Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
Oil Prices Slide as Iran Tensions Ease and U.S. Crude Stockpiles Swell 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
China's Services Sector Maintains Growth Streak Despite March Slowdown 
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Escalation 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Asian Stocks Drop as Trump Signals Iran War Escalation 
Norma Group Posts Revenue Decline in 2025, Eyes Modest Recovery in 2026 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
March 2025 Jobs Report: Strong Headline Numbers Hide Deeper Economic Concerns 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty 
Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal 
Uber Technologies Inc. signed 7-year contracts with Oracle and Google for data cloud services. The company chose to shut down its own data centers and teamed up with the software and cloud computing firms instead after realizing the advantages of having different cloud service providers.
Oracle and Google Cloud were each given a seven-year contract which will also formally end Uber’s reliance on its own data center infrastructure. This move was said to have been triggered by the hardware supply disruptions that are affecting many tech firms today.
To put it simply, Uber decided to swap its own data centers for companies with more experience in the field. With the deal, the ride-hailing firm is planning to move its IT to Google and Oracle over the next few years. It was said that more than 95% of its IT is still in its own data centers but will gradually be transferred to its new location.
Moreover, Google Cloud and Oracle were picked for the service after spending 11 months reviewing cloud companies. It determined that having multiple providers lowers risks and allows Uber to make the most of some specific benefits provided by cloud services.
"Our partnership with Google centers around a shared commitment to putting customer experience at the forefront of everything we do," Uber’s chief executive officer, Dara Khosrowshahi, said in a press release. “We are excited to deepen our work with Google to deliver new innovations that push the boundaries of what's possible for transportation, delivery, and more."
International Data Corporation’s SVP of research, Matt Eastwood, also commented, “Cloud migration is often seen as a way of achieving the scale, performance, and security necessary to enable a digital business to thrive.”
He added, “What is particularly interesting with this partnership is the depth of the co-innovation spanning Google businesses and technologies which are being leveraged in order to deliver the technology innovation and customer experience improvements to further differentiate Uber in the marketplace."
Photo by: Austin Distel/Unsplash
