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Australia’s Cloud Computing Growth to Reach $81 Billion by 2029
According to a new report, cloud computing was worth between $9 billion and $10 billion to the Australian economy from 2022 to 2023. However, continued enterprise cloud migrations and a boom in AI computing could push its annual contribution to GDP up to $81 billion by 2029. The report, endorsed by the Australian Information Industry Association and compiled by DT…
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Apple CEO Tim Cook hails company’s “deep connection” with UK as figures show it’s invested £18 billion since 2019
Apple CEO Tim Cook has hailed the company’s “deep connection” with the UK as it continues its expansion efforts across the country. Cook’s comments follow the publication of figures by Apple showing it has doubled the size of its engineering workforce in the UK over the last five years. The tech giant has also invested more than £18 billion in…
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Meta just unveiled plans to spend $10 billion on its largest-ever data center
Meta, together with Louisiana Economic Development (LED), is planning its biggest-ever data center in Richland Parish, northeast Louisiana. The $10 billion, AI-focused facility will occupy four million square feet on 2,250 acres. Construction is expected to start this month and to take until 2030. “Richland Parish in Louisiana is an outstanding location for Meta to call home for a number…
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Microsoft hit with £1 billion lawsuit over claims it’s “punishing UK businesses” for using competitor cloud services
Microsoft is facing a £1 billion lawsuit in the UK over claims that it’s been overcharging customers for using rival cloud platforms. Those using Amazon Web Services (AWS), Google Cloud Platform (GCP) or Alibaba Cloud rather than Microsoft Azure, it claims, were charged higher licensing fees for Windows Server. Customers licensing Windows Server via AWS, Google Cloud Platform, or Alibaba…
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Forget the metaverse, AI is the money-spinner at Meta: Reality Labs lost $4.4 billion this quarter, but Mark Zuckerberg’s sharpened AI focus is delivering results – and there’s more to come with Llama 4 on the horizon
Meta posted strong financial results for the third quarter, indicating AI continues to be the company’s north star and driving significant revenue growth. The social media giant reported it generated $40.6 billion in sales, marking 19% year-on-year growth and outpaced analyst expectations that projected the company would only muster $40.19 billion in the quarter. Meta saw growth in user engagement,…
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The National Public Data breach exposed nearly three billion users – now the company has filed for bankruptcy
Data broker National Public Data has filed for bankruptcy, claiming it cannot sustain the mounting financial and reputational damage associated with a major data breach it suffered in December 2023. The background-checking service filed for bankruptcy in Florida under its parent company Jerico Pictures Inc, and explicitly cited the 2023 data breach as a direct contributor to its downfall. NPD…
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£6.3 billion data center investment marks major ‘vote of confidence’ for UK tech industry
Four US firms have announced plans to invest a total of £6.3 billion in data center infrastructure across the UK in a move described by technology secretary Peter Kyle as a ‘vote of confidence’ in Britain. The deals with CyrusOne, ServiceNow, CloudHQ, and CoreWeave, announced as part of this week’s International Investment Summit, bring the total investment in UK data…
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Blackstone confirms £10 billion data center in UK
Investment company Blackstone has confirmed a $13.3bn (£10bn) deal to build a data center in the north of England on the site of a failed venture to build electric batteries. The move comes weeks after the UK classed data centers as critical national infrastructure, and follows a stark warning from Google that the UK risks falling behind in the AI…
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Data center carbon emissions are set to skyrocket by 2030, with hyperscalers producing 2.5 billion tons of carbon – and power hungry generative AI is the culprit
Data center carbon emissions are set to skyrocket over the next decade, according to research from Morgan Stanley, with generative AI prompting a massive spike in power consumption. A study by the investment bank predicted that the data center industry at large will produce 2.5 billion tons of carbon through 2030. Notably, the research found this rapid increase is three-times…
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Google Overturns €1.5 Billion E.U. Antitrust Fine
Google has successfully overturned a €1.5 billion antitrust fine it was handed by the European Commission five years ago. Judges at the European General Court annulled the decision because the Commission had made errors in its assessment of the company’s advertising contracts. Specifically, the Commission had not demonstrated that Google’s contracts with publishers had potentially deterred innovation, helped the company…
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