Microsoft shareholders sued the company Friday (June 12), alleging that it defrauded them and inflated its stock price by concealing slower growth in its Azure cloud business and a need to invest billions of dollars in artificial intelligence infrastructure, Reuters reported Monday (June 15). The...
Artificial intelligence accounts for a rapidly growing share of Alibaba Group’s revenue, and it will deliver a return on the substantial investment the company is making in AI infrastructure, CEO Eddie Wu said Wednesday (May 13). Speaking during the company’s earnings call for the quarter...
Financial services are facing a technological reckoning. Cloud contracts are at the center of it. Ever since cloud migration first started to displace on-premises solutions for core banking architectures, banks have approached modernization initiatives as primarily a story of cost optimization, scalability and resilience. Contracts...
Oracle is cutting thousands of jobs, CNBC reported Tuesday (March 31), citing unnamed sources. The software maker, which employed 162,000 people as of May, has seen its stock price drop 25% this year, according to the report. Investors have been concerned about the potential threat...
April 28, 2026
Financial services are facing a technological reckoning. Cloud contracts are at the center of it. Ever since cloud migration first started to displace on-premises solutions for core banking architectures, banks have approached modernization initiatives as primarily a story of cost optimization, scalability and resilience. Contracts were negotiated around storage tiers, uptime guarantees, and predictable compute […]
June 12, 2025
The everything consumer requires an everything retailer, and that’s the pole position that retail giants Amazon and Walmart have been battling for over the past two decades. The rivalry between...
May 01, 2025
Most earnings announcements and ensuing analyst calls are spent discussing all the money — or lack of it — the host company made during the previous quarter. Not so at...
February 14, 2025
Global IT spending is expected to increase by 9% in 2025, driven by AI and cloud expenditures, according to a report from S&P Global Ratings. But a divided picture is...
June 15, 2026
Microsoft shareholders sued the company Friday (June 12), alleging that it defrauded them and inflated its stock price by concealing slower growth in its Azure cloud business and a need to invest billions of dollars in artificial intelligence infrastructure, Reuters reported Monday (June 15). The lawsuit was sparked by Microsoft shares falling 10% on Jan. […]
May 13, 2026
Artificial intelligence accounts for a rapidly growing share of Alibaba Group’s revenue, and it will deliver a return on the substantial investment the company is making in AI infrastructure, CEO...
March 31, 2026
Oracle is cutting thousands of jobs, CNBC reported Tuesday (March 31), citing unnamed sources. The software maker, which employed 162,000 people as of May, has seen its stock price drop...
March 19, 2026
Alibaba Group saw growth across both its cloud and eCommerce segments during the quarter ended Dec. 31, according to a Thursday (March 19) earnings release. Overall, the company saw year-over-year...
