16 h. ago Cloud bookings reach US$455 billion, driven by AI demand and major tech deals

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave an aggressive outlook for its cloud infrastructure business. Known for its database software, Oracle has recently found success in the competitive cloud computing market. Earlier this summer, it signed an unprecedented commitment with OpenAI for 4.5 gigawatts of data centre capacity – enough energy to power millions of American homes. It also counts companies such as ByteDance’s...

Economics

16 h. ago Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave an aggressive outlook for its cloud infrastructure business. Known for its database software, Oracle has recently found success in the competitive cloud computing market. Earlier this summer, it signed an unprecedented commitment with OpenAI for 4.5 gigawatts of data centre capacity – enough energy to power millions of American homes. It also counts companies such as ByteDance’s...

Politics

8 d. ago Russia, China ink deal to build new gas pipeline as they deepen energy ties

Russia, China ink deal to build new gas pipeline as they deepen energy ties  Al Jazeera

Politics

1 week ago SAP Cloud Revenue Surge and China Expansion Drive Strengthen Dividend Stability

SAP Cloud Revenue Surge and China Expansion Drive Strengthen Dividend Stability  Yahoo Finance

Politics

1 week ago Alibaba’s quarterly profit surges 78% on equity investments, disposals

Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the...

Economics

1 week ago Alibaba claims win in China’s instant commerce war as quarterly profit rises

Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to a 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the...

Events

1 week ago Alibaba confident of winning instant commerce war as quarterly profit rises

Alibaba Group Holding, China’s e-commerce and cloud computing services giant, on Friday reported a 78 per cent surge in profit for the June quarter, while “robust AI demand” led to a 26 per cent revenue growth for its cloud business. Net income attributable to ordinary shareholders advanced 78 per cent to 43.1 billion yuan (US$6 billion) in the period, up from 24.3 billion yuan a year earlier, primarily due to “mark-to-market changes from our equity investments and gains from the disposal of the...

Events