Cloud Computing

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Key Facts

Key PlayersAWS, Azure, Google Cloud

AI AdoptionAdvanced

Use CasesAI-as-a-Service, Auto-scaling, MLOps

Top News

QumulusAI lands $18M GPU supply deal and orders 1,632 NVIDIA Blackwell B300 GPUs for AI expansion

QumulusAI secured an $18 million two-year GPU supply deal with an undisclosed cloud marketplace customer while ordering 1,632 NVIDIA Blackwell B300 GPUs. The Atlanta-based neocloud infrastructure provider is expanding capacity by over 450% to meet surging AI demand, though shares have declined 33% recently amid profitability concerns.

Technology3 sources

QumulusAI lands $18M GPU supply deal and orders 1,632 NVIDIA Blackwell B300 GPUs for AI expansion

Technology3 sources

IREN raises AI cloud revenue target above $4 billion after securing $2.8 billion in new contracts

Former Bitcoin miner IREN jumped 16% after announcing $2.8 billion in new multi-year cloud services contracts with Microsoft, NVIDIA, and Perplexity. The company raised its year-end AI cloud annualized run-rate revenue target from $3.7 billion to over $4 billion, with 85% now under contract. The deals include customer prepayments covering 45% of GPU capital expenditures, reducing funding requirements.

Business6 sources

IREN raises AI cloud revenue target above $4 billion after securing $2.8 billion in new contracts

Business6 sources

AMD Helios AI rack system takes direct aim at Nvidia with Microsoft, OpenAI backing

AMD launched Helios, its first rack-scale AI platform designed to compete with Nvidia's dominance in data center computing. The system combines 72 Instinct MI455X GPUs and has already secured major customers including Microsoft, OpenAI, Meta, and Anthropic. With superior performance metrics and gigawatt-scale deployments planned, AMD positions itself as a serious Nvidia competitor in the AI accelerator market.

Technology29 sources

AMD Helios AI rack system takes direct aim at Nvidia with Microsoft, OpenAI backing

Technology29 sources

Elon Musk calls $52 billion Foxconn-SpaceX AI server deal 'fake news' amid compute expansion

Reports surfaced claiming SpaceX awarded Foxconn a massive $52 billion contract for 13,000 racks of NVIDIA GB300 AI servers, each priced at $4 million. But Elon Musk quickly dismissed the claims as fake news on social media. Neither SpaceX, Foxconn, nor NVIDIA have confirmed the deal, leaving questions about the company's actual AI infrastructure plans.

Technology4 sources

Elon Musk calls $52 billion Foxconn-SpaceX AI server deal 'fake news' amid compute expansion

Technology4 sources

France and Germany pledge European military AI platform to rival Palantir's battlefield tech

France and Germany announced plans to develop a sovereign alternative to Palantir's military AI software, with France's Arcadia platform serving as the foundation. Both nations have already replaced Palantir with European provider ChapsVision for intelligence services, signaling a strategic shift to reduce reliance on non-European technology amid uncertain transatlantic relations.

Policy2 sources

France and Germany pledge European military AI platform to rival Palantir's battlefield tech

Policy2 sources

SpaceX in talks to supply Pentagon with billions in AI computing power, challenging cloud giants

Elon Musk's SpaceX is negotiating a multi-billion-dollar deal to provide the U.S. Department of Defense with data center capacity for running AI models. The agreement would deepen SpaceX's military ties and position it to compete directly with established cloud providers like Amazon Web Services and Microsoft Azure by offering computing capacity at lower prices.

Business5 sources

SpaceX in talks to supply Pentagon with billions in AI computing power, challenging cloud giants

Business5 sources

Intel expands Google Cloud partnership to deploy Gemini AI across workforce for chip design

Intel is expanding its long-running partnership with Google Cloud by deploying Gemini Enterprise across its global workforce to accelerate chip design and automate workflows. The chipmaker will use AI agents for engineering, supply chain, and marketing operations while leveraging Google Cloud's C4 and N4 instances to run multiple high-performance computing simulations concurrently and dramatically speed up semiconductor development timelines.

Technology4 sources

Intel expands Google Cloud partnership to deploy Gemini AI across workforce for chip design

Technology4 sources

Google renames NotebookLM to Gemini Notebook, unifying its AI-driven research ecosystem

Google is rebranding NotebookLM as Gemini Notebook, aligning its popular AI-powered research tool with the broader Gemini brand. The renamed platform, which has attracted 30 million users and over 600,000 organizations since launching as Project Tailwind in 2023, now includes native code execution capabilities for complex data analysis within secure cloud environments.

Technology17 sources

Google renames NotebookLM to Gemini Notebook, unifying its AI-driven research ecosystem

Technology17 sources

Nvidia-backed Fireworks hits $17.5 billion valuation as demand for cheaper AI models surges

Nvidia-backed AI infrastructure startup Fireworks raised $1.51 billion at a $17.5 billion valuation, driven by surging demand for cost-effective AI solutions. The company exceeded $1 billion in annualized revenue—five times last year's figure—as finance executives increasingly direct teams toward open-source AI alternatives over expensive proprietary models.

Startups2 sources

Nvidia-backed Fireworks hits $17.5 billion valuation as demand for cheaper AI models surges

Startups2 sources

Public sector modernisation accelerates but 73% lack infrastructure for AI workloads on-premises

Indian government and education institutions are rapidly embedding AI into critical operations like fraud detection and service delivery. But the 8th Annual Nutanix Enterprise Cloud Index reveals 73% lack infrastructure readiness for on-premises AI, while 91% report shadow AI creates mission risks. Organizations turn to containerization and hybrid infrastructure as they balance innovation with governance challenges.

Technology2 sources

Public sector modernisation accelerates but 73% lack infrastructure for AI workloads on-premises

Technology2 sources

Airbus picks Scaleway for AI and defence work as Europe pushes for digital sovereignty

Airbus signed a multi-year agreement with Iliad-owned Scaleway to provide cloud infrastructure for sensitive industrial and defence applications. The partnership supports AI tools developed with French startup Mistral and aims to migrate around 70 critical applications by 2028. The move reflects Europe's growing focus on digital sovereignty as AI becomes embedded in critical infrastructure.

Technology2 sources

Airbus picks Scaleway for AI and defence work as Europe pushes for digital sovereignty

Technology2 sources

CoreWeave explores Wall Street playbook to hedge against volatile memory chip prices

AI cloud company CoreWeave is exploring financial derivatives like put options to protect against falling memory chip prices after signing long-term supply agreements with price floors. The move highlights how deeply AI infrastructure demand has entangled cloud providers with volatile chip markets, as memory prices have nearly doubled this year but historically collapse when new manufacturing capacity comes online.

Business3 sources

CoreWeave explores Wall Street playbook to hedge against volatile memory chip prices

Business3 sources

AI Investment Boom Could Mirror Dotcom Bust as BIS Warns of $1 Trillion Spending Spree

The Bank for International Settlements warns that the AI investment boom could collapse into a financial bust, drawing parallels to the dotcom crash. Five major hyperscalers are set to spend over $1 trillion on AI infrastructure through 2026, but economic risks from debt-fueled expansion and circular financing threaten sustainability.

Business2 sources

AI Investment Boom Could Mirror Dotcom Bust as BIS Warns of $1 Trillion Spending Spree

Business2 sources

Oracle expands AI Agent Studio with pro-code tools for Fusion Agentic Applications

Oracle launched a new AI-native builder experience for its AI Agent Studio, enabling developers to create and run agentic applications within Oracle Fusion Applications using professional coding tools. The update introduces CLI-based capabilities and support for AI coding assistants like Codex and Claude Code, positioning Fusion as a development platform for autonomous enterprise applications.

Technology4 sources

Oracle expands AI Agent Studio with pro-code tools for Fusion Agentic Applications

Technology4 sources

PTC launches Onshape Labs early-access program to embed AI capabilities in product development

PTC unveiled Onshape Labs, an early-access program within its cloud-native CAD and PDM platform that gives customers first access to emerging AI capabilities. The program includes AI Quick Render for prompt-based renderings and workflows connecting to NVIDIA Isaac Sim for robotics simulation, with broader availability expected this summer.

Technology2 sources

PTC launches Onshape Labs early-access program to embed AI capabilities in product development

Technology2 sources

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