Tag: cloud
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Google increases capex forecast again after cloud-driven quarterly beat
July 22 : Alphabet on Wednesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.The search giant now expects to spe
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Google increases capex forecast again after cloud-driven earnings beat
July 22 : Alphabet on Tuesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.The search giant now expects to spend
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Google beats quarterly revenue expectations off of enterprise AI surge
July 22 : Alphabet topped Wall Street estimates for its second-quarter revenue, buoyed by continued strong demand for its cloud computing services from enterprises worldwide.Revenue at Google Cloud rose 82 per cent to $24.8 billion during the quarter ended June, accelerating from the 63 per cent jump reported
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Alphabet’s Gemini delay, spending worries loom over earnings
July 21 : Alphabet faces heightened scrutiny from investors as a delay in the launch of a model key to its AI ambitions adds to worries over the payoff from massive data-center spending, months after raising expectations with a blockbuster quarter for cloud sales. The Google parent — set to report second-qu
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Five cloud business groups urge EU interim measures against Broadcom
BRUSSELS, July 14 : The Cloud Infrastructure Services Providers in Europe (CISPE) has joined forces with four other trade groups to urge EU antitrust regulators to suspend some business practices of U.S. chipmaker Broadcom, according to a joint letter seen by Reuters.CISPE , which has nearly 50 members acros
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Exclusive-AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
SAN FRANCISCO, July 14 : AI cloud computing company CoreWeave is exploring the use of financial derivatives as a potential hedge against a future drop in memory and storage chip prices, according to a person familiar with the matter.The unusual move underscores how deeply the AI boom has entangled cloud provi
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Italy reshapes national cloud company as Leonardo, Poste target control, sources say
MILAN/ROME, July 6 : Italian defence group Leonardo is preparing to increase its stake in the company that manages cloud services for Italy’s public administration by acquiring an additional 10 per cent from state-owned IT company Sogei, sources told Reuters.Leonardo, which already owns 25 per cent of the so-
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The cloud comes to town – coming soon
The cloud is supposed to be invisible. Limitless. Until it isn’t. Coming soon, Living Planet goes in search of the hidden infrastructure being built to power our digital futures.
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Italy’s Intesa shifts core IT banking systems to Google’s cloud technology
MILAN, July 2 : Italy’s biggest bank Intesa Sanpaolo on Thursday said it had completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology. • Replacing existing core IT infrastructure, known as mainframes, with cl
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EU targets Amazon, Microsoft cloud units for Big Tech “gatekeeper” rules
BRUSSELS, June 25 : EU antitrust regulators said Amazon and Microsoft’s cloud computing services should be designated as “gatekeepers” under landmark tech rules, a step that would subject them to strict obligations aimed at curbing market power.The designation under the Digital Markets Act would impose a
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