Tag: cloud
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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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Nvidia pauses revenue-sharing deals with AI cloud companies, WSJ reports
Aug 27 : Nvidia has paused some deals in a new financing initiative that offered credit support to AI cloud companies in exchange for a share of revenue, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Some Nvidia employees expressed concerns to current and potential custo
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Nebius powers past estimates as customers race to secure AI computing power
Aug 12 : Nebius beat quarterly revenue estimates on Wednesday as booming demand for AI infrastructure helped it land larger contracts and increase prices, sending shares of the cloud-computing company up more than 20 per cent.The results came a day after larger rival CoreWeave raised its annual forecasts, wit
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ArcelorMittal expands Microsoft partnership on cloud
Aug 3 : Steelmaker ArcelorMittal said on Monday it was expanding its collaboration with Microsoft as part of its “Cloud First, Data Centric” strategy, which uses Azure as its primary cloud computing platform.The company said it would integrate Microsoft Fabric, Purview and Foundry to modernize its IT systems,
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Amazon soars as cloud revenue surge allays fears over ballooning AI bets
July 31 : Amazon shares surged 13 per cent premarket on Friday after the tech giant’s solid cloud sales growth reinforced investor confidence in its massive AI bets and quashed any concerns about the company trailing its Big Tech rivals in the AI race. The e-commerce and cloud titan posted its strongest cloud
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Amazon beats cloud sales growth estimates; shares jump
July 30 : Amazon.com beat market expectations for quarterly cloud sales growth on Thursday, calming prior fears among investors over hefty planned outlays for artificial intelligence development.Shares in the Seattle-based online retailer jumped more than 9 per cent after the market’s close, following a 3.9 p
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Scale AI taps former Google Cloud executive as CEO
July 30 – Scale AI said on Thursday it had named former Google Cloud executive Francis DeSouza as chief executive officer, effective August 10, as the AI company looks to expand its data and applications businesses.DeSouza will succeed Jason Droege, who has served as interim CEO since June last year. Droege w
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Cyber firm Wiz says flaw could have led to mass exposure of Microsoft cloud customers
WASHINGTON, July 30 : Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers.Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft database service, Azure CosmosDB, would
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