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In a big surprise, Pentagon grants Microsoft $10B JEDI cloud contract over Amazon

Microsoft Corp. today won the Department of Defense’s hotly contested $10 billion, 10-year cloud computing contract, beating out frontrunner Amazon Web Services Inc. Amazon.com Inc.’s cloud computing unit had been the presumed favorite for the plum contract, known as the Joint Enterprise Defense Infrastructure or JEDI, for well over a year partly thanks to its …

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Despite chip supply problems, Intel posts record revenue, buoying shares

Intel Corp. is enjoying a bit of the limelight today after posting strong third-quarter earnings and guidance for the next three months that easily beat expectations. The chipmaker reported a profit before certain costs such as stock compensation of $1.42 per share on record quarterly revenue of $19.2 billion. That was well ahead of Wall Street’s expected …

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IT spending stays flat but cloud sees more acceleration

Enterprises are tightening the purse strings in the fourth quarter of 2019, with spending on information technology infrastructure set to remain flat from a year ago. That’s according to the latest forecast from Enterprise Technology Research. Dave Vellante, chief analyst at SiliconANGLE sister market research firm Wikibon and co-host of theCUBE, ran down the details …

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Open source Delta Lake project moves to the Linux Foundation

Databricks Inc.’s Delta Lake today became the latest open-source software project to fall under the banner of the Linux Foundation. Delta Lake has rapidly gained momentum since it was open-sourced by Databricks in April, and is already being used by “thousands of organizations” including important backers such as Alibaba Group Holding Ltd., Booz Allen Hamilton Corp. …

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Big blow to Facebook’s Libra: Mastercard, Visa, Stripe, eBay and Mercado Pago all pull out

The floodgates opened today on Facebook Inc.’s Libra Association as no fewer than five more companies exited the group overseeing the social network’s proposed cryptocurrency: Mastercard Inc., Visa Inc., eBay Inc., Stripe Inc. and Mercado Pago. Reports that some companies were looking to withdraw their support from Libra surfaced Oct. 1, with PayPal Holdings Inc. becoming the first to …

Big blow to Facebook’s Libra: Mastercard, Visa, Stripe, eBay and Mercado Pago all pull out Read More »

Apple CEO Tim Cook lambasted for pulling Hong Kong protest app

Apple Inc. took down a Hong Kong protest app late yesterday after pressure from China, only to prompt a torrent of criticism today from some quarters. On Wednesday, China state media criticized Apple for allowing the app in the App Store, calling the technology “poisonous.” The app in question, HKmap.live, allowed users to locate Hong …

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