
Amazon to invest over $5 billion in new AWS region in Taiwan
FILE PHOTO: A logo for Amazon Web Services (AWS) is seen during the KubeCon CloudNativeCon Europe hosted by the Cloud Native Computing Foundation (CNCF) in Paris, France, March 20, 2024. REUTERS/Benoit Tessier/File Photo
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The Star
4 hours ago
- The Star
Bitcoin falls 4% to $99,237
FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration picture created in Paris, France, March 9, 2024. REUTERS/Benoit Tessier/Illustration/File Photo (Reuters) -Bitcoin, the world's largest cryptocurrency by market value, was down by 4.13% at $99,237 at 10:52 a.m. ET (1452 GMT) on Sunday. Ether, the second-largest cryptocurrency, was down by around 8.52% at $2,199. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Lisa Shumaker)


The Star
2 days ago
- The Star
South Korea says SK and Amazon to invest $5 billion in country's biggest data centre
FILE PHOTO: Figurines with computers and smartphones are seen in front of Amazon logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL (Reuters) -South Korea's SK Group will invest around 7 trillion won ($5.11 billion) including $4 billion from Amazon Web Services, Amazon's cloud services provider, to build a data centre in the southern city of Ulsan, the Science Ministry said on Friday. The AI data centre, which will be the country's largest, will break ground in September and be fully operational with a capacity of 100 megawatts by 2029, the ministry said in a statement. SK Group Chairman Chey Tae-won said he planned to expand the data centre's capacity to one gigawatt in the future and make it a global hub that handles domestic AI demand during a meeting attended by President Lee Jae Myung and tech CEOs. Artificial intelligence was crucial for South Korea's growth, he said. "It may set a good example that South Korea's high-tech industry is possible not only in the metropolitan area but also in the provinces," Lee said. South Korea's AI-related stocks on Friday extended a rally on policy optimism, with SK Hynix rising more than 3%, Kakao surging 11%, and LG CNS gaining 9%, leading the benchmark KOSPI above a key milestone of 3,000 points for the first time in 3-1/2 years. The official announcement follows media reports earlier this month that SK Group and Amazon Web Services were building a data centre in South Korea. ($1 = 1,368.7600 won) (Reporting by Hyunsu Yim and Jihoon LeeEditing by Ed Davies)


Barnama
6 days ago
- Barnama
Cloudera Kicks off EVOLVE25 Global Events Series to Showcase the Future of AI
SANTA CLARA, Calif., June 17 (Bernama) -- Cloudera, the only true hybrid platform for data, analytics, and AI will be hosting its annual series of data and AI conferences across the globe. Spanning four continents, Cloudera's EVOLVE25 conference will gather industry visionaries, customers, and partners to explore how a unified hybrid data platform can power AI-driven innovation and transform customer experiences across industries. Cloudera is helping enterprises make the most of AI by combining the power of trusted data and AI analytics to drive business value. Through keynote presentations, industry sessions, interactive hands-on-labs and 'meet the experts' meetings, attendees will explore how to leverage AI for innovative transformation. Sponsored by Amazon Web Services (AWS) , the events will also include breakout sessions focused on: