Tag: Cloud computing

BusinessInfrastructure

Lincoln Property Company Nears Acquisition of Chandler Data Center with Expansion Plans

Lincoln Property Company appears poised to reacquire a Chandler data center facility it previously owned and sold in 2019. Sources indicate the company is working with city officials to amend development agreements that would enable both the purchase and a significant expansion of the existing data center operations. The move would mark a return to a property with which the company has historical ties.

Data Center Acquisition in Progress

Real estate firm Lincoln Property Company is reportedly close to acquiring a data center facility in Chandler, Arizona, according to documents filed with city officials. Sources indicate the company is seeking to purchase the property located at 2500 W. Frye Road, which it previously owned and sold to CBRE Investment Management in 2019.

by Samuel Kim
CloudInfrastructureTechnology

Major AWS Disruption Impacts Alexa, Ring, and Snapchat Services

A substantial outage at Amazon Web Services has caused widespread disruptions to popular services like Alexa, Ring, and Snapchat. The issues began during morning hours, affecting multiple platforms reliant on AWS infrastructure. Service status remains under investigation as the outage continues to unfold.

Widespread Service Disruptions Reported

A significant Amazon Web Services outage has caused extensive disruptions across multiple digital platforms, according to reports. The service interruptions have affected prominent services including Amazon Alexa, Ring, and Snapchat, creating a cascade of accessibility issues for users worldwide.

by Priya Kapoor
BusinessEconomy

After-Hours Stock Movers: CSX Rises on Earnings Beat, Interactive Brokers and Oracle Fall Despite Results

CSX Corporation saw shares climb 2% after hours following better-than-expected quarterly earnings. Meanwhile, Interactive Brokers Group declined despite beating estimates, and Oracle fell after providing its long-term outlook. Obesity drug manufacturers Novo Nordisk and Eli Lilly also moved lower.

Railroad Operator CSX Rises on Earnings Beat

Shares of CSX Corporation jumped approximately 2% in after-hours trading Thursday after the railroad company reported quarterly results that reportedly exceeded analyst expectations. According to the analysis by LSEG, CSX posted adjusted earnings of 44 cents per share on revenue of $3.59 billion for its third quarter, slightly beating expectations of 42 cents per share on $3.58 billion in revenue. The report states that despite this performance, declining coal prices and merchandise volume contributed to slightly lower revenue during the period. CSX Transportation operates one of the largest railroad networks in the eastern United States.

by Samuel Kim
BusinessTechnology

AWS Faces Startup Spending Shift as AI Startups Delay Cloud Adoption, Internal Documents Reveal

Amazon Web Services is confronting a fundamental shift in startup spending patterns as companies prioritize AI model providers over traditional cloud services. Internal documents reveal startups are delaying AWS adoption while directing budgets toward GPU training, inference, and AI developer tools.

Startups Rethink Cloud Spending Priorities

According to internal documents obtained by Business Insider, Amazon Web Services has identified what employees describe as a “fundamental” shift in how startups allocate their technology budgets. Sources indicate that instead of making AWS their first major cloud expenditure, founders are increasingly delaying adoption of Amazon’s services while diverting spending toward AI models, inference, and AI developer tools.

by Samuel Kim