Tag: Cloud Computing

Why KKR, Singtel and Tata Are Selling Their India Data Centre Business

KKR, Singtel and the Tata Group plan to sell STT Global Data Centres India (STT GDC India). They are its key shareholders. The sale could be one of the largest data centre deals in India. According to a report in The Economic Times, the multi-billion-dollar sale comes amid a global rush to add data centre capacity. Hyperscalers and infrastructure providers are driving that rush. STT...

Binance Loses $3.64 Billion in Net Outflows as Customers Rush to Move Funds After Record Hack

Binance recorded $3.64 billion in net outflows after it reopened withdrawals on Sunday. The reopening followed a $6.3 billion hack. Customers rushed to move their funds off the world’s biggest crypto exchange. The Numbers Between 6 a.m. and 3:30 p.m. UTC on Nov. 1, Binance processed $4.65 billion in withdrawals and $1.01 billion in deposits. The exchange shared the figures in a post on X. The net...
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Utho Cloud Targets India’s AI Compute Demand With B300 GPUs

Indian cloud provider Utho Cloud has opened bookings for NVIDIA B300 GPUs ahead of a planned February 2027 rollout. The service will offer AI...

Jio Platforms Eyes $108 Billion Valuation as Mega IPO Approaches

Jio Platforms, the digital services arm of Reliance Industries, is preparing to launch what could become India’s largest-ever initial public offering (IPO). The company...

Qualcomm Deepens AI Ambitions With $3.9 Billion Modular Acquisition

Qualcomm is making a more aggressive move into the AI infrastructure race with its planned acquisition of Modular Inc. for about $3.9 billion in...

Oracle Cuts 21,000 Jobs As AI Adoption Reshapes Workforce

Oracle has reduced its workforce by about 21,000 employees, or 13%, in fiscal 2026 as the cloud giant continued restructuring its business amid growing...

Intel and SambaNova Build a Three-Tier Blueprint for Agentic AI Infrastructure

Intel and SambaNova have unveiled a joint blueprint for agentic AI infrastructure that combines GPUs, SambaNova RDUs and Intel Xeon 6 processors to address...

NTT Invests ₹2,400 Crore in New Bengaluru Data Center Campus

NTT Data Group has announced a significant expansion of its India data center footprint with a ₹2,400 crore (US$288 million) investment in a new...

Sela to Invest $15 Million in India to Build Cloud and AI Innovation Centres

Sela, a global cloud consulting and managed services company, has announced a $15 million investment in India over the next five years to expand...

Andhra Pradesh Signs ₹15,000 Crore MoU for 300 MW Data Centre in Vizag

The Government of Andhra Pradesh has inked a ₹15,000 crore memorandum of understanding (MoU) with Tillman Global Holdings, a U.S.-based digital infrastructure company, to...

Cisco AI Readiness Index Finds Only 13% of Firms Truly AI-Ready

A new Cisco report reveals a widening gap between companies experimenting with artificial intelligence and those actually realising measurable business value. According to the...

Lambda and Microsoft Join Forces to Build Massive AI Infrastructure

Cloud AI infrastructure company Lambda has announced a multibillion-dollar partnership with Microsoft to deploy large-scale AI infrastructure powered by tens of thousands of NVIDIA...

AI-Driven Automation Fuels Massive 2025 Tech Layoffs Across Global Industry

In 2025, the technology sector faced one of its most turbulent years on record. More than 112,000 tech workers lost their jobs across 218...

TCS Launches HyperVault to Drive $7 Billion AI Data Centre Ambition

Tata Consultancy Services (TCS) has established a new wholly owned subsidiary, HyperVault AI Data Center Limited, marking a significant step in its plan to...