Microsoft reported a strong third quarter with revenue growth was 17% with Microsoft Cloud revenue up 23% from a year ago. Azure and other cloud services revenue growth was 31% driven by AI services.
IBM said it will acquire HashiCorp in a deal valued at $6.4 billion as it builds out its infrastructure and security lifecycle management tools to go along with its hybrid cloud and AI portfolio.
Microsoft and The Coca-Cola Co. have an expanded deal as part of an emerging multi-cloud strategy. Coca-Cola also has AWS in the mix.
Google Cloud outlined a series of services and enhancements across its platform in a bid to make it easier for enterprises to bring their data to generative AI models, build applications and deploy them at scale.
"We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply—despite the fact we are opening new and expanding existing cloud datacenters," said Oracle CEO Safra Catz.
Equifax in 2024 will decommission mainframes and data centers in North America as it largely completes a cloud transformation that dates back to 2018. Now Equifax CEO Mark Begor is looking for more product velocity, artificial intelligence capabilities and competitive advantage.
Nvidia's ability to stay ahead of the curve is fascinating. Nvidia has dominated generative AI with GPUs that until recently were the only game in town for accelerated computing, but should a new buzzword turn up CEO Jensen Huang will be riding that wave too.
Akamai announced plans to embed cloud computing across its edge network via an initiative called Gecko (Generalized Edge Compute) in a bid to grab AI inferencing, multiplayer gaming, streaming media, analytics and spatial computing workloads.
Alibaba's cloud unit in the fiscal third quarter delivered revenue growth of 3%, but improved its adjusted earnings before interest, taxes and amortization by 86%.
Amazon Web Services' fourth quarter revenue was $24.2 billion, up 13% from a year ago, and below the 30% and 26% growth rates put up by Microsoft Azure and Google Cloud, respectively.
For IBM, StreamSets and webMethods will give it more API management and data integration tools.
Oracle CEO Safra Catz said the only limiting factor to Oracle Cloud Infrastructure is capacity. There's a big data center buildout under way.
