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All articles tagged with #cloud services

Meta Eyes Cloud Revenue: Reported Plan to Sell Compute Sparks Stock Jump
technology10 days ago

Meta Eyes Cloud Revenue: Reported Plan to Sell Compute Sparks Stock Jump

Meta Platforms reportedly plans to launch a cloud computing business to sell excess data-center capacity to third-party customers, potentially hosting AI models and charging developers—an attempt to diversify away from advertising. The Bloomberg report sent META stock up about 11% in morning trading. CEO Mark Zuckerberg had previously teased the idea of selling compute, but Meta has not confirmed active plans. If pursued, the move could help offset AI-spending concerns and broaden revenue streams amid investor scrutiny of Meta’s AI investments.

via Yahoo Finance|
#artificial-intelligence#cloud-computing#cloud-services
Akamai surges on $1.8B AI infrastructure pact fueling cloud push
business2 months ago

Akamai surges on $1.8B AI infrastructure pact fueling cloud push

Akamai jumped about 20% after announcing a $1.8 billion, seven-year deal with a leading frontier-model AI provider to expand its cloud infrastructure, as first-quarter revenue rose 6% to over $1 billion and cloud services revenue climbed 40% to $95 million; the company also projected Q2 revenue of roughly $1.08–$1.10 billion and adjusted EPS of $1.45–$1.65, highlighting its push to support AI workloads with its distributed network.

via CNBC|
#ai-infrastructure#akamai#business
Brookfield Bets Big on AI Infrastructure With Nvidia Tie-Up
business4 months ago

Brookfield Bets Big on AI Infrastructure With Nvidia Tie-Up

Brookfield Corporation is positioning itself as a leading AI infrastructure play, launching a Brookfield AI Infrastructure Fund to deploy up to $100 billion in AI assets with seed commitments from Brookfield and Nvidia, and launching Radiant—an Nvidia cloud partner to build AI data centers. With a broad footprint in infrastructure, power, and credit, Brookfield expects strong earnings growth over the next five years. At about $46 a share, it trades at a discount to an estimated value of roughly $68 per share, with a long-term bull case near $130 by 2030, which is why it’s cited as the highest-conviction AI stock to buy now.

via The Motley Fool|
#ai-infrastructure#brookfield-corporation#business
Belkin's Wemo Cloud Shutdown Kills Remote Access This Weekend
technology5 months ago

Belkin's Wemo Cloud Shutdown Kills Remote Access This Weekend

Belkin will shut down cloud services for most Wemo devices this weekend, ending remote access and integrations with Google Home and Alexa; the Wemo app will stop receiving updates on Jan 31, and many devices will only work manually after the shutdown. A subset of Thread-based devices and those configured with HomeKit may continue to function, while warranty-covered units could qualify for partial refunds.

via The Verge|
#belkin#cloud-services#homekit
Microsoft Azure Outage Disrupts Services Across Multiple Platforms
technology8 months ago

Microsoft Azure Outage Disrupts Services Across Multiple Platforms

Microsoft Azure experienced a widespread outage affecting all regions, including major services like Microsoft 365, Xbox, and Azure's cloud offerings. Recovery efforts are underway, involving reloading configurations and rerouting traffic, with full restoration expected by late October 29. The outage highlights systemic risks associated with reliance on centralized cloud services.

via ZDNET|
#azure-outage#cloud-services#global-impact
Xbox Hardware Sales Drop 29% Amidst Revenue Growth from Game Pass
business8 months ago

Xbox Hardware Sales Drop 29% Amidst Revenue Growth from Game Pass

Microsoft's Xbox hardware sales continue to decline significantly, with a 29% drop in Q1 2026, as the company shifts focus to an 'Xbox everywhere' strategy and emphasizes cloud services like Azure, which are driving its overall revenue growth. Despite hardware struggles, Microsoft's cloud division remains a major growth driver, contributing to an 18% increase in total revenue for the quarter.

via The Verge|
#business#cloud-services#gaming-industry
Global Microsoft Azure Outage Disrupts Businesses and Services
technology8 months ago

Global Microsoft Azure Outage Disrupts Businesses and Services

A Microsoft Azure outage affecting its cloud services and Microsoft 365 has begun to ease, after causing disruptions for businesses worldwide, including airlines and telecom providers, with the issue linked to a recent configuration change. The outage led to significant user reports and impacted major online platforms, highlighting the vulnerability of interconnected digital infrastructure.

via Reuters|
#business-impact#cloud-services#global-disruption