amazon Amazon Shuts Down Free Wickr Messaging App Amid Security Concerns Amazon announces the discontinuation of its free encrypted messaging app Wickr Me by the end of 2023 to focus on enterprise and government clients. The shutdown follows reports that criminals exploited the platform to share illegal content.
cloud infrastructure Cloud Infrastructure Growth Slows to 24% as AWS Reports Revenue Dip The global cloud infrastructure market reaches $57 billion in the latest quarter but experiences a notable drop in growth rate. Google Cloud stands out as the only major provider to gain market share while AWS and Microsoft fall short of analyst expectations.
amazon Amazon Stock Drops 13% on Weak Holiday Forecast and Missed Revenue Amazon shares fall sharply after the company issues a disappointing fourth-quarter revenue forecast and misses third-quarter expectations. The tech giant faces ongoing macroeconomic headwinds and a slowing retail business.
amazon Amazon's Q3 Profit Drops as Inflation and E-Commerce Slowdown Bite Amazon reports a sharp decline in Q3 2022 operating and net income due to shifting shopping habits and inflation, while its cloud division remains profitable. The company's stock plunges after issuing a shockingly vague financial forecast for the upcoming holiday quarter.
truefoundry Former Meta Engineers Raise $2.3M for Rapid ML Deployment Platform TrueFoundry, a startup founded by ex-Meta engineers, raises $2.3 million to automate machine learning deployment. The cloud-agnostic platform reduces production timelines from weeks to just hours for enterprise data teams.
uber Uber Confirms Massive Cybersecurity Breach by Teenage Hacker Uber confirms a major cybersecurity incident after an 18-year-old hacker breaches its internal systems using simple social engineering tactics. The ride-hailing company takes critical engineering and communications tools offline while coordinating with law enforcement.
google cloud Google Cloud to Shut Down IoT Core Service Next Year Google Cloud is discontinuing its IoT Core service and giving customers a 12-month window to migrate to specialized partner platforms.
amazon Amazon Acquires Roomba Maker iRobot in $1.7 Billion All-Cash Deal Amazon announces a $1.7 billion all-cash acquisition of iRobot, the company behind the famous Roomba robotic vacuum. The deal brings together Amazon's smart home ambitions with iRobot's decades of home robotics experience.
amazon Amazon Posts Strong Q2 Revenue Despite Ongoing Cost Pressures Amazon surpasses second-quarter revenue expectations and provides an optimistic third-quarter forecast, causing shares to jump over 13%. The tech giant reduces its massive workforce by 99,000 employees as it navigates inflation and pandemic-era overexpansion.
amazon Amazon Unveils CodeWhisperer AI to Challenge GitHub Copilot Amazon launches CodeWhisperer, an AI pair programming tool that autocompletes code based on simple comments. The tool actively highlights open-source license information to help developers avoid copyright issues.
tech layoffs Economic Headwinds Drive Over 219,000 Tech Layoffs in 2022 Faced with inflation, supply chain issues, and declining revenue growth, tech companies lay off over 219,000 employees in 2022. Even strong cloud computing sectors show signs of slowing down as businesses brace for a potential recession.
aws AWS Posts Strong Q1 Gains as Amazon Reports $3.8 Billion Loss Amazon Web Services generates $18.4 billion in revenue and boasts a massive $88.9 billion backlog, contrasting sharply with Amazon's overall quarterly loss.
amazon web services Amazon Web Services Posts Strong Profit Despite Company's Q1 Net Loss Amazon's cloud division generates $18.44 billion in revenue and $6.52 billion in operating income, easily offsetting the parent company's massive first-quarter deficit. The unit experiences slight growth deceleration but remains the dominant and highly profitable force in the cloud market.
amazon Major Cloud Providers Halt New Sales in Russia Over Ukraine Invasion Amazon, Microsoft, Google, and IBM all suspend new cloud sales in Russia in response to the ongoing war in Ukraine. Cloudflare, however, maintains its local services to keep the internet accessible.
aws AWS Expands Machine Learning Tools With No-Code SageMaker Canvas Amazon introduces SageMaker Canvas, a new no-code interface for its ML platform that allows users to train models without writing code. The tool simplifies data importing, model building, and prediction generation for non-technical users.