Microsoft to invest $3B in AI, cloud expansion, training in India
Microsoft will expand its AI and cloud presence in India, including training 10 million individuals by 2030 and supporting AI startups. Go to Source
cloud computing
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Hashing It Out: Breaking the oligopoly with decentralized infrastructure
In episode 62 of the Hashing It Out podcast, host Elisha Owusu Akyaw explores Web3s attempt to disrupt internet infrastructure with Harrison Hines, CEO and co-founder of Fleek Network and Kyle Okamoto, chief technology officer of Aethir. Go to Source
Northern Data wants to sell Peak Mining to invest in AI expansion
The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year. Go to Source
AI Alliance expands with fourth member pending community vote
Cudos joins the ASI Alliance pending a community vote, potentially enhancing its decentralized AI and cloud computing capabilities. Go to Source
AWS CEO Predicts AI to Transform Software Developer Roles
In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take over many coding tasks, urging developers to focus on innovation and customer needs rather than the mechanics of writing code. … Read more
Huawei Aims to Drive AI Adoption in Africa With Data Center Expansion
Chinese tech giant Huawei says it will leverage its experience to help African customers. The company aims to achieve this by providing storage products and services to manage data. Huawei will also offer cloud services to support African businesses. According to the company, data centers are the new digital hubs. However, they must be faster, … Read more
Microsoft investors’ fears escalate over AI’s slow payoff
Microsoft investors are increasingly anxious about the slow financial returns from its significant investments in artificial intelligence, despite Azure’s steady growth. Go to Source
CleanSpark mined 445 Bitcoin in June, surpasses hash rate target
CleanSpark’s CEO Zach Bradford said his firm was setting its sights on increasing future hash rate instead of branching out to alternative revenue streams. Go to Source
Northern Data Mulls US Market AI Entity IPO at up to $16 Billion Valuation
Northern Data, a European cloud computing, artificial intelligence (AI), and bitcoin mining company, is reportedly mulling going public in U.S. markets. The company would be in talks to complete its initial public offering (IPO) in 2025, creating an entity combining its AI cloud computing and data center divisions. This new entity would have a valuation … Read more
Bitcoin miner Northern Data yees $16B IPO for US cloud and mining units
Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025. Go to Source
