Tags: TEEQ

Oracle launches Arm-based cloud computing service using Ampere chips

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The company logo for Oracle Corp. is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid/File PhotoOracle Corp (ORCL.N) on Tuesday launched a cloud computing service powered by data center chips from Ampere Computing based on technology from Arm Ltd, the second major cloud company to offer an Arm-based service after Amazon.com's (AMZN.O) Amazon Web Services.Cloud providers are some of the biggest buyers of chips because they rent out the computing power they generate to thousands of other companies. Until recently, however, almost all the chips cloud services bought came from Intel Corp (INTC.O) and Advanced Micro Devices (AMD.O) because most business software is written to run on those processors.That began to change in 2018 when Amazon, the largest cloud...
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Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

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Microsoft Corp (MSFT.O) on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker's investment on working and learning from home.The company's shares rose 5% in extended trading after gaining about 41% in 2020 as COVID-19 shifted computing to areas where the software maker has bet big. It also saw a surprise recovery in sales on the LinkedIn professional social network and navigated a chip shortage that had threaten to hold back its Xbox business.The shift to work from home due to the COVID-19 pandemic has accelerated enterprises' switch to cloud-based computing, benefiting Microsoft and rivals such as Amazon.com Inc's (AMZN.O) cloud unit and Alphabet Inc's (GOOGL.O) Google Cloud. On a conference call with investors,...
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