cloud computing

March 6, 2025

Alibaba Unveils AI Model to Rival DeepSeek, Shares Surge

Alibaba shares surged after the Chinese tech giant unveiled a new AI reasoning model it claims can rival DeepSeek’s widely acclaimed R1. Stock Performance and Market Reaction Hong Kong-listed shares of Alibaba

March 4, 2025

JPMorgan and Starwood Lend $2B for Utah AI Data Center

JPMorgan Chase (NYSE:JPM) and Starwood Property Trust (NYSE:STWD) have agreed to provide a $2 billion loan for the construction of a 100-acre AI data center in Utah, making it one of the

June 30, 2025

Oracle Hits Record High on $30B Cloud Deal News

Massive agreement signals strong AI and cloud momentum Oracle shares surged 4% to a new all-time high after a regulatory filing revealed a blockbuster cloud deal that could bring in more than

Oracle Soars 40% on Explosive Cloud and AI Demand

by Jamie Spencer

Stock nears $1 trillion valuation after record-breaking forecast Oracle shares surged 40% on Wednesday, putting the company on track for its best trading day since 1992 and pushing its market capitalization to

September 10, 2025

Oracle Surges 27% Despite Mixed Earnings Report

by Jamie Spencer

AI cloud momentum drives stock to post-market record Oracle shares soared 27% in after-hours trading Tuesday following strong signals of future growth tied to major cloud infrastructure deals, even as the company

September 9, 2025

Amazon Cuts Jobs in AWS Amid Refocus on Priorities

by Jamie Spencer

Layoffs Hit Cloud Division After Internal Review Amazon confirmed it is laying off employees within its cloud computing arm, Amazon Web Services (AWS), as part of a restructuring effort aimed at realigning

July 17, 2025

Microsoft Cuts 9,000 Jobs, Trims Xbox and Sales Teams

by Jamie Spencer

Layoffs target gaming and global divisions as AI investments climb Microsoft is laying off approximately 9,000 employees, marking its largest round of job cuts in over two years. The move, which affects

July 3, 2025

Amazon Pledges $20B for AI Data Centers in Australia

by Jamie Spencer

Amazon has announced a major expansion of its data center infrastructure in Australia, committing A$20 billion ($12.97 billion) from 2025 to 2029. The investment marks Amazon’s largest global technology initiative in Australia,

June 16, 2025

AMD Unveils Next-Gen MI400 AI Chips, Competing with Nvidia

by Jamie Spencer

AMD’s New Chips and AI Strategy Advanced Micro Devices (AMD) announced details of its next-generation AI chips, the Instinct MI400 series, which will be available in 2025. These chips will be assembled

June 12, 2025

SoftBank to Acquire Ampere Computing for $6.5 Billion

by Jamie Spencer

Deal Expands AI and Semiconductor Investments SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a semiconductor startup specializing in Arm-based server chips, for $6.5 billion. The Japanese conglomerate expects

March 20, 2025

Alibaba’s Revenue Soars Amid AI Investment Boom

by Jamie Spencer

Chinese e-commerce giant Alibaba Group Holding posted its fastest revenue growth in over a year, surpassing analyst expectations as it capitalizes on China’s artificial intelligence boom. Strong Financial Performance For the quarter

February 20, 2025

Big Tech Races to Lead AI With Massive Investments

by Jamie Spencer

Big-Tech’s-AI-Spending-Surges-as-Firms-Race-for-Market-Dominance Big Tech companies are making massive investments in artificial intelligence (AI), with Meta (META) planning to spend up to $65 billion on AI infrastructure in 2025. As the competition heats up,

January 27, 2025

Amazon Expands AI Ambitions with New Custom Chips to Challenge Nvidia

by Jamie Spencer

Amazon is gearing up to unveil its latest artificial intelligence (AI) chips as it intensifies its push to reduce dependency on Nvidia and maximize returns from its substantial semiconductor investments. The Big

November 12, 2024

1 2 Next

Suggestions

cloud computing