April 17, 2026

AI cloud services

Microsoft-IREN deal: Tech giant inks .7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand – The Times of India

Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand – The Times of India

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Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…

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Oracle shares soar 35% on AI demand; market valuation nears 5 billion, semiconductor stocks rally – The Times of India

Oracle shares soar 35% on AI demand; market valuation nears $915 billion, semiconductor stocks rally – The Times of India

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Oracle shares surged about 35% on Wednesday after the company highlighted a surge in demand for its cloud services from AI firms, signalling a deeper push into the infrastructure supporting artificial intelligence systems. The growth in Oracle’s cloud business reflects a broader industry trend, with companies such as OpenAI and xAI ramping up spending on…

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