Driven by AI technology, Alibaba Group has reported a 6% year-over-year (YoY) increase in its cloud business revenue for the quarter ending June 30, reaching RMB 26.5 billion ($3.65 billion). This growth marks the segment’s strongest performance since the September 2022 quarter, signalling a potential turnaround after several periods of single-digit growth. Despite the competitive… Read more »
E-commerce and cloud computing giant, Amazon, has filed a sweeping patent infringement lawsuit against Nokia, alleging the Finnish telecoms company has misappropriated Amazon’s cloud computing innovations. The lawsuit, filed in the United States District Court for the District of Delaware on July 30, 2024, comes less than a year after Nokia initiated its legal action against Amazon… Read more »
On July 19, a routine software update from cybersecurity giant CrowdStrike unleashed digital chaos across the globe, exposing the fragility of interconnected IT networks. Within hours, Windows-based systems worldwide crashed, displaying the dreaded “blue screen of death,” affecting 8.5 million devices globally. From New York’s Times Square, where digital billboards went dark, to London’s Heathrow Airport,… Read more »
The European Commission is back to breathing down the neck of Microsoft, the latest big tech firm accused of once again breaking the European Union (EU) antitrust law. Brussels has accused Microsoft of anti-competitive conduct by bundling its Teams app with the Office suite in what is thought to be the first antitrust charges made against… Read more »
In a surge of activism highlighting the moral quagmire inside big tech, students and workers at Google and Amazon are coming together to protest their employers for becoming embroiled in a $1.2 billion dollar surveillance system development project for the Israeli government dubbed Project Nimbus. The project – which is believed to have included top-tier… Read more »
In another bold step to strengthen its grip in Europe, Amazon launched a €10 billion investment plan for Germany, with the goal of driving innovation and creating thousands of jobs across the country. This huge financial commitment demonstrates Amazon’s commitment to improving its logistics network, cloud infrastructure, and research and development (R&D) skills in its… Read more »