Alibaba Chairman Joe Tsai outlined the company's "all in" AI strategy at VivaTech in Paris, citing a potential $50 trillion market. He emphasized a "full-stack" investment approach across chips, cloud, models, and applications, believing it's too early to pinpoint AI's biggest profit centers.
Alibaba Cloud has launched its first data centers in France, expanding its European presence to meet growing demand and support data sovereignty initiatives. This move positions the company to offer AI services across the region.
Microsoft reportedly ended talks for a $3 billion cloud infrastructure deal with Oracle due to FedRAMP security concerns. Oracle disputes the claims, highlighting their partnership. The failed deal underscores the strain on computing resources amid the AI boom, with Microsoft seeking capacity elsewhere.
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.
Meta is reassigning over 7,000 employees to new AI-focused teams, including AI cloud infrastructure and an internal AI agent codenamed Hatch. This move, coupled with upcoming layoffs and controversial employee data monitoring for AI training, is causing significant discontent and organizing efforts among staff.
IREN Limited has closed a $3 billion convertible senior notes offering, raising $2.96 billion to fund its expansion into AI infrastructure. The capital will support recent major deals with Microsoft and Nvidia, marking a significant shift from its cryptocurrency mining roots.
General Motors has laid off over 600 IT employees, signaling a significant shift towards AI-focused hiring. The automaker is replacing traditional IT roles with specialists in AI development, data engineering, and cloud infrastructure. This strategic 'skills swap' aims to build AI systems internally, rather than just integrating AI tools, reflecting a broader industry trend.
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.
Datadog's results fueled shares of other cloud infrastructure names like Snowflake and MongoDB.
As Bitcoin miner IREN shifts toward AI cloud infrastructure, leveraging a Microsoft deal and GPU expansion, analysts expect mining revenue to decline over time.
Amazon’s Chainlink integration lets enterprises connect cloud infrastructure with blockchain networks through familiar AWS tools.
EU officials are scrambling to secure systems after cyberattacks targeted EU phones and infrastructure. The European Commission has blamed a major cybercrime group for a cloud infrastructure breach in which hackers stole and leaked personal data.
