Amazon’s massive investment in AI has created doubts about future profitability despite record sales growth, following publication of the tech giant’s latest financial results. According to the Financial Times, in the three months ending June 30, Amazon’s net sales grew by 10% to $148 billion. Although the result was impressive, it missed analysts’ expectations of… Read more »
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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 »
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Alibaba Group Holding’s cloud computing division is bringing changes to the way Olympic content will be transmitted and consumed, marking a significant milestone in the history of sports broadcasting. On July 25, Alibaba Cloud, in collaboration with Olympic Broadcasting Services (OBS), unveiled OBS Cloud 3.0, an innovative AI-enhanced platform designed to serve as the primary… Read more »
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Google Cloud serverless projects are being used by a Latin American financially motivated threat group, codenamed FLUXROOT, to orchestrate credential phishing campaigns, the The Hacker News has reported. This event is not isolated, as numerous malefactors in cyberspace are exploiting cloud computing services for malicious objectives. Thus, IT and cybersecurity professionals are facing a pressing… Read more »
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Multinational technology conglomerate Alphabet has beaten second-quarter revenue and profit analyst estimates. The company’s performance was driven by a rise in digital advertising sales and healthy demand for its cloud computing services, though it cautioned that capital expenses would remain high for the year. Reuters reported that the popularity of the Paris Olympics and elections… Read more »
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Cybersecurity giant CrowdStrike says its recent software update has caused a massive global tech outage, impacting some 8.5 million Microsoft devices worldwide. While still affecting less than one per cent of all Windows computers in use, the incident has significantly impacted several vital sectors, demonstrating how far-reaching modern digital infrastructure can be. In a blog… Read more »
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Alphabet, the parent company of Google, is reportedly in advanced negotiations to acquire the cybersecurity startup Wiz for about $23 billion, according to sources familiar with the matter. If successful, this acquisition would be Alphabet’s largest to date and would signal a major strategic shift for the technology giant. Wiz is one of the fastest-growing… Read more »
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Microsoft has signed a settlement with cloud providers after a two-year dispute over its licensing practices, The agreement, which brokered recently with the cloud association CISPE (which is backed by Amazon, Microsoft’s rival), is intended to lead EU regulators to drop an antitrust complaint they filed against Microsoft. CISPE’s Secretary General, Francisco Mingorance, expressed optimism… Read more »
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Global technology consulting and digital solutions company Tech Mahindra has partnered with Microsoft to build an employee experience platform using generative AI. Such a transformation can impact productivity for those working from anywhere. The partnership focuses on the deployment of Copilot for Microsoft 365, establishing Tech Mahindra as a leading Global Systems Integrator (GSI), embracing… Read more »
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The Australian Government has disclosed plans to establish a highly secure cloud service for its intelligence agencies in a $2 billion partnership with US technology firm Amazon. This advanced platform, scheduled for completion by the end of the decade, is designed to boost information-sharing capabilities within Australia’s security sector. The Guardian reported that deputy prime… Read more »
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