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Microsoft will reportedly invest up to $10 billion in CoreWeave’s data centers, positioning CoreWeave as a major supplier for Microsoft’s AI demands while remaining a cloud competitor. This deal highlights Microsoft’s push to meet soaring GPU demand for AI, even as CoreWeave aims to quadruple revenue to $8 billion by 2025, eyeing a public listing by year’s end.
Oracle has initiated significant layoffs within its Oracle Cloud Infrastructure (OCI) division, reportedly affecting hundreds of US-based employees. Sources suggest the company aims to cut costs by replacing senior roles with less experienced hires. The layoffs follow similar industry trends, with tech giants like Microsoft and Google also making recent cloud workforce reductions amid shifts in cloud market dynamics.
Amazon has filed to develop the Northeast Creek Technology Campus, a 374-acre data center campus in Louisa County, Virginia. This project will include ten 382,000 sq ft data centers, three substations, and administrative facilities, part of Amazon’s $11 billion investment in central Virginia. With this second data campus in Louisa, Amazon continues to deepen its presence in the region’s data infrastructure landscape.
Rackspace Technology and AWS have deepened their partnership through a Strategic Collaboration Agreement, focusing on migration, modernization, and AI-driven cloud services. With new tools like the Rackspace Rapid Migration Offer (RRMO) and FAIR, Rackspace aims to simplify cloud transitions and generative AI adoption, supporting client transformations worldwide. Future AI solutions on AWS Marketplace further underscore Rackspace’s commitment to scalable, data-driven cloud innovations.
Konecta partners with Google Cloud to enhance its customer experience solutions through AI, automation, and cloud capabilities. This collaboration will transition Konecta’s global workforce to Google Workspace, certifying 500 engineers in Google technologies, and deploying Google Cloud’s Customer Engagement Suite. Together, they’ll boost client services with AI agents and tailored customer interactions, empowering businesses to transform customer experience digitally.
To meet growing demand for generative AI and cloud migrations, Amazon’s AWS plans a massive $75 billion capital expenditure this year. CEO Andy Jassy highlights that major enterprises are rapidly adopting cloud and AI applications, prompting AWS to expand its infrastructure significantly. With Q3 operating profits up by 50%, AWS is advancing its growth in an increasingly competitive landscape.
