Keywords: AI infrastructure


Schneider Electric sees India data center business outpacing core growth on AI boom

India’s rapidly expanding digital economy and the rise of artificial intelligence are reshaping the country’s infrastructure needs, with data centers emerging as one of the fastest-growing segments. Schneider Electric expects its data center operations in India to grow significantly faster......

Amazon plans $33 billion cloud and AI expansion across Southeast Asia

Amazon said Thursday that its cumulative investment in cloud computing and artificial intelligence infrastructure across Indonesia, Malaysia, Singapore and Thailand is expected to exceed $33 billion by 2039, reinforcing Southeast Asia’s position as a growing global hub for digital infrastructure. The......

Meta ad revenue projected to hit $240 billion amid AI spending surge

Meta Platforms is expected to generate about $240 billion in advertising revenue during 2026, according to a new report from WARC Media, reinforcing the company’s dominance in digital advertising even as investors grow concerned about mounting artificial intelligence costs. The report estimated......

Alibaba misses revenue forecasts as AI spending weighs profits

Alibaba reported fourth-quarter revenue of 243.38 billion yuan for fiscal year 2026, marking a 3 percent year-on-year increase but falling short of market expectations of around 246.5 billion yuan. The result highlights continued pressure from heavy investment in artificial intelligence infrastructure......

AMD forecast sparks AI-driven rally in US chipmaker stocks

Shares of major U.S. semiconductor companies rose sharply on Wednesday after strong forecasts from Advanced Micro Devices (AMD) boosted investor confidence in long-term demand for artificial intelligence infrastructure. AMD shares jumped nearly 18% in premarket trading, while other chipmakers including......

Wall Street raises Amazon price targets after strong first quarter earnings

Amazon reported first quarter results that exceeded expectations across revenue, profit, and operating income, prompting a broad wave of price target increases from Wall Street analysts. The performance was driven by strong growth in cloud computing and improved operating margins, even as investor concerns......

Featherless.ai raises 20 million dollars to scale open source AI platform

Featherless.ai has secured 20 million dollars in a Series A funding round to expand its open source artificial intelligence infrastructure. The company, based in San Francisco, develops a serverless inference platform designed to simplify and accelerate access to large scale AI models for developers......

Tech giants raise ai investment plans to $725 billion in 2026

Major technology companies are scaling up spending on artificial intelligence infrastructure to unprecedented levels, with combined capital expenditure plans nearing $725 billion for 2026. The surge follows quarterly earnings reports released on April 29 by Alphabet, Amazon, Meta and Microsoft, all of......

Cognizant to acquire Astreya for about $600 million to boost ai infrastructure strategy

Cognizant Technology Solutions has announced an agreement to acquire IT services provider Astreya in a deal valued at approximately $600 million, strengthening its position in the rapidly growing artificial intelligence and cloud infrastructure market. Astreya specializes in IT operations, AI infrastructure,......