Cloud computing

Bernstein

2026-09-03 08:44:54

Bernstein Forecasts IREN's AI Cloud Revenue to Hit $17B by 2030, Exit Bitcoin Mining by End of 2026

Bernstein predicts bitcoin miner IREN will generate $17 billion in annual AI cloud revenue by 2030, with cloud capacity reaching 2 GW, and likely phase out Bitcoin mining by late 2026. The company's three-year AI cloud contract pricing has surged 125% since November, signaling strong demand and pricing power.

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Jio

2026-09-02 16:17:44

Jio plans to turn older computers into AI-ready PCs for about $5.5 a month

Jio, the telecom and digital services company controlled by Indian billionaire Mukesh Ambani, is preparing a service aimed at upgrading older computers so they can run artificial intelligence applications. According to Techub, citing TechCrunch, the service could cost as little as about $11 for two months, or roughly $5.5 per month. The effort is designed to lower the barrier to AI access for both businesses and individual users rather than requiring them to buy new hardware. Jio’s approach would rely on a mix of cloud and local computing resources to improve the performance of aging devices. The reported plan points to a lower-cost route for AI adoption by extending the usable life of existing PCs while making them capable of handling AI-related workloads.

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Alibaba Cloud

2026-09-02 02:42:26

Alibaba Cloud Supports Malaysia's AI untuk Rakyat Plan, Targeting 100,000 Youth

Alibaba Cloud has announced its support for Malaysia's 'AI untuk Rakyat' initiative, which aims to expand access to artificial intelligence tools and learning opportunities for young people aged 18 to 30, with a target of reaching 100,000 individuals. The news was reported by Tech in Asia, marking Alibaba Cloud's latest push in Southeast Asian education technology.

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Anthropic

2026-09-01 22:14:24

Anthropic and Lambda Strike $35B Cloud Computing Deal Backed by Nvidia

Anthropic, an AI startup, has signed a $35 billion cloud computing agreement with Lambda, as reported by Techub News, citing CryptoBriefing. The deal is backed by Nvidia and involves the lease of a new data center built by Hut 8 in Texas. Under the terms, Nvidia will hold the lease, Lambda will procure Nvidia hardware and provide cloud services to Anthropic. Hut 8, which operates both bitcoin mining and data center operations, is the infrastructure provider. This transaction highlights Nvidia's expanding role beyond AI chip sales, as it helps emerging cloud providers secure data center capacity and financing. Earlier this month, Hut 8 also entered into a separate $45 billion agreement with Nscale, another Nvidia-backed company.

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Anthropic

2026-08-31 23:40:25

Anthropic signs $35 billion cloud deal with Lambda, backed by Nvidia and Hut 8 capacity

Anthropic has signed a $35 billion cloud computing agreement with Lambda, a cloud provider backed by Nvidia, according to The Wall Street Journal. Sources cited in the report said the capacity will come from a data center in Nueces County, Texas, built by Bitcoin miner and data center developer Hut 8. Nvidia has already signed an agreement with Hut 8 to lock in compute capacity and will directly hold the lease for the facility. Under the arrangement, Lambda will install chips purchased from Nvidia at the Hut 8-built site and then provide cloud services to Anthropic. The report said it is not yet clear how much Lambda will pay Nvidia for use of the data center. The structure allows Lambda to secure a large Anthropic contract without sourcing its own data center space, while helping Anthropic obtain access to Nvidia compute resources. The report also noted that Anthropic faced supply constraints earlier this year. This month, the company also signed a separate $45 billion agreement with another Nvidia-backed cloud provider, Nscale, to rent Nvidia computing capacity at a data center in West Virginia. Hut 8 had previously disclosed that its 700-megawatt Texas campus had been leased in full for 15 years by an investment-grade company, with the $20 billion facility set to deploy Nvidia chips.

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Federal Reser

2026-08-31 04:43:00

Waller’s hawkish Jackson Hole debut resets September hike odds as AI names head into a crucial earnings week

Markets started the new week repricing the Federal Reserve after Chair Waller’s first keynote speech since taking office at Jackson Hole. He said recent improvement in PCE and CPI had not yet produced a “meaningful improvement” in underlying inflation and warned that the Fed still had work to do if inflation failed to return to the 2% target clearly and quickly enough. Traders moved fast: the implied probability of a September rate hike jumped from about 40% to 62.6%, while the 2-year U.S. Treasury yield rose roughly 12 basis points to around 4.36%. U.S. equities closed lower on Friday, with the Dow down 0.02%, the S&P 500 off 0.25%, and the Nasdaq falling 0.52%. Semiconductor stocks gave back gains after the post-NVIDIA rally, while cloud and software shares outperformed on expectations that AI commercialization could direct a large share of inference spending toward Amazon Web Services, Microsoft Azure, and Google Cloud. Barclays said AI model companies may send $35-$45 of every $100 in revenue to inference compute, with cloud vendors capturing about $10-$20 in operating profit. Commodities also reacted sharply. Gold fell more than 3% and dropped below $4,400, touching $4,396 and breaking its 200-day moving average, while silver lost more than 4%. Oil moved the other way after U.S.-Iran tensions escalated near the Strait of Hormuz. The week ahead centers on the Sept. 4 U.S. August nonfarm payrolls report and a packed slate of AI-related earnings, including Broadcom, Dell, Snowflake, Credo, MongoDB, Palo Alto Networks, Zscaler, and Ciena.

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Goldman Sachs

2026-08-31 05:03:21

Goldman Sachs says AI returns and consumer resilience will dominate its San Francisco internet conference

Goldman Sachs used its Aug. 25 review of second-quarter earnings in the U.S. internet sector to make a simple point: investors are still willing to fund AI spending, but they are asking much harder questions about timing, payback and margin pressure. The bank said the quarter confirmed three themes across the sector — rising AI investment, resilient digital consumption and a tougher balancing act between growth spending and profit discipline. Internet stocks gained 9% during the period, trailing the S&P 500, which rose 11%. The report also previews Goldman Sachs’ Communacopia technology conference in San Francisco, scheduled for Sept. 8 to Sept. 11. Forty public and private companies are set to appear, with the OpenAI CFO opening the event and executives from Google Cloud, SpaceX and Uber also on the agenda. Across digital advertising, e-commerce, cloud computing, travel, ride-hailing, streaming, gaming, dating and online betting, Goldman said the central debate has shifted from whether companies should invest in AI to how clearly management teams can explain the return profile. In cloud, Google Cloud and Amazon Web Services reported massive backlog growth and ongoing capacity constraints. In consumer-facing internet segments, spending held up, though higher-income and lower-income users are behaving differently.

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Barclays

2026-08-30 18:44:45

Barclays: Cloud Providers Take $35-$40 of Every $100 in AI Model Revenue

A Barclays report says cloud service providers such as AWS, Azure and Google Cloud take $35 to $40 out of every $100 in revenue generated by an AI model, and earn $10 to $20 in profit. The bank stresses that cloud providers play a key role in the AI economy, but also flags a dependency risk. The report was cited by Crypto Briefing.

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