Amazon Web Services Inc. has made a significant deal to construct data centers in Australia that will cater to the country’s defense and intelligence agencies. The project, known as TS Cloud, was announced in a press conference in Canberra and is estimated to cost A$2 billion over the next decade, creating up to 2,000 local … Read more
According to a report from Morgan Stanley, Oracle could potentially face a financial hit ranging from $370 million to $1.3 billion if the proposed ban on TikTok in the United States were to go through. The investment firm’s analysis suggests that Oracle’s potential revenue from hosting TikTok’s data and operations in the US could be … Read more
Morgan Stanley warned Oracle (NYSE: ORCL) of potential financial risks ranging from $370 million to $1.3 billion due to a law that could ban TikTok in the US if it does not divest from its Chinese parent company, ByteDance (BDNCE). Oracle, a major cloud infrastructure provider for TikTok, could see a hit to its revenue … Read more