Amazon and Microsoft's dominance in UK cloud sector faces investigation

Italian authorities seize €121 million from Amazon for alleged tax fraud and worker exploitation

Investigations by the Milan prosecutor's office have uncovered an alleged illegal subcontracting scheme.

Amazon Reaches $2 Trillion in Stock Market Value

Amazon Reaches $2 Trillion , in Stock Market Value. On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. . Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. . Within the past year, Amazon's stock has gained 52%. Part of that gain can be attributed to investors' enthusiasm about the company's AI endeavors, NPR reports. . A big part of the valuation boost has been cloud and AI. Amazon is going to be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR. Amazon currently has a chatbot called Q, which businesses that use AWS have access to. . Amazon currently has a chatbot called Q, which businesses that use AWS have access to. . Amazon CEO Andy Jassy recently said that AI has rejuvenated the growth of AWS. The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue. Amazon recently invested in Anthropic, a California AI company, "to develop so-called foundation models that underpin generative AI systems," NPR reports. . Amazon also makes its own AI chips. The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia. . The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia. . The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia. . The other four U.S. companies that belong to the $2 trillion club are Google, Microsoft, Apple and Nvidia.

Amazon Prime Day 2024 Dates Announced

Amazon Prime Day 2024 , Dates Announced. This year, Amazon Prime Day will fall on July 16 and 17, Engadget reports. . It will begin at 3:01 a.m. ET on July 16. Thousands of deals on electronics, household items, fashion and more will be available to members only. . Historically, Amazon Prime Day has helped the retail giant to gain more subscribers, Engadget reports. . However, the price of a subscription has nearly doubled since 2005, when the service debuted. . At launch, a Prime subscription was $79. Now it will cost you $139. Although July's Prime Day has been Amazon's most significant shopping event for a while now. the company has also offered a "fall Prime Day" in recent years, Engadget reports. . It's likely that a similar event will return in the fall this year, but those dates have yet to be announced.

European Commission denies responsibility for massive Microsoft IT outage

Last week's outage caused thousands of flights to be delayed or cancelled, leaving passengers stranded at airports.

Microsoft estimates 8.5mln computers globally affected by Crowdstrike glitch

The glitch was caused by a corrupted update which caused computers running Windows to crash. That caused havoc across much of the world with flights unable to take off or land, some businesses unable to take card payments and hospitals having to cancel operations.

Global IT Outage: CrowdStrike Update Causes Widespread Disruption & BSOD Issues| Oneindia News

A global IT outage caused by a faulty CrowdStrike software update disrupted businesses worldwide on Friday. The glitch affected Microsoft Windows users, causing widespread system crashes known as the "Blue Screen of Death." Airlines, banks, and media outlets faced significant disruptions, with some airports resorting to handwritten boarding passes. CrowdStrike, a major cybersecurity provider serving many Fortune 500 companies, has deployed a fix but warns full recovery may take time. The incident has raised questions about over-reliance on single software providers and the importance of thorough quality checks before updates are released. #GlobalITOutage #CrowdStrikeGlitch #TechDisruption #CyberSecurityFail ~HT.97~PR.282~ED.102~

Microsoft outage grounds flights and disrupts airlines in US: Crazy Timelapse Shows Plane Traffic

Microsoft said that its cloud services outage in the Central US region was resolved after it led to the grounding and cancellation of several flights. Frontier Airlines, Allegiant and SunCountry reported outages that affected operations. Frontier said that it was in the process of resuming normal operations and that the ground stop had been lifted. #flightcancelledduetoitotage #flightdelayedinUS #microsoftotage #oneindia #oneindianews ~HT.178~ED.101~PR.274~GR.344~

Microsoft Global Outage Crisis:Software bug linked to Crowdstrike & Microsoft hits critical services

An update to software from global cyberscurity firm CrowdStrike appeared to be the trigger for Friday's massive computer systems outage, with computers running Microsoft Windows most affected, grounding flights in the United States, derailing television broadcasts in the UK and impacting telecommunications in Australia. #MicrosoftOutage #MicrosoftOutageNews #MicrosoftWindows #cybersecurityconcern #oneindia #oneindianews ~HT.178~ED.102~GR.344~