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Keywords: Cloud Computing
Artificial intelligence chip developer SambaNova has raised $1 billion in a major late-stage funding round, lifting the company’s valuation to $11 billion as demand grows for specialised computing infrastructure designed to support advanced AI systems. The funding round was led by investment firm......
Amazon is preparing to raise at least $25 billion through a U.S. dollar-denominated bond offering, according to a media report, as the technology giant seeks additional funding to support its expanding artificial intelligence strategy. The planned debt issuance would rank among the company's largest......
Oracle has reduced its global workforce by approximately 21,000 employees over the past fiscal year as part of a major restructuring driven by artificial intelligence adoption and the expansion of cloud infrastructure operations. According to the company’s annual report, the U.S.-based software......
Energy giant Chevron and technology leader Microsoft have entered into a long-term agreement aimed at powering large-scale artificial intelligence data infrastructure using electricity generated from natural gas, highlighting the growing energy demands of the digital economy. Under the agreement, Chevron......
Amazon has announced that its operations in India have reached a significant milestone in water conservation, as global technology companies face increasing scrutiny over the environmental impact of expanding data centre infrastructure. The company said its Indian operations have become “water......
Cisco has unveiled a new suite of software solutions designed to help organizations deploy artificial intelligence agents capable of protecting digital infrastructure from increasingly sophisticated cyber threats. The announcement reflects a growing shift in the cybersecurity industry, where artificial......
Hewlett Packard Enterprise (HPE) shares jumped nearly 29% in premarket trading on Tuesday, driven by strong investor confidence in the company’s outlook amid growing demand for artificial intelligence infrastructure. The surge followed the company’s decision to accelerate its long-term financial......
Snowflake shares surged in premarket trading after the data analytics company raised its annual product revenue forecast and announced a major long-term partnership in artificial intelligence infrastructure. The company revealed a five-year agreement with Amazon Web Services (AWS) worth approximately......
Alibaba Group reported a rise in quarterly revenue, driven by strong performance in its cloud computing and artificial intelligence divisions, alongside steady growth in its e-commerce operations. The Chinese technology giant posted a 3% increase in revenue for the fourth quarter, supported by expanding......