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...$10bn in renewable electricity projects to be developed by Brookfield Asset Management, in a deal that underscores the race to meet clean-energy commitments while satisfying the voracious power demands of cloud...
...Microsoft said AI-related demand delivered an unexpected boost to cloud growth in the most recent quarter....
...suggest Apple is focused on deploying generative AI on its mobile devices, a breakthrough that would allow AI chatbots and apps to run on the phone’s own hardware and software rather than be powered by cloud...
...Under BC Partners, Presidio has grown rapidly, including through the acquisitions of Irish IT business Arkphire and cloud technology company Coda....
...In January, TikTok chief executive Shou Zi Chew insisted US user data had been moved “out of reach” from China to a firewalled cloud structure built in a $1.5bn partnership with Oracle, known as “Project...
...It has offered access to SGE to only a select few users, including some subscribers to its Google One bundle that offers benefits such as extra cloud storage for a monthly fee....
...But for those building cloud infrastructure, investors took even bolder AI spending plans in their stride....
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...Alibaba Cloud has distributed the majority of its advanced GPUs to business units within the Alibaba Group, said two employees of the cloud business....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...AbbVie, Colgate-Palmolive, Phillips 66, T Rowe Price and Newell Brands also report results....
...Regulatory approval for full-self-driving will reveal the similarities between Tesla and AWS, Amazon’s cloud-computing cash cow, he said, later adding that we should “think of [Tesla’s fleet] as a combination...
...But it expects revenue growth at its cloud division to decelerate slightly to 18-19 per cent in the current quarter, while Azure growth would remain stable....
...It recently announced a five-year, $1.1bn deal with Coca-Cola to use cloud and AI services. In its earnings call this week it said that demand for AI tools slightly exceeded capacity....
...Google Cloud will be a crucial growth driver for Alphabet amid rising demand for generative AI....
...Other standouts included the drama series Griselda with 66.4mn views and 3 Body Problem with about 40mn....
...Exit values are down 66 per cent from their 2021 peak. In 2023, 38 per cent fewer buyout funds closed, and deal values have fallen by 60 per cent over the past two years....
...Apple already sells TV and music streaming, cloud storage, gaming, payments, advertising, etc. What worlds are left to conquer?...
...Pichai’s blog on Thursday also addressed an employee protest this week against an AI and cloud contract with the Israeli government and military....
...It launched Amazon Q, an AI-powered assistant for users of its cloud services, in November....
...Investors are monitoring when the slowdown in cloud growth — as companies have sought to cut costs — will bottom out, and what effect tighter enterprise budgets will continue to have on cloud providers including...
...with a far bigger cloud business than Google....
...And it starts to do some computation, it generates some tokens, it sends them to the cloud. The cloud now has less computation to do to give you the answer....
...These are “superapps” that enfold many different services and would make the App Store less central, and cloud gaming services that can rely on less powerful handsets, weakening the need for an iPhone....
...The company has said ByteDance is not controlled by the Chinese government and that all US data is routed to Oracle Cloud. The US bill now moves to the Senate....
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