Tech giants’ cloud pains aren’t shared equally
Amazon’s CEO has cited reduced mortgage volume and cryptocurrency trading as factors affecting usage of the company’s AWS cloud service in the recent quarter.
IBM reports highest annual revenue growth in a decade
IBM faces recession worries as a tech company focusing heavily on the cloud. Cloud revenue grew 2% while it took a $1 billion hit from foreign exchange rates.
Thoma Bravo to take Coupa Software private in $8B deal
The cloud-based business-spend management platform said Monday that its shareholders will be paid $81 a share, which represents a 77% premium to Coupa’s closing price Nov. 22.
IBM launches its most powerful quantum computer with 433 qubits
Quantum computers are one day expected to speed up certain calculations millions of times faster than the fastest super computers today. IBM is calling the system Quantum System Two.
Amazon outage disrupts lives, surprising people about their cloud dependency
Kyle Lerner and his girlfriend sensed something was amiss when they came home Tuesday and found their two Persian-Himalayan cats meowing nonstop.
Another Amazon Web Services outage remains possible, internet expert warns
Doug Madory, with network intelligence firm Kentik, warned that “it is really hard to completely remove the possibility of an outage” even though cloud providers take an “enormous amount of steps to try and ensure resiliency.”