Maria Deutscher
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Report: Facebook may buy multibillion-dollar stake in Indian carrier Reliance Jio
Facebook Inc. is preparing to make a big investment in India, if a new report is to be believed. The Financial Times today cited two unnamed sources as saying that the social network is looking to acquire a 10% stake in Reliance Jio Infocomm Ltd., an Indian wireless carrier with an estimated valuation of over $60 billion. ...
AWS charges Pentagon wants to give Microsoft a ‘do-over’ on contested JEDI bid
In a court filing made public today, Amazon Web Services Inc. is charging that the Pentagon is unfairly favoring rival Microsoft Corp. as part of its reevaluation of the JEDI contract. The JEDI, or Joint Enterprise Defense Infrastructure, contract is a $10 billion cloud computing deal that the Pentagon awarded to Microsoft in October. The ...
With DLSS 2.0, Nvidia is harnessing AI to improve games’ visual fidelity
Nvidia Corp.’s data center unit posted record sales last quarter, but the chipmaker’s main revenue source continues to be its consumer business, which sells graphics processing units for playing video games. Today, Nvidia introduced a new technology called DLSS 2.0 aimed at strengthening its position in that market. DLSS 2.0, is an artificial intelligence framework ...
SoftBank is selling off $41B worth of assets after coronavirus share price crash
SoftBank Group Corp. told shareholders today that it plans to put $41 billion worth of assets on the auction block to help pay down debts and boost its share price. The announcement achieved the intended effect, sending the Japanese tech behemoth stock soaring more than 18% in trading. But the real test will be how ...
IBM-backed consortium opens up 16 supercomputers for coronavirus research
A consortium of tech companies, government bodies and universities is making 330 petaflops of supercomputer capacity available to researchers studying the coronavirus. IBM Corp., a member of the group, unveiled the initiative on Sunday. Researchers can request computing resources via an online applications portal. The COVID-19 High Performance Computing Consortium is launching with support from the White ...
AT&T scraps $4B stock buyback plan as carriers adjust to internet traffic demands
AT&T Inc. has scrapped a plan to buy back $4 billion worth of shares in order to free up financial resources for coping with the coronavirus pandemic and its economic impact. The carrier disclosed the move in a regulatory filing spotted by CNBC today. On March 3, AT&T revealed that it had teamed up with Morgan Stanley ...
AWS launches $20M diagnostics program to support coronavirus research
Amazon Web Services Inc. today announced a $20 million program to support organizations that are working on new, better ways of diagnosing the coronavirus. The COVID-19 testing methods currently in use can require waiting a day or more to see if a patient is positive. Under the new program, AWS will support accredited research institutions ...
Microsoft Teams gains 12M users in a week as Slack picks up 7,000 new customers
Microsoft Corp. and Slack Technologies Inc. today divulged growth figures for their team collaboration services that provide a new indicator of just how fast teleworking is rising amid the coronavirus pandemic. In the past seven days, Microsoft Teams has gained no fewer than 12 million active daily users. The service now counts 44 million active users ...
Storj Labs launches a decentralized object storage platform for enterprises
Storj Labs Inc. today launched a decentralized object storage platform for the enterprise market that it says offers up to 50% lower pricing than Amazon Web Services Inc.’s category-leading S3 service. Storj is headed by Chief Executive Officer Ben Golub (pictured), who led software container pioneer Docker Inc. before joining the startup in 2018. Tardigrade, ...
Netflix, YouTube, Amazon cut streaming bit rates in Europe as internet usage surges
Updated: Netflix Inc. has cut traffic to customers in Europe after the European Union asked it Wednesday to downgrade high-definition video streams to standard quality in some cases, a measure officials hope will ease the strain on carrier networks facing surging internet traffic. Thierry Breton, the EU commissioner for the bloc’s internal market, had brought ...