Cloud computing
Alibaba targets US$100 billion of cloud, AI revenue in five years as results disappoint
Net income plummeted, hurt in part by heavy spending on promotions to fend off rivals
Serial Achieva signs MOU with new shareholder UFCT to tap AI opportunities
The partnership promises opportunities in artificial intelligence, cloud computing and other advanced storage technologies
Oracle says it plans to raise up to $50 billion in debt and equity this year
The software company wants to expand its cloud infrastructure
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10
Oracle posts weak cloud sales, raising fear of delayed payoff
The company has taken out significant sums of debt and committed to leasing multiple data centre sites
Microsoft makes US$17.5 billion pledge for AI cloud in India
The country is also home to some of the world’s largest technology services companies, such as Tata Consultancy Services and Infosys
Zhongji Innolight picks banks for one of Hong Kong’s biggest listings
The company’s Shenzhen shares surge 237% since June, lifting its 2025 gain to 300%
OpenAI, Amazon strike US$38 billion agreement for ChatGPT maker to use AWS
The deal is among the first major moves by OpenAI since it completed a restructuring last week
Microsoft signs US$9.7 billion AI cloud deal with Australia’s IREN to secure Nvidia systems
Once fully implemented, the deal is expected to generate about US$1.94 billion a year for IREN
Microsoft cloud customers face widespread disruptions
MICROSOFT cloud customers experienced widespread service disruptions on Wednesday after the company said “inadvertent configuration change” affected its widely used Azure service.
