BANGKOK (Reuters) -Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services. The news comes a day after Chief Executive Satya Nadella announced investments worth $1.7 billion investments in artificial intelligence (AI) and cloud facilities in neighbouring Indonesia. “The datacenter […]
(Bloomberg) — Microsoft Corp. will invest in artificial intelligence infrastructure and set up its first Azure data center in Thailand, part of a push to expand its footprint in fast-growing Southeast Asia. Most Read from Bloomberg The OpenAI backer sees AI adding as much as $1 trillion in value to the region, Chief Executive Officer […]
(Bloomberg) — Microsoft Corp.’s motivation for investing heavily and partnering with OpenAI came from a sense of falling badly behind Google, according to an internal email released Tuesday as part of the Justice Department’s antitrust case against the search giant. Most Read from Bloomberg The Windows software maker’s chief technology officer, Kevin Scott, was “very, […]
(Bloomberg) — Advanced Micro Devices Inc. shares declined as much as 9.1% in extended trading after the chipmaker gave a disappointing forecast for artificial intelligence processors, a lucrative market now dominated by Nvidia Corp. Most Read from Bloomberg The company projected that its MI300 lineup — a family of so-called AI accelerators — will generate […]
(Bloomberg) — Amazon.com Inc.’s cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects, including artificial intelligence services. Most Read from Bloomberg Despite the strong cloud performance, the company’s sales forecast for the current quarter […]
(Bloomberg) — Super Micro Computer Inc. reported quarterly sales that tripled from the same period last year but fell slightly short of estimates, disappointing investors who had sky-high expectations for the server maker’s business to benefit from AI-related demand. Most Read from Bloomberg Revenue in the fiscal third quarter, which ended March 31, climbed to […]
(Bloomberg) — Advanced Micro Devices Inc., the second-biggest maker of computer processors, gave a lukewarm revenue forecast for the current period, weighed down by lackluster demand for chips used in video game hardware. Most Read from Bloomberg Second-quarter revenue will be approximately $5.7 billion, the company said in a statement Tuesday. That compares with an […]
Chip giant AMD (AMD) reported its first quarter earnings on Tuesday beating analysts’ expectations on the top and bottom lines, but lighter-than-anticipated guidance for the current quarter sent the stock lower. AMD’s announcement follows rival Intel’s own disappointing report last week in which it posted a lower than anticipated revenue outlook for its current quarter. […]
(Bloomberg) — It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government. Most Read from Bloomberg On Tuesday it was time for Changpeng “CZ” Zhao to ask for forgiveness, yet prosecutors weren’t […]
WASHINGTON (AP) — Twenty-three million families in the U.S. will have bigger internet bills starting in May. That’s because a federal broadband subsidy program they’re enrolled in is nearly out of money. Dozens of people joined Biden administration officials, advocates and U.S. Sen. Peter Welch, a Democrat from Vermont, at a Washington public library on […]
(Bloomberg) — Amazon.com Inc.’s “show-me” moment will arrive on Tuesday when its earnings become the latest litmus test on appetite for heavy artificial intelligence spending. Most Read from Bloomberg The message so far from investors: shares of firms that demonstrate progress in monetizing AI will be rewarded, while firms that don’t will see their stock […]
(Reuters) – Canadian energy company Enbridge has retained a joint venture partnership between Barnard Construction Company, Inc. and Civil and Building North America, Inc (CBNA). to construct the Great Lakes Tunnel in the Straits of Mackinac, the company said in a statement on Tuesday. The Great Lakes Tunnel will link Michigan’s peninsulas, providing a secure […]
