archivecloud computing

CoreWeave and Nvidia announce $6.3 billion cloud computing capacity deal for AI GPU infrastructure
AIArtificial IntelligenceIn the News

CoreWeave, Nvidia Tie $6.3 Billion Cloud Computing Capacity Pact

In a significant transaction that illustrates the explosive demand for artificial intelligence and high-performance computing, CoreWeave has contracted with Nvidia to provide $6.3 billion worth of cloud computing capacity. The multiyear deal underscores how quickly demand for high-end GPUs and the scalable infrastructure they support is ramping up as industries...
Alibaba and Baidu engineers testing homegrown AI chips for next-generation artificial intelligence models
AIArtificial IntelligenceIn the News

Alibaba and Baidu Adopt Homegrown Chips for Next-Generation AI ModelsDrawn by demands of an increasingly internet-driven economy, it’s become much more viable to grow your own.

Sept. 13, 2025 – Two of China’s most valuable technology companies, Alibaba Group and Baidu Inc., have leapfrogged the West to train some of the world’s most powerful computers while developing their own chips to do so—a significant step toward technological independence in an intensifying arms race for tech supremacy....
Oracle headquarters building with AI-driven growth chart highlighting approach to trillion-dollar market cap
AIArtificial IntelligenceIn the News

Oracle Slows Down After Record Streak Pushed by A.I., Inches It Toward $1 Trillion Club

Oracle Corporation has been on an extraordinary stock market tear for months, as investors have cheered its enthusiasm for artificial intelligence (AI) and the company’s ascendance in the cloud-computing competition. But following record highs and a tantalizing brush with the magical $1 trillion market-capitalization figure, the technology giant’s share price...
Larry Ellison celebrating as the world’s richest person with Oracle stock performance in the background
AIArtificial IntelligenceIn the News

Larry Ellison Overtakes Elon Musk as World’s Wealthiest Person With Riches of $393 Billion

In a surprising shake-up at the very top of world wealth rankings, Oracle co-founder Larry Ellison surpassed Elon Musk to become Earth’s wealthiest person. According to the latest billionaire rankings published this week, Ellison’s wealth has rocketed to an estimated $393 billion, surpassing Musk’s and making the 80-year-old tech mogul...
Illustration of OpenAI and Oracle announcing their $300 billion Project Stargate cloud deal set to launch in 2027
AIArtificial IntelligenceIn the News

OpenAI and Oracle Announce $300 Billion “Project Stargate” Cloud Collaboration, to Take Flight in 2027

In a stunning acknowledgment of how quickly artificial intelligence is transforming the tech industry, OpenAI has announced it just signed a massive $300 billion cloud computing deal with Oracle.(Note: The original figure “$300 trillion” has been corrected to $300 billion for consistency with the headline.)The five-year accord, named Project Stargate,...
EcoDataCenter AI data centre facility in Sweden with high-performance computing infrastructure
AIArtificial IntelligenceIn the News

EcoDataCenter Takes €600 Million to Grow AI Data Centres

Swedish digital infrastructure company EcoDataCenter has secured €600 million in debt funding from Deutsche Bank, advancing its ambitious goal to build artificial intelligence (AI)-focused data centers across Sweden. The investment comes at a pivotal time as demand for next-generation computing power leveraging AI continues to surge. Strategic Expansion Across Sweden...
Illustration of OpenAI and Oracle partnership highlighting AI data center infrastructure in $30B annual deal
AIArticlesArtificial Intelligence

OpenAI Inks ‘Historic’ Deal With Oracle, Papered at $30 Billion Annually for Services from Data Center: Report

OpenAI, which is building artificial general intelligence to benefit humanity and powers a suite of next-gen AI technologies, has inked one of the largest commercial cloud deals in history with Oracle to support the organization’s high-performance computing workloads. New reports peg the agreement at a $30 billion per annum pact—a...
Alibaba Cloud showcases Tongyi AI models and global expansion tools at tech conference
BlockchainIn the News

Alibaba Cloud Aims to Accelerate Global AI Innovation with New Product Launches and Partner Program Initiatives

In a bid to set new benchmarks in AI innovation, scalability, and inclusivity, Alibaba Cloud, the data intelligence backbone of Alibaba Group, unveiled a series of innovative products at the 2021 Cloud Conference in Beijing. The goal: accelerate global digital transformation and empower technology partners to integrate intelligent capabilities into...
Illustration showing AI adoption across industries with data analytics, cloud computing, and automation — highlighting key AI adoption drivers.
AIArtificial IntelligenceTechnology

7 Drivers of AI Adoption in Any Industry

AI has evolved from a futuristic buzzword into the oxygen that innovation and competitive advantage breathe. Investment in AI is rapidly increasing, with industries such as healthcare, finance, education, logistics, and transportation adopting it at a breakneck pace worldwide. What’s behind this meteoric rise? As enterprises aim to become smarter,...
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