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Cloud

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

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

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

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,

Microsoft Sees Surge in Azure OpenAI Spending from Adobe, Meta

Microsoft's Azure OpenAI service, which provides access to OpenAI's language models, is experiencing significant growth and diversification of its customer base, as reported by The Verge. While TikTok had previously been the dominant customer, Microsoft has successfully expanded its clientele to include major corporations spending over

CoreWeave More Than Triples Valuation in $650 Million Secondary Share Sale

AI cloud platform operator CoreWeave has closed a $650 million secondary share sale to investors, more than tripling the company's valuation to $23 billion over the past year, reports Reuters. The investors were led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital. This significant valuation increase highlights

Ecosia and Qwant Team Up to Challenge Google's Search Dominance

Two European search engines, Ecosia and Qwant, are joining forces to build a European search index and reduce their dependence on US tech giants like Google, reports CNBC. The companies have formed a joint venture, called the European Search Perspective (EUSP), with equal ownership. The venture, set to launch in

Amazon Steps Up Effort to Rival Nvidia in AI Chip Market

Amazon is making significant strides in its quest to challenge Nvidia's dominance in the AI chip market, reports the Financial Times. The tech giant's cloud computing division is investing heavily in custom chips, spearheaded by Annapurna Labs, a chip start-up acquired by Amazon in 2015. The

Oracle's $115 Million Privacy Settlement Faces Opposition

Oracle and the plaintiffs' lawyers who negotiated a $115 million privacy settlement with the tech giant are facing opposition as a US judge in California prepares to consider final approval of the proposed deal, reports Reuters. More than 25 objections have been filed against the settlement, which was announced

Strong AWS Growth Powers Amazon Results

Amazon, the latest of the "magnificent seven" tech giants to report quarterly earnings, has exceeded Wall Street expectations, driven by strong growth in its cloud computing business, reports The Guardian. Shares in the e-commerce giant rose in after-hours trading following the announcement of revenue of $158.9 billion,