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Oracle Reports Lower Revenue Despite AI Demand, Stock Drops 11%

Oracle Reports Lower Revenue Despite AI Demand, Stock Drops 11%

Oracle Reports Lower Revenue Despite AI Demand, Stock Drops 11%
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Oracle Reports Q2 Revenue Miss Amidst Rising RPO and AI Investments

Oracle Reports Q2 Revenue Miss Amidst Rising RPO and AI Investments

Oracle Reports Q2 Revenue Miss Amidst Rising RPO and AI Investments
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Amazon announces $35 billion investment in India

Amazon announces $35 billion investment in India

Dec 10 (Reuters) - Amazon plans to invest more than $35 billion in India by 2030 to expand operations and strengthen its artificial intelligence capabilities, the U.S. e-commerce giant said on Wednesday, becoming the latest global tech firm to deepen its presence in the world's most populous country
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Oracle shares tumble as gloomy forecasts, higher capex reignite AI bubble concerns

Oracle shares tumble as gloomy forecasts, higher capex reignite AI bubble concerns

By Kanchana Chakravarty Dec 11 (Reuters) - Oracle shares slumped nearly 11% in premarket trading on Thursday after downbeat forecasts and higher capex fanned worries that its massive AI investments are taking longer than expected to pay off.
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Oracle AI reality check knocks stocks, Fed cut saps dollar

Oracle AI reality check knocks stocks, Fed cut saps dollar

By Marc Jones LONDON, Dec 11 (Reuters) - World stocks stalled on Thursday as cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the U.S. Federal Reserve cut interest rates for a third meeting running.
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Google names Amin Vahdat as new chief of AI infrastructure buildout, Semafor reports

Google names Amin Vahdat as new chief of AI infrastructure buildout, Semafor reports

Dec 10 (Reuters) - Alphabet's Google has appointed longtime executive Amin Vahdat as chief technologist for AI infrastructure, Semafor reported on Wednesday, citing an internal memo, as tech giants pour billions into the computing backbone needed to power artificial intelligence.
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Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth

Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth

Amazon Commits $35 Billion to AI Development in India, Aiming for Economic Growth
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EU antitrust regulators erred in clearing Broadcom's VMware deal, cloud industry lobby says

EU antitrust regulators erred in clearing Broadcom's VMware deal, cloud industry lobby says

By Foo Yun Chee BRUSSELS, Dec 11 (Reuters) - EU antitrust regulators failed to analyse properly the risks of Broadcom's $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe (CISPE) has told Europe's second-highest
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Amazon Commits $35 Billion to India's AI Sector by 2030

Amazon Commits $35 Billion to India's AI Sector by 2030

Amazon has announced a commitment to invest over $35 billion in India's cloud and artificial intelligence sectors by 2030. This investment is part of Amazon's strategy to capitalize on India's rapidly growing digital economy. The funds will be directed towards AI-driven digitization, export growth, and job creation, aligning with India's national priorities to enhance its local AI environment. The investment is expected to generate an additional 1 million jobs in India and quadruple exports to $80 billion. This move follows Amazon's previous investments of nearly $40 billion in the country and comes shortly after Microsoft's announcement of a $17.5 billion investment in India's AI infrastructure.
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Microsoft fights $2.8 billion UK lawsuit over cloud computing licences

Microsoft fights $2.8 billion UK lawsuit over cloud computing licences

LONDON, Dec 11 (Reuters) - Microsoft was on Thursday accused of overcharging thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, at a pivotal hearing in a 2.1 billion-pound ($2.81 billion) lawsuit.
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Microsoft to invest more than $5.4 billion in Canada to boost AI infrastructure

Microsoft to invest more than $5.4 billion in Canada to boost AI infrastructure

Dec 9 (Reuters) - Microsoft said on Tuesday it was investing more than C$7.5 billion ($5.42 billion) in Canada over the next two years, its latest in a series of investments in artificial intelligence infrastructure globally.
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Aware Super CIO warns of 'orange' lights in AI financing as valuations soar

Aware Super CIO warns of 'orange' lights in AI financing as valuations soar

By Scott Murdoch SYDNEY, Dec 9 (Reuters) - The chief investment officer of Australian pension fund Aware Super says there are flashing "orange" lights in some funding arrangements in the global artificial intelligence industry but earnings growth is backing up the sector's current valuations.