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Today’s Storystream

NVIDIA has struck a $6.3 billion deal with AI data center operator CoreWeave, extending their partnership until 2032. The agreement ensures NVIDIA will cover unused capacity at CoreWeave’s sites, effectively shielding the company from market fluctuations. Analysts view the move as both strategic insurance and supply-chain control, reducing NVIDIA’s reliance on hyperscalers. The pact highlights CoreWeave’s fast rise and NVIDIA’s determination to anchor itself at the center of the AI cloud economy.

Edge data center firm Armada has teamed up with UnityCloud.ai to develop sovereign cloud infrastructure in collaboration with tribal nations across North America. The partnership aims to blend renewable energy, enterprise-grade performance, and stronger data protections while addressing the digital divide. UnityCloud, focused on AI-driven infrastructure with tribal partnerships, called the collaboration “just the beginning” of broader sovereign cloud initiatives.

The UK Ministry of Defence has sealed a £400 million deal with Google’s sovereign cloud to enhance national security and intelligence-sharing systems. The agreement, announced ahead of President Trump’s state visit, will see AI-driven analytics, cybersecurity, and secure data hosting housed in UK datacenters. Defence secretary John Healey said the partnership strengthens communication with allies while advancing digital resilience under the nation’s Strategic Defence Review.

Alibaba is raising $3.17 billion through zero-coupon convertible notes, marking Asia’s largest deal of its kind this year. The move underscores its push to finance massive AI and cloud investments, including a $53 billion infrastructure plan. Strong investor demand shows confidence in the company’s global ambitions, even as competition at home and rising costs cloud profitability across China’s fragmented tech sector.

The EU Data Act takes effect this week, pushing cloud providers to simplify data transfers and reduce lock-in. Google is offering free intra-customer transfers under its new Data Transfer Essentials service, while Microsoft and AWS require support requests and at-cost fees. Analysts say the Act marks progress for cloud interoperability, though critics note many European providers have long embraced cost-free data movement without regulatory pressure.

Gartner predicts more than a third of VMware workloads will move to rival platforms by 2028, driven by Broadcom’s licensing overhaul and rising customer dissatisfaction. Research VP Julia Palmer says hyperscalers will gradually steer VMware users toward native cloud, while alternatives like Nutanix and Azure Local present viable options. She cautioned against cost-driven migrations, urging businesses to modernize applications and diversify infrastructure strategies instead.