Google, Oracle, Amazon, Microsoft to share $9 billion ‘return of JEDI’ defense contract

Google, Oracle, Amazon, Microsoft to share  billion ‘return of JEDI’ defense contract

Alphabet Inc.’s Google, Oracle Corp., Inc., and Microsoft Corp. will share a $9 billion hybrid contract to provide secure cloud services for the Pentagon worldwide, the Department of Defense said Wednesday. In the Pentagon’s daily contract announcements, Alphabet GOOG, -2.22% GOOGLE, -2.10%, Oracle ORCL, -0.16%, Microsoft MSFT, -0.31%, Amazon AMZN, +0.24% were jointly named … Read more

Pentagon splits $9 billion cloud contract among 4 companies

Pentagon splits  billion cloud contract among 4 companies

WASHINGTON (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. The Joint Warfighter Cloud Capability is envisioned … Read more

TikTok Is Sued by State of Indiana, Accused of Targeting Young Teens With Adult Content

TikTok Is Sued by State of Indiana, Accused of Targeting Young Teens With Adult Content

Tech Suits come as states push back against the platform, citing worries over its influence on children and security concerns related to China

Samsara, Smartsheet, Asana, and More Stock Market Movers Friday

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China Clamps Down on Internet as It Seeks to Stamp Out Covid Protests

WSJ News Exclusive China Online regulators tell big tech companies to expand censorship of information on demonstrations and take steps to curb the virtual private networks used to bypass online controls

Snowflake stock drops after sales forecast that CFO admits is ‘conservative’

Shares of Snowflake Inc. fell more than 5% in after-hours trading Wednesday, when the data-software company’s executives announced quarterly revenue that topped expectations but came up shy with their fourth-quarter sales outlook. Revenue increased to $557 million from $334 million in the third quarter, whereas analysts were modeling $540 million. Snowflake SNOW, +4.64% reported $523 … Read more

Global Function-as-a-Service (FaaS) Market Report 2022:

Dublin, Nov. 08, 2022 (GLOBE NEWSWIRE) — The “Function-as-a-Service Global Market Report 2022” report has been added to’s offering. The global function-as-a-service market is expected to grow from $6.93 billion in 2021 to $8.59 billion in 2022 at a compound annual growth rate (CAGR) of 24.07%. The function-as-a-service market is expected to reach $20.96 … Read more

Think you had a bad week? Salesforce, cloud companies had some of their worst weeks ever

Salesforce Inc. and other cloud-software stocks shed red over the week, as the lining in cloud-software stocks Friday turned blood red instead of silver, sending some cloud companies and ETFs tracking the industry to some of their worst weeks ever. Forecasts from former software darlings this week added to fears about businesses cutting back on … Read more

Amazon and Microsoft Cloud Weakness Spills Over to Atlassian, Twilio

There is new trouble brewing in the cloud. Last week, both Microsoft (ticker: MSFT) and Amazon com (AMZN) sold off after reporting moderating growth from their market-leading public cloud businesses—Azure and Amazon Web Services. But a new batch of earnings reports suggests that the threats of an economic slowdown are hitting a wider circle of … Read more

Amazon stock sinks after holiday forecast and cloud growth, profit disappoints; $150 billion in market cap at risk Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and Amazon Web Services profit missed expectations by nearly $1 billion, sending shares south in after-hours trading. Amazon AMZN, -4.06% executives guided for fourth-quarter operating profit of break-even to $4 billion and holiday sales … Read more