WS #10513
Backblaze shares rose 30% on a $335M data storage deal with CoreWeave. Oracle cut 21,000 jobs in the past year amid AI shift, signaling restructuring. Big Tech borrowing heavily for AI infrastructure: Amazon $68B, Alphabet $32B, Meta/Nvidia/Oracle $25B each, weighing on mega-caps.
Backblaze CoreWeave Deal
Backblaze shares rose 30% on a $335M data storage deal with CoreWeave.
Oracle cut 21,000 jobs in the past year amid AI shift, signaling restructuring.
Big Tech borrowing heavily for AI infrastructure: Amazon $68B, Alphabet $32B, Meta/Nvidia/Oracle $25B each, weighing on mega-caps.