The EU is proposing "technological sovereignty" measures to reduce reliance on US and Chinese tech suppliers in cloud computing, AI, and semiconductors. The plan aims to prevent foreign governments from accessing "kill switches" for vital services and requires risk assessments for foreign providers.
The EU is proposing new rules to ensure no foreign government or company has a 'kill switch' over vital tech services, aiming to reduce dependencies on the US and China in cloud computing, AI, and semiconductors. The move could increase tensions with the US.
The European Commission proposed new rules to boost homegrown chips, AI, and cloud services, aiming to reduce reliance on US and Chinese tech. A Cloud and AI Development Act (CADA) will set sovereignty levels for cloud computing and address risks from third-country providers.
Alibaba's chairman Joe Tsai and CEO Eddie Wu Yongming stated in a shareholder letter that the addressable market for full-stack AI providers like Alibaba is expected to grow exponentially. They also noted that China is building its "AI factory" through Alibaba's cloud computing unit.
Alibaba's senior VP Liu Weiguang described AI as a new form of manufacturing at the Alibaba Cloud Summit, calling their operations "China's AI factory." The company also launched Qwen3.7-Max, a new LLM for AI agents.
Alibaba's shares rose sharply in Hong Kong and New York after reporting strong Q1 growth driven by AI products and cloud computing, despite missing revenue estimates.
Cybersecurity and cloud computing firm Akamai reported first-quarter earnings on Thursday and saw its cloud infrastructure business grow 40% year-on-year.
Cybersecurity and cloud computing firm Akamai reported first-quarter earnings on Thursday and saw its cloud infrastructure business grow 40% year-on-year.
Cybersecurity and cloud computing firm Akamai reported first-quarter earnings on Thursday and saw its cloud infrastructure business grow 40% year-on-year.
Cybersecurity and cloud computing firm Akamai reported first-quarter earnings on Thursday and saw its cloud infrastructure business grow 40% year-on-year.
Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructureAI companies in Europe risk losing their world-leading status in the field of machine translation, industry figures have said, after the decision by one of the continent’s leading startups to partner with Amazon’s cloud computing division provoked alarm.While businesses in the EU have generally lagged behind the US and China in AI adoption, a small group of European companies have cornered the global market for high-quality machine translations for professional use. Continue reading...
Cloud computing giants cannot afford to pinch pennies on the artificial intelligence buildout, CNBC's Jim Cramer argued Wednesday.
Four of the Magnificent Seven tech stocks reported quarterly results, with Amazon, Alphabet and Microsoft beating expectations thanks to double-digit cloud computing growth driven by AI adoption. Meta missed expectations and saw its stock fall 5% after announcing increased capital expenditures. The companies plan to spend $650bn collectively on AI infrastructure in 2026, while over 92,000 tech workers have been laid off globally this year as AI replaces human labor.
Samsung SDS has partnered with Google Cloud to collaborate on AI, cloud computing, and security sectors. The partnership was signed during Google Cloud Next 2026 in Las Vegas. Samsung SDS will leverage Google Distributed Cloud to expand into high-security and regulated markets such as public and financial sectors, and provide enterprise customers access to Google's Gemini Enterprise and agentic AI solutions through its Samsung Cloud Platform.
Pfizer and Amgen, each valued at over HK$1 trillion, are among 22 strategic enterprises planning to open or expand offices in Hong Kong. The companies from fintech, cloud computing and aerial transport sectors will sign agreements with the Office for Attracting Strategic Enterprises, marking the sixth cohort under the government's flagship investment-attraction initiative.
