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Intel bets big on cloud, with stake in Cloudera

In a sign of the growing importance of the Internet "cloud," software group Cloudera said Monday it raised a whopping $900 million to expand its big data corporate services. US chip giant Intel is leading the financing with a "significant" investment which will give it an 18 percent stake in Cloudera, the companies said. The move highlights the importance of cloud services, which can store data from computers and a range of devices including appliances, cars and wearables connected to the Internet.

Amazon follows Google in slashing cloud computing prices

By Deepa Seetharaman SAN FRANCISCO (Reuters) - Inc will drop prices on most of its cloud computing services starting April 1, the largest U.S. online retailer said on Wednesday, a day after rival Google Inc outlined a major price cut of its own. The price cuts range from 10 percent to 65 percent, Andrew Jassy, senior vice president of Amazon Web Services, told a conference for Amazon web developers in San Francisco.

Google slashes cloud computing prices in rivalry with Amazon

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc slashed its cloud computing service prices on Tuesday, seeking to wrest customers from Inc and Microsoft Corp in the fast-growing market of renting computers and data storage to companies. Price cuts range from 30 to 85 percent. Google's Cloud Storage will cost 2.6 cents per gigabyte, about 68 percent lower for most customers. Google's Compute Engine services will cost 32 percent less across all sizes, regions and classes.

Startup Cloudera raises $160 million from T Rowe, Google Ventures

SAN FRANCISCO (Reuters) - Fast-growing startup Cloudera has raised $160 million from T Rowe Price, Google Ventures and other investors to expand further into the market for helping enterprises manage and analyze data. T Rowe Price led the latest round, which also included MSD Capital, Dell Chief Executive Michael Dell's private investment firm, taking total financing in the company to $300 million, said Cloudera, which is expected to go public this year, on Tuesday.

Rackspace CEO retires as web hosting firm shifts focus

(Reuters) - Rackspace Hosting Inc's <RAX.N> chief executive of seven years is retiring as the web hosting company looks to transition into a cloud software developer. The company, whose shares fell as much as 13 percent in extended trading, also forecast lower-than-expected revenue for 2014. Lanham Napier, 42, who has led the company since 2006, was replaced by Rackspace's co-founder and former CEO Graham Weston.

Accenture to buy ClientHouse for undisclosed amount

NEW YORK (Reuters) - Accenture Ltd on Monday said it would buy cloud computing services provider ClientHouse as part of a plan to expand its capabilities in Europe. Terms of the agreement were not disclosed. ClientHouse is an independent provider of cloud computing services from, as well as Veeva Systems, which provides cloud-based services to biotech companies, Accenture said in a statement. Shares of Accenture closed Friday at $84.43.

IBM to invest $1.2 bn to expand 'cloud'

US computing giant IBM said Friday it would be investing $1.2 billion to expand Internet "cloud" services, by opening up new data centers around the world. "This investment includes a network of data centers designed to bring clients greater flexibility, transparency and control over how they manage their data, run their businesses and deploy their IT operations in the cloud," IBM said in a statement. Fifteen new data centers will be opened to bring the total IBM network to 40, the company said.

IBM to spend $1.2 billion to expand cloud services

(Reuters) - IBM Corp said it will invest more than $1.2 billion to build up to 15 new data centers across five continents to expand its cloud services and reach new clients and markets. The new cloud centers will be in Washington D.C., Mexico City, Dallas, China, Hong Kong, London, Japan, India and Canada, with plans to expand in the Middle East and Africa in 2015.

Intel launches marketing campaign aimed at cloud

By Noel Randewich SAN FRANCISCO (Reuters) - Chipmaker Intel Corp is taking its long-running Intel Inside marketing campaign into cloud computing in a bid to head off competition from smaller rivals designing low-power chips for servers. Intel said on Wednesday that providers of data-center services would begin offering their customers details about the Intel chips used to power their servers - helping those customers make better buying decisions.

China unveils first domestic cloud computer

BEIJING, Dec. 11 (Xinhua) -- A leading information technology company on Wednesday unveiled China's first cloud computer, a major breakthrough for Chinese cloud computing. The computer developed by the Unisplendour Corporation Limited of Tsinghua University, has a dynamically scalable function in computing power and storage capacity in accordance with customer requirements, according to a statement from the company.
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