Alibaba is in sound financial health. As of September 2023, the company had CNY 572 billion in cash and short-term investments on its balance sheet against CNY 166 billion in short- and long-term bank ...

AI is driving an unprecedented transformation in data centers, with global data center CapEx spending projected to more than ...

The company's cloud unit, Amazon Web Services (AWS), reported a 19% rise in revenue to $28.79 billion, falling short of estimates of $28.87 billion, according to data compiled by LSEG. Amazon ...

According to Gartner, the year 2025 might see a further uptick in ... is projected to grow from $94 billion in 2023 to ...

Alphabet GOOGL.O said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue ...

He emphasized the completion of 85% of Equifax’s revenue migration to the Equifax Cloud and the company’s pivot to leveraging the cloud for growth, innovation, and AI-driven products in 2025.

(Reuters) -Amazon.com investors drove shares down sharply on Thursday due to weakness in the retailer's cloud computing unit and lower-than-expected forecasts for first-quarter revenue and profit.