All articles tagged with #cloud computing
Originally Published 10 days ago — by Yahoo Finance
Mizuho reaffirms an Outperform rating and $400 target for Oracle despite mixed Q2 results, highlighting strong cloud momentum, strategic financing plans for AI infrastructure, and ongoing confidence in its growth prospects, though noting some revenue misses and market concerns over debt.
Originally Published 15 days ago — by Yahoo Finance
The article discusses Amazon's history of stock splits, recent performance, and its strategic focus on AI, cloud services, and advertising, making it a strong long-term investment option to hold for at least a decade.
Originally Published 19 days ago — by Investor's Business Daily
Microsoft is optimistic about its AI-driven growth, especially in cloud computing, and expects to prove skeptics wrong by 2026, with analysts highlighting its strong position and potential for significant revenue and profit growth. Despite recent stock dips, experts see Microsoft as a top long-term investment in the AI era.
Originally Published 24 days ago — by Palo Alto Networks
Palo Alto Networks and Google Cloud have expanded their partnership to enhance AI security, integrating Palo Alto's Prisma AIRS platform with Google Cloud's AI infrastructure to secure AI workloads, improve security management, and streamline deployment across hybrid multicloud environments, while also migrating Palo Alto's internal workloads to Google Cloud.
Originally Published 26 days ago — by The Guardian
Amazon is in negotiations to invest over $10 billion in OpenAI, potentially boosting its valuation above $500 billion, to support OpenAI's extensive cloud computing needs and development of AI technologies like ChatGPT, amid broader funding and strategic initiatives.
Originally Published 28 days ago — by Ed Zitron's Where's Your Ed At
The article critiques the exaggerated hype surrounding AI and cloud computing, highlighting massive, often misleading financial deals by companies like Oracle and NVIDIA, and questioning the authenticity of the AI boom, which is driven more by mythology and propaganda than real demand or technological breakthroughs.
Originally Published 2 months ago — by The Hacker News
Google has introduced Private AI Compute, a secure cloud platform that processes AI queries with on-device-level privacy using advanced hardware and encryption techniques, ensuring user data remains private and protected from unauthorized access or breaches.
Originally Published 2 months ago — by The Verge
Google is launching a new cloud-based platform called Private AI Compute that enables advanced AI features on devices while maintaining user privacy, similar to Apple's Private Cloud Compute, allowing more complex AI tasks to be processed securely in the cloud without compromising data security.
Originally Published 2 months ago — by Reuters
Nebius, an AI cloud company, signed a $3 billion deal with Meta to provide AI infrastructure over five years, amid a more than fourfold increase in its third-quarter revenue to $146.1 million. Despite revenue growth, the company's shares fell due to increased capital spending and a quarterly loss. Nebius's market value has surged to $27.61 billion, driven by high demand for AI and high-performance computing capacity, with significant contracts including deals with Meta and Microsoft.
Originally Published 2 months ago — by Investor's Business Daily
Nebius reported a larger-than-expected Q3 net income loss of nearly $120 million amid revenue growth and announced a $3 billion AI compute infrastructure deal with Meta Platforms, while also raising capital through an equity offering. Despite the loss, its stock rose 6.2%, supported by significant revenue growth and strategic partnerships in AI cloud services.
Originally Published 2 months ago — by Barron's
Amazon and OpenAI have announced a $38 billion, seven-year deal for Amazon Web Services to provide infrastructure for OpenAI's AI workloads, including ChatGPT, boosting Amazon's stock and strengthening their partnership in AI development.
Originally Published 2 months ago — by Forbes
Jeff Bezos's net worth increased by approximately $10 billion after Amazon's stock rose over 4% following a $38 billion cloud computing deal with OpenAI, which secures Amazon Web Services as OpenAI's provider for AI technologies, contributing to Amazon's recent strong earnings and boosting Bezos's wealth to an estimated $264.1 billion.
Originally Published 2 months ago — by WIRED
OpenAI has signed a multi-year agreement to purchase $38 billion worth of AWS cloud infrastructure to support its AI training and services, marking a significant partnership between the AI startup and Amazon.
Originally Published 2 months ago — by BBC
OpenAI has signed a $38 billion, seven-year deal with Amazon Web Services to access cloud computing infrastructure, reducing its reliance on Microsoft and supporting its AI development with Nvidia graphics processors. This move reflects the massive demand for computing power driven by AI growth and marks a strategic shift in OpenAI's partnerships, amid a broader trend of significant investments and collaborations in the AI sector.
Originally Published 2 months ago — by Investor's Business Daily
Amazon's stock hit record highs after announcing a $38 billion multiyear cloud partnership with OpenAI, marking its first cloud contract with the AI company and boosting investor confidence following strong earnings and cloud growth. The deal involves access to Nvidia chips and expands Amazon's AI cloud capabilities, while OpenAI's restructuring and other cloud deals highlight a competitive AI cloud landscape.