Browsing: Cloud

Meta is entering the cloud business by creating a unit to sell its excess AI computing power to enterprise clients. This move positions Meta as a competitor to established cloud providers like AWS, Azure, and Google Cloud. The initiative highlights the growing demand for AI compute resources in the market.

Xero Ltd (ASX:XRO) traded at AUD 77.16, up 2.27%, during the trading session on 7 August 2026. At the time of writing, the broader S&P/ASX 200 Information Technology (ASX: XIJ) Index was also trading higher at 1,926.70 points, gaining 1.18%, reflecting positive momentum across the technology sector.

Xero Ltd (ASX:XRO) closed at AUD 75.45 at the close of trading on 6 August 2026, up 0.41% for the session. The S&P/ASX 200 (ASX: XJO) closed at 9,271.60 points on 6 August 2026, advancing +0.47%, as the technology-focused S&P/ASX 200 Information Technology Index (ASX: XIJ) finished the session at 1,904.30 points, up +0.16%.

On August 6, 2026, it was publicly confirmed that the individual later identified as the primary attacker pleaded guilty in U.S. federal court to charges related to the 2024 breaches of Snowflake customer accounts. The breaches affected at least 165 organizations and exposed records belonging to at least 100 million people, with some estimates suggesting the…