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Generative AI boosts cloud revenue for Microsoft, Google
Feb 19,2024
Microsoft and Google, who saw cloud revenue slow in recent quarters, are reporting a resurgence of growth due to the proliferation of generative AI (genAI).Both companies on Tuesday reported revenue numbers for the final quarter of 2023."Google Cloud...
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Microsoft and Google invest in AI in Europe
Feb 19,2024
Google parent company Alphabet and Microsoft have both announced huge investments in artificial intelligence in Western Europe this week, likely to get ahead of proposed European Union AI regulations likely to be introduced in April.A new Google AI h...
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Microsoft in talks with CISPE to resolve EU antitrust complaint on cloud licensing
Feb 08,2024
Microsoft is in discussions with the Cloud Infrastructure Services Providers in Europe (CISPE) to tackle the EU antitrust complaint concerning the company's cloud computing licensing practices. The talks are focused on resolving concerns raised by CI...
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Microsoft temporarily surpasses Apple in market valuation
Jan 12,2024
Microsoft temporarily surpassed Apple in market valuation, signalling a shift in the tech industry landscape. Microsoft's stock closed 0.5% higher, reaching a market capitalisation of$2.859 trillion, while Apple closed 0.3% lower at$2.886 trillion. T...
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The EU scrutinises Microsoft's investment in OpenAI over merger concerns
Jan 10,2024
The European Union (EU) is considering whether to launch a probe into Microsoft's investment in OpenAI, a ChatGPT maker, due to concerns about the potential impact on competition and the market. The European Commission has announced a competition inv...
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India's financial sector embraces technology to boost country's economy
Dec 20,2023
India is taking significant steps to build a robust technology infrastructure to support its financial services sector. Over 60,000 small rural lenders, known as Primary Agriculture Cooperative Credit Societies (PACS), have signed up to join a nation...
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AWS blames Microsoft for anti-competitive practices in the UK
Dec 11,2023
Amazon Web Services (AWS) has blamed Microsoft for anti-competitive practices in the cloud computing segment in a letter to the UK's Competition and Markets Authority (CMA)."Some IT providers, such as Microsoft, use licensing practices that restrict ...
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EU approves?Important Project on Next Generation Cloud and Edge Computing
Dec 05,2023
The European Commission has approved an Important Project of Common European Interest (IPCEI) to develop industrial advanced cloud and edge computing technologies among multiple providers in Europe. TheIPCEI Next Generation Cloud Infrastructure and S...
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Amazon Q: AWS' answer to Microsoft's GPT-driven Copilot
Dec 04,2023
AWS CEO Adam Selipsky on Tuesday premiered the star of the cloud giant's ongoing re:Invent 2023 conference: Amazon Q,the company's answer to Microsoft's GPT-driven Copilot generative AI assistant.   Selipsky's announcement of Q was reminisc...
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UK regulator refers cloud infrastructure market for investigation
Nov 13,2023
UK communications regulator Ofcom has published an interim report that proposes the cloud infrastructure market be referred to the UK's Competition and Markets Authority (CMA) due to concerns around a decline in competition. The report said that exis...
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Cloud boosts Microsoft's strong third quarter
Nov 13,2023
Microsoft posted strong results across the board for its third quarter of 2022, with total revenue increasing by 18% year-over-year to$49.4 billion, thanks in large part to continued growth of its cloud products. Net income for the quarter was$16.7 b...
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Annual public cloud revenue reaches half a trillion dollars
Nov 13,2023
Global revenue generated by public cloud services topped the$500 billion mark in 2022, according to new data released this week by research firm IDC. The actual figure was$545.8 billion, IDC's research found, a sum that represents a 22.9% increase ov...
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