Amazon is reportedly preparing to invest as much as 10 billion dollars in OpenAI, the artificial intelligence company behind ChatGPT, indicating intensifying competition in the high stakes market for AI
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At the apex of the current surge in artificial intelligence investment stands Larry Ellison and his technology conglomerate Oracle, poised as both champion and potential destabiliser of the sector’s rapid
Oracle Corporation witnessed a sharp decline in its market value after reporting quarterly results that failed to meet investors’ expectations. The software and cloud services giant saw more than 70
OpenAI, the creator of ChatGPT, has announced a landmark deal worth 38 billion pounds to utilise Amazon Web Services’ cloud infrastructure. The agreement underscores the escalating investments required to secure
Amazon delivered a robust third quarter, beating analyst expectations as its cloud computing division gave the company a significant boost. Despite waning strength in its retail operations amid growing uncertainty
The world of artificial intelligence continues to shape the outlook of global financial markets, with the looming earnings results of America’s largest technology firms drawing intense scrutiny this week. Apple,
Amazon’s recent global cloud outage has highlighted the extent of the UK government’s dependence on Amazon Web Services AWS and the growing risks to continuity of public services. The disruption
Early on Monday, a large-scale technical failure at Amazon Web Services (AWS) sent shockwaves through the digital world, as hundreds of websites and apps crashed across the globe. The disruption
Microsoft has achieved a remarkable milestone by surpassing a four trillion dollar market capitalisation marking it as only the second publicly traded company after Nvidia to reach this lofty valuation.
The competition watchdog has raised significant concerns about the grip Microsoft and Amazon hold over the United Kingdom’s cloud computing market. According to a panel from the Competition and Markets
Microsoft has cemented its position as a powerhouse in the technology sector, capturing Wall Street’s attention with its impressive foray into artificial intelligence and a robust financial performance. The Redmondbased
Google’s parent company Alphabet has exceeded market expectations in the second quarter, generating total revenues of £96.4 billion, marking a 14 per cent increase year-on-year against Wall Street predictions of
Microsoft has surpassed Wall Street’s quarterly expectations, driven by robust demand for its cloud computing services. The tech giant reported a 13 per cent increase in overall revenue year-on-year, reaching
The tech giant Microsoft has launched a scathing criticism of Britain’s Competition and Markets Authority (CMA), asserting that the watchdog made a “fundamental mistake” by failing to consider artificial intelligence’s
In a strategic move following Jack Ma’s recent reconciliation with President Xi, Alibaba has unveiled plans to invest more than $50 billion in artificial intelligence and cloud computing infrastructure. The
In a landmark speech at the AI Action Summit in Paris, Alphabet’s chief executive Sundar Pichai emphasised artificial intelligence as the most significant technological transformation of our era, positioning it
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