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Cloud Computing

All articles tagged with #cloud computing

business1 day ago•18 min saved

Amazon Rises on AWS Growth, Outshining Tech Anxiety

Amazon shares rose about 1.8% to around $263.16 after stronger AWS growth—37% to $42.2 billion—helped offset broader tech worries, as second-quarter sales climbed 20% to $200.6 billion. AWS’s booming performance underscored the company’s cloud moat, while Amazon said 2026 capital spending could reach roughly $220 billion, about $20 billion more than prior plans, signaling continued cloud investment even as trailing free cash flow remains negative.

via Yahoo Finance|

#amazon #aws #business

business2 days ago•2 min saved

Alibaba taps HK market to fund AI push after profits slump

Alibaba priced an HK$80 billion share placement, issuing 710 million new shares at HK$112.70 each to non-U.S. investors, with net proceeds earmarked for expanding AI capabilities and infrastructure. The move follows a 75% quarterly profit drop as AI spending weighed on results, with capital expenditure up 75% to 67.7 billion yuan; Alibaba had pledged to invest at least 380 billion yuan in AI and cloud infrastructure over three years. The stock slid up to about 10% in Hong Kong after the news.

via CNBC|

#ai #alibaba #business

business4 days ago•4 min saved

Apollo exposes personal data in cloud breach tied to social engineering

Apollo Global Management said hackers gained unauthorized access to information on its cloud platforms from July 6–10, exposing names, birth dates, home addresses and Social Security numbers; the breach is attributed to a social engineering incident, law enforcement was notified, and there is no evidence yet that personal data was publicly posted or used for fraud.

via Financial Times|

#apollo-global-management #business #cloud-computing

business5 days ago•2 min saved

Alibaba's AI push dents profits despite cloud growth

Alibaba reported a 75% year‑on‑year drop in June-quarter net income as AI-related capex jumped 75% to 67.7 billion yuan, even as revenue rose 9% to 268.95 billion yuan and cloud revenue climbed 45% to 48.4 billion yuan. AI‑related product revenue delivered triple‑digit growth for the twelfth straight quarter, though higher compute costs and overall capex raised concerns about returns, with free cash flow negative by 44.7 billion yuan. The stock fell roughly 4.6–5% in U.S. trading as Alibaba continues its full‑stack AI push and price increases for AI computing/storage products amid intensifying competition.

via CNBC|

#ai #alibaba #business

business8 days ago•21 min saved

Buffett-Led Berkshire Boosts Alphabet Stake 658% in a Quarter, Eyes Upside

Berkshire Hathaway boosted its Alphabet stake by about 658% in the latest quarter, with 24/7 Wall St. assigning a Buy rating and a $445.49 price target (roughly 30% upside from recent levels). Alphabet trades around 17x trailing earnings, cheaper than Microsoft and Meta, while Google Cloud’s $514 billion backlog and 82% revenue growth bolster the bull case. Key risks include heavy 2026 capital expenditure and negative free cash flow, though analysts see continued cloud momentum and AI adoption as catalysts.

via 24/7 Wall St.|

#ai #alphabet #berkshire-hathaway

business12 days ago•1 min saved

AI rally depends on OpenAI and Anthropic as Chinese competition grows

Hedge fund investor Steve Eisman warns the AI boom is heavily dependent on OpenAI and Anthropic, which account for a large share of AI-related revenue at major cloud firms. He cautions that cheaper Chinese open-source models could spark a price war and threaten returns, echoing concerns from other investors like Michael Burry.

via CNBC|

#anthropic #artificial-intelligence #business

industries14 days ago•24 min saved

CoreWeave rides AI momentum to beat earnings as backlog surges and guidance rises

CoreWeave reported Q2 revenue of $2.58 billion and an adjusted net loss of $567 million, beating expectations and leaving a backlog of $104 billion, as AI infrastructure demand remains strong. The stock jumped about 14% after hours, with management calling the quarter an important inflection point driven by capacity expansion and operating leverage. The company highlighted notable customer wins (including Isomorphic Labs) and Nvidia collaboration, flagged a sharply higher capex run rate (about $9.4 billion this quarter), and raised full-year guidance to $12.4–$13.2 billion and Q3 guidance to $3.45–$3.6 billion, with margins expected to climb into the low teens by Q4.

via MarketWatch|

#ai-infrastructure #artificial-intelligence #cloud-computing

business14 days ago•3 min saved

Oracle preps fresh layoffs to finance AI push

Oracle plans another round of layoffs to trim payroll as it borrows billions to fund AI infrastructure, with internal documents suggesting double-digit cuts in some teams and a Sept. 1 deadline for reductions. This follows a 2026 fiscal year in which headcount fell about 21,000 (13%) to roughly 141,000. The company spent $55.7 billion on infrastructure and raised about $43 billion in debt, with roughly $40 billion more expected, while revenue rose 17% and cloud infrastructure grew 77%; the stock has fallen about 26% this year, and Ellison has downplayed AI fears.

via Business Insider|

#ai-infrastructure #business #cloud-computing

business19 days ago•11 min saved

Alphabet Bets Big on AI, Taps Bond Markets for AI-Driven Cloud Build

Alphabet plans to raise up to $25 billion in investment-grade bonds to fund data-center and AI infrastructure, after boosting its 2026 capital expenditure forecast to $195–$205 billion. Q2 spending remained high as Google Cloud revenue surged 82% and backlog reached $514 billion, while free cash flow was negative (-$5.9 billion) despite substantial cash on hand. The move signals financing for an AI-driven expansion, but it raises questions about whether cloud revenue and margins will offset depreciation, energy and interest costs; the strategy’s durability depends on continued cloud growth, backlog conversion and monetization of AI products.

via Yahoo Finance|

#ai #alphabet-inc #business

technology20 days ago•3 min saved

Cloudflare Releases Open-Source AI OS for Enterprise Workflows

Cloudflare has open-sourced Cloudflare OS, an AI-oriented platform described as an enterprise-oriented "operating system" that grounds conversations in a company’s context and tools. It combines an agent workspace with an isolated runtime, a security/governance framework for safe access to internal data, and a platform for customizable apps and workflows. The project is available on GitHub under Apache 2.0, with more details at os.cloudflare.app.

via Phoronix|

#artificial-intelligence #cloud-computing #enterprise-software

technology21 days ago•21 min saved

Anthropic strikes a $10B AI-compute deal with Volta Infra

Anthropic PBC has inked a six-year, $10 billion agreement to secure computing capacity from Volta Infra Holdings, a Nvidia-backed cloud startup, with Bitdeer as a partner. The Norway-based data center Volta will supply uses Nvidia’s Vera Rubin GPUs, signaling Anthropic’s push to scale AI infrastructure amid rising demand. The move adds to Anthropic’s existing compute deals with SpaceX, AMD and Akamai, and comes as the company contemplates further funding and a possible public listing.”,

via Yahoo Finance|

#ai-infrastructure #anthropic #cloud-computing

technology22 days ago•12 min saved

AI-Powered Cloud Drive Fuels Microsoft Stock Rally

Microsoft posted a strong Q4 with revenue rising 18% to $90 billion, led by Azure’s 43% surge and Azure topping $100 billion in annual revenue for the first time. AI features helped lift Office apps, with Microsoft 365 Copilot surpassing 30 million paid seats. Adjusted net income climbed 22% to $35.3 billion (about $4.74 per share), beating forecasts, and management signaled free cash flow will remain positive in fiscal 2027 despite ramped AI investment. The results helped MSFT’s stock surge, up nearly 22% over the past week.

via Yahoo Finance|

#artificial-intelligence #azure #cloud-computing

business22 days ago•2 min saved

Amazon breaches $3 trillion as cloud surge powers earnings rally

Amazon hit an all-time high and its market value surged above $3 trillion after a strong Q2 showing driven by AWS/cloud growth and AI demand; revenue was $200.61 billion with adjusted EPS of $1.97, and AWS revenue reached $42.2 billion. The company raised 2026 capex guidance to $220 billion amid ongoing capacity expansion, while rival cloud providers also posted robust growth.

via CNBC|

#amazon #aws #business

finance22 days ago•13 min saved

Meta bets on AI-driven cloud play as Q2 revenue climbs and margins tighten

Meta Platforms posted Q2 revenue of $60.8 billion, up 28% year over year, but earnings per share fell to $6.18 and free cash flow plunged about 91% to $784 million as heavy AI investments weighed on margins. CEO Mark Zuckerberg indicated Meta is exploring a cloud-computing business, including potential compute rentals to Anthropic, signaling a new growth engine alongside a strong ad business and 3.6 billion daily active users.

via Yahoo Finance|

#artificial-intelligence #cloud-computing #earnings

technology24 days ago•17 min saved

Big Tech Pledges $2.4 Trillion to AI Infrastructure

Alphabet, Meta, Microsoft and Amazon are committing about $2.4 trillion in AI infrastructure spend—covering data-center leases, equipment and energy—reflecting a race to scale AI compute. Alphabet alone disclosed roughly $902 billion in commitments and leases, Meta about $700 billion; the rest comes from Microsoft and Amazon as they expand cloud capacity. Much of the spending spans decades and includes non-data-center items like hardware and licenses. AWS remains a major growth driver; however, Alphabet and Amazon have swung to negative free cash flow with Meta expected to follow, underscoring the finance risks of rapid capex while trying to capture surging AI demand.

via Yahoo Finance|

#ai #alphabet #amazon