OpenAI has secured a groundbreaking $38 billion deal with Amazon to access its cloud infrastructure, shifting away from Microsoft. This partnership aims to bolster AI advancements amidst rising demand for computing power.
In a stunning turn of events, Larry Ellison has surpassed Elon Musk to become the world's richest person with a fortune of $393 billion, fueled by Oracle's soaring stock and strong demand for cloud services and AI.
Alibaba Group is set to raise approximately HK$12 billion through exchangeable bonds to enhance its global cloud services and commerce ventures. The tech giant is making significant moves amidst fluctuating markets and economic data.
