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The move comes after Oracle reported larger-than-expected capital expenditures to fund its data center buildout—with more significant spending on the way. The company reported $55.7 billion in capital expenditures for its latest fiscal year, higher than the $50 billion Oracle previously forecast.
New data center agreement highlights India's growing role in the AI infrastructure race.
Meta Platforms will lease an AI-ready data centre to be built by billionaire Mukesh Ambani's Reliance Industries, the U.S. tech major said on Wednesday, deepening ties with the Indian conglomerate. The deal comes at a time when India has seen a surge in hyperscale data centre builds led by U.S. cloud majors such as Amazon, Microsoft and Alphabet's Google, as New Delhi seeks to draw in investment in AI. In February, Reliance committed about $110 billion and Adani outlined $100 billion in investments to position India as an AI hub.
Pinterest Inc (NYSE:PINS) has announced a planned $4 billion commitment with Amazon Web Services (AWS) through 2031, deepening a long-running partnership aimed at expanding its artificial intelligence infrastructure and capabilities. The agreement, described by AWS as Pinterest’s largest...
Planet Labs PBC (NYSE:PL) traded modestly higher in premarket activity on Thursday after announcing a $22 million contract extension with the U. S.
Pinterest said on Thursday it would pay Amazon Web Services $4 billion for using its cloud services through 2031. (Reporting by Jaspreet Singh in Bengaluru)
Palantir Technologies (PLTR) has signed a multi-year deal with Kirkland & Ellis to develop artificia
The company’s recent partnership with Samsung Foundry will help test and simulate the 2nm process designs better and faster.
GameStop reported a higher profit in the first quarter and said its board approved a $2 billion stock buyback authorization. Stripping out certain one-time items, GameStop reported adjusted earnings of 30 cents a share. GameStop also said its board approved a $2 billion stock buyback authorization.
GameStop on Tuesday reported a 14% rise in quarterly revenue and said its board has approved a new $2 billion share repurchase program. Shares of the company jumped 9% in extended trading.
Investing.com -- IBM shares climbed about 9% on Monday after Barclays initiated coverage of the technology company with an Overweight rating, citing the company's evolution into a software-focused business with steady growth prospects and expanding margins.
The $6 billion commitment sent Snowflake's shares soaring.
TSMC Hits Fresh Highs as Nvidia Supercharges AI Spending in Taiwan
ARGUS plans to use Ouster's sensors to improve non-kinetic counter-drone operations, particularly in environments where traditional interception methods are impractical.
New Samsung and SK Hynix leveraged ETFs could attract up to $3.5 billion from retail investors.
Nebius Group is turning to fuel-cell maker Bloom Energy for ‘behind-the-meter’ power at its data centers.
Blackstone, already the world’s largest private owner of data centers, will provide an initial $5 billion investment.
By tying their bottom lines to how much AI they can sell, consultants have created a conflict of interest that erodes their clients’ trust.
The industrial giant launched the buyback program of up to five years as it posted higher second-quarter revenue in its industrial businesses.
.Business Secretary Peter Kyle said the partnership demonstrates that the Government is ‘backing high-growth British scale-ups’.
A new five-year AI cloud agreement with NVIDIA positions IREN to scale beyond infrastructure hosting into managed GPU cloud services for enterprise AI workloads. Key Investor TakeawaysThe $3.
FEATURE Corning and Nvidia are forming a partnership to drastically expand U.S. fiber and optical connectivity production, the companies announced Wednesday. Shares of Corning, the glassmaker, jumped 15% in premarket trading.
Rivian Automotive is considering making its own lidar sensors and could do so in partnership with a Chinese firm, CEO RJ Scaringe said in an interview with Reuters on Tuesday. Rivian said that a version of its R2 vehicles coming later this year would include lidar sensors, which help self-driving vehicles gain a three-dimensional view of the road. Rivian did not disclose who would supply it with lidar sensors, which on demonstration vehicles were much smaller than the large, spinning units found on the streets of San Francisco and other cities in robotaxis designed by Alphabet's Waymo.
Hertz stock is moving sharply after expanding its Uber partnership, and elevated short interest could add fuel if momentum holds.
(Updates with the latest stock movement in the first paragraph and headline.) Momentus Inc (MNTS)
Oct. 13—One small step for man, one giant leap for Solstar Space Co. The Santa Fe-based company on Monday entered into a $15 million partnership with Momentus, a group based in California offering commercial satellite buses and in-space infrastructure services. "This is just a fantastic opportunity for us to test our first commercial product, that's the Deke Space Communicator, on board with ...
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