Amazon is undergoing the biggest changes in at least a decade as CEO Andy Jassy takes over from Jeff Bezos. Here's the latest news about the company.
Amazon had previously protested the Defense Department's decision to award a now-defunct $10 billion JEDI cloud-computing contract to Microsoft.
The enterprise-software and video-communications companies each invested $75 million in Monday.com during its IPO.
Oracle insiders say there's a "culture of fear" at its flagship cloud unit. The unit lost at least a dozen VPs since 2020 and is facing lawsuits.
Google announced in December 2020 that it intends to establish a "Cloud region" in the Kingdom of Saudi Arabia.
Cloud computing is the delivery of on-demand computing services over the internet, which can include online storage, media streaming, and more.
Microsoft won the $10 billion JEDI contract in 2019 to store and manage sensitive military and defense data. Amazon has objected ever since.
Amazon named Adam Selipsky, a former executive and CEO of Tableau Software, the incoming head of its cloud business.
5G networks are on the horizon, and cloud giants are already partnering with major telcos to capitalize on the multi-billion dollar opportunity.
Microsoft could gain 16% over the next year as cloud computing becomes a “transformational secular trend,” according to Dan Ives, Wedbush senior technology analyst. His team explained in a note to clients that the current work-from-home environment is catalyzing more workplaces to adopt cloud technologies, and Microsoft’s cloud computing platform […]
BlackBerry surged as much as 65% on Tuesday after the company inked a multi-year deal with Amazon to develop and market its “Intelligent Vehicle Data Platform.” The cloud software, called IVY, allows automakers to read vehicle sensor data and improve systems and performance, according to a press release. The stock’s […]
Dan Loeb’s Third Point seems to have sold its Snowflake stock only a few days after buying it. The billionaire investor’s hedge fund listed Snowflake as one of its best-performing investments in September, after the cloud-data platform went public on September 16. However, Third Point recently published the contents of […]
Companies are increasingly pursuing the strategy of using more than one cloud provider, but it’s an area where businesses in Asia have had a head start, according to analysts and executives who participated in Business Insider’s recent roundtable. Using multiple clouds can give customers access to different services and help […]
Alphabet reported Thursday that Google Cloud generated $US3.4 billion in revenue. This represents a 45% increase from the same quarter last year. Its growth also accelerated slightly, as last quarter Google Cloud saw a slight slowdown in growth, with a 43% year-over-year increase, versus 52% growth the quarter before. Visit […]
Amazon Web Services reported $US11.6 billion in revenue for the third quarter, up about 29% from the same quarter last year. A re you an Amazon Web Services employee? Contact this reporter via the encrypted messaging app Signal (+1-425-344- 8242) or email ([email protected]
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SAP shares fell as much as 17% after the German software maker cut its 2020 business outlook, citing a slower recovery than anticipated for many of its key clients from the pandemic. Germany’s biggest software maker cut its business outlook for 2020 to to €27.2 to 27.8 billion ($US32.1-32.8 billion) […]
Warren Buffett’s Berkshire Hathaway has scored a $US1 billion gain on its Snowflake shares. The billionaire investor’s company spent about $US735 million for 6.1 million Snowflake shares when the cloud-data platform went public last month. Snowflake’s stock price jumped 18% in two days to close at nearly $US300 on Thursday, […]
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