BENGALURU: It has been a difficult day for cybersecurity, with critical vulnerabilities in PHP triggering an urgent global patching effort, millions of reported hacking attempts, and precautionary shutdowns of some online services. Microsoft CEO Satya Nadella said the scale of the incident was unusual, remarking at an event in Cologne in Germany that he had … Read more
Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure. The move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups race to build out data centers to … Read more
If there’s one stock investors have consistently been willing to pay top dollar for over the past several years, it’s Nvidia. But with the stock struggling since mid-May, down 17% amid fears of a decline in hyperscaler spending, Morningstar says it finds itself in an unfamiliar role: an undervalued bargain. In a July 30 report, … Read more
RMZ, Asia’s leading integrated alternative-assets platform, is partnering with Colt Data Centres to set up a 1.25-GW data centre with an investment of ₹1.77 lakh crore at Anandapuram in Visakhapatnam. The Andhra Pradesh government’s State Investment Promotion Committee (SIPC) approved the project last week. According to highly placed sources, about 200 acres of land have … Read more
HCLTech, country’s third largest IT services company, on Friday announced its plans to set up its first AI Data Center in the upcoming Odisha Sovereign AI Park in partnership with Sarvam and the Government of Odisha. “The planned capital outlay for the project will be Rs 14,257 crores, including financial assistance from the Government of … Read more
Not long ago, Intel looked like a fallen giant. Now, the chipmaker has posted its “strongest revenue growth in more than fifteen years,” CEO Lip-Bu Tan said Thursday. The company’s second-quarter results sent shares up more than 11% in after-hours trading. The company reported revenue of $16.1 billion, up 25% from a year earlier. It … Read more
The Board of Anant Raj Ltd (ARL), has approved the demeger. ARL will first consolidate all its data centre and cloud operations under one entity before carving them out into Ashok Cloud Pvt. Ltd (ACPL), a dedicated digital infrastructure and cloud services company that will be listed independently. Shareholders of ARL will receive one fully … Read more
The AI boom has unleashed an unprecedented wave of spending, with technology companies committing hundreds of billions of dollars to AI infrastructure, data centres, chips, and startups. But amid this investment frenzy, one key question remains: where is all the money actually going? OpenAI led AI boom Today’s AI spending wave can be traced back … Read more