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Thousands lose their jobs in deep cuts at tech giant Oracle
4+ week, 14+ hour ago (544+ words) Tech giant Oracle made "significant" job cuts on Tuesday, according to senior employees posting online. Michael Shepherd, a senior manager, was not affected by the job cuts but wrote on Linked In that "senior engineers, architects, operations leaders, program managers,…...
Exclusive-Amazon says AWS' Bahrain region 'disrupted' following drone activity
1+ mon, 6+ day ago (212+ words) SAN FRANCISCO, March 23 (Reuters) - Amazon (AMZN) said on Monday its Amazon Web Services "region in Bahrain has been "disrupted" amid the current "conflict in the Middle East. The disruption is due to drone "activity in the area, an Amazon spokesperson…...
Amazon Gains 5% on Shareholder Letter, Globalstar Deal, $15 Billion AWS AI Revenue
2+ week, 6+ day ago (755+ words) Amazon (AMZN) stock spiked on Thursday, fueled by CEO Jassy's shareholder letter revealing $15 B in AWS AI annualized revenue and a $200 B 2026 capex commitment for AI infrastructure. Amazon's acquisition talks with Globalstar (GSAT) would fortify Project Kuiper satellite internet against…...
Tech giants" results show rosy outlook for AI boom and US stock market - AOL
8+ hour, 37+ min ago (15+ words) Google, Microsoft and Amazon report gains in cloud-computing businesses while Meta spending draws concern...
Open AI and Microsoft renegotiated their deal for the second time in 6 months. See what's new.
22+ hour, 26+ min ago (449+ words) Open AI and Microsoft are shaking up their partnership again. On Monday, the AI startup and the tech giant announced more changes to their deal. Most critically, Open AI can now work with other cloud providers. Open AI has the…...
Jeff Sica warns of 'breaking point' over hyperscaler spending
2+ day, 16+ hour ago (156+ words) AOL. com Circle Squared Alternative Investments founder Jeff Sica discusses upcoming Big Tech earnings, focusing on the hyperscalers and their massive capital spending on AI infrastructure on 'Varney & Co.' Shannon Elizabeth earns $1. 2 M in first week on Only Fans Mark…...
Companies are hoarding AI compute because of FOMO " and they're sitting on most of it - AOL
1+ week, 1+ day ago (408+ words) Cast AI found that most companies underutilize GPUs at 5% of total capacity. Laurent Gil, Cast AI's CEO, said that firms overbuy GPUs out of fear of missing out rather than out of demand. The price of GPUs is rising as…...
Amazon's Partnership With Anthropic Keeps Deepening. Is This the Catalyst Amazon Stock Needs?
4+ day, 11+ hour ago (624+ words) Amazon recently pledged up to $25 billion in fresh investment for Anthropic, expanding its AI footprint. In return, the AI start-up committed to spending more than $100 billion on Amazon Web Services over the next decade. While the infrastructure build-out is costly,…...
Jim Cramer Says 'This Is Not A Circular Deal' As Amazon, Anthropic Lock In Massive $100 Billion AI Pact: 'Isn't It Possible That Everyone Wins?' - AOL
1+ week, 17+ hour ago (372+ words) On Monday, Jim Cramer pushed back against growing concerns over the circular AI deals as Amazon. com, Inc. and Anthropic unveiled a long-term partnership centered on cloud and artificial intelligence infrastructure. Amazon said Anthropic has committed to spending more than…...
Core Weave Just Locked In $21 Billion From Meta. Here's Who Else Wins.
1+ week, 6+ day ago (432+ words) Core Weave (NASDAQ: CRWV) just secured a $21 billion commitment from Meta, expanding what was already a landmark relationship and cementing Core Weave as the preferred AI cloud infrastructure partner for the world's largest social platform. We've been watching Core Weave…...