Tag Archives: Yahoo

Supplier Report: 11/17/2017

Oracle is trying to make it harder for Chinese firms to purchase U.S. companies by supporting bills that expands the power of the Committee on Foreign Investment.  Meanwhile the rumors of Amazon’s Chinese exit have been greatly exaggerated… the company had to sell off certain assets to comply with Chinese law.

Mashable is about to be purchased by Ziff Davis, leaving some to ponder the viability of digital media.

The viability of the Oath (formerly Yahoo and AOL) is in question with reports of over 500 employees being laid off (4% of their workforce).

Acquisitions

  • Mashable Agrees to Sell to Ziff Davis for Around $50 Million

    The price is approximately one-fifth of the company’s $250 million valuation based on its last investment round in March 2016.

    It is a troubling sign for the broader outlook for digital publishers, particularly those that have embraced the “pivot to video” strategy in an effort to lure more lucrative video ad sales.

    Bloomberg earlier reported that Mashable was close to an agreement to sell to Ziff Davis. Ziff Davis is a subsidiary of J2 Global Inc. and owns brands such as PCMag, IGN, Everyday Health and Offers.com.

    https://www.wsj.com/articles/mashable-agrees-to-sell-to-ziff-davis-for-around-50-million-1510863283

Artificial Intelligence

  • Oracle’s Mark Hurd: When companies claim they’re in A.I., ‘most of the time it’s just nonsense’

    Most of the time, when companies claim they’re in the business of artificial intelligence, “it’s just nonsense,” Oracle CEO Mark Hurd said Tuesday.

    “Everybody in [Silicon] Valley’s saying they’re in AI,” Hurd told CNBC’s Jon Fortt during an NYSE Fireside Chat.

    https://www.cnbc.com/2017/11/14/oracles-mark-hurd-when-companies-claim-theyre-in-ai-most-of-the-time-its-just-nonsense.html

  • A mirror exposes AI’s inherent flaws in ‘Untrained Eyes’

    Kaino and Williams wanted to reveal how something as seemingly innocuous as a Google search can expose algorithmic bias. Kaino points out that searching for “man” on Google Images surfaces page after page of white men in business suits, looking confidently into the camera, while a search for “woman” brings up a grid of white women in various stages of undress. Untrained Eyes sheds a light on issues of representation, forcing the viewer to confront how a computer, and by extension, an unknown programmer, sees them.

    https://www.engadget.com/2017/11/09/untrained-eyes-engadget-experience/

Cloud

  • Amazon Web Services denies reports of China exit, confirms some asset sales

    No, AWS did not sell its business in China and remains fully committed to ensuring Chinese customers continue to receive AWS’s industry leading cloud services. Chinese law forbids non-Chinese companies from owning or operating certain technology for the provision of cloud services. As a result, in order to comply with Chinese law, AWS sold certain physical infrastructure assets to Sinnet, its longtime Chinese partner and AWS seller-of-record for its AWS China (Beijing) Region. AWS continues to own the intellectual property for AWS Services worldwide. ‎We’re excited about the significant business we have in China and its growth potential over the next number of years.

    https://www.geekwire.com/2017/reports-amazon-web-services-exiting-china-selling-local-partner-300m-deal/

  • Companies will waste over $10 billion in cloud spending in the next year

    “Cloud providers claim they are getting better at helping companies save some of their cloud spending. For example, AWS recently claimed it saved AWS users $500 million by alerting customers when they are overpaying,” says Kim Weins, VP of cloud cost strategy at RightScale. “Unfortunately, this is just a drop in the bucket. RightScale has seen that companies waste, on average, 35 percent of their cloud spend. This equates to $6.4 billion in annualized wasted cost for AWS alone. For the top three public cloud providers (Amazon Web Services, Microsoft Azure, and Google Cloud Platform), this represents annualized waste of $10 billion.”

    RightScale points out some ways in which enterprises can control their cloud costs. Forty percent of instances are sized larger than is required for the workload and could be resized — and therefore made cheaper — without impacting performance of the application. Each oversized instance is wasting 50-75 percent, resulting in 11-16 percent of all cloud spend being wasted.

    https://betanews.com/2017/11/13/company-cloud-waste/

  • IBM makes 20 qubit quantum computing machine available as a cloud service

    IBM has been offering quantum computing as a cloud service since last year when it came out with a 5 qubit version of the advanced computers. Today, the company announced that it’s releasing 20-qubit quantum computers, quite a leap in just 18 months. A qubit is a single unit of quantum information.

    The company also announced that IBM researchers had successfully built a 50 qubit prototype, which is the next milestone for quantum computing, but it’s unclear when we will see this commercially available.

    https://techcrunch.com/2017/11/10/ibm-passes-major-milestone-with-20-and-50-qubit-quantum-computers-as-a-service/?ncid=rss
    Satya Nadella’s book mentions the increase in qubits as an important milestone for AI.

Software/SaaS

  • No Wild West here – Workday’s CEO on customer satisfaction

    In my conversations with Workday customers over the last year, customers have showered the company with praise on the company’s efforts to ensure everything goes to plan. I don’t normally include those remarks in my reports because, for me, it is a check mark for the future rather than an item that contributes to an assessment of the project. But then check what Paul Wright of Accuride said to me recently:

    To answer your specific question I think the customers are ready, willing and able to adopt all the technology coming at them. The questions were solid from the audience around the complexities they have in their business, and there were people in the session from all kinds of verticals. The PMs weren’t stumped by anyone. I heard similar stories from my guys who were in sessions around HR, prism analytics, and PaaS. My team was very impressed by how they constructed the open platform, and can’t wait to play with it, we’ve already got some apps in mind.

    https://diginomica.com/2017/11/16/no-wild-west-workday-customer-satisfaction/

Security

  • Google study shows how your account is most likely to be hijacked

    The tech titan found 788,000 credentials that were stolen via keyloggers, 12 million stolen via phishing and 3.3 billion exposed by third-party breaches within a year of investigating black markets. A total of 12 percent of the exposed records it found used Gmail addresses as a username, and seven percent of those accounts reused the Gmail password for other services, making them more vulnerable than the others.

    Howevever, since Google incorporates safety measures to prevent strangers from logging into your account, the company also saw increasingly sophisticated tools capable of collecting data other than usernames and passwords. Among the phishing tools and keyloggers Google examined, 82 percent and 74 percent, respectively, have the capability collect IP addresses. It also found tools that can collect phone numbers, as well as devices’ make and model. Hijackers can then use those info to authenticate the identities of the accounts they’re stealing.

    https://www.engadget.com/2017/11/11/google-study-hijack/

Other

  • The Oath bloodbath continues: 560 people are being laid off

    More cuts are coming to Oath. The entity that houses Yahoo and AOL is in the process of laying off up to 560 people today following Yahoo’s June acquisition by Verizon. That represents slightly less than 4 percent of Oath’s global employee count of 14,000. Among those people were staffers at Yahoo Finance in the U.K., but the cuts apparently aren’t concentrated in a specific brand or geography.

    Verizon in June completed its $4.48 billion acquisition of Yahoo’s assets, which were combined with AOL brands including the HuffPost (formerly The Huffington Post) under a new subsidiary called Oath. Oath laid off 2,100 of its staff after the deal closed, or 15 percent of the workforce.

    https://digiday.com/media/oath-lays-off-560-verizon-acquisition/

  • Oracle Wants to Make It Tougher for Chinese Firms to Buy U.S. Companies

    The bills, which were introduced last week, would expand the power of the Committee on Foreign Investment in the United States (CFIUS), allowing it to review smaller investments and add new national security factors, such as exposure of Americans’ Social Security numbers, for CFIUS to consider.

    CFIUS, an inter-agency panel, reviews proposed transactions for national security concerns. CFIUS can recommend that a transaction be prohibited, but only the president can issue an order to stop or suspend a deal.

    http://fortune.com/2017/11/15/oracle-chinese-firms-buy-u-s-companies/

  • Microsoft plans a 75 percent reduction in carbon emissions by 2030

    By pushing its carbon neutrality plans and renewable energy commitments, the target puts the company on track to meet the goals set in the Paris Climate Agreement, and of course puts a big tick in its corporate social responsibility box.

    75 percent over 15 years is not a hugely ambitious target, especially when you consider that Microsoft has had carbon reduction on its agenda since 2009, and that despite the environmental programs it has in place, it only manages a lackluster score of C- in Greenpeace’s guide to greener electronics (breaking down to a D+ for both energy and resources).

    https://www.engadget.com/2017/11/14/microsoft-sets-unambitious-but-achievable-carbon-reduction-goal/

  • Foxconn’s Profit Down 39% Amid iPhone Production Woes

    Taiwan-based Foxconn, known formally as Hon Hai Precision Industry Co., posted 21 billion New Taiwan dollars (about $695.5 million) in net profit in the three months to September, its statement showed Tuesday. That was lower than the NT$35.6 billion average estimate of analysts polled by the S&P Global Market Intelligence. The 39% decline in profit from the same period a year earlier was Foxconn’s largest drop since 2008, during the global recession, according to data from S&P.

    Apple hasn’t disclosed sales numbers for the iPhone X. The phone made its debut with long lines at Apple stores around the world and shipping delays of five-to-six weeks, showing that the company hadn’t ramped up production enough to meet demand. The delay had shrunk to three to four weeks in the U.S. as of Tuesday afternoon.

    https://www.wsj.com/articles/foxconns-profit-down-39-amid-iphone-production-woes-1510666619

Photo: Derek Thomson

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Supplier Report: 11/10/2017

This week is the tech-industry equivalent of a bad romance movie. First Google and SalesForce announce a partnership, and in the same week, SaleForces announces a partnership with Facebook that could negatively impact Google.

T-Mobile and Sprint are definitely (maybe) off again… probably.

Another acquisition that might go sour is the AT&T and Time Warner agreement. Customers don’t love the idea and there is a certain President of the United States that is potentially using his influence to get revenge on CNN (probably not).

AI is getting smart enough to realize it needs to grow on its own.

Acquisitions

  • Broadcom Proposes to Acquire Qualcomm for Over $100 Billion

    The cash-and-stock deal carries a value of roughly $103 billion and includes about $25 billion of debt. In a news release, Broadcom said it valued the deal at $130 billion.

    https://www.wsj.com/articles/broadcom-proposes-to-acquire-qualcomm-for-70-per-share-1509971816
    Broadcom offers to acquire Qualcomm for $70 per share

    Specifically Broadcom is offering to pay $70.00 per Qualcomm share, with $60.00 being in cash and $10.00 per share in Broadcom shares. It’s intending to use debt financing if it gets agreement for the deal.

    Although a Nomura Instinet analyst, cited by Reuters, suggests that a $70 per share offer won’t be sufficient for the proposal to fly.

    https://techcrunch.com/2017/11/06/broadcom-offers-to-acquire-qualcomm-for-70-per-share/?ncid=rss

  • Proofpoint acquires Cloudmark for $110M in cybersecurity consolidation play

    As malicious groups continue to become more sophisticated in their hacking techniques, cybersecurity efforts are attempting to expand in their reach, and that is leading to some consolidation in the field. Today, cybersecurity firm Proofpoint — which provides SaaS products to protect businesses’ email, social media and other services — announced that it would pay $110 million to acquire Cloudmark, another firm that provides security protection for messaging services, focusing specifically on serving the ISP and mobile carrier markets.

    https://techcrunch.com/2017/11/07/proofpoint-acquires-cloudmark-for-100m-in-cybersecurity-consolidation-play/?ncid=rss

  • Sprint and T-Mobile Call Off Merger

    The decision came after Sprint Chairman Masayoshi Son, Sprint CEO Marcelo Claure, T-Mobile CEO John Legere and Tim Höttges, CEO of T-Mobile parent Deutsche Telekom AG, met for dinner at Mr. Son’s house in Tokyo to try to reach a final agreement, a person familiar with the matter said.

    In a joint statement, the companies said they couldn’t settle on mutually agreeable terms. They didn’t go into specifics.

    Instead of a merger, Sprint parent company SoftBank Group Corp. plans to buy shares of Sprint on the open market. SoftBank’s stake is around 80%, and it intends to keep its stake below an 85% threshold that would trigger a tender offer.

    https://www.wsj.com/articles/sprint-and-t-mobile-calling-off-merger-1509818355

  • Continental buys Israeli co Argus Cyber Security

    Continental said that Argus would now become part of Elektrobit and would continue to engage in commercial relations with all automotive suppliers globally.

    The purchase price was not disclosed though Israeli media reported earlier this week that Continental would pay about $400 million (£305.4 million) for Argus.

    https://www.reuters.com/article/us-argus-m-a-continental/germanys-continental-buys-israeli-auto-cyber-firm-argus-idUSKBN1D31DR

  • Marvell Technology Group in Advanced Talks to Combine With Cavium

    Marvell is based in Bermuda but run from Santa Clara, Calif. Its chips are used primarily in storage devices, printers and wireless products, and can be found in cars. The company had long been run by husband-and-wife co-founders Sehat Sutardja, who was chairman and chief executive, and Weili Dai, who was president.

    Last year, activist investor Starboard Value LP took a 6.7% stake in Marvell and pushed for the company to cut costs and consider exiting its mobile-devices business. Marvell initiated a restructuring that would eliminate around 900 employees, or approximately 16% of its workforce. It also hired a new CEO to run the company.

    Cavium, based in San Jose, Calif., makes products that are used for networking, data-center and wireless applications.

    https://www.wsj.com/articles/marvell-technology-group-in-advanced-talks-to-combine-with-cavium-1509744822

  • The merger between AT&T and Time Warner is a raw deal for the rest of us

    A combined AT&T-Time Warner could pass along the massive acquisition costs, which include billions of dollars in Time Warner debt, to consumers, just as AT&T did after acquiring DirecTV. Even if you subscribe to a different service for cable or satellite TV, you could wind up paying more, because AT&T could raise the prices it charges competitors for HBO, CNN, and other highly desirable Time Warner programming.

    Meanwhile, AT&T-Time Warner would have every incentive to favor its own content over that of others, meaning that AT&T users might not have access to the programming they want – like the competing content of Netflix and Hulu – on the same terms. Because of AT&T’s large footprint in the wireless internet market, their acquisition of a massive content provider poses a serious threat to net neutrality.

    And that’s not all. Should regulators sign off on this deal, it could have enormous long-term implications for the media landscape, as other major industry players — of which there are fewer and fewer — will increasingly argue that greater scale or their own vertical deal is necessary in order to compete with the behemoths of AT&T and Comcast.

    https://techcrunch.com/2017/11/07/the-merger-between-att-and-time-warner-is-a-raw-deal-for-the-rest-of-us/?ncid=rss

Artificial Intelligence

  • A.I. Researchers Leave Elon Musk Lab to Begin Robotics Start-Up

    Their start-up, Embodied Intelligence, is backed by $7 million in funding from the Silicon Valley venture capital firm Amplify Partners and other investors. The company will specialize in complex algorithms that allow machines to learn tasks on their own. Using these methods, existing robots could learn to, for example, install car parts that aren’t quite like the parts they have installed in the past, sort through a bucket of random holiday gifts as they arrive at a warehouse, or perform other tasks that machines traditionally could not.

    “We now have teachable robots,” Mr. Abbeel said during a recent interview at the new company’s offices in Emeryville, Calif., just across the bay from San Francisco.

    https://www.nytimes.com/2017/11/06/technology/artificial-intelligence-start-up.html

  • To keep up with demand, AI may have to build itself

    While companies like Google, Facebook, and Microsoft can throw money at the problem and pay “millions of dollars a year to A.I. experts,” per the Times, other companies are taking matters into their own hands and developing tools and neural networks to help companies build their own AI software. That’s where technologies like Google’s new AutoML come in. It hopes to automate the AI-building process by outsourcing it to AI itself. Per the Times: “Google said AutoML could now build algorithms that, in some cases, identified objects in photos more accurately than services built solely by human experts.”

    It’s not just algorithms either, but AI is getting really good at teaching itself skills like speech recognition, machine translation, and all sorts of other things thanks to a process that experts call “learning to learn,” or “meta-learning.”

    https://www.fastcompany.com/40492277/to-keep-up-with-demand-ai-may-have-to-build-itself

Cloud

  • Google and Salesforce Ink Cloud, Apps Deal

    The deal, slated to be announced Monday at the start of Salesforce’s Dreamforce customer conference in San Francisco, comes a year and a half after the cloud-based business software vendor said it would move some computing operations to data centers run by the market leader, Amazon Web Services. Salesforce also operates its own data centers.

    World-wide revenue for the business of providing cloud infrastructure—that is, computing processing and storage service—hit $22.2 billion last year, and is expected to climb to $67 billion by 2020, according to industry research firm Gartner Inc.

    https://www.wsj.com/articles/google-and-salesforce-ink-cloud-apps-deal-1510002301
    What about the AWS deal?

    It’s unclear exactly how using Google Cloud Platform fits into Salesforce’s overall infrastructure and global expansion plan. Salesforce is already using Amazon Web Services’ infrastructure to power a couple of its international cloud regions, and doesn’t have plans to move away from that investment. AWS will remain a “preferred” cloud provider for Salesforce, as it was when the two companies announced their partnership almost a year and a half ago.

    https://venturebeat.com/2017/11/06/google-and-salesforce-sign-massive-strategic-partnership/

    Facebook and Salesforce are teaming up against Microsoft Office and Google

    The cloud-software provider and the social networking giant are expected to announce Tuesday that they are enhancing the integration of Salesforce’s Quip productivity app with Facebook’s Workplace, which is a version of the company’s social network that was designed specifically for businesses. The collaboration is designed to make it easier to share Quip documents in Workplace and see there a list of all documents shared.

    The partnership could help the two companies better compete with Microsoft’s Office and Google’s G Suite.

    But the deal could have other benefits. The partnership will give both Salesforce and Facebook a way in with each other’s customers.

    http://www.businessinsider.com/salesforce-quip-partners-with-workplace-by-facebook-2017-11

  • Microsoft, Oracle, IBM are said to alter pay to push cloud sales

    Previously, Microsoft had been bundling cloud services, such as Azure for storing and running data and cloud applications, with many of its multiyear deals. Althoff said the shift in pay incentives is a significant change.

    “We did have ill-informed behaviours,” he said. “We tried to sell Azure the same way we tried to sell everything else at Microsoft, which is adding it into our enterprise agreement. People were like ‘Do you want fries with that? Do you want Azure with that?’ That didn’t drive any meaningful work.”

    Also:

    IBM has been emphasising selling cloud infrastructure services and software and tools geared toward specific business processes and industries such as health care and finance. Oracle has been turning its focus to the cloud as well and investing in staff. The company said in August it was adding more than 5,000 people, including in sales, for its cloud business – following other related hires earlier in the year in the US.

    https://www.thestar.com.my/tech/tech-news/2017/11/03/microsoft-oracle-ibm-are-said-to-alter-pay-to-push-cloud-sales/

Datacenter

  • New IBM platform turns your data center into a cloud

    IBM Cloud Private takes middleware and other legacy applications, places them inside Kubernetes containers and transforms them into contemporary applications using Kubernetes container orchestration. The software itself is already containerized, including IBM tools and most major open source databases.

    Cloud Private also provides tools and APIs to connect cloud services like Salesforce with a company’s on-premises data center and share data from the cloud services with those legacy applications.

    https://www.networkworld.com/article/3236245/private-cloud/new-ibm-platform-turns-your-data-center-into-a-cloud.html

Security

  • Yahoo’s Marissa Mayer Subpoenaed to Testify Before Senate, Says Report

    Former Yahoo CEO Marissa Mayer has reportedly been subpoenaed to testify to the Senate Commerce Committee about the massive cyber hack that compromised 3 billion accounts. The U.S. has charged four alleged Russian spies with the breach, which is now being investigated by the government for insight into Russia’s cyber espionage activities.

    Issued Oct. 25, according to a report by The Hill, Mayer’s subpoena reportedly came after the former Google employee and Yahoo chief executive declined multiple invitations to appear before the committee voluntarily. Since being served, she has agreed to testify willingly, says The Hill, though she has also reportedly asked for the court order to be lifted. A Mayer representative has refuted these events, The Hill reports.

    http://fortune.com/2017/11/07/yahoo-marissa-mayer-subpoena-testify-senate/

  • New tools help could help prevent Amazon S3 data leaks

    Today, AWS announced a new set of five tools designed to protect customers from themselves and ensure (to the extent possible) that the data in S3 is encrypted and safe.

    For starters, the company is giving the option of default encryption. That means every object that gets moved into an S3 bucket will have encryption on by default. What’s more, this will happen without admins having to construct a rejected bucket for unencrypted files. It’s not exactly foolproof, but it gives admins a good solid way to ensure the data is always encrypted in a much smoother way than before.

    If that’s not enough, Amazon is putting a signal front and center on the administrative console that warns admins with a prominent indicator next to each S3 bucket that has been left open to the public. If something slips through the cracks at the end user level, this should at least give admins an additional level of protection that something is amiss.

    https://techcrunch.com/2017/11/07/new-tools-help-could-help-prevent-amazon-s3-data-leaks/

  • Equifax CEO to Congress: Not Sure We Are Encrypting Data

    But Mr. Barros stumbled when asked by Sen. Cory Gardner (R., Colo) whether Equifax was now encrypting the consumer data it stored on its computers—a basic step in hiding sensitive information from hackers, and one the company previously had admitted it didn’t take before the breach.

    “I don’t know at this stage,” Mr. Barros said.

    The answer was disappointing, said Avivah Litan, an analyst with the research firm Gartner Inc. “He should have asked his staff that the day he took over,” she said.

    https://www.wsj.com/articles/equifax-ceo-to-congress-not-sure-we-are-encrypting-data-1510180486

Other

  • Salesforce CEO dismisses Microsoft as a competitor

    You know, look. They’re 1 percent of the CRM market. You know the numbers. I like having competitors. But what I just get blown away with is how they just can’t keep, you know, that management team in place. They just keep leaving Microsoft. You know that. And I think they don’t have confidence in that ability to execute in that business. So that has weighed to our favor, and customers feel that.

    You know because you go to these conferences just like I do. There is no conference like this that they do and that’s the — in my opinion, the mark. That is — why is it that they don’t have anything like this? That when they put on a conference like something — it’s always the resellers who come together, and then — where are these people? Now, that isn’t to say they don’t have, like, Build, where they get these really high-end developers using the IDE. You know what I mean? Is that the conference I’ve been to where I’m like, Oh, yeah, these are all the — and they’re all Windows — they have a Windows fever. And they have Windows API fever at the conference. But I haven’t seen that in any other part of their business, other than the Windows API. Maybe they’ll get it in Azure — I don’t know. But I haven’t seen that yet. Because the last time that I went to the conference, I didn’t see that. I only see that fever around the Windows API. And the Surface laptop.

    https://www.cnbc.com/2017/11/08/salesforce-ceo-dismisses-microsoft-as-a-competitor.html

  • IBM’s Ginni Rometty: Comfort and growth will never co-exist

    Today, IBM has 10,000 staff working with clients on design thinking and 1200 doing work internally. “That started us on the journey of getting to that business-to-person approach,” she said.

    To answer the question of whether IBM could be big as well as fast, the business commenced on an agile journey where small multidisciplinary teams work to produce a minimum viable product and iterate.

    “What I realised is that our employees can’t work faster unless we changed the way they work,” Rometty said. Today, 200,000 employees are doing agile, a change that led to 170 building renovations globally, and a rethink of appraisal systems.

    https://www.cmo.com.au/article/629768/ibm-ginni-rometty-comfort-growth-can-never-co-exist/

Photo: Jon Asato

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Supplier Report: 10/6/2017

Microsoft seems to be hinting at a post-consumer product existence when they announced they were shuttering their Groove service.  It seems like Google is slipping into the current Microsoft spot with their line of consumer focused Chromebooks and smartphones, while Microsoft becomes the new IBM by servicing the enterprise?

Oracle was all over the place this week.  Larry Ellison took shots at Amazon again while announcing AI functions within their product set.  Oracle is also confident they will take the lead in the cloud by helping companies keep costs flat.  Oracle might be keeping their female employee’s salaries flat as their board is rejecting requests to undergo a gender pay study.

Apple, Amazon, IBM, and Microsoft purchased companies over the last week, giving the M&A section a much needed boost.

Acquisitions

  • Apple quietly acquired computer vision startup Regaind

    This is Apple’s standard statement to confirm an acquisition. From what I understand, Apple acquired Regaind earlier this year. The company had raised a bit less than $500,000 (€400,000) from Side Capital.

    Regaind has been working on a computer vision API to analyze the content of photos. Apple added intelligent search to the Photos app on your iPhone a couple of years ago. For instance, you can search for “sunset” or “dog” to get photos of sunsets and your dog.

    In order to do this, Apple analyzes your photo library when you’re sleeping. When you plug your iPhone to a charger and you’re not using your iPhone, your device is doing some computing to figure out what’s inside your photos.

    https://techcrunch.com/2017/09/29/apple-quietly-acquires-computer-vision-startup-regaind/

  • Toshiba Strikes $17.8 Billion Deal to Sell Semiconductor Unit

    On Thursday, the Japanese conglomerate said that it had signed an almost $17.8 billion deal to sell its memory chip business to Bain Capital and other investors. Now, the question is whether the deal can withstand the legal talons of Western Digital.

    Toshiba said in a statement that it would sell to a holding company called Pangea, which was founded explicitly for the sale. The sale, which comes after an acrimonious auction marked by confusion and reversals, could give Toshiba a booster shot to recover from billions of dollars of losses from its American nuclear power unit.

    Pangea is buying Toshiba with around $1.9 billion from Bain Capital and $240 million from Japan’s Hoya. South Korea’s SK Hynix will pay $3.50 billion while U.S. investors, including Seagate Technology, Kingston Technology, Apple, and Dell Technologies will pitch in $3.7 billion. Loans will account for another $5.3 billion of Pangea’s funding.

    http://www.electronicdesign.com/industrial-automation/toshiba-strikes-178-billion-deal-sell-semiconductor-unit

  • Amazon has acquired 3D body model startup, Body Labs, for $50M-$70M

    TechCrunch has learned that Amazon has acquired Body Labs, a company with a stated aim of creating true-to-life 3D body models to support various b2b software applications — such as virtually trying on clothes or photorealistic avatars for gaming.

    One source suggested the price-tag Amazon paid for Body Labs could be $100M+. However a second well-placed source suggested it’s closer to $70M than $100M — so we’re pegging it at between $50M and $70M.

    https://techcrunch.com/2017/10/03/amazon-has-acquired-3d-body-model-startup-body-labs-for-50m-70m/

  • Microsoft acquires social virtual reality app AltspaceVR

    At a special event today in San Francisco, Microsoft announced that it has acquired social VR app AltspaceVR.

    The virtual reality social networking app allows users across headset and web platforms to join 3D chat rooms to play games, watch videos and attend events.

    https://techcrunch.com/2017/10/03/microsoft-acquires-social-virtual-reality-app-altspacevr/

  • IBM Set To Acquire Sydney-Based Digital Consultancy Firm

    Computing giant International Business Machines Corp. (NYSE:IBM) is set to acquire the Sydney, Australia-based digital consultancy firm, Vivant Digital. The digital consultancy firm uses technology, data and behavioral science to assist clients in coming up with a business strategy and the acquisition is thus meant to bolster IBM iX, the digital transformation agency of IBM. Terms of the deal, which is expected to close before the year ends, were not disclosed.

    The Sydney-based digital consultancy firm was started in 2008 and with a specialty in distribution industries and financial services, some of its clients include Australia Super, Qantas, Westpac and Commonwealth Bank. Currently the workforce of Vivant consists of between 50 and 70 workers who are located in both Melbourne and Sydney. Some of the employees will have be laid off though the exact number has not been determined.

    https://www.baystreet.ca/stockstowatch/2291/IBM-Set-To-Acquire-Sydney-Based-Digital-Consultancy-Firm

Artificial Intelligence

  • Oracle adds AI development service to platform offerings

    Zavery says Oracle is trying to make it easier for customers to build AI applications. “What we find with these frameworks and tooling, is that it’s not easy to set up as an integrated offering, and the evolution is happening so fast that it’s tough to keep up with what you should be using in terms of APIs around that.” The service is designed to alleviate those issues for developers.

    https://techcrunch.com/2017/10/02/oracle-adds-ai-development-service-to-platform-offerings/?ncid=rss

Cloud

  • GE picks AWS as preferred cloud provider

    “Adopting a cloud-first strategy with AWS is helping our IT teams get out of the business of building and running data centers and refocus our resources on innovation as we undergo one of the largest and most important transformations in GE’s history,” Chris Drumgoole, GE’s CTO and Corporate VP, said in a statement. “We chose AWS as the preferred cloud provider for GE because AWS’s industry leading cloud services have allowed us to push the boundaries, think big, and deliver better outcomes for GE.”

    http://www.zdnet.com/article/ge-picks-aws-as-preferred-cloud-provider/

  • AWS fires back at Larry Ellison’s claims, saying it’s just Larry being Larry

    When Oracle chairman Larry Ellison announced his company’s new autonomous database product at the Oracle OpenWorld conference keynote, he took several minutes to disparage AWS, one of his chief rivals in the cloud market. As market leader, Amazon stands firmly in Ellison’s crosshairs, but AWS took exception to his comments, and decided to issue a public rebuke.

    “Yeah, that’s factually incorrect. With Amazon Redshift, customers can resize their clusters whenever they want, or can scale compute separately from storage by using Redshift Spectrum against their data in Amazon Simple Storage Service and pay per query for just the queries they run,” the spokesperson told TechCrunch.

    They went on to berate Ellison, saying, “But,‎ most people know already that this sounds like Larry being Larry. No facts, wild claims, and lots of bluster.”

    https://techcrunch.com/2017/10/02/aws-fires-back-at-larry-ellisons-claims-saying-its-just-larry-being-larry/

  • Oracle CEO Mark Hurd: IT spending is flat, and cloud is the only way out

    On top of that, Hurd (pictured) said in returning to a theme he has sounded before, Silicon Valley has contributed to IT’s difficult situation by making too many piece parts that it leaves customers to cobble together — with increasingly unsatisfactory results, such as the recent massive Equifax data breach, partly blamed on the company’s inability to patch problems in critical software quickly.

    “Tech innovation and customer adoption happening faster than IT can keep up,” he said, given that many companies still depend on 20-year-old systems and apps, requiring 80 percent of their budgets to be spent on maintaining them rather than adding more innovative technologies. “We’ve told customers to put all this complexity together. That complexity has driven to this very difficult environment to maintain and to innovate.”

    https://siliconangle.com/blog/2017/10/02/oracle-ceo-mark-hurd-spending-flat-cloud-way/

Datacenter

  • Infinidat worth $1.6B after Goldman investment of $95M

    Data storage company Infinidat Inc. has raised $95 million from a growth equity wing of Goldman Sachs, indicating that the 6-year-old company continues to find traction in a market where others have stumbled recently.

    The Series C round, led by Goldman’s Private Capital Investing division, valued Infinidat at $1.6 billion, according to the company. TPG Growth, which had valued Infinidat at $1.2 billion in a $150 million round two years ago, also participated.

    https://www.bizjournals.com/boston/news/2017/10/03/infinidat-worth-1-6b-after-goldman-investment-of.html

  • Why the Internet is worried that Microsoft’s consumer services are doomed

    It’s not an idle question. Every cancelled consumer product—the Zune music player, Windows phones, the Microsoft Band—resurfaces the same angry protest: Doesn’t Microsoft care about consumers?

    If “care” means app development, yes: Both the Zune and Groove Music Pass evolved into reasonably good services, even if few used them. If “care” refers to marketing, though, you already know the answer: In general, no. And if you follow the money—which in this case, comes mostly from Microsoft’s enterprise businesses—that’s most likely the real reason why no Microsoft consumer service can feel completely safe.

    https://www.pcworld.com/article/3230486/windows/microsoft-why-its-consumer-services-could-be-doomed.html
    Microsoft Shutters Groove Music, Will Move Users To Spotify

    Microsoft announced today that it will soon shutter both its Groove Music Pass streaming service and the ability to purchase songs and albums in the Windows Store. The biggest surprise isn’t that the service never took off, it’s that Microsoft has partnered with Spotify to move all its Groove Music Pass customers over to Spotify.

    https://tech.slashdot.org/story/17/10/02/2010241/microsoft-shutters-groove-music-will-move-users-to-spotify

Software/SaaS

  • Apple’s Global Web of R&D Labs Doubles as Poaching Operation

    Nothing unusual about that for a company that spends $11 billion a year on R&D. Look a little closer, however, and you’ll notice that many of these labs are located near companies with a strong record in mapping, augmented reality and other areas Apple is pushing into. In several cases, these companies lost employees to Apple not long after the iPhone maker came to town. Apple spokeswoman Trudy Muller declined to comment.

    https://www.bloomberg.com/news/articles/2017-09-21/apple-s-global-web-of-r-d-labs-doubles-as-poaching-operation

  • Larry Ellison loves to rail against Amazon but this analyst says Microsoft is the real enemy

    “Microsoft is their big competitor,” says Larry Carvalho, lead analyst on platform-as-a-service at IDC.

    Amazon may be a giant in the cloud world but Microsoft is a bigger threat to the types of big business customers that Oracle depends on.

    “Oracle is about two to three years behind Microsoft,” Carvalho tells Business Insider.

    http://www.businessinsider.com/microsoft-is-oracle-real-competitor-not-amazon-2017-10

  • AOL Instant Messenger to Sign Off

    AIM’s fate follows the path of other older messaging platforms that have shut down in recent years including MSN Messenger in 2014 and Yahoo Messenger last year.

    The move also offers reminder on how AOL, formerly called America Online, has struggled to turn its early internet dominance into leading the next generation of internet services. The chat platform grew from 13 million users in 1997 to 65.5 million users in 2000. It isn’t immediately clear how many users the platform has currently.

    https://www.wsj.com/articles/aol-instant-messenger-to-sign-off-1507301951
    Interesting timing due to last week’s podcast.

Security

Introducing a new section on the Supplier Report (sadly there are so many incidents, that it needs its own section)…

  • Whole Foods Discloses Data Breach

    The grocery-store chain, now part of Amazon.com Inc., AMZN said its restaurants and taprooms use a separate checkout system and information of its grocery shoppers weren’t affected. Amazon transactions were also not accessed in the breach, Whole Foods said in a statement on its website.

    https://www.wsj.com/articles/whole-foods-discloses-data-breach-1506636659

  • Microsoft CEO Satya Nadella: We will regret sacrificing privacy for national security

    Microsoft has been fighting the US government since 2014, when the justice department served the company with a subpoena for emails stored in Irish servers. Microsoft has refused, arguing that permission to access data stored abroad needs to be given by the overseas government.

    Nadella said tech companies understood the need for national security, but added: “If in that context we sacrifice our enduring value around privacy, then I think as a society we will regret it.”

    He called for a “new framework of laws”, which would account for the free flow of online information across national boundaries. He said current laws were created “for a different era.”

    http://www.businessinsider.com/microsoft-ceo-satya-nadella-regret-sacrificing-privacy-for-security-2017-9

  • Yahoo Triples Estimate of Breached Accounts to 3 Billion

    The figure, which Verizon said was based on new information, is three times the 1 billion accounts Yahoo said were affected when it first disclosed the breach in December 2016. The new disclosure, four months after Verizon completed its acquisition of Yahoo, shows that executives are still coming to grips with the extent of the security problem in what was already the largest hacking incident in history by number of user accounts.

    A spokesman for Oath, the Verizon unit that now includes Yahoo, said the company determined within the past week that the break-in was much worse than thought, after it received new information from outside the company. He declined to elaborate on that information. Compromised customer information included usernames, passwords, and in some cases telephone numbers and dates of birth, the spokesman said.

    https://www.wsj.com/articles/yahoo-triples-estimate-of-breached-accounts-to-3-billion-1507062804

Other

  • Out with the old, in with The New – outsourcing re-invented at Accenture?

    Outsourcing is rotating to The New…we are now selling more and more of those services based on automation, robotics, intelligent solutions based. We are re-inventing application services to differentiate. To some extent you can segregate the market between the players still trying to sell more harder of the legacy older classic IT, and [The New] players and we’re part of that camp. We are re-inventing this service by providing much more of the new technologies and new features to capture more growth, Our outsourcing business is double-digit and is very vibrant, [but] it’s because it does what [it does] to the New, and not because we’re trying to sell more of the legacy.

    http://diginomica.com/2017/09/29/old-new-outsourcing-re-invented-accenture/

  • I am just going to leave this one right here…
    Oracle’s board vows to fight gender pay request

    The board of directors at Redwood City-based enterprise software company Oracle says it plans to unanimously oppose a shareholder’s request for more data around gender pay equality at the company’s annual meeting in November.

    Arguing against the proposal in a regulatory filing Thursday, Oracle said 25 percent of its board members were female and that each of its 75 Oracle Women’s Leadership groups internally were led by women.

    Women make up 29 percent of Oracle’s global workforce, Pax World Mutual Funds says.

    “The business case for gender diversity is well-established; a growing body of evidence links greater board and managerial diversity with better company financial performance,” Pax World Mutual Funds wrote in its proposal. “…Research also shows that greater gender diversity brings increased innovation, better problem solving, stimulated group performance and enhanced company reputation.”

    https://www.bizjournals.com/sanjose/news/2017/09/29/oracle-gender-pay-gap-data-shareholder.html

  • Amazon Must Pay $300 Million in Back Taxes, EU Says

    The European Commission, the bloc’s antitrust regulator, ordered Luxembourg to recoup €250 million ($294 million) from Amazon. The sum, identified as unpaid taxes over an eight-year period, amounts to one of the largest-ever tax recoveries under EU state-aid rules.

    The EU said Luxembourg had granted the e-commerce giant illegal state aid in the form of a 2003 sweetheart tax deal, prolonged in 2011, that illegally lowered Amazon’s tax payments to the Grand Duchy to the disadvantage of the company’s rivals.

    https://www.wsj.com/articles/eu-orders-luxembourg-to-recoup-almost-300-million-from-amazon-1507109839

Photo: Meiying Ng

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Supplier Report: 6/16/2017

Flush with cash, SoftBank is starting to execute on their 300 year plan. Softbank took Boston Dynamics off of Google’s hands… if you are going to have a multi-century strategy, it makes sense to buy a robotics company.

Dell’s financials are down $1.5b as they pay off the massive debt incurred to buy EMC. Slack is taking in $500M of funding as AWS and Microsoft contemplate buying the company. Verizon has finally closed their acquisition of Yahoo, Marissa Mayer is officially gone.

Acquisitions

  • SoftBank to Buy Two Pioneers in Advanced Robots From Google Parent

    SoftBank Group Corp. said it would buy Boston Dynamics from Alphabet Inc. The company builds robots that can perform feats such as pirouetting and climbing stairs, highlighting the Japanese company’s long-term investment horizon.

    Price and other terms weren’t disclosed.

    The deal comes more than a year after the Google parent dissolved its robotics group and started seeking buyers for Boston Dynamics, the unit at the centerpiece of the program. People close to Alphabet have said the company decided to sell Boston Dynamics when it resisted developing a commercial product within the next several years.

    The deal also includes Schaft, a Japanese robotics maker that achieved fame by winning a challenge held by the U.S. Defense Advanced Research Projects Agency in 2013 for robots to perform rescue tasks.

    https://www.wsj.com/articles/softbank-to-buy-two-pioneers-in-advanced-robots-1496972870?mg=prod/accounts-wsj

  • PokitDok Acquires Pharmacy and Software Assets of Oration PBC

    PokitDok, an API platform to free, secure, and unify data has acquired the pharmacy and software assets of Oration PBC. The acquisition enables PokitDok to complete support for delivery of essential commercial pharmacy benefit data, via its APIs, so organizations, providers and consumers have tools to make better healthcare and treatment decisions. Financial terms of the acquisition were not disclosed.

    http://hitconsultant.net/2017/06/13/pokitdok-acquires-pharmacy-software-assets-oration-pbc/

Cloud

  • IBM will put connected car data to better use

    As cars get smarter, we’re going to have to deal with all of the information our daily drives create in a way we’ve never had to bother with before. Thankfully, IBM is offering to be the middleman that represents our vehicles in the confusing new world of automotive cloud telematics. The company has signed a deal with BMW that will see the BMW CarData platform connect to IBM’s Bluemix cloud. The idea is that IBM will host and analyze your information and then pass it to third parties — with your consent — when required.

    https://www.engadget.com/2017/06/14/ibm-bmw-connected-car-data/

  • Gartner’s IaaS Magic Quadrant includes Alibaba, IBM

    “The IBM Cloud experience is currently disjointed,” Gartner writes, noting that the company hasn’t updated its SoftLayer infrastructure since its purchase two years ago.

    https://seekingalpha.com/news/3273838-gartners-iaas-magic-quadrant-includes-alibaba-ibm

Datacenter

  • IBM and HPE’s Server Businesses Aren’t Just Pressured By the Cloud Anymore

    It also wasn’t too surprising that sales of servers designed by cloud giants and supplied by ODMs grew strongly following a Q4 lull, as the likes of Amazon and Facebook continued spending heavily on capex. IDC estimated sales of such servers, which it refers to as ODM Direct, grew 41.8% to $1.2 billion (10.4% of industry revenue). It added one unnamed cloud firm single-handedly accounted for over 10% of the 2.21 million servers shipped during the quarter.

    What was, surprising, though is that both firms reported Dell, the world’s second-biggest server vendor, saw meaningful sales growth in spite of the headwinds faced by peers. IDC estimated Dell’s server sales grew 4.7% to $2.37 billion, leading its market share to rise to 20.1% from 18.3% a year ago. By contrast, the firm had estimated Dell’s server sales were roughly flat in Q4. Gartner gave Dell a 19% Q1 share, up from 17.3%.

    http://realmoney.thestreet.com/articles/06/09/2017/ibm-and-hpes-server-businesses-arent-just-pressured-cloud-anymore

  • Dell slumps to $1.5bn operating loss in first quarter in new structure

    For its first quarter ending 5 May 2017, the Texas-based giant posted an operating loss of $1.5bn on revenues of $17.8bn. Dell is a private company, but still divulges its numbers, partly because it now owns VMware courtesy of its recent merger with EMC.

    Dell’s Client Solutions Group saw revenue rise six per cent year on year to $9.1bn and operating income hit $374m.

    https://www.channelnomics.eu/channelnomics-eu/news/3011688/dell-grows-but-profits-hit-by-component-cost-headwinds

Software/SaaS

Other

  • IBM’s Harriet Green named top 100 creative people for work with Watson

    “I don’t much believe in artificial intelligence,” says Harriet Green, who is one of the executives helping to run IBM’s AI platform. “I believe in augmented intelligence. With Watson, we can augment capabilities that clients already have.”

    “We have reached a tipping point with IoT innovation,” Green said.

    “IBM Watson IoT has more than 6,000 clients and partners around the world, many who are eager to “co-innovate,” she added. IBM is investing $3 billion to prepare Watson for IoT.

    This past February, Green helped IBM open its $200 million global headquarters in Munich, Germany. The center houses the Watson Internet of Things business. It is designed to drive collaboration and innovation with dozens of clients and partners in what IBM executives call “first-ever cognitive collaboratories.”

    http://www.healthcareitnews.com/news/ibms-harriet-green-named-top-100-creative-people-work-watson

  • Uber just pissed off dozens of longtime employees; now they’re gunning for management

    Earlier this week, at a staff meeting in San Francisco, Uber executives revealed to the company’s 12,000 employees that 20 of their colleagues had been fired and that 57 are still being probed over harassment, discrimination and inappropriate behavior, following a string of accusations that Uber had created a toxic workplace and allowed complaints to go unaddressed for years.

    Yesterday, Uber fired senior executive Eric Alexander after it was leaked to Recode that Alexander had obtained the medical records of an Uber passenger in India who was raped in 2014 by her driver.

    Recode also reported that Alexander had shared the woman’s file with Kalanick and his senior vice president, Emil Michael, and that the three men suspected the woman of working with Uber’s regional competitor in India, Ola, to hamper its chances of success there.

    https://techcrunch.com/2017/06/08/uber-just-pissed-off-dozens-of-longtime-employees-now-theyre-gunning-for-management/?ncid=rss

  • Verizon Seals $4.5 Billion Yahoo Purchase as Mayer Heads Out

    The companies officially closed the $4.5 billion agreement Tuesday, following Yahoo shareholder approval last week. Yahoo properties including Sports and Finance will become part of a new Verizon unit called Oath, which is home to brands like AOL, TechCrunch and the Huffington Post. Oath will be overseen by former AOL Chief Executive Officer Tim Armstrong, while Yahoo CEO Marissa Mayer, 42, is stepping down.

    https://www.bloomberg.com/news/articles/2017-06-13/verizon-seals-4-5-billion-yahoo-purchase-as-mayer-heads-out
    Verizon Launches New Ad and Content Unit as Yahoo Deal Closes

    Distribution will also be a factor: Soon, some of Oath’s content brands will be automatically available on the “decktop” of Verizon subscribers’ phones through its AppFlash app, for example. Verizon’s go90 mobile video app, will also become more integrated with Oath’s content properties. And entirely new mobile content brands are set to launch before the end of the year, created by Oath’s internal Factory unit.

    https://www.wsj.com/articles/verizon-launches-new-ad-and-content-unit-as-yahoo-deal-completes-1497362908

Photo: Alex Knight

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Supplier Report: 6/9/2017

This is starting to get repetitive… IBM had another rough week.

There are rumors that Facebook-owned Whatsapp is moving from their current IBM-hosted infrastructure to an in-house Facebook solution.  Lululemon is also considering moving away from IBM cloud due to a recent outage.

As always, it wasn’t all bad news, IBM did score a 10-year outsourcing deal with Lloyds and they introduced a new transistor type for 5nm silicon chips (there was an insane amount of coverage on this).

Google is betting big on AI, and it might backfire due to their “lack of enterprise focus”.  Meanwhile Verizon is finalizing their acquisition of Yahoo and is expected to reduce their workforce by 20%.

Acquisitions

Artificial Intelligence

  • Why Google is betting big on AI

    Google may not be the leader of cloud computing, but novel developments have spurred Sundar Pichai, the company’s CEO, to openly recognise this as an economic opportunity and possibly a challenge. The release of second generation cloud tensor processing units (TPU) is making cloud computing and machine learning faster and more efficient.

    Google’s TPUs deliver an open source machine learning framework allowing massive scaling and dissemination of applications through the cloud. This innovation will expedite the process of intake, normalization, model training and deployment by essentially using machine learning to automate algorithms. In effect, this is automating deep learning by using machine learning. Google is calling this creation AutoML, and it is the breakthrough of the company’s AI research group, Google Brain.

    http://www.cio.com/article/3198635/artificial-intelligence/why-google-is-betting-big-on-ai.html

  • Why Google might lose the enterprise AI wars

    Two major obstacles stand in Google’s way to cloud AI dominance: data gravity and lack of backwards compatibility. To illustrate the issue of data gravity, look no further than Amazon’s Snowball device. This chair-sized flash drive, capable of storing 80 TB of precious enterprise data, is physically shipped to a customer’s on-premise data centers to load petabytes of data and then shipped back to Amazon for upload to AWS servers. Ironically, manual transfer is significantly faster and cheaper for large data sets than any internet method. Enterprises with data-hungry AI applications will have an easier time running algorithms on-prem or on AWS and Azure, where their data already lives.

    http://www.cio.com/article/3200184/it-industry/why-google-might-lose-the-enterprise-ai-wars.html

Cloud

  • Lululemon CEO blames IBM for site outage, says it’s looking at other options

    Some of Lululemon’s sales happen via its website, which is hosted on IBM’s public cloud. The site went down midday on May 22 and came back online about 20 hours later.

    “I talked to Ginni [Rometty, IBM’s CEO]; our team was up 36 hours straight,” Potdevin told CNBC. “We’re not satisfied with what happened. We’re looking at our options.”

    Other public clouds include Amazon Web Services, Microsoft Azure and Alphabet’s Google Cloud Platform. Lululemon could also opt to set up its own data center infrastructure and reduce its dependency on third-party cloud-computing resources. IBM’s other cloud customers include Citi, the U.S. Interior Department, Macy’s and Whirlpool.

    http://www.cnbc.com/2017/06/02/lululemon-ceo-blames-ibm-for-site-outage.html

  • Facebook is planning to move WhatsApp off IBM’s public cloud, source says

    The WhatsApp move, which could begin later this year, would result in IBM losing a high profile customer for its public cloud. A source claims that WhatsApp has been one of IBM’s top five public cloud customers in terms of revenue, and was at one point spending $2 million a month with IBM. (IBM says WhatsApp is not currently one of its top five public cloud customers.)

    http://www.cnbc.com/2017/06/07/facebook-planning-to-move-whatsapp-off-ibms-public-cloud.html

  • Microsoft restructures cloud, data, AI organizations

    As part of a reorganization announced internally within the company on June 7th, Microsoft has chosen to restructure its cloud, data, and AI organizations. The changes reportedly take effect immediately and were reportedly announced by Scott Guthrie, and Harry Shum (via ZDNet.)

    Part of the changes include a new Cloud AI Platform organization, led by Corporate Vice President Joseph Sirosh. This division will be responsible for Azure Search, Azure Machine Learning, the Microsoft Bot Framework, R Server and the Algorithms and Data Science Solution team. Since Joseph Sirosh previously handled the Data Platform group at Microsoft, it now will be led by Corporate Vice President of Azure, Jason Zander, and be part of a new Azure + Data Platform Group.

    https://www.onmsft.com/news/microsoft-restructures-cloud-data-ai-organizations

Datacenter/Hardware

Other

  • Lloyds finally inks mega 10-year cloudy outsourcing deal with IBM

    Those talks concluded today, with Lloyds announcing to staff it has “signed one of the largest cloud transformation deals” within the financial sector. The shift to IBM’s private cloud will take three years.

    “Most colleagues working in Infrastructure Technology Services supporting these systems and delivering change will transition to IBM, with a number retained in Lloyds Banking Group to manage the relationship, service and governance of IBM,” said the memo.

    As a result, around 500 staff will transfer to IBM on 1 September 2017. Some 1,000 contractors who currently support Lloyds Banking Group will also move to support IBM.

    https://www.theregister.co.uk/2017/06/06/lloyds_confirms_ibm_cloudy_outsourcing/

  • Amazon Wins the Race to $1,000

    Soaring gains among tech and internet stocks have concerned some investors, particularly those who remember the dot-com bubble of the late 1990s. But others expect these stocks to continue to advance. Thomas Lee, a U.S. portfolio strategist at Fundstrat Global Advisors, on Friday forecast that Facebook, Amazon, Netflix Inc. and Alphabet—a group collectively known by the acronym FANG—could climb another 20% to 40% by the end of the year. These companies, he said, represent a dense concentration of earnings and sales growth that is hard to find elsewhere in the market.

    https://www.wsj.com/articles/amazon-wins-the-race-to-1-000-1496440170

  • As the merger is completed, layoffs of up to 1,000 jobs at the combined AOL and Yahoo are expected

    According to sources, layoffs are expected to take place across AOL and Yahoo that could number up to 1,000 jobs. That is less than 20 percent of the combined company, according to sources.

    This action is not unexpected, given that both companies have a lot of redundancies, including in human resources, finance, marketing and general administration.

    https://www.recode.net/2017/6/7/15759274/merger-completed-layoffs-combined-aol-yahoo-could-reach-1000

  • IBM Community College Partnerships Support Next-Gen IT Training

    The technology company will collaborate with the participating institutions on curriculum design for next-generation IT skills; offer community college students opportunities for internships and apprenticeships; and hire students for IBM careers. The partnership will include schools in or near Columbia, MO, Rocket Center, WV, Dubuque, IA, Boulder, CO, Poughkeepsie, NY, Raleigh, NC, Austin, TX, Dallas and Houston — areas which the company notes have traditionally been underserved by high-tech employers.

    https://campustechnology.com/articles/2017/06/07/ibm-community-college-partnerships-support-next-gen-it-training.aspx?admgarea=news

Photo: Dawid Zawiła

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