cent in extended trading. The company has benefited from demand for its core cloud
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Microsoft reveals Azure cloud sales in financial reporting shift
SAN FRANCISCO, Sept 2 : Microsoft on Wednesday reported sales from its Azure cloud computing unit on a quarterly basis for the first time, providing a direct comparison to its top rivals Amazon.com and Alphabet’s Google as the three compete in the computing market amid an AI data center boom.Microsoft said t
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Microsoft to reveal Azure cloud sales in financial reporting shift
SAN FRANCISCO, Sept 2 : Microsoft said on Wednesday it will start reporting sales from its Azure cloud computing unit on a quarterly basis, providing a direct comparison to its top rivals Amazon.com and Alphabet’s Google as the three compete in the computing market amid an AI data center boom.Microsoft prev
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