Amazon.com wants to depose US President Donald Trump over the technology company’s losing bid for a US$10-billion military contract. The Pentagon awarded the cloud computing project to Microsoft in October.
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Concern about the cost of Amazon’s one-day delivery pledge lingered after a busy holiday period, holding the stock back while shares of rivals including Microsoft, Google and Apple all rallied. That abruptly changed on Thursday.
Intel gave bullish quarterly and full-year revenue forecasts, driven by a surge in demand for chips that power large cloud computing centres. The shares jumped as much as 7.8% in late trading.
Amazon.com claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to US$10-billion because US President Donald Trump viewed company founder Jeff Bezos as his “political enemy”.
US antitrust enforcers have broadened their scrutiny of Amazon.com beyond its retail operations to include its massive cloud computing business, according to people familiar with the matter.
Promoted | Today’s distributed environments are challenging previous notions of end-user computing and creating chaos for enterprise IT planners and administrators.
Amazon Web Services has developed a more powerful version of its own chips to power services for cloud computing customers in a major challenge to market leader Intel.
Amazon.com has given notice that it will file a lawsuit challenging the US defence department’s decision to award Microsoft a cloud computing contract valued at as much as $10-billion over a decade.
Amazon Web Services plans to invest more than R365-million in developing 100% black-owned small ICT businesses in South Africa as part of an “equity equivalence” programme.
Microsoft has won the sought-after Jedi cloud computing contract with the Pentagon, dealing a blow to the market leader, Amazon.com, which had been the front-runner.