August 13, 2024 Amazon AWS
Amazon Web Services (AWS) has confirmed its plans to expand its data center presence in Hyderabad, India with investment in the Telangana region. The discussions were held in California in the US, and have seen AWS express a desire to expand its data center facilities and workforce in Hyderabad....
Read more
August 11, 2024 Microsoft Azure
Microsoft and Palantir Technologies are teaming up to provide cloud, artificial intelligence (AI), and analytics capabilities to the US Defense and Intelligence Community units to help them access Microsoft's large language models (LLMs) via Azure OpenAI Service within Palantir's AI Platforms...
Read more
August 09, 2024 Equinix
Equinix has surpassed a $1 billion EBITDA in Q2 2024 for the first time, reaching $1.036bn. The company Equinix has surpassed a $1 billion EBITDA in Q2 2024 for the first time, reaching $1.036bn. Furthermore, the quarter's results saw operating income up 20 percent compared to the previous...
Read more
August 03, 2024 Intel
Intel has announced it will be cutting more than 15,000 jobs as part of a $10bn cost-saving plan after the company reported a net loss of $1.6 billion for Q2 2024. The company will also be cutting capex by 20 percent, and reducing non-variable cost of goods sold by roughly $1 billion in 2025....
Read more
August 03, 2024 Amazon AWS
Amazon Web Services (AWS) brought in $26.3 billion in revenue for Q2 2024, an 18.8 percent jump over last year. However, Amazon still recorded a slower growth rate than its main rivals, Microsoft Azure and Google Cloud, both of which saw growth of 29 percent in the quarter. The growth of AWS has...
Read more
August 02, 2024 Microsoft Azure
Microsoft has signed a new cabon capture deal with climate solutions provider 3Degrees to purchase more than 80,000 metric tons of carbon removals from Western Rivers Conservancy's (WRC) Blue Creek Improved Forest Management Project, located in Northern California. "Microsoft's investment in the...
Read more
August 02, 2024 Microsoft Azure
Australian wealth management fund Colonial First State (CFS) has signed a five-year agreement with Microsoft for cloud computing and artificial intelligence (AI) services which will see CFS continue to use Azure as its preferred cloud provider and deploy generative AI use cases in collaboration...
Read more
July 29, 2024 Microsoft Azure
Microsoft has claimed that its rivals Amazon Web Services (AWS) and Google are 'muddying the waters' of the antitrust investigation currently underway by the UK Competitions and Markets Authority (CMA). Google reiterated the criticism of Microsoft in its six-page response. which said; "We believe...
Read more
July 27, 2024 Microsoft Azure
Microsoft has announced plans to deploy Lumen’s Private Connectivity Fabric (PCF) to improve its data center network infrastructure. Lumen will also migrate its workloads to Microsoft Azure and work with the company to deliver “telecom industry-specific solutions.” Erin Chapple, corporate vice...
Read more
July 25, 2024 QTS Data Centers
Investment management company Blackstone in its latest earnings call mentioned that it has more than $70 billion in prospective data center pipeline development and over $70 billion in prospective data center pipeline development. CEO Stephen Schwarzman said that "the consequences of AI are as...
Read more
July 23, 2024 Equinix
Equinix this week announced that it will be entering into the Philippines market after purchasing three facilities from Total Information Management, a local technology solutions provider. This deal comprises three carrier-neutral and interconnection-rich data centers with more than 1,000...
Read more
July 20, 2024 CyrusOne
CyrusOne has broken ground on a data center in Frankfurt, Germany known as FRA7. This data center , is currently being constructed on a 63,000 square meter plot at the Frankfurt Westside regeneration project managed by BEOS AG and Swiss Life Asset Managers and is set to consist of two three-story...
Read more
July 19, 2024 Microsoft Azure
Microsoft has made an equity investment in a rare earth materials startup focused on recycling hard drives, Canada’s Cyclic Materials, a metals recycling company that has developed a patent-pending technology, CC360.“Microsoft is working to achieve zero waste across our direct operations,...
Read more
July 18, 2024 CyrusOne
CyrusOne this week announced it secured a $687.1 million Single Asset Single Borrower (SASB) CMBS loan for CyrusOne’s DFW1 data center. This data center offers 90MW across 670,000 square feet of technical space and seven data halls and the site was upgraded to water-free chillers in 2020. Eric...
Read more
July 12, 2024 Microsoft Azure
Edge computing firm Armada has closed $40 million in funding led by M12, Microsoft’s venture fund. As part of the deal, Armada’s offerings will be made available on the Azure Marketplace.“This investment propels our total funding to over $100m and marks a significant milestone in our journey to...
Read more
July 09, 2024 CyrusOne
Data center firm CyrusOne this week announced the closing of a $7.9 billion Warehouse Credit Facility incremental to the $1.8 billion Revolving Credit Facility financing completed in May, providing the company with approximately $9.7 billion of additional debt capital raised.“The successful...
Read more
July 06, 2024 Amazon AWS
Amazon has partnered with the Australian government for the development of a high-security data center that will handle top-secret information with an investment of A$2 billion to be made over the next decade. Due to the "top secret" nature of the project, neither the location nor the specifics...
Read more
July 05, 2024 Equinix
Ericsson has confirmed that it will record a noncash impairment charge of 11.4 billion Swedish crowns, which reflects lower anticipated market growth in some of Vonage’s current portfolio."We continue to advance our strategy to build a Global Network Platform for network APIs, which was the...
Read more
July 04, 2024 Microsoft Azure
Microsoft has announced that CCL, a provider of IT and hybrid cloud services within local telco Spark's Business Group, will be its first at-scale cloud launch partner for the upcoming New Zealand cloud region.“We’ve seen huge interest from customers in leading end-to-end cloud services,...
Read more
June 14, 2024 Vantage Data Centers
Vantage Data Centers revealed this week that it had completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge and Silver Lake.“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sureel...
Read more