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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Anthropic Expands Google Deal for One Million AI Chips

AI research firm Anthropic has announced an expanded partnership with Google, securing access to one million Tensor Processing Units (TPUs) in a deal valued...

ST Telemedia to Invest ₹5,000 Crore in Maharashtra Data Centers

ST Telemedia Global Data Centres (India), one of the country’s leading colocation and data center service providers, has signed a Memorandum of Understanding (MoU)...

Google Subsidiary Plans ₹87,250 Cr AI Data Center in Vizag

In a major escalation of its India infrastructure ambitions, Raiden Infotech India Pvt. Ltd., a subsidiary of Google, has submitted a proposal to establish...

Oracle to Power OpenAI with $300B Compute Pact

In what could become one of the most significant cloud contracts in history, OpenAI is reportedly preparing to spend $300 billion over five years...

Cloud Division Layoffs Hit ‘Specialists’ at Amazon

Amazon has laid off several hundred employees within its Amazon Web Services (AWS) division as part of an internal restructuring effort. The job cuts,...

Jio Launches JioPC to Turn TVs Into AI Desktops

Reliance Jio has launched JioPC, a cloud-based desktop solution designed to turn television screens into full-fledged personal computers. The device, offered at ₹5,499, is...

HCLTech and AMD Launch Joint AI Innovation Labs

HCLTech and AMD have announced a strategic collaboration aimed at building the next generation of AI and cloud solutions for global enterprises. The partnership...

Microsoft to Invest $400M in Swiss AI and Cloud

Microsoft has announced a $400 million investment to expand its cloud and AI infrastructure in Switzerland. The initiative, revealed during a meeting between Swiss...

India’s Data Centre Sector Set for $25B Boost

India's data centre (DC) industry is poised for a massive investment wave of $20–25 billion over the next six years, according to Colliers India....

Microsoft to Host Musk’s Grok AI on Azure: Report

Microsoft is preparing to host Elon Musk’s Grok AI model through its Azure cloud service, according to a report by The Verge citing a...

Alphabet to Invest $75B in AI Data Centres

Alphabet Inc., the parent company of Google, has reaffirmed its commitment to artificial intelligence (AI) by announcing an ambitious $75 billion investment in data...

Google Launches Ironwood AI Chip

Alphabet Inc., the parent company of Google, on Wednesday introduced its newest artificial intelligence chip—Ironwood—a seventh-generation processor designed to boost the performance of AI...