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...That figure, which comprises reported corporate capex from Alphabet and Microsoft and Amazon’s businesswide investment in property and equipment, marked an almost 10 per cent rise from the quarter to June...
...Seattle-headquartered Microsoft is OpenAI’s main partner, having invested $13bn in the start-up, much of it in the form of credits for Microsoft’s cloud....
...Google has a 10-year deal with derivatives exchange CME Group and invested $1bn in the Chicago-based business....
...Regulators are worried that Big Tech companies may be taking advantage of AI companies’ insatiable need for computing power to train large language models, by luring cash-strapped start-ups to their cloud...
...The big three cloud computing providers have pledged to defend business customers from such intellectual property claims....
...“You don’t want a cloud provider that’s beholden primarily to one model provider, you need a real choice . . . The events of the past 10 days have made that very clear.”...
...The Brooklyn Tower, as it is known, is scheduled to go to auction on June 10 after its lender, Silverstein Capital Partners, initiated foreclosure procedures against Stern’s company, JDS Development Group...
...The Seattle-based company reported a rebound in pre-tax earnings, which climbed to $13.2bn compared with $2.7bn in the same period in 2022, well ahead of analysts’ expectations for $10.4bn....
...Brad Smith, Microsoft’s president, unveiled a “multiyear partnership” with Paris-based Mistral on Monday, to help the 10-month-old company bring its AI models to market....
...Three months ago, Microsoft said that extra demand from AI had added six percentage points of growth to its Azure cloud platform, as customers started to test the technology....
...Microsoft head of gaming Phil Spencer last month revealed plans to release what would previously have been exclusively Xbox games for use on rival platforms, as part of a new focus on cloud-based gaming....
...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....
...Hong Kong-listed shares in the ecommerce conglomerate fell as much as 10.4 per cent on Friday after the group announced the moves alongside disappointing third-quarter earnings....
...Luring individuals to use new generative AI tools could also bolster Microsoft’s closely watched cloud computing division, since ChatGPT runs on its cloud platform....
...The first involves preventing cloud companies using onerous data-transfer charges to discourage customers from taking their business to a rival cloud....
...Google is their largest competitor with a 5 to 10 per cent share....
...Cloud expansion merits that position....
...Tatcha’s The Liquid Silk Canvas (£51) and Milk Makeup’s Cloud Glow Priming Foam (£25) include radiance-boosting ingredients such as Mozuku algae and fermented Uji green tea....
...“We are seeing good subscription momentum on PC and cloud,” Spencer said....
...with a far bigger cloud business than Google....
...Alibaba’s US-listed shares fell 10 per cent at the open in New York....
...— 10 Popular Questions About Monetary Policy (Dario Perkins) — The invisible seafaring industry that keeps the internet afloat (The Verge) — Matt Klein on inflation and car insurance (The Overshoot $...
...WPP: Shares in the UK-based advertising and communications group climbed 2.7 per cent in early trade a day after it announced a partnership with Google Cloud to advance generative AI-driven marketing systems...
...Apple has largely been left out of the AI fervour that has propelled Microsoft, which is OpenAI’s largest backer and cloud hosting provider as well as a pioneer in deploying AI chatbots across its search...
...The Swedish telecoms-equipment maker has written $2.9bn off the value of the US cloud based telecom group it bought at the end of 2021....
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