Cloud
Investing.com — BMO Capital Markets increased its price target for Google owner Alphabet (NASDAQ:) shares, while maintaining an Outperform rating. The upward revision follows positive channel checks that suggest improvements across Google’s Search, Google Cloud Platform (GCP), and YouTube segments. BMO’s analysis suggests that Search revenue for 2025 is looking…
Matt Garman leads AWS with 11 executives amid rising cloud and AI competition.Garman, an Amazon veteran, became AWS CEO in June, succeeding Adam Selipsky.Julia White, ex-SAP and Microsoft, is the latest addition as AWS’s chief marketing officer.A leaked Amazon Web Services organizational chart shows the 11 executives helping new CEO…
Investing.com– Gold prices rebounded from a one-month low on Thursday as the Federal Reserve lowered interest rates as expected, although the central bank’s hawkish stance on future rate cuts clouded the outlook for bullion. Gold prices had dropped more than 2% overnight after the Fed’s policy meeting indicated fewer rate…
By Stephen Nellis and Greg Bensinger LAS VEGAS (Reuters) – Amazon.com (NASDAQ:)’s cloud unit on Tuesday showed new data center servers packed with its own AI chips that will challenge Nvidia (NASDAQ:), with Apple (NASDAQ:) coming aboard as a customer to use them. The new servers, based on 64 of…
By Ashwin Manikandan and Haripriya Suresh MUMBAI (Reuters) – India’s central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank…
By Valerie Volcovici and Nailia Bagirova BAKU (Reuters) – The annual U.N. climate summit kicks off Monday (NASDAQ:) with countries readying for tough talks on finance and trade, following a year of weather disasters that have emboldened developing countries in their demands for climate cash. Delegates gathering in Azerbaijan’s capital…
The tech giants Meta, Alphabet, Amazon, and Apple reported earnings this week.Companies beat expectations, with some boosted by large cloud growth.Heavy investment in generative AI also showed signs of paying off and improving internal efficiency. The tech giants Meta, Alphabet, Amazon, Apple, and Microsoft reported earnings this week, and investors…
Microsoft and Google beat earnings estimates amid an intensifying rivalry over AI and cloud growth.Google’s growth was fueled by AI progress, while Azure remains key for Microsoft. Both companies are spending big on AI, and investors are waiting to see that translate into returns. Microsoft may be ahead of Google…
By Deborah Mary Sophia, Aditya Soni and Anna Tong (Reuters) -Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centers. Shares of the Redmond, Washington-based…
Companies can face data-security challenges with cloud storage and access management.Data-security posture management can help identify risks and protect data.This story is part of “Security Playbook,” a series detailing cybersecurity advice and strategies. Companies handle troves of data, including financial information, customer details, and proprietary content. While much of that…
