News
India Moves to Lure Data Centers Despite Land, Energy Challenges
1+ day, 6+ hour ago (87+ words) Bloomberg Law News India is counting on new tax breaks to help boost development of data centers, but the strategy's success depends on the country's ability to quickly deliver the vast amounts of energy and physical infrastructure to power the…...
Amazon Loses Bid to Upend $30. 5 Million Cloud-Tech Patent Award
2+ week, 6+ day ago (112+ words) Bloomberg Law News Amazon. com Inc.'s cloud unit failed to overturn a $30. 5 million patent verdict over networking technology, as a federal judge concluded the record supported the Delaware jury's findings. Judge Richard G. Andrews denied Amazon Web Services Inc.'s…...
What Software's AI Shift Reveals About the Future of Tax Work
1+ mon, 2+ week ago (818+ words) AI-driven automation is arriving in tax at a moment when accuracy, defensibility, and professional judgment have never been more consequential. As artificial intelligence accelerates preparation and analysis work, execution no longer is the primary constraint. The new challenge for tax…...
Amazon, Microsoft Cloud Services Orders Withstand G2s Protests
1+ mon, 2+ week ago (104+ words) Bloomberg Law News Amazon Web Services and Microsoft Corp. can move forward with task orders to provide "lift and shift" cloud migrating services to the US Naval Sea Systems Command, the GAO said in separate decisions released Wednesday. Protester G2 Ops…...
Milbank Launches AI Data Center Group Amid Frenzied Demand
5+ mon, 1+ week ago (115+ words) Milbank is launching a cross-disciplinary Digital Infrastructure Practice Group to meet the "insatiable" demand for legal guidance in the race for AI market domination. "Given the volume of deals out there, there's starting to be a concern about capacity," said…...
Oracle to Raise Up to $50 Billion This Year for Cloud Investment
2+ mon, 2+ week ago (110+ words) Oracle Corp. said Sunday it plans to raise $45 billion to $50 billion in 2026 to build additional capacity for its cloud infrastructure through a combination of debt and equity sales. "Oracle is raising money in order to build additional capacity to meet…...
Microsoft, Meta Earnings Put a Focus on Payoffs From AI Spending
2+ mon, 2+ week ago (73+ words) Investors wondering about payoffs from the pile of cash being spent on artificial intelligence should get some clues when Microsoft Corp. and Meta Platforms Inc. post earnings after the close Wednesday. Learn more about Bloomberg Law or Log In to…...
Oracle at Center of Tech's $500 Billion AI-Fueled Rent Spree (1)
3+ mon, 4+ week ago (120+ words) Cloud-computing companies including Oracle Corp. , Microsoft Corp. and Meta Platforms Inc. have committed to spend a combined $500 billion on data center leases in the coming years, an astronomical sum that underscores the bet the industry is making on artificial intelligence....
Oracle a "Show Me Story" on Big AI Debt Bet, JPMorgan Says (1)
4+ mon, 2+ day ago (94+ words) Oracle Corp. s aggressive artificial intelligence spending plan has put the cloud computing giants corporate bonds under a harsh spotlight as Wall Street searches for cracks in the AI boom. JPMorgan Chase & Co. credit analyst Erica Spear expects pressures on…...
Paul Weiss, Cooley Guide IBM's $9. 3 Billion Confluent Deal
4+ mon, 1+ week ago (90+ words) Lawyers from Paul Weiss and Cooley LLP advised on International Business Machines Corp.'s plan to buy data-streaming platform Confluent Inc. for about $9. 3 billion. The transaction is the latest AI takeover as technology companies race to bolster their ecosystems of…...