Latest news with #AzureCloud
Mint
2 hours ago
- Business
- Mint
OpenAI signs surprising new deal with Google amid fierce AI competition. Here's why
OpenAI is planning to use Google's cloud service in order to meet its need for computing capacity, according to a report by Reuters. The news comes in at a time when OpenAI's ChatGPT is involved in a cut throat race with Google's Gemini to take control of the narrative in the AI race. Reportedly, the deal has been under discussions for a few months but was finalized in May. The move is also one of the several ones taken by OpenAI to reduce its reliance on Microsoft who Azure Cloud infrastructure it had used to serve as ChatGPT's exclusive data center till January. You may be interested in While the two tech companies had discussed this arrangement for months, OpenAI was previously blocked from signing a deal with Google due to its lock in with Microsoft. Meanwhile, Microsoft and OpenAI are also in discussions to revise their multi-billion dollar investment for the stake Microsoft will hold in ChatGPT maker's future for-profit arm. Scotiabank analysts called the deal "somewhat surprising" in a note to Reuters, stating, "The deal ... underscores the fact that the two are willing to overlook heavy competition between them to meet the massive computing demands. Ultimately, we view this as a big win for Google's cloud unit, but ... there are continued worries that ChatGPT is becoming an incrementally larger threat to Google's search dominance," Since the public rollout of ChatGPT in late 2022, OpenAI has had to deal wiht increasing demand for computing capacity in order to train its large language models and for inference - processing information so that people could use these models.
Yahoo
22-05-2025
- Business
- Yahoo
EXL named Microsoft Solutions Partner for Data and AI
Designation underscores EXL's digital innovation and proven success delivering data and AI solutions for global clients NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data and AI company, announced it has been recognized as a Microsoft Solutions Partner for Data and AI. This designation acknowledges EXL's advanced capabilities in helping clients manage data across systems and build transformative analytics and AI solutions on Microsoft platforms. This designation highlights EXL's technology capabilities, high-level digital talent, and proven track record for enabling customer success with Microsoft products and platforms. Through close collaboration with Microsoft, EXL is uniquely positioned to deploy innovative tools and solutions for its clients. 'We're always looking for ways to better serve our clients data and AI goals,' said Baljinder Singh, executive vice president and global chief information officer at EXL. 'Receiving this Microsoft Solutions Partner designation is yet another advancement in how we're able to help deliver better customer experiences, data-driven decisions, and AI-powered operating models.' As part of this accreditation, EXL has expanded its digital offerings in Microsoft Azure Marketplace, launching three innovative solutions that demonstrate the company's industry expertise in data and AI. EXL Code Harbor™ - Code Harbor is a Generative AI-powered solution leveraging multi-agent framework that accelerates the platform migration journey, as well as enhances data and code governance. It leverages multiple agents designed specifically for code assessment, code conversion, optimization, governance, data lineage and automated testing. It addresses the manual effort involved in the large-scale transformation process, resulting in accelerated delivery, reduced costs, and higher accuracy. Learn more about the Code Harbor listing here. EXL Value-Based Care Analytics Solution - Value-Based Care (VBC) shifts the healthcare focus from volume to value, prioritizing quality outcomes and cost efficiency over traditional fee-for-service models. To succeed in VBC, providers managing global or partial patient risk require advanced analytics solutions. At EXL, we empower healthcare providers with data-driven insights, AI, and cloud technologies to excel in value-based care initiatives. Learn more about the VBC listing here EXL Revenue Cycle Management (RCM) - plays a vital role in maintaining financial stability and streamlining operations. A well-optimized RCM process—from patient registration to final payment—helps minimize denials, accelerate collections, and improve overall financial health. EXL leverages its deep expertise in healthcare and AI to optimize the revenue cycle management operations. The solutions seamlessly integrate into customers Azure Cloud environment, enhancing financial performance, reducing denials, and improving operational efficiency. Learn more about the listing here. 'Our collaboration with EXL is centered on helping organizations reimagine how they use data and AI to solve real-world challenges,' said Irina Ghose, managing director, Microsoft India & South Asia. 'By combining Microsoft's cloud and AI capabilities with EXL's solutions, we're enabling businesses to move faster, operate smarter, and unlock new opportunities for growth.' 'Achieving this recognition as a Microsoft Solutions Partner reinforces our commitment to driving success through strong partnerships and innovative technology,' said Singh. 'We are excited to continue elevating our transformational solutions we provide as part of the Microsoft ecosystem.' EXL reimagines what is possible with Microsoft Azure, helping to reshape how companies can build smarter, faster, AI-driven enterprises. Learn more about our Azure Marketplace listings here. About EXL EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world's leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL's operations and business environment, all of which are difficult to predict and many of which are beyond EXL's control. Forward-looking statements include information concerning EXL's possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as 'may,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'estimate' or similar expressions. These statements are based on assumptions that we have made in light of management's experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL's filings with the Securities and Exchange Commission, including EXL's Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws. ContactsMedia Keith Little+1 703-598-0980 Investor RelationsJohn Kristoff+1 212 209 4613IR@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
04-05-2025
- Business
- Globe and Mail
Nvidia Stock Investors Just Got the Best News of 2025 (So Far) From Meta Platforms, Amazon, and Microsoft
The past few years have been a whirlwind for Nvidia (NASDAQ: NVDA) investors. The onset of the artificial intelligence (AI) revolution led to scorching demand for the graphics processing units (GPUs) that make AI possible. As the leading provider of these advanced chips, Nvidia has been one of the undisputed beneficiaries, with its stock growing more than eightfold in the two years heading into 2025. In recent months, however, the narrative has turn turned decidedly pessimistic. The combination of U.S. export restrictions and concerns about slowing of the AI spending boom has weighed on Nvidia stock, which is down roughly 25% from its peak (as of this writing). However, commentary from three of the company's biggest customers provided much-needed good news for Nvidia investors. The slowdown in data center spending has been greatly exaggerated The demand for data centers and servers with the computational horsepower needed for AI fueled a big run-up in capex spending by big tech. This spending helped fuel massive sales increases for Nvidia, as its data center segment generated six consecutive quarters of triple-digit year-over-year growth. However, numerous reports suggested that some of Nvidia's biggest customers were scaling back on data center spending, which sent the stock plunging. But the devil's in the details, and it turns out the sky is not falling after all. When Microsoft (NASDAQ: MSFT) released the financial report for its fiscal 2025 third quarter (ended March 31), the results were surprisingly robust and driven by strong demand for AI. The highlight was Azure Cloud, which grew 33% year over year and accelerated from 31% growth in Q2. Perhaps more impressive was the revelation that 16% points of that growth was related to AI services, up from 13% points in Q2. CEO Satya Nadella downplayed the reports of a slowdown in data center spending, noting this was merely the normal ebb and flow of regional data center planning. "We've always been making adjustments to build, lease, what pace we build, all through the last 10-15 years," Nadella said. He went on to say the company wants to ensure that the regional data center build-outs match the demand. They don't want to be "upside down," having too much capacity in one region and not enough in another. There were similar concerns of a slowdown in data center spending for Amazon (NASDAQ: AMZN). Kevin Miller, Amazon's vice president of global data centers, refuted the reports. "There's been really no significant change," he noted. "We continue to see very strong demand, and we're looking both in the next couple of years as well as long term and seeing the numbers only going up." When Meta Platforms (NASDAQ: META) reported its first-quarter results, the company made a surprise announcement that turned heads. The company revealed plans to increase its 2025 capital expenditures (capex) spending to $68 billion at the midpoint of its guidance, up from its previous forecast of about $62.5 billion. The company said, "This updated outlook reflects additional data center investments to support our artificial intelligence efforts, as well as an increase in the expected cost of infrastructure hardware." As the leading provider of GPUs used to power AI in data centers, Nvidia is poised to benefit from the ongoing data center build-out. This will support the ongoing and accelerating adoption of AI. Nvidia's biggest customers are some of the biggest names in AI Lest there be any doubt, the three aforementioned companies are among the biggest players in AI and are among Nvidia's biggest customers. While the chipmaker has kept the exact order close to the vest, analysts with Bloomberg and Barclays Research suggest that Nvidia's four biggest customers -- responsible for nearly 53% of its revenue -- are: Microsoft: 15% Meta Platforms: 14% Alphabet: 12% Amazon: 11% Recent commentary from several of these tech stalwarts refutes the contention that spending on data centers and AI is slowing. Inflation and tariffs and bears, oh my! It seems clear that the AI revolution is alive and well, but there are still challenges ahead for Nvidia. The tariff situation remains a wild card and is subject to change from day to day. If the tariffs imposed by the Trump administration linger, chip prices could climb, and Nvidia's results could suffer. Additionally, some investors are still wary of the future adoption of AI and how it will impact the company's future growth. This negativity has persisted, despite evidence to the contrary. However, for investors with a long-term outlook, Nvidia looks increasingly compelling. The stock is currently selling for 39 times trailing-12-month earnings, with the multiple near its lowest point in over three years. Furthermore, its forward price-to-earnings ratio of 26 is an attractive price to pay for a company powering the AI revolution. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $296,928!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,933!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $623,685!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of April 28, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Danny Vena has positions in Alphabet, Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends Barclays Plc and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Yahoo
04-05-2025
- Business
- Yahoo
Nvidia Stock Investors Just Got the Best News of 2025 (So Far) From Meta Platforms, Amazon, and Microsoft
After a relentless two-year run, Nvidia stock is taking a breather. Fears regarding U.S. trade restrictions and a perceived slowing in AI spending have the stock trading lower. Nvidia's valuation is trading near a three-year low and looks increasingly attractive. The past few years have been a whirlwind for Nvidia (NASDAQ: NVDA) investors. The onset of the artificial intelligence (AI) revolution led to scorching demand for the graphics processing units (GPUs) that make AI possible. As the leading provider of these advanced chips, Nvidia has been one of the undisputed beneficiaries, with its stock growing more than eightfold in the two years heading into 2025. In recent months, however, the narrative has turn turned decidedly pessimistic. The combination of U.S. export restrictions and concerns about slowing of the AI spending boom has weighed on Nvidia stock, which is down roughly 25% from its peak (as of this writing). Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » However, commentary from three of the company's biggest customers provided much-needed good news for Nvidia investors. The demand for data centers and servers with the computational horsepower needed for AI fueled a big run-up in capex spending by big tech. This spending helped fuel massive sales increases for Nvidia, as its data center segment generated six consecutive quarters of triple-digit year-over-year growth. However, numerous reports suggested that some of Nvidia's biggest customers were scaling back on data center spending, which sent the stock plunging. But the devil's in the details, and it turns out the sky is not falling after all. When Microsoft (NASDAQ: MSFT) released the financial report for its fiscal 2025 third quarter (ended March 31), the results were surprisingly robust and driven by strong demand for AI. The highlight was Azure Cloud, which grew 33% year over year and accelerated from 31% growth in Q2. Perhaps more impressive was the revelation that 16% points of that growth was related to AI services, up from 13% points in Q2. CEO Satya Nadella downplayed the reports of a slowdown in data center spending, noting this was merely the normal ebb and flow of regional data center planning. "We've always been making adjustments to build, lease, what pace we build, all through the last 10-15 years," Nadella said. He went on to say the company wants to ensure that the regional data center build-outs match the demand. They don't want to be "upside down," having too much capacity in one region and not enough in another. There were similar concerns of a slowdown in data center spending for Amazon (NASDAQ: AMZN). Kevin Miller, Amazon's vice president of global data centers, refuted the reports. "There's been really no significant change," he noted. "We continue to see very strong demand, and we're looking both in the next couple of years as well as long term and seeing the numbers only going up." When Meta Platforms (NASDAQ: META) reported its first-quarter results, the company made a surprise announcement that turned heads. The company revealed plans to increase its 2025 capital expenditures (capex) spending to $68 billion at the midpoint of its guidance, up from its previous forecast of about $62.5 billion. The company said, "This updated outlook reflects additional data center investments to support our artificial intelligence efforts, as well as an increase in the expected cost of infrastructure hardware." As the leading provider of GPUs used to power AI in data centers, Nvidia is poised to benefit from the ongoing data center build-out. This will support the ongoing and accelerating adoption of AI. Lest there be any doubt, the three aforementioned companies are among the biggest players in AI and are among Nvidia's biggest customers. While the chipmaker has kept the exact order close to the vest, analysts with Bloomberg and Barclays Research suggest that Nvidia's four biggest customers -- responsible for nearly 53% of its revenue -- are: Microsoft: 15% Meta Platforms: 14% Alphabet: 12% Amazon: 11% Recent commentary from several of these tech stalwarts refutes the contention that spending on data centers and AI is slowing. It seems clear that the AI revolution is alive and well, but there are still challenges ahead for Nvidia. The tariff situation remains a wild card and is subject to change from day to day. If the tariffs imposed by the Trump administration linger, chip prices could climb, and Nvidia's results could suffer. Additionally, some investors are still wary of the future adoption of AI and how it will impact the company's future growth. This negativity has persisted, despite evidence to the contrary. However, for investors with a long-term outlook, Nvidia looks increasingly compelling. The stock is currently selling for 39 times trailing-12-month earnings, with the multiple near its lowest point in over three years. Furthermore, its forward price-to-earnings ratio of 26 is an attractive price to pay for a company powering the AI revolution. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $296,928!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,933!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $623,685!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of April 28, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Danny Vena has positions in Alphabet, Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends Barclays Plc and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Nvidia Stock Investors Just Got the Best News of 2025 (So Far) From Meta Platforms, Amazon, and Microsoft was originally published by The Motley Fool
Yahoo
30-04-2025
- Business
- Yahoo
IBM unveils Microsoft Practice to advance digital transformation
Tech giant IBM has introduced Microsoft Practice within IBM Consultingto advance digital transformation efforts for organisations. The move marks a new phase in the company's ongoing collaboration with Microsoft and is aimed at helping organisations manage AI, cloud, and cybersecurity transformations more effectively. The newly formed practice is structured to bring together IBM's industry-specific expertise and Microsoft's technology portfolio. Tools such as Copilot, Azure OpenAI, Azure Cloud, Fabric, and Sentinel will be combined to assist businesses in pursuing growth, lower costs, and build 'sustainable competitive advantage'. IBM Consulting senior vice president and head Mohamad Ali said: 'IBM Consulting is committed to our clients' successes and we're proud to offer them the opportunity of working with an ecosystem of global industry leaders with proven track records of innovation and delivery excellence. 'Establishing a dedicated Microsoft Practice is needed to drive meaningful business outcomes for our clients and I look forward to what we will be able to achieve together.' A workforce of more than 33,000 Microsoft-certified professionals will support this initiative across markets where IBM Consulting operates, the company said. The team will offer businesses with access to innovation in cloud, AI, data, and security, as well as IBM's global scale and implementation capabilities, including the newly-opened IBM and Microsoft Experience Zones. IBM's Microsoft Practice also offers end-to-end transformation capabilities, from strategy to implementation and ongoing optimisation, backed by enterprise-grade security and compliance controls. Microsoft's technologies will also be embedded within IBM Consulting's AI-enabled delivery platform, IBM Consulting Advantage. With Copilot integrated into this platform, clients will have access to AI-driven tools designed for specific operational needs, with a focus on maintaining security and oversight, IBM added. The practice is expected to introduce new solutions tailored to key industries, including retail, financial services, government, supply chain, and consumer goods. Leveraging tools like IBM Copilot Runway and IBM Consulting Azure OpenAI Services, the practice will assist clients scale generative AI adoption for growth, efficiency, and industry innovation. Earlier in April 2025, the company introduced the latest version of its mainframe hardware engineered to support AI across software, hardware, and systems operations. "IBM unveils Microsoft Practice to advance digital transformation" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
