Ultimately the project, known as Magellan, will look at cloud computing as a cost-effective and energy-efficient way for scientists to accelerate discoveries in a variety of disciplines, including analysis of scientific data sets in biology, climate change and physics, the DOE stated.

Ellison, 81, whose net worth is largely derived from his 41% stake in Oracle, saw his fortune rise by about $100 billion to around $392.6 billion, according to Forbes. He is rapidly closing in on Tesla chief Elon Musk in the race for the title of the world's richest person. Musk's net worth last stood at $439.9 billion.

The most popular consumer internet services usually figure out how to make money even after a decade or more of losses. Amazon, Uber, Netflix and Snap all started generating cash by raising prices or leveraging their large audiences to sell ads or other services.

GAIA-X, Europe's attempt to reclaim cloud-computing sovereignty against fast-growing hyperscalers from outside the continent, will need to prove that it is worthwhile in the next few months if it wants to avoid an embarrassing descent into irrelevance ...

Cloud computing is poised to win the title of most popular, and populist, buzzword of 2009. It certainly is gaining traction outside of IT. In fact, the idea of cloud computing has become so popular that executives and employees who don’t even work in ...

Growing cloud complexity, undisciplined planning, and a shrinking talent pool lead to more failures than successes. Here’s how to avoid becoming another cautionary tale. Is it just me, or are we seeing more cloud project failures today than 10 years ago?

The funding covers more than half of the A.I. data centers that OpenAI plans to build in the U.S. over the next several years.