cloud infrastructure

AWS exceeds Wall Street’s expectations as demand for cloud infra remains high

Enterprise /

Amazon’s cloud infrastructure service, Amazon Web Services (AWS), is on track to record its strongest year of growth in three years, fueled by the AI industry’s unprecedented demand for computing power. AWS is growing 20% year-over-year and ended the third quarter with $33.1 billion in sales through the first nine months of the year, Amazon […]

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Oracle is reportedly looking to raise $15B in corporate bond sale

Enterprise /

Oracle is reportedly looking to raise funds just weeks after the company inked an historic AI infrastructure deal with OpenAI.   Cloud infrastructure giant Oracle is looking to raise $15 billion through corporate bond sales, according to reporting from Bloomberg, citing sources. The sale could include up to seven different parts, with the potential for one said part to be an uncommon 40-year bond, Bloomberg reported.   TechCrunch reached out

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Oracle promotes two presidents to co-CEO role

Enterprise /

Oracle is shaking up its executive suite as it sets its sights set on AI infrastructure dominance. The company announced Monday that it is promoting Clay Magouyrk and Mike Sicilia to co-CEO roles.   Magouyrk joined Oracle in 2014 from Amazon Web Services. He was a founding member of Oracle’s cloud engineering team and has served as the president of Oracle’s cloud infrastructure business unit for more than

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AMD strikes a deal to sell ZT Systems’ server-manufacturing business for $3B

AI /

Semiconductor giant AMD followed through with its plan to spin out ZT Systems’ server-manufacturing business. AMD announced on Monday that it was selling ZT Systems’ server-manufacturing business to electronic manufacturing services company Sanmina. The $3 billion deal is a mix of cash and stock: $2.25 billion in cash; a $300 million premium, including 50% cash

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Amazon to invest $4B in Chile to launch AWS infrastructure region

Enterprise /

Amazon is making a sizable investment to support new and existing Amazon Web Services (AWS) customers in Chile. The tech conglomerate announced on Wednesday that it will pour more than $4 billion into building an AWS infrastructure region of data centers in Chile by the end of 2026. The investment will go toward establishing three

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Serverless cloud platform Koyeb now lets developers spin up Tenstorrent’s AI accelerators

AI /

Just a few weeks after chipmaker Tenstorrent raised nearly $700 million in funding, developers can now try out Tenstorrent’s AI accelerators on Koyeb. Tenstorrent sells AI processors built around the RISC-V instruction set architecture, and has developed its own open-source neural network library, TT-NN, and open-source low-level programming model, TT-Metalium. Tenstorrent is part of a

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