Tag: cloud
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Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
BRUSSELS, June 25 : Amazon and Microsoft’s cloud computing services should be designated gatekeepers under EU rules aimed at reining in the power of Big Tech, EU antitrust regulators said on Thursday.Amazon Web Services and Microsoft Azure, the two largest cloud providers globally, should be designated gateke
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Amazon to invest additional $13 billion in India cloud, AI
June 25 : Amazon said on Thursday it will invest an additional $13 billion by 2030 in India to expand its AI and cloud infrastructure.The new investment is in addition to its planned $35 billion funding announced last year, taking the e-commerce firm’s investment in the country to $48 billion through 2030.
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France’s OVHcloud confirms outlook, posts higher quarterly growth on public cloud strength
June 25 : French cloud computing group OVHcloud reported organic revenue growth of 6.9 per cent in the third quarter, up from 5.1 per cent in the previous quarter, supported by its public cloud division, and also confirmed its full-year outlook. The growth was led by markets outside France, with the rest
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HSBC partners with Google Cloud to expand AI usage
LONDON, June 17 : HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building the British bank’s artificial intelligence capabilities. The tie-up marks the latest step in HSBC CEO Georges Elhedery’s drive to embrace the revenue-generating and cost-savings powe
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Oracle says details in report of failed Microsoft cloud deal talks ‘inaccurate’
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart due to securit
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Oracle says details in report of failed Microsoft cloud deal ‘inaccurate’
June 16 : Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.The report had said that Microsoft’s discussions with Oracle regarding a cloud infrastructure leasing deal have fallen apart due to securit
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Microsoft sued by shareholders over expenses, cloud business, AI
June 15 : Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.The proposed class action led by a Michigan pension fund w
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Google Cloud outage in India after third-party data centre fire triggers shutdown
June 9 : Alphabet’s Google Cloud said on Tuesday that some customers in India experienced intermittent network disruptions after a fire at a third-party data centre triggered an emergency shutdown of networking equipment.The cloud-computing unit said the fire led to an emergency power shutdown at the facility
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SpaceX signs cloud deal with Google
June 5 : SpaceX said on Friday it has entered into a multi-year cloud service agreement with Alphabet’s Google for access to compute capacity.As part of the deal, Google will pay SpaceX $920 million per month from October this year to June 2029, with capacity ramping up through September at a reduced fee, Elo
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Pinterest deepens Amazon partnership with $4 billion cloud deal
June 4 : Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its largest-ever deal.Shares of Pinterest were up nearly 5 per cent, while those of Amazon rose 1.7 per cent.Amazon.com’s
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