AI bets pay off: Alibaba posts 5% revenue rise as AI app hits 10 million downloads; cloud business accelerates
Alibaba’s September quarter saw a revenue surge, exceeding expectations, driven by its popular new AI app, Qwen, which garnered over 10 million downloads in its ...
Cloud expansion: Amazon to invest $50 bn in US government AI infrastructure; AWS expands secure cloud capacity
Amazon is injecting a massive $50 billion into expanding its AI and supercomputing capabilities for the US government. This significant investment aims to equip federal ...
Data centre boom: India’s capacity to hit 8GW by 2030
India’s data centre capacity is set to surge fivefold to 8GW by 2030, driven by rising data consumption, cloud adoption, and AI. This expansion, requiring ...
Digital surge ahead: India’s data centres to grow fivefold by 2030
India’s Data Center Boom: A Digital Transformation Story India is on the cusp of a digital revolution, and at the heart of it all lies ...
GTRI flags risks of US tech dependence; calls for self-reliance by 2030
India confronts significant economic and security vulnerabilities due to its heavy reliance on US digital platforms, as highlighted by GTRI. The think tank advocates for ...
AI cloud surge: Oracle’s Nvidia moment? What to know about firm’s sudden rise
Oracle’s shares experienced a significant surge following the announcement of multibillion-dollar AI cloud infrastructure deals, including a landmark agreement with OpenAI. This surge briefly propelled ...
Oracle shares soar 35% on AI demand; market valuation nears $915 billion; semiconductor stocks rally
Oracle’s shares experienced a significant surge, climbing approximately 35% due to heightened demand for its cloud services from AI firms. This surge reflects the increasing ...
Staffing trends: Tech recruitment stagnant; AI & cloud skills drive demand outside IT
India’s IT services sector faces flat hiring for six to seven quarters, with demand shifting to GCCs and non-IT sectors. Quess Corp benefits from this ...
Cloud run hits Amazon shares: Stock drops over 7% as AWS trails Microsoft and Google in AI-driven cloud growth; $170bn market cap erased
Amazon shares experienced a significant drop following the release of its Q2 earnings report, primarily due to the slower-than-expected growth of Amazon Web Services (AWS). ...
Cloud run hits Amazon shares: Stock drops over 7% as AWS trails Microsoft and Google in AI-driven cloud growth; $170bn market cap erased
Amazon shares experienced a significant drop following the release of its Q2 earnings report, primarily due to the slower-than-expected growth of Amazon Web Services (AWS). ...
