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Today’s Storystream

EPAM Systems has expanded its long-standing collaboration with Oracle to help enterprises embed Oracle Cloud Infrastructure and AI services into their digital strategies. The initiative targets key sectors including healthcare, finance, and life sciences. Backed by over 1,100 Oracle certifications, EPAM aims to streamline multi-cloud adoption and accelerate real-world AI deployment through its engineering expertise and Oracle-aligned cloud innovation.

Melbicom has opened a new data center in Tokyo, marking a strategic move to deepen its reach across Asia-Pacific. The facility connects directly to Japan’s major internet exchanges—BBIX, JPIX, and JPNA—cutting latency by up to 71%. With scalable bare-metal and VPS options, the EU-based provider brings European-grade privacy and compliance to Japan, meeting growing regional demand for hybrid, high-performance, and data-sovereign cloud infrastructure.

Oracle rushed to release a patch for a zero-day flaw in its E-Business Suite after the Clop hacking group began stealing executives’ personal data and demanding ransom. The bug, which lets attackers break in without login credentials, fueled an ongoing extortion campaign, according to Google’s Mandiant team. Despite Oracle’s July updates, hackers kept exploiting new weaknesses through August, exposing major enterprise risks.

AI research firm Zyphra has entered a multi-year partnership with IBM to access a large AMD MI300X GPU cluster hosted on IBM Cloud, marking IBM’s biggest AMD-based cloud deployment to date. Zyphra will use the compute power to train multimodal foundation models combining language, vision, and audio for its Maia agent. The collaboration underscores growing momentum behind AMD’s AI hardware in enterprise cloud environments.

Enterprises are rapidly increasing their cloud marketplace purchases, with Omdia forecasting sales on AWS, Microsoft Azure, and Google Cloud to reach $163 billion by 2030, up from $30 billion this year. The surge comes as IT buyers embrace agentic AI and cybersecurity tools while channel partners handle nearly 60% of transactions. Companies now treat marketplace procurement as a strategic pillar of their cloud strategies.

Palantir has entered the Cloud Wars Top 10 after reporting its first billion-dollar quarter and a 48% revenue surge in Q2, with Q3 growth expected to hit 50%. The company’s market cap has soared to $443 billion—over four times its value a year ago—driven by rising demand for AI-driven data solutions and a 93% spike in U.S. commercial revenue.