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Cloud: Latest News and Analysis

Reuters
US data-center power use could nearly triple by 2028, DOE-backed report says
U.S. data-center power demand could nearly triple in the next three years, and consume as much as 12% of the country's electricity, as the industry undergoes an artificial-intelligence transformation, ...
Reuters
Exclusive-US data-center power use could nearly triple by 2028, DOE-backed report says
U.S. data center power demand could nearly triple in the next three years, and consume as much as 12 per cent of the country's electricity, as the industry undergoes an artificial-intelligence ...
SiliconANGLE
Database belonging to Builder.ai found exposing 1.29TB and over 3M records
Discovered by security researcher Jeremiah Fowler and detailed by Website Planet, the non-protected database was allegedly found to belong to Builder.ai, an AI-powered software development platform ...
Morningstar
Tencent and Honor Forge Partnership on Cloud and AI
Chinese tech giant Tencent Holdings and budget smartphone maker Honor Device have entered a long-term partnership focused on cloud computing and artificial intelligence. Under the agreement, Tencent ...
SCMP
Tencent teams with smartphone maker Honor on AI while Apple searches for a partner
Tencent is providing cloud computing resources to strengthen Honor’s AI offerings while Apple Intelligence is still absent in China.
Reuters
Exclusive: U.S. data center power use could nearly triple by 2028, DOE-backed report says
U.S. data center power demand could nearly triple in the next three years, and consume as much as 12% of the country's electricity, as the industry undergoes an AI transformation, according to an ...
Reuters
Exclusive: US data-center power use could nearly triple by 2028, DOE-backed report says
U.S. data center power demand could nearly triple in the next three years, and consume as much as 12% of the country's electricity, as the industry undergoes an artificial-intelligence transformation, ...
SiliconANGLE
Database belonging to Builder.ai found exposing 1.29TB and 3M+ records
Discovered by security researcher Jeremiah Fowler and detailed by Website Planet, the unprotected database was allegedly found to belong to Builder.ai, an AI-powered software development platform ...
ARPU
ClearBank Expands Reach by Joining Microsoft Azure Marketplace

ClearBank has announced that its cloud-native banking solutions and payment infrastructure are now available on the Microsoft Azure Marketplace, according to Yahoo Finance. This move will allow all Azure customers to access ClearBank's services, representing a significant growth opportunity for the company.

"This latest move further strengthens

ARPU
AWS Shake-Up: Top Executive Departures Mark a Year of Transition

Amazon Web Services (AWS), the dominant force in cloud computing, experienced a significant executive turnover in 2024, according to CRN. Despite recording record revenue and profitability, the company saw the departure of several key figures, including former CEO Adam Selipsky and veteran AI innovator Matt Wood.

AWS, currently commanding 31

ARPU
SkySQL Secures $6.6 Million to Fuel AI-Powered Cloud Database Growth

SkySQL Inc., a cloud-based relational database service startup, has raised $6.6 million in seed funding, the company announced today. The funding round was led by Eniac Ventures, Good Capital, and WTI, reports SiliconANGLE.

SkySQL, which spun out of MariaDB plc last year, offers a faster, more scalable version of

Wall Street Journal
Indonesia plans to pitch data-center opportunities to Elon Musk
The chairman of Indonesia’s National Economic Council said he would continue pitching business opportunities in the coming months, including the possibility of building data centers for xAI.
TechCrunch
Google joins $90M investment into Cassava to bolster Africa’s digital infrastructure
With cloud spend continuing to surge, tech companies are scrambling to meet demand for the necessary infrastructure, with the growing need for AI compute only adding fuel to the fire. By way of ...
Reuters
Sam Altman-backed Oklo signs power agreement with data center operator
Sam Altman-backed nuclear startup Oklo Inc said on Wednesday it has signed a non-binding agreement to provide power to Las Vegas-based data center operator Switch.
CNBC
Oklo targets 12 gigawatts of new nuclear power through agreement with data center operator
Oklo and data center operator Switch announced a deal on Wednesday, in which the nuclear startup would deploy 12 gigawatts of power over the next two decades.
Wall Street Journal
Cloud AI Startup Vultr Raises $333 Million at $3.5 Billion Valuation
Chip giant Advanced Micro Devices and hedge fund LuminArx Capital Management raised $333 million for a growth financing round for cloud startup Vultr, a sign of the hot demand for artificial ...
Wall Street Journal
Indonesia Plans to Pitch Data-Center Opportunities to Elon Musk
The chairman of Indonesia’s National Economic Council said he would continue pitching business opportunities in the coming months, including the possibility of building data centers for xAI.
TechCrunch
56 US startups have become unicorns so far in 2024: Here’s the full list
The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups.
TechCrunch
Nuon helps companies deploy their software into their customers’ cloud accounts
Nuon has developed a bring-your-own-cloud platform that allows SaaS companies to deploy their software to their customers' clouds.
TechCrunch
Nuon helps companies deploy their software into their customers' cloud accounts
Jon Morehouse launched PowerTools in 2019 to help companies ship static sites and serverless apps to their cloud accounts on providers like AWS and Azure. When a customer asked him if they could use ...
TechCrunch
OpenAI fires back against Musk, claims he wanted an OpenAI for-profit
OpenAI has fired back at billionaire Elon Musk, publishing a series of mesages that the company claims show Musk's lawsuit against it is misleading.
TechCrunch
Apple reportedly developing AI server chip with Broadcom
Apple is working with semiconductor company Broadcom on its first server chip designed to handle AI applications, according to The Information, which ...
TechCrunch
Linux Foundation sets up India entity to boost open source collaboration
Linux Foundation has launched its India entity to boost open-source contributions from the South Asian nation, the second largest developer base after the U.S.
TechCrunch
MariaDB spinout SkySQL secures seed funding to ‘bring conversational AI to databases’
SkySQL, which spun out of MariaDB in 2023, has secured its first funding as it looks to bring 'conversational AI to databases'.
TechCrunch
Microsoft will take an $800M hit over Cruise robotaxi shutdown
GM's decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company's minority ...
SiliconANGLE
SkySQL nabs $6.6M for its AI-integrated cloud database
SkySQL Inc., a startup with a cloud-based relational database service, today disclosed that it has raised $6.6 million in seed funding. Eniac Ventures, Good Capital and WTI provided the capital.
Reuters
Chevron working on supply of power to data centers, executive says
U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said in an interview at the Reuters NEXT ...
TechCrunch
Reveal Technology raises $11M to scale ‘decision dominance’ tools for DOD
Military operators need to rapidly make decisions in high-stakes environments, but they’re often stuck with technology that’s unable to deliver accurate ...
Reuters
Oracle misses quarterly results estimates on stiff cloud competition
Oracle's second-quarter revenue grew less than Wall Street expected on Monday, hit by stiff competition among database and cloud services providers, sending its shares down more than 7% in extended ...
Nikkei Asia
Vietnam's FPT eyes investment from SBI in Japan AI data center business
SBI agreed on Monday to consider investing in FPT Smart Cloud Japan by the end of January. The new company, using servers equipped with U.S. chipmaker Nvidia's graphics processing units, intends to ...
SiliconANGLE
Oracle’s rampant cloud growth wasn’t enough for Wall Street, and its stock slides after-hours
Oracle’s net income rose 26% from a year earlier, to $3.15 billion. Revenue from cloud services and license support sales increased 12%, to $10.8 billion, accounting for 77% of the company’s total, ...
CRN
Oracle CEO Catz Predicts $25B In Cloud Revenue This Fiscal Year
During Oracle’s Q2 2024 earnings call, CEO Safra Catz and CTO Larry Ellison talked AI, GPUs, cloud, database products and more.
Reuters
Oracle slides as it misses Wall Street revenue targets on tough cloud competition
Oracle's shares sank over 8% on Tuesday in premarket trading after its quarterly revenue fell short of expectations, hindered by fierce competition among database and cloud services providers.
Bloomberg
Google Unveils New Quantum Computer With Mind-Boggling Speed
Alphabet Inc.’s quantum computer needs just five minutes to solve a problem that would take supercomputers around 10 septillion years. Google’s next task: coming up with an actual use for all that ...
Bloomberg
Blackstone’s Data-Center Ambitions School a City on AI Power Strains
Property owners around Fayetteville, Georgia, are at the front lines of a battle over infrastructure critical to our tech future.
CRN
Storing, Feeding And Managing Data For Cloud, AI: The Biggest Storage News At AWS re:Invent 2024
CRN has brought together the latest offerings from seven storage vendors who used AWS re:Invent 2024 to introduce new hardware and software aimed at backing up data, providing visibility into stored ...
CRN
The 10 Hottest Cloud And AI Security Startups Of 2024
CRN’s list of the hottest cloud and AI security startups of 2024 includes startups focused on securing data, identities and AI systems in cloud environments such as AWS, Microsoft Azure and Google ...
Reuters
US AI task force co-chair asks FERC to support co-located data centers - letter
A co-chair of the U.S. Congressional artificial intelligence task force urged federal energy regulators this week to support the development of data centers directly connected to power plants, citing ...
TechCrunch
Women in AI: Tamar Eilam is helping IBM build sustainable computing
To give AI-focused women academics and others their well-deserved — and overdue — time in the spotlight, TechCrunch is launching a series of interviews ...
TechCrunch
AWS pledges $100M in cloud credits to help education organizations build learning tools
AWS, Amazon's cloud computing unit, today announced the Education Equity Initiative, which aims to provide "education organizations with technologies to ...
TechCrunch
AWS makes its SageMaker HyperPod AI platform more efficient for training LLMs
Invent conference, Amazon's cloud computing unit launched SageMaker HyperPod, a platform for building foundation models. It's no ...
Reuters
Schneider Electric working with Nvidia to design data center cooling systems
French electrical equipment maker Schneider Electric is working with Nvidia to develop designs for data center cooling systems for use in new artificial intelligence data centers, it said on Wednesday ...
VentureBeat
AWS cuts database prices almost 50% and adds distributed scaling capabilities
Learn More AWS is expanding the capabilities of its cloud database portfolio, while at the same time reducing costs for enterprises. In a session at AWS re:invent 2024 today, the cloud giant outlined ...
Wall Street Journal
Amazon Announces Supercomputer, New Server Powered by Homegrown AI Chips
The company’s megacluster of chips for artificial-intelligence startup Anthropic will be among the world’s largest, it said, and its new giant server will lower the cost of AI as it seeks to build an ...
TechCrunch
AWS and GitLab team up to bring Amazon Q agents to GitLab’s Duo Assistant
GitLab, the popular developer and security platform, and AWS, the popular cloud computing and AI service, today announced that they have teamed up to ...
TechCrunch
AWS announces Aurora DSQL, a new distributed SQL database that promises virtually unlimited scalability
Invent conference, Amazon's AWS cloud computing unit today announced Amazon Aurora DSQL, a new serverless, distributed SQL database that ...
TechCrunch
Amazon announces Nova, a new family of multimodal AI models
At its re:Invent 2024 conference, Amazon Web Services (AWS), Amazon’s cloud computing division, announced a new family of generative AI, multimodal models called Nova.
TechCrunch
Clarifai introduces vendor-agnostic orchestration capabilities
Clarifai's latest update allows enterprise customers to access the company's AI tools and sources of compute in one place.
ARPU
Asia's Data Center Boom Fuels Sizzling Valuations

Global investors are flocking to Asia-Pacific data center operators, undeterred by high valuations driven by soaring demand for artificial intelligence services, according to Reuters. Industry executives attribute the premium valuations to the sector's nascent stage and promising growth prospects, though some express concerns about infrastructure limitations.

Data centers,