Meta has announced the expansion of its partnership with CoreWeave in a massive deal valued at <strong>$21 billion</strong>. This move is part of Meta's strategy to enhance its capabilities in cloud computing.
Meta and CoreWeave have announced an expansion of their partnership in AI cloud computing through a new deal valued at $21 billion. This move aims to enhance their competitive capabilities in the market.
Amazon announced that its cloud computing division generated over <strong>$15 billion</strong> in artificial intelligence revenue during the first quarter of 2026. This marks the first time the company has disclosed direct financial returns from its AI efforts, highlighting significant growth in this sector.
CoreWeave has successfully raised $8.5 billion from a consortium of banks and investors to fund the expansion of its cloud computing capacity. This financing marks the largest chip-backed debt deal in the sector, reflecting the growing demand for cloud services amid rapid digital transformation.
Oracle Corporation, a leader in cloud computing and databases, has announced the layoff of approximately <strong>30,000 employees</strong>, many of whom received notifications via email. This decision is part of the company's restructuring efforts to address economic challenges.
Reports indicate that Related Digital is nearing a $16 billion funding deal to establish a data center for Oracle. This funding comes at a time of increasing demand for cloud computing services in the tech industry.
Amazon's cloud computing operations in Bahrain suffered significant damage due to an Iranian attack, as reported by the Financial Times. This incident highlights the escalating tensions in the region and their impact on global businesses.
The UK's Competition and Markets Authority (CMA) has announced a new investigation into Microsoft's software system set to begin in May. This inquiry aims to assess the company's dominance in the software market and its potential negative impact on competition.
Amazon's cloud services in Bahrain experienced a significant outage due to drone attacks targeting the region. This disruption has directly impacted numerous businesses relying on these services for their daily operations.