Tech


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Di Yao has outperformed 93% of his competitors by picking unknown stocks or big names the market doesn't understand. He details 3 of his favorite bets. (MSFT, SE, AMAT, PGTYX)

Putnam's Global Technology Fund has outperformed nearly all of its peers over the last five years. Di Yao, the fund's co-manager, said he and his partner have focused on companies that the market either doesn't understand or with which it's not familiar.  They've found some of their best bets overseas and among smaller companies in the US; but they've also placed some winning bets on some of the tech giants. Yao told Business Insider about 3 stocks he particularly likes in his portfolio — Micr...
Tags: Apple, Amazon, Facebook, Microsoft, China, Southeast Asia, US, Trends, Bloomberg, Intel, Taiwan, Sea, Alibaba, Tencent, Salesforce, Amazon Web Services


VCs says that these 24 companies are the top cloud infrastructure startups in a market dominated by Amazon, Microsoft, and Google (MSFT, AMZN, GOOG)

Business Insider asked venture capitalists — including from firms like Andreessen Horowitz and Kleiner Perkins— to name the top cloud infrastructure startups they expect to boom this year.  The VCs recommended 24 startups, from well-known companies like $12.4 billion Snowflake to lesser known up-and-comers. Find their choices below, as well as what each company does, and how much funding it's raised.  Visit Business Insider's homepage for more stories. The shift to remote work has created a s...
Tags: Apple, Google, Amazon, Facebook, Microsoft, Okta, Trends, Deloitte, Andreessen Horowitz, Api, Snowflake, HashiCorp, Devops, Amazon Web Services, EMC, Kleiner Perkins


Jeff Bezos' net worth just hit an all-time high. Here's how the richest person in the world makes and spends his $171 billion fortune.

Jeff Bezos, the wealthiest person alive, is now richer than he's ever been. Bezos pledged to spend $10 billion to fight climate change in February and promised $100 million to food banks in April. As Amazon's founder and CEO, Bezos was the first person in modern history to accumulate a fortune of over $100 billion — and he currently has a net worth of $171.6  billion, Bloomberg estimates. He spends his fortune on real estate across the US, a $65 million Gulfstream Jet, and his space exploratio...
Tags: Google, Amazon, Post, Elon Musk, Yahoo, La, US, America, Trends, Tesla, Bloomberg, Nasa, Earth, Washington Dc, Bill Gates, Beverly Hills


Amazon's lawsuit against a former exec is shining a spotlight on its use of noncompete agreements — a practice that critics say is unfair and will scare away talent (AMZN)

Amazon makes new corporate employees sign a noncompete agreement saying they won't work for competitors for 18 months after they leave the company. The agreements are controversial: Critics charge that with Amazon involved in everything from retail to cloud computing to shipping logistics, these agreements unfairly limit career options for anybody who leaves the company.  That controversy was renewed in June when it was revealed that Amazon filed a lawsuit against a former marketing vice presi...
Tags: Google, Amazon, Hollywood, Microsoft, California, Washington, Trends, Ireland, Aws, Quinn, Seattle, Oracle, Hall, Signal, Amazon Web Services, Farrell


These are the best strategies to cut cloud computing costs during the pandemic, according to experts (MSFT, AMZN, GOOG)

Companies looking to save money in the current environment of economic uncertainty should take a closer look at their cloud computing spending, experts told Business Insider. As much as 35 percent of cloud spending is wasted as companies pay for more cloud capacity than they use, according to one estimate.  Companies should evaluate whether they're paying for any unused resources, cautiously explore cloud provider discount programs, and build a process to continually assess cloud spending. Mak...
Tags: Google, Amazon, Microsoft, Trends, Signal, Vendors, Sap, Amazon Web Services, Riley, Microsoft Google, Flexera, Ashley Stewart, Wein, Weins, Rosalie Chan, Business Insider Google Cloud


Two ex-Amazon Web Services executives behind its serverless and blockchain teams just got $5.1 million to make it easier for customers to manage their data between clouds

On Wednesday, the startup Vendia announced that it raised $5.1 million in seed funding. The startup was founded by two notable ex-Amazon engineers: Tim Wagner, founder of serverless product AWS Lambda and later Coinbase VP of engineering; and Shruthi Rao, who headed blockchain technology at AWS. Each of them brought their respective expertise to Vendia to come up with a solution that uses both serverless and blockchain technology to bring together data from multiple clouds without needing to m...
Tags: Google, Amazon, Microsoft, America, Trends, Customers, United States, Aws, Coinbase, Amazon Web Services, Wagner, Rao, AWS Microsoft, Google Cloud, AWS Lambda, Serverless


How to get a $100,000-plus career in cloud computing without a college degree, from a guy who did it and now coaches others

Broadus Palmer flung himself into a high-paying career in cloud computing without a college degree and says anyone can do the same. His path to tech was a long and windy one which began in earnest by his expensive sneaker collecting hobby. He was using "sneaker bots" to help him buy and sell sneakers on the internet when he decided to learn more about how the bots worked. That led him to spend nearly a year self-studying a number of cloud certifications. He was turned down for all the jobs he ...
Tags: Google, Trends, Palmer, Amazon Web Services, BROADUS, Linux Academy, Broadus Palmer, Apple Tesla Amazon


Fund manager Di Yao has beaten most of his peers by picking unknown stocks or big names the market doesn't understand. Here are 3 of his favorite bets. (MSFT, SE, AMAT, PGTYX)

Putnam's Global Technology Fund has outperformed nearly all of its peers over the last five years. Di Yao, the fund's co-manager, said he and his partner have focused on companies that the market either doesn't understand or with which it's not familiar.  They've found some of their best bets overseas and among smaller companies in the US; but they've also placed some winning bets on some of the tech giants. Yao told Business Insider about 3 stocks he particularly likes in his portfolio — Micr...
Tags: Apple, Amazon, Facebook, Microsoft, China, Southeast Asia, US, Trends, Intel, Taiwan, Sea, Alibaba, Tencent, Salesforce, Amazon Web Services, Business Insider


The first rule of NoSQL DBaaS club is: You must talk about NoSQL DBaaS club. And Couchbase is in

Follows its customers into the cloud Couchbase's database-as-a-service product has hit general availability – although this is just on Amazon Web Services initially, with Microsoft Azure and Google Cloud Platform soon to follow.…
Tags: Google, Microsoft, Software, Amazon Web Services


Amazon Launches Space Push To Drive Cloud-Computing Growth

Amazon.com is boosting efforts to lure military and commercial space organizations as major users of its cloud-computing services, hoping to benefit from rising government spending and burgeoning private investment. From a report: The move by Amazon Web Services, the online retail giant's cloud-computing arm, comes during a multiyear surge in U.S. military and civilian agency spending on space projects, with NASA, the Pentagon and their largest contractors -- including Lockheed Martin -- benefit...
Tags: Amazon, Microsoft, White House, Tech, Nasa, Aws, Capitol Hill, Pentagon, Lockheed Martin, Air Force, Amazon Web Services, Space Force, Ms Carlson, Teresa Carlson, Clint Crosier


Amazon Web Services launches a dedicated aerospace and satellite business

Amazon Web Services (AWS) is upping its space industry game with a dedicated business unit called Aerospace and Satellite Solutions (as first reported by the WSJ) that’s focused on space projects, including from customers like NASA, the U.S. military, and private space players including Lockheed Martin and others. AWS has already served satellite and space industry customers, including with its AWS Ground Station offering, which provides satellite communication and data processing as a ser...
Tags: Amazon, TC, Cloud, Space, Microsoft, Defense, Tech, Department Of Defense, Nasa, Aws, Pentagon, Lockheed Martin, Air Force, Aerospace, Amazon Web Services, Amazon Web Services AWS


AWS Launches 'Amazon Honeycode', a No-Code App Building Service

"Amazon Web Services on Wednesday launched Amazon Honeycode, a fully-managed service that enables companies to build mobile and web applications without any programming," reports ZDNet: Customers can use the service to build apps that leverage an AWS-built database, such as a simple task-tracking application or a more complex project management app to manage multiple workflows. "Customers have told us that the need for custom applications far outstrips the capacity of developers to create them,...
Tags: Amazon, Tech, Customers, Salesforce, Amazon Web Services, Larry Augustin, Amazon Honeycode


Amazon wants to expand its customer base beyond developers with a new tool to build apps without code, but analysts say it faces fierce competition from Microsoft and Google (AMZN)

Amazon Web Services just launched Honeycode, a no-code tool that makes it easy for users to build apps from a spreadsheet without having to write code.  Analysts agree that this was a step AWS had to take to stay competitive as no-code and low-code tools are becoming key for cloud companies to have in their product portfolios, but it will face stiff competition from Microsoft, Google, and Salesforce, and even smaller vendors like Smartsheet or Mendix. AWS's core audience has long been more tec...
Tags: Google, Amazon, Microsoft, Trends, Gartner, Aws, Salesforce, Amazon Web Services, Bessemer, Newman, Wong, Lopez, Microsoft Google, Patrick Moorhead, Moor Insights Strategy, RA


Bessemer VCs expect massive exits for cloud startups in the coming year, as the average valuation for top companies has soared 58% over four years

Every fall for the last four years, Bessemer Venture Partners has published a Cloud 100 list of the top private cloud companies based on both quantitative and qualitative data. It's planning to publish the 2020 list this fall, but has shared data analysis from past lists with Business Insider, including that it has seen average valuations soar 58%.  The Bessemer team is expecting major IPOs and M&A exits from cloud startups in the coming year because of the increasing demand for cloud, which h...
Tags: Google, Microsoft, Trends, Plaid, Forbes magazine, Sap, Amazon Web Services, Bessemer Venture Partners, Qualtrics, Business Insider, Byron Deeter, Bessemer, Jpmorgan, Amazon Microsoft, BVP, Amazon Web Services Microsoft


Amazon is launching a new service for building apps even if you don't know how to code (AMZN)

Amazon is launching a new service called Honeycode that enables AWS customers to build apps for their business without any coding experience. It's designed for businesses that need apps for tasks like event scheduling and inventory management, and Slack is one of its first users. The service could give Amazon another leg up over rivals like Microsoft in the cloud services space.   Visit Business Insider's homepage for more stories. Amazon is launching a new service called Honeycode that makes...
Tags: Apple, Google, Amazon, Microsoft, Oregon, Trends, Gartner, Aws, Amazon Web Services, Smugmug, Honeycode


130 CIOs surveyed by JPMorgan say that nearly half of their cloud dollars are going to Microsoft, and they expect usage of AWS to drop slightly within the next three years (MSFT, AMZN)

JPMorgan surveyed 130 chief information officers, who said that Microsoft will be the most critical and indispensable vendor to their organization in the future. Those CIOs say that 48% of their cloud infrastructure spending currently goes to Microsoft, and that they expect that figure to rise slightly in the next three years. They also said that 35.7% of their cloud infrastructure spending goes to Amazon Web Services, but they expect usage to drop in the next three years. Visit Business Insid...
Tags: Google, Amazon, Microsoft, Trends, Aws, Coke, Amazon Web Services, Jpmorgan, Pepsi, Google Cloud, Microsoft Amazon Web Services


Companies plan to increase spending in 2020 with Microsoft, Amazon, and ServiceNow and cut budgets for IBM, Box, and Oracle, JPMorgan survey says (MSFT, AMZN, NOW, IBM, BOX, ORCL)

According to a JPMorgan survey of 130 CIOs of large businesses, CIOs expect to increase their spending in 2020 with Microsoft, Amazon Web Services, and ServiceNow. CIOs expect to decrease spending on services from IBM, Box, Oracle, and Dropbox, according to the survey. Right now about one-fifth of IT budgets are spent on cloud, but CIOs expect it to rise to 43.9% in five years. Visit Business Insider's homepage for more stories. Companies expect to spend more on Microsoft and Amazon's clouds ...
Tags: Google, Amazon, Microsoft, Trends, Aws, Ibm, Salesforce, Oracle, Amazon Web Services, Vmware, Servicenow, Forrester, Jpmorgan, Microsoft Amazon, Google Cloud, MSFT AMZN


Why AWS built a no-code tool

AWS today launched Amazon Honeycode, a no-code environment built around a spreadsheet-like interface that is a bit of a detour for Amazon’s cloud service. Typically, after all, AWS is all about giving developers all of the tools to build their applications — but they then have to put all of the pieces together. Honeycode, on the other hand, is meant to appeal to non-coders who want to build basic line-of-business applications. If you know how to work a spreadsheet and want to turn that into an a...
Tags: Amazon, Cloud, Enterprise, Microsoft, Tech, Developers, Aws, Amazon Web Services, Vaidyanathan, Augustin, Larry Augustin, No Code, Low-code, Amazon Honeycode, Honeycode, Meera Vaidyanathan


Meet the 15 Google execs who report to CEO Sundar Pichai and are leading the internet company's most critical businesses (GOOG, GOOGL)

Google's corporate structure has once again shifted, streamlining certain groups and assigning new titles and responsibilities to CEO Sundar Pichai's team of executives. Pichai's inner circle of direct reports are helping the Google chief steer the company through a challenging period marked by increasing regulatory scrutiny, employee unrest and a pandemic that threatens to cause the first revenue decline in Google history. Business Insider has identified the key direct reports along with thei...
Tags: Google, Microsoft, Youtube, Ebay, India, US, Trends, Bloomberg, Larry Page, Harvard University, Aol, Sergey Brin, World Health Organization, Starbucks, Susan Wojcicki, Ben Smith


Update: Amazon announces $2 billion Climate Pledge Fund

Update: This post has been updated to indicate that although Rodrigo Prudencio’s profile on LinkedIn stated, “I lead investments for Amazon’s $2B Climate Pledge Fund” the fund is led by Matt Peterson on Amazon’s corporate development team and and Kara Hurst, who leads the company’s sustainability team, according to an Amazon spokesperson. Prudencio deleted his original description of his role without comment. Amazon has announced its $2 billion Climate Pledge Fund to invest in sustainable tec...
Tags: Amazon, TC, Verizon, Microsoft, Climate Change, Berlin, Linkedin, Tech, Renewable Energy, ExxonMobil, Jeff Bezos, Amazon Web Services, TechCrunch, Infosys, Bezos, Matt Peterson


Amazon announces $2 billion Climate Pledge Fund led by longtime clean tech investor, Rodrigo Prudencio

Amazon has announced its $2 billion Climate Pledge Fund to invest in sustainable technologies and services that will help the company reach its commitment to be net-zero carbon in its operations by 2040. It’s a sizable commitment from a company that has been criticized for its contributions to carbon emissions in its own operations and the work that the company has done for some of the world’s largest polluters like ExxonMobil (through its Amazon Web Services business). It comes on the heels ...
Tags: Amazon, TC, Verizon, Microsoft, Climate Change, Berlin, Linkedin, Tech, Renewable Energy, ExxonMobil, Jeff Bezos, Amazon Web Services, TechCrunch, Infosys, Bezos, Rodrigo Prudencio


Amazon announces $2 billion Climate Pledge Fund led by longtime cleantech investor, Rodrigo Prudencio

Amazon has announced a $2 billion “Climate Pledge Fund” to invest in sustainable technologies and services that will help the company reach its commitment to be net zero carbon in its operations by 2040. It’s a sizable commitment from a company that has been criticized for its contributions to carbon emissions in its own operations and the work that the company has done for some of the world’s largest polluters like ExxonMobil (through its Amazon Web Services business). And it comes on the heels...
Tags: Amazon, TC, Verizon, Microsoft, Berlin, Linkedin, Tech, ExxonMobil, Terrapass, Jeff Bezos, Amazon Web Services, TechCrunch, Infosys, Bezos, Rodrigo Prudencio, Prudencio


Meet the 13 execs who left Amazon's 'CEO Factory' and went on to become power players at major enterprise companies like Twilio, Tableau, and Intel — including 3 sued over noncompete agreements (AMZN, CRM, DATA, INTC, SQ, TWLO)

Amazon has been described as America's "CEO factory," given how many former execs go on to run (or help manage) major companies.  Just look at Amazon Web Services, where alumni have gone on to become power players at companies like Tableau, Square, Intel, and Twilio. Business Insider compiled a list of notable former AWS employees who have become power players at other companies. 3 people on the list have been sued by AWS for allegedly violating their noncompete agreements — most recently, mar...
Tags: Google, Amazon, Microsoft, US, America, Trends, Linkedin, Bloomberg, Joe Biden, Intel, Ford, Square, Aws, Goldman Sachs, Evan Spiegel, Jeff Bezos


Amazon's new partnership with Slack is a 'testing ground' to get 'under the hood' and see whether it's a good fit for an acquisition, analyst says (AMZN, WORK)

Amazon's market-leading cloud business Amazon Web Services just announced a big partnership with business communications company Slack. Even before to the partnership, analysts suggested Amazon could buy a company like Slack or Zoom to replace its own unpopular chat app Chime and get in on the flood of customers forced to work remotely during the pandemic. Now, the partnership gives Amazon a chance to look under Slack's hood and see whether it would be a good fit for an acquisition, one promin...
Tags: Google, Amazon, Microsoft, Trends, Aws, Pentagon, Signal, Amazon Web Services, Google Cloud Platform, Annapurna Labs, Looker, Newman, Google Microsoft, AMZN, Daniel Newman, Business Insider Microsoft


Dating Apps Exposed 845GB of Explicit Photos, Chats, and More

Lily Hay Newman writes via Wired: Security researchers Noam Rotem and Ran Locar were scanning the open internet on May 24 when they stumbled upon a collection of publicly accessible Amazon Web Services "buckets." Each contained a trove of data from a different specialized dating app, including 3somes, Cougary, Gay Daddy Bear, Xpal, BBW Dating, Casualx, SugarD, Herpes Dating, and GHunt. In all, the researchers found 845 gigabytes and close to 2.5 million records, likely representing data from hun...
Tags: Tech, Amazon Web Services, Lily Hay Newman, Noam Rotem, Ran Locar


Oracle revenue falls as COVID-19 leads to a 'drop off in deals.' But Larry Ellison boasts of recent cloud wins against Amazon and Microsoft (ORCL)

Oracle beat Wall Street's profit estimates, but fell short on revenue, which the company attributed to the impact of COVID-19. "As the quarter progressed, we saw a drop off in deals, especially in industries, most affected by the pandemic," CEO Safra Catz told analysts on the company's earnings call. The stock slid about 4%.  But chairman and founder Larry Ellison touted the tech giant's in the cloud, pointing to major customer wins against rival Amazon, including video conferencing platforms ...
Tags: Google, Amazon, Microsoft, Azure, Trends, Larry Ellison, Aws, Ellison, Oracle, Amazon Web Services, Amazon Microsoft, Safra Catz, Rebecca Wettemann, Brent Thill, Microsoft ORCL, COVID


Microsoft employees have an internal joke about defecting to Amazon, and now Amazon Web Services is leasing a new engineering office about three miles from Microsoft's headquarters (AMZN, MSFT)

Amazon just announced plans to open an office just down the street from Microsoft's headquarters. The plans are significant as it's already so common for employees to switch between the companies that the scenario is included in a "Cards Against Humanity"-style game played internally at Microsoft team-building events. Meanwhile, competition for cloud talent is already fierce – and AWS hasn't announced any kind of hiring freeze, while both Google and Microsoft both have.  Amazon's new office wi...
Tags: Google, Amazon, Microsoft, Trends, Bellevue, Aws, Seattle, Signal, Amazon Web Services, Business Insider, Redmond, Redmond Washington, Amazon Web Services Microsoft, Ashley Stewart


Results from Facebook’s Deepfake Detection Challenge show how difficult it is to detect deepfake videos

The winning algorithm of Facebook’s Deepfake Detection Challenge was able to spot “challenging real world examples” of deepfakes with an unimpressive average accuracy of 65.18%, the company announced on June 12. In fact, none of the participants in the contest, which included leading experts from around the globe, could achieve an average precision rate of 70% on a private dataset that wasn’t shared with them earlier. Deepfake videos are highly convincing AI-generated videos of real people and e...
Tags: Travel, Google, Facebook, News, Microsoft, Artificial Intelligence, Machine Learning, Amazon Web Services, Facebook Facebook, Kaggle, Mike Schroepfer Facebook, Deepfake, Deepfakes, Rana Ayyub, Deepfake Detection Challenge, Selim Seferbekov


Where are all the robots?

Rajat Bhageria Contributor Share on Twitter Rajat Bhageria is founder and CEO of stealth robotics company Chef Robotics and is founder and managing partner at Prototype Capital. We were promised robots everywhere — fully autonomous robots that will drive our cars end-to-end, clean our dishes, drive our freight, make our food, pipette and do our lab work, write our legal documents, mow the lawn, balance our books and even clea...
Tags: Apple, Google, Facebook, Column, Hardware, US, Tech, Tesla, Intel, Artificial Intelligence, Colombia, Netflix, Bill Gates, SaaS, Nvidia, Ibm


Slack just committed $425 million to Amazon Web Services. Here's how much other companies like Zoom, Netflix, Snap, and Pinterest are spending with AWS or other cloud providers like Google and Oracle (AMZN, GOOG, MSFT)

Slack recently disclosed it made a minimum commitment to Amazon Web Services to spend $425 million in the next five years as the companies announced a new partnership. Cloud spending disclosures are relatively uncommon, but Business Insider dug through recent earnings reports and other securities filings to compile a list of companies that disclosed a minimum obligation to a provider like AWS, Google, or Oracle.  Below is a list of how much companies like Snap, Netflix, Zoom, Pinterest, and Ly...
Tags: Google, Amazon, Lyft, Pinterest, Microsoft, Trends, Netflix, Aws, Oracle, Signal, Amazon Web Services, Vmware, Datadog, Business Insider, Zoom, Andy Jassy



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