Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal
Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter. Key Points
mintChina's cloud computing sector sees massive AI model price cuts by Alibaba and Baidu: Here's why
Alibaba and Baidu drastically cut prices on their large-language models, intensifying China's cloud computing price war. Alibaba's reductions reached 97 percent, and Baidu made its models free for businesses, pressuring profit margins and sparking competition among cloud providers. Key Points
mintGoogle cloud to offer cloud solutions to Bharti Airtel customers
Telecom giant establishes a services centre in Pune with more than 300 experts who will be trained in both Google cloud and digital services. Google cloud and... Key Points
The Tribune IndiaDubai’s biblical rain: Is cloud seeding to be blamed?
Torrential rains across the United Arab Emirates prompted flight cancellations, forced schools to shut and brought traffic to a standstill. One of the main reasons for the downpour is the process of cloud seeding. Let's understand this process in detail below. Key Points
India TodayPro Take: The cloud Isn’t The Answer to All IT Problems—At Least for Now
The remarkable growth of cloud computing notwithstanding, companies still keep an enormous amount of their data and digital workloads on more old-fashioned private infrastructures. And, that is unlikely to change soon. Key Points
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Amazon latest to criticise Microsoft in UK cloud market probe
Amazon (AMZN.O) has told Britain's antitrust authority its rival Microsoft (MSFT.O) uses business practices that restrict customer choice in the cloud computing market, the second major company to criticise the U.S. tech giant's operations. Key Points
ReutersExclusive: Google pushes for antitrust action against Microsoft in UK cloud market
Google (GOOGL.O) has called on Britain’s antitrust regulator to take action against Microsoft (MSFT.O), claiming its business practices had left rivals at a significant disadvantage, according to a letter seen by Reuters. Key Points
ReutersAlibaba cloud suffers second service outage in a month
Alibaba's (9988.HK) cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday, its second outage within a month. Key Points
ReutersIndian IT stare at bleak holiday quarter on grim outlook
Over the past two weeks, the likes of Microsoft, Alphabet, Amazon and even Meta, Apple and Tesla have indicated a weakening demand environment that could last at least two quarters. Even Microsoft gave a cautious outlook despite strong performance. Key Points
Economic TimesJack Ma's family trust to sell Alibaba shares amid US export curbs
US News: Alibaba Group Holding reported a 9% increase in revenue for Q3, reaching 224.8 billion yuan ($31 billion), in line with market expectations. However, Key Points
Times Of India
Delhi air pollution: A look at benefits, disadvantages and cost of artificial rains | All you need to know
The Delhi government is considering the use of artificial rain through cloud seeding to combat air pollution in the city. Here's a look at the benefits, disadvantages and the cost of cloud seeding. Key Points
mintDelhi-NCR's toxic air can be washed down for just Rs 3 crore
The researchers from IIT Kanpur who have been working on a 'fake rain' to provide relief in Delhi is estimated to take just Rs 3 crore. The process would provide relief for at least a week. The institute is targeting a cloud spanning 300 square kilometres as part of an artificial rain project in association with the Delhi government, with the Confederation of Indian Industry (CII) acting as a coordinator between the two. Key Points
Economic TimesLumentum to buy cloud Light for $750 mln as demand for cloud-based solutions rises
Lumentum Holdings (LITE.O) said on Monday it would buy Hong Kong-based cloud Light Technology for about $750 million, as the networking equipment maker looks to capitalize on growing demand for cloud computing. Key Points
ReutersAmazon rallies on cloud recovery as it chases Microsoft for AI business
Amazon.com (AMZN.O) rallied nearly 6% on Friday on signs that growth in its main profit driver, the cloud business, was picking up pace after two years of sluggishness due to lower client spending. Key Points
ReutersMicrosoft India revenue rises 39% in FY23 on services boost
Net profit for the year rose 30% to ₹649 crore, while employee benefit expenses increased 16.5% for the year to ₹1,411 crore. Key Points
mint
UK media regulator asks for probe into Amazon, Microsoft cloud dominance
British media regulator Ofcom on Thursday asked the country's antitrust regulator to investigate U.S. tech giants Amazon (AMZN.O) and Microsoft's (MSFT.O) dominance of the UK cloud market. Key Points
ReutersCoreWeave raises $2.3 billion in debt collateralized by Nvidia chips
Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) and collateralized by Nvidia chips, with the funds to be used to expand to meet rising AI workload, the company said on Thursday. Key Points
ReutersAngus cloud dead, breakout star of 'Euphoria,' passes away at 25 shortly after laying his father to rest
Angus Cloud's breakout role was in 2019's Euphoria, an acclaimed HBO series depicting the challenges faced by California high school students. Discovered while working as a server, he starred alongside Zendaya. Euphoria received awards and is among HBO's most-watched shows. Key Points
Economic TimesAlibaba's cloud unit brings Meta's AI model Llama to its clients
Alibaba's (9988.HK) cloud computing division said it has become the first Chinese enterprise to support Meta's (META.O) open-source artificial intelligence (AI) model Llama, allowing its Chinese business users to develop programs off the model. Key Points
ReutersBig Tech looks to turn the corner on cloud as AI focus stays strong
U.S. tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost technology spending, while a pickup in digital ads will also aid profits. Key Points
Reuters
Massive shelf cloud formation captivates Haridwar amid heavy rains
A massive shelf cloud was captured on video in Haridwar, Uttarakhand, amidst heavy rainfall across North India. The cloud, often associated with thunderstorms and known as an Arcus Cloud, spanned a broad arc and left viewers in awe. The spectacle has gone viral on social media, with some labeling it intimidating and others describing it as breathtaking. The Indian subcontinent is said to witness such an occurrence rarely. Key Points
Economic TimesThe AI Boom Is Here. The cloud May Not Be Ready.
Traditional cloud infrastructure wasn’t designed to support large-scale artificial intelligence. Hyperscalers are quickly working to rebuild it. Key Points
mintFoxconn may set up EV factory in India this year; ChrysCapital invests $100 million in Lenskart
Ending the week with a bang (and not a whimper) is this big piece of news: iPhone maker Foxconn is in talks with some Indian states to set the ball rolling regarding its plans to manufacture electric vehicles in India, sources have told us. Because the car is the new device? This and more in todays ETtech Morning Dispatch. Key Points
Economic TimesEU antitrust regulators quiz cloud rivals on Microsoft’s request for customer data
Cloud Infrastructure Services Providers in Europe (CISPE), whose members include Amazon, alleged last November that Microsoft's new contractual terms imposed on Oct. 1 together with other practices were harming the European cloud computing ecosystem. Key Points
The Indian ExpressAmazon's cloud unit to invest $13 billion in India by 2030
Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc, said on May 18 it plans to invest ₹1.06 trillion ($13 billion) in India by 2030, doubling down on its past investments to cater to an ever-growing demand. Key Points
The Hindu
Amazon's cloud unit to invest $12.7 billion in India by 2030, reports say
Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc, said on Thursday it plans to invest $12.7 billion in India by 2030 to build its cloud infrastructure, Reuters reported. Key Points
mintClimate change with Meghdata: How cloud has brought a paradigm shift for businesses
We are going to see the proliferation of hybrid and multi-cloud deployment, cloud-native platforms, less vulnerability to connectivity disruptions with edge computing, the use of AI for self-healing and automatic scaling, and top attention to industry functionality and cloud security. And as the cloud becomes ubiquitous, gear up for increased regulation, too. Key Points
The Economic TimesRedditor claims unhygienic working condition at cloud kitchen
A Redditor has claimed unhygienic working conditions at a Bengaluru-based cloud kitchen. The person even shared pictures from inside the kitchen. | Trending Key Points
Hindustan TimesNvidia launches DGX Cloud, brings access to AI supercomputer from a browser
We are at the iPhone moment of AI. Startups are racing to build disruptive products and business models, and incumbents are looking to respond, the company says. Key Points
mintHow Angus Cloud's remarkable Euphoria performance showed a star was born
Tributes are pouring in for Cloud, known as Fezco in HBO's teen drama, following his tragic death. But above all, it should be noted what a captivating screen presence he had, writes Laura Martin. Key Points
BBC
Angus Cloud's mother Lisa talks about actor’s last day. See what she said
Angus Cloud's mom has shared about the Euphoria actor's last day. Family revealed his passing at 25, citing recent struggle after father's loss. Key Points
Economic TimesAmazon investors eye revenue, cloud growth and retail margins ahead of earnings
Amazon (AMZN.O) investors are looking for updates on the tech giant's cloud business, ad revenue growth and signals on consumer health heading into the holidays as inflation continues to impact spending for corporations and consumers. Key Points
ReutersAmazon announces new cloud AI chip as Microsoft rivalry intensifies
Amazon.com (AMZN.O) on Tuesday announced a new artificial intelligence chip for its cloud computing service as competition with Microsoft (MSFT.O) to dominate the market for artificial intelligence heats up. Key Points
ReutersIIT Kanpur's quick-fix but temporary solution for Delhi pollution: Artificial rain
The institute, which has been working for over five years on creating conducive conditions for artificial rains, is finally ready to deliver after successful trials conducted in July this year. It has got the Directorate General of Civil Aviation's nod for cloud seeding. We have the necessary permissions from government authorities to fly the plane with cloud seeding attachment, Agrawal told ET. Key Points
Economic TimesReaction to Alibaba's scrapping of cloud unit spin-off
Hong Kong-listed shares of China's Alibaba Group (9988.HK) plunged 10% on Friday, wiping about $20 billion off its market value, after the company scrapped plans to spin off its cloud business. Key Points
Reuters
Accenture signs up $100 mn Gen AI projects in 4 months
Accenture has won $100m of generative artificial technology projects in the past four months, according to CEO Julie Sweet. The metric was released to reassure investors and analysts. Sweet said AI investment could be a "huge opportunity" for the company, adding that it was a similar moment to the advent of software as a service. The AI-related work makes up 0.6% of Accenture's $17.2bn of deal wins for March to May. Key Points
mintCould cloud seeding help Delhi breathe easier? Here's why it's up in the air
Cloud seeding has been around for 100+ years, but scientific validity & environmental impact are still debated. Delhi govt exploring possibility of inducing rain to combat pollution. Key Points
ThePrintEPAM Systems raises annual profit on strong cloud demand
EPAM Systems (EPAM.N) forecast annual profit above market expectations and beat estimates for third-quarter profit on Thursday as businesses increasingly digitise operations and adopt cloud services, sending the software firm's shares up over 6% in premarket trading. Key Points
ReutersSmall companies can now chase India's giant AI dreams
Sunil Gupta, chief executive of Yotta Data Services, which has placed a purchase order of 16,000 H100 GPUs from Nvidia and went live with 4,000 H100 GPUs a few months ago, concurred. “By lowering turnover thresholds and introducing greater flexibility in AI compute infrastructure requirements, the govt has made it easier for a diverse range of players including and especially the startups in the AI services space to contribute to this mission.” Key Points
Economic TimesThe cloud Is a Prison. Can the Local-First Software Movement Set Us Free?
Tired of relying on Big Tech to enable collaboration, peer-to-peer enthusiasts are creating a new model that cuts out the middleman. (That’s you, Google.) Key Points
WIRED
Angus Cloud's mother says actor's death was not intentional
Euphoria actor Angus cloud died earlier this week at the age of 25. Now, the late actor's mother has shared details about his last day before death. | Hollywood Key Points
Hindustan TimesThe cloud Is a Prison. Can the Local-First Software Movement Set Us Free?
Tired of relying on Big Tech to enable collaboration, peer-to-peer enthusiasts are creating a new model that cuts out the middleman. (That’s you, Google.) Key Points
WIREDAmazon to invest $7.2 bln in Israel, launches AWS cloud region
Amazon.com (AMZN.O) said on Tuesday it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country. Key Points
Reuters