Money.it

Cloud computing

AI & LLMs

Alibaba unveils Zhenwu V900 AI chip, targets 20 gigawatts of data centers — but the Wall Street rally fades fast

At its Apsara Conference in Hangzhou, the Chinese tech giant unveiled a next-generation AI chip and an ambitious global cloud expansion plan,...

Alibaba unveils Zhenwu V900 AI chip, targets 20 gigawatts of data centers — but the Wall Street rally fades fast

Big Tech Stocks

Lidl’s owner is taking on Big Tech with a Silicon Valley-style campus in Germany

Dieter Schwarz, the billionaire behind Lidl, is pouring billions into his cloud computing arm with a single goal: to compete with Google,...

Lidl's owner is taking on Big Tech with a Silicon Valley-style campus in Germany

Big Tech Stocks

Oracle cuts 13% of its workforce: 21,000 jobs gone as AI reshapes the company

Oracle closed fiscal 2026 with 141,000 employees, below 150,000 for the first time in four years, as artificial intelligence and a massive cloud...

Oracle cuts 13% of its workforce: 21,000 jobs gone as AI reshapes the company