cloud

Brazil's banks are set to spend $9.8 billion on technology by 2026, marking an 8% annual increase. Over five years, tech budgets have risen 58% as banks shift towards becoming tech firms, with cybersecurity, cloud, and generative AI as top priorities.

The Marines are exploring cloudless networks to maintain AI tool functionality during cloud outages. The initiative aims to ensure operational continuity without relying on traditional cloud services.

Amazon CEO Andy Jassy met with PM Modi and announced a $13 billion investment in India focused on cloud and AI. The company aims to support 3.8 million jobs by 2030 through this initiative.

Oracle reduced its global workforce by 21,000 employees over the past year, with restructuring costs rising 391% to $1.8 billion. Layoffs affected departments like Health, Sales, Cloud, and NetSuite as the company invests in AI infrastructure and data centers.

The EU Commission proposes a tech sovereignty-focused cloud and AI strategy using incentives and mandates to encourage governments to prioritize European technology. The approach combines 'carrot-and-stick' measures to drive adoption of homegrown solutions.

Perplexity has introduced a hybrid inference system that automatically routes AI tasks between user devices and the cloud. The system aims to enhance privacy and reduce costs by minimizing server usage.

The European Union has launched a tech sovereignty initiative aimed at strengthening domestic capabilities in chips, cloud computing, and artificial intelligence to reduce reliance on American and Asian technology companies.

Microsoft awarded $2.3 million to security researchers for identifying cloud and AI vulnerabilities during the Zero Day Quest contest. The event received nearly 700 submissions, highlighting significant interest in cybersecurity research.