Salesforce, Coinbase rise; Microsoft falls
January 4, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Salesforce Inc., up $4.81 to $139.59.
The cloud computing software company is laying off about 10% of its workforce in the latest round of job cuts in the tech industry.
Pentagon splits $9 billion cloud contract among 4 companies
December 8, 2022 GMTWASHINGTON (AP) — Google, Oracle, Microsoft and Amazon will share in the Pentagon's $9 billion contract to build its cloud computing network, a year after accusations of politicization over the previously announced contract and a protracted legal battle resulted in the military starting over in its award process.
As data centers proliferate, neighbors knock the noise
September 13, 2022 GMTMANASSAS, Va. (AP) — In a universe of cloud computing, northern Virginia might be in a perpetual fog.
More of the data centers that feed the cloud are clustered in the region outside the nation's capital than anywhere else in the world.
Insider Q&A: SAP-CEO-Christian Klein
April 18, 2022 GMTChristian Klein was a teenager the first time he set foot in SAP's headquarters in Walldorf, Germany as an intern.
Now the 41-year-old is CEO of the software giant and steering its revenue shift from licensing fees to cloud computing subscriptions.
EXPLAINER: What caused Amazon’s outage? Will there be more?
December 23, 2021 GMTRobotic vacuum cleaners wouldn't start. Doorbell cameras stopped watching for package thieves, though some of those deliveries were canceled anyway. Netflix and Disney movies got interrupted and The Associated Press had trouble publishing the news.
Explainer: What caused Amazon’s outage? Will there be more?
December 8, 2021 GMTRobotic vacuum cleaners wouldn't start. Doorbell cameras stopped watching for package thieves, though some of those deliveries were canceled anyway. Netflix and Disney movies got interrupted and The Associated Press had trouble publishing the news.
Major outage at Amazon disrupts businesses across the US
December 8, 2021 GMTA major outage in Amazon's cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for more than five hours, the latest sign of just how concentrated the business of keeping the internet running has become.
Major outage at Amazon disrupts businesses across the US
December 8, 2021 GMTA major outage in Amazon's cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for more than five hours, the latest sign of just how concentrated the business of keeping the internet running has become.
High court rejects lawsuit over canceled Pentagon contract
October 4, 2021 GMTWASHINGTON (AP) — The Supreme Court on Monday said it would not get involved in a lawsuit over a disputed Pentagon cloud computing contract, a decision that follows the contract's cancellation earlier this year.
Google to invest $1.2B in Germany cloud computing program
August 31, 2021 GMTBERLIN (AP) — Google said Tuesday that it is investing 1 billion euros ($1.2 billion) by 2030 to expand its cloud computing infrastructure in Germany and to increase the use of renewable energy.
The internet giant said it plans to add new cloud computing centers in the Berlin region and in the town of Hanau, close to the DE-CIX data exchange in Frankfurt.
Microsoft fixes cloud platform vulnerability after warning
August 27, 2021 GMTREDMOND, Wash. (AP) — Microsoft says it has fixed a flaw in its cloud computing platform that cybersecurity researchers warned could have enabled hackers to take over a cloud-based database product used by many big companies.
Global glitch: Swaths of internet go down after cloud outage
June 8, 2021 GMTLONDON (AP) — Dozens of websites went down briefly around the globe Tuesday, including CNN, The New York Times and Britain's government home page, after an outage at the cloud computing service Fastly, illustrating how vital a small number of behind-the-scenes companies have become to running the internet.
Pentagon reconsidering huge JEDI cloud-computing contract
May 10, 2021 GMTWASHINGTON (AP) — The Pentagon is reconsidering how to make a massive shift to cloud computing, officials said Monday, suggesting it could scrap the so-called JEDI contract potentially worth $10 billion that was awarded to Microsoft Corp...
Microsoft pledges to let EU users keep data inside bloc
May 6, 2021 GMTLONDON (AP) — Microsoft is pledging to let business and public sector customers in the European Union keep cloud computing data inside the 27-nation bloc to avert concerns about U.S. government access to sensitive information...
5 challenges awaiting Amazon’s new CEO
February 3, 2021 GMTNEW YORK (AP) — In 1995, few could imagine that the modest online bookstore built by Jeff Bezos would turn into a $1...
Microsoft ousts rivals from CES marquee as show moves online
January 13, 2021 GMTThis week, Microsoft had a big test on its hands — how to help transform the world's biggest gadget show into an online-only event.
The choice of Microsoft to power this year's CES and create a virtual showcase for its 1,800 exhibitors gave the tech giant a big promotional boost over its best-known cloud computing rivals, Amazon and Google.
IBM to spin off $19B business to focus on cloud computing
October 8, 2020 GMTARMONK, N.Y. (AP) — IBM says it is breaking off a $19 billion chunk of its business to focus on cloud computing...
Germany, France hope cloud data project to boost sovereignty
June 4, 2020 GMTBERLIN (AP) — Germany and France on Thursday launched a project to set up a European cloud computing platform that they hope will enhance European economic sovereignty in the wake of the coronavirus crisis and break the continent's dependence on U...
Google says it won’t build AI tools for oil and gas drillers
May 19, 2020 GMTGoogle says it will no longer build custom artificial intelligence tools for speeding up oil and gas extraction, separating itself from cloud computing rivals Microsoft and Amazon...
Pentagon: $10B cloud contract that snubbed Amazon was legal
April 16, 2020 GMTWASHINGTON (AP) — The Pentagon's process for awarding a highly lucrative cloud computing contract to Microsoft instead of Amazon was in line with legal and government purchasing standards, a government watchdog agency said Wednesday...
Pentagon reconsiders Microsoft contract after Amazon protest
March 13, 2020 GMTWASHINGTON (AP) — The Pentagon is reconsidering its awarding of a major cloud computing contract to Microsoft after rival tech giant Amazon protested what it called a flawed bidding process...
Ahead in the clouds: Alibaba plans to change the Olympics
January 15, 2020 GMTLAUSANNE, Switzerland (AP) — Alibaba’s promise to the Olympic family is to bring its technological might to help organizers, broadcasters and fans...
Amazon blaming Trump over Pentagon contract loss, judge says
December 5, 2019 GMTAmazon is arguing in a court case that President Donald Trump's bias against the company harmed its chances of winning a $10 billion Pentagon contract.
Amazon's legal complaint against the Pentagon is sealed...
Pentagon awaits possible Amazon challenge over cloud deal
November 1, 2019 GMTAmazon must decide soon if it will protest the Pentagon's awarding of a $10 billion cloud computing contract to rival Microsoft, with one possible grievance being the unusual attention given the project by President Donald Trump...
Pentagon hands Microsoft $10B ‘war cloud’ deal, snubs Amazon
October 26, 2019 GMTSAN FRANCISCO (AP) — The Pentagon awarded Microsoft a $10 billion cloud computing contract , snubbing early front-runner Amazon, whose competitive bid drew criticism from President Donald Trump and its business rivals...
Big Tech’s eco-pledges aren’t slowing its pursuit of Big Oil
October 2, 2019 GMTEmployee activism and outside pressure have pushed big tech companies like Amazon, Microsoft and Google into promising to slash their carbon emissions...
Microsoft surpasses Apple as most valuable public company
November 30, 2018 GMTMicrosoft's big bet on cloud computing is paying off as the company has surpassed Apple as the world's most valuable publicly traded company...
Co-founder of Salesforce buys Time magazine for $190 million
September 17, 2018 GMTWASHINGTON (AP) — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday...
Amazon is 2nd US company to reach $1 trillion market value
September 4, 2018 GMTNEW YORK (AP) — Amazon on Tuesday became the second publicly traded company to reach $1 trillion in market value, hot on the heels of iPhone maker Apple...