The Pentagon said it canceled a disputed cloud-computing contract with Microsoft that could eventually have been worth $10 billion. It will instead pursue a deal with both Microsoft and Amazon and possibly other cloud service providers. “With the shifting technology environment, it has become clear that the JEDI Cloud contract, which has long been delayed, […]
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Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon’s biggest shareholder with a stake worth about […]
In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber […]
Didi Global Inc., a Chinese ride-hailing service, gained 1% Wednesday in its highly anticipated U.S. stock market debut, giving up most of a early double-digit gain. The Beijing-headquartered company’s initial public offering of 288 million shares was priced at $14 a share and opened at $16.65, up 16%. The shares closed at $14.14. Prior to […]
When a wildfire tore through Briceburg nearly two years ago, the tiny community on the edge of Yosemite National Park lost the only power line connecting it to the electrical grid. Rather than rebuilding poles and wires over increasingly dry hillsides, which could raise the risk of equipment igniting catastrophic fires, the nation’s largest utility […]
Mexico’s richest man has pledged to rebuild and pay for a segment of a Mexico City subway line that collapsed on May, killing 26 people, President Andrés Manuel López Obrador said Wednesday. López Obrador said telecom and construction magnate Carlos Slim has promised to pay for the rebuilding out of his own pocket and have […]
In a classical plot twisting manner, a newly published report showed that Big Tech giant Apple resorts to using Google’s server farms to store iCloud Data in a partnership that sees the iPhone maker as one of Google’s largest clients. The report, published by The Information, revealed that Apple entrusts its rival Google with user […]
Facebook has officially joined the trillion-dollar company club after yesterday’s stock market close, according to Yahoo Finance. The landmark came following the tech giant’s victory in a court against Federal Trade Commission (FTC) where a federal court rejected two lawsuits from the FTC and a coalition of state, spiking Facebook shares up 4.2 percent. The […]
A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient” and didn’t provide enough evidence to […]
After months of frustration and delay, Japan has hit the remarkable benchmark of 1 million vaccines a day. But with the Olympics set to start in less than a month, and only a small portion of the country vaccinated, a question lingers: Is it enough? The vaccination pace is quickening even as the young remain […]