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Cloud

Oracle's $115 Million Privacy Settlement Faces Opposition

Oracle and the plaintiffs' lawyers who negotiated a $115 million privacy settlement with the tech giant are facing opposition as a US judge in California prepares to consider final approval of the proposed deal, reports Reuters. More than 25 objections have been filed against the settlement, which was announced

Strong AWS Growth Powers Amazon Results

Amazon, the latest of the "magnificent seven" tech giants to report quarterly earnings, has exceeded Wall Street expectations, driven by strong growth in its cloud computing business, reports The Guardian. Shares in the e-commerce giant rose in after-hours trading following the announcement of revenue of $158.9 billion,

HPE CEO Antonio Neri Confident in Juniper Acquisition, Sees AI Gains

Hewlett Packard Enterprise (HPE) CEO Antonio Neri confirmed in an interview with Yahoo Finance that the company's acquisition of Juniper Networks is expected to close within the next few weeks. The deal, valued at $5 billion, will create a $35 billion company with networking representing more than 15%

Snowflake Update: Challenges Ahead as AI Hype Cools and Buffett Exits

Snowflake's once-unstoppable momentum has hit a snag. While its core business remains strong, recent events have injected a dose of reality into its outlook. A high-profile data breach, a cooling AI hype cycle, and Warren Buffett's decision to exit his stake have all cast a shadow

MongoDB Eyes GenAI Growth

Plus: Lyft Shifts Gears, and Regulators Circle Temu and Shein SaaS & Infra | AI | Consumer | Venture SaaS & Infra MongoDB COO bullish on long-term GenAI potential despite macro headwinds While acknowledging the impact of macroeconomic conditions on consumption growth, MongoDB COO Michael Gordon expressed strong optimism regarding the long-term potential