Tag: cloud infrastructure
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What Could a $100 Billion Bet on AI Data Centres Cost India? Risks, Rewards, and Road to Realisation
Introduction: A Landmark Bet on AI infrastructure India’s ambitious plan to channel about $100 billion into AI data centres signals a bold push to position the country as a global technology hub. While such investments promise long-term gains in productivity, digital inclusion, and job creation, they also carry significant costs. This article breaks down the…
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US Tech Stocks Slide as Oracle AI Data Centre Setback Sparks AI Spending Concerns
US Tech Stocks Dip as Oracle Setback Stokes AI Spending Concerns U.S. tech shares moved lower on Wednesday after reports that Oracle Corp. has lost a key backer for a major data centre project. The setback reignited investor worries about the rapid pace of artificial intelligence (AI) spending and the heavy debt that often finances…
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Why Cloudflare Outage Shook the Internet — and What It Means for the Week Ahead
What happened this week In a rare disruption of the globally relied upon internet infrastructure, Cloudflare experienced a major outage on Tuesday morning that lasted several hours. The incident briefly knocked a wide array of services offline or made them sluggish, including well-known platforms and tools such as ChatGPT, Spotify, and the social network X.…
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IREN Secures $9.7 Billion AI Cloud Contract with Microsoft
IREN Secures a Landmark AI Cloud Agreement with Microsoft In a move that reinforces its position in the high-demand AI infrastructure market, IREN Limited (NASDAQ: IREN) announced a multi-year GPU cloud services contract with Microsoft. The agreement, valued at $9.7 billion, will see IREN provide Microsoft with access to advanced NVIDIA GB300 GPUs, marking a…