News
Exclusive-EU cloud rules to curb Big Tech's access to strategic tenders, draft document shows
2+ hour, 53+ min ago (501+ words) BRUSSELS/AMSTERDAM, June 1: The European Union plans to propose strict criteria for cloud computing services in highly critical state tenders that could exclude Amazon, Microsoft and Google from such projects, according to documents seen by Reuters. The proposal is part…...
Snowflake raises annual product revenue forecast, strikes $6 billion AWS deal
4+ day, 21+ hour ago (280+ words) The company logo for Snowflake Inc. is displayed on a banner to celebrate the company's IPO at the New York Stock Exchange (NYSE) in New York, U. S. , September 16, 2020. REUTERS/Brendan Mc Dermid May 27: Snowflake raised its annual product revenue forecast on…...
Google, Blackstone to launch AI cloud venture to meet data centre demand
1+ week, 6+ day ago (292+ words) May 18: Alphabet's Google and Blackstone said on Monday that they will form an artificial intelligence cloud business venture aimed at capitalising on an insatiable demand for AI computing services. Blackstone, the world's largest alternative asset manager, will invest an initial…...
AI cloud firm Nebius reports near eightfold revenue surge, shares jump
2+ week, 5+ day ago (314+ words) May 13: Nebius Group reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from increasing demand for artificial intelligence infrastructure and cloud services, sending its shares up 14 per cent in early trading. The Amsterdam-based neocloud company is racing to…...
AI cloud firm Nebius reports near eightfold revenue jump, shares surge
2+ week, 5+ day ago (346+ words) A view shows the Nebius AI UK data centre, a new facility hosting NVIDIA and other computer firms, at Ark Data Centres, in Chertsey, Britain, November 6, 2025. REUTERS/Toby Melville May 13: Nebius Group reported a nearly eightfold rise in quarterly revenue…...
Google in talks with Space X for Suncatcher orbital data center project
2+ week, 6+ day ago (239+ words) May 12: Alphabet's Google on Tuesday said it has been in discussions with Elon Musk's Space X and others regarding future launches for its Project Suncatcher, an orbital data center project. Google is pushing the space-based data center idea with Project…...
Amazon cloud outage at North Virginia data center largely resolved
3+ week, 3+ day ago (395+ words) 3 D printed clouds and figurines are seen in front of the AWS (Amazon Web Service) cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration May 7: Amazon's cloud services were largely back online on Friday after overheating at…...
Amazon reports cloud outage at North Virginia data centre; CME, Coinbase face trading issues
3+ week, 3+ day ago (390+ words) 3 D printed clouds and figurines are seen in front of the AWS (Amazon Web Service) cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration May 7: Amazon's cloud unit reported an outage at one of its data center…...
Cloudflare to cut about 20% workforce as AI adoption reshapes operations
3+ week, 3+ day ago (378+ words) A logo of CLOUDFLARE sits outside the company's house on the opening day of the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 20, 2025. REUTERS/Yves Herman May 7: Cloudflare said on Thursday it would cut about 20 per…...
Amazon tops cloud expectations on strong AI demand, shares rise
1+ mon, 1+ day ago (662+ words) The logo of Amazon is seen at the company's logistics center in Bretigny-sur-Orge, near Paris, France, November 28, 2025. REUTERS/Stephanie Lecocq April 29: Amazon. com on Wednesday reported cloud sales growth above Wall Street expectations, driven by strong enterprise spending as companies…...