Amazon recently announced an investment of $11 billion to expand its cloud and logistics operations in Germany. This move is seen as a significant boost to the e-commerce giant’s presence in the European market, as well as an opportunity to enhance its cloud computing services. The investment will focus on expanding Amazon Web Services (AWS) … Read more
Amazon.com Inc (NASDAQ: AMZN) recently unveiled plans to invest €10 billion ($10.75 billion) in Germany to capitalize on the increasing demand for cloud and logistics infrastructure. This investment includes €8.8 billion in cloud infrastructure for AWS Europe by 2026, creating 4,000 jobs in three new logistics centers. Amazon is also considering investing in data centers … Read more
Amazon has announced a significant €10 billion ($10.75 billion) investment in Germany to enhance its cloud infrastructure and logistics network. The majority of this investment, totaling €8.8 billion, will be focused on improving Amazon Web Services (AWS) cloud infrastructure by 2026. Specifically, Amazon plans to expand its AWS Europe (Frankfurt) region to meet the increasing … Read more
Vingcard, a company under ASSA ABLOY, has released Mobile Access, a technology that offers hotel key compatibility with Google Wallet. This collaboration with NXP Semiconductors prioritizes security while providing easy and fast room access for hotel guests. Guests can access their room key through a link in their check-in email, eliminating the need to download … Read more
Cisco has recently announced the establishment of a $1 billion fund dedicated to investing in artificial intelligence (AI) startups. This move marks the tech giant’s entry into the thriving AI market, as it aims to fuel the growth of innovative AI technologies and solutions. The fund, named the Cisco AI Fund, is designed to support … Read more
Cisco Investments, the global corporate venture investment arm of Cisco, has launched a $1 billion AI investment fund to support the development of innovative AI solutions. The fund aims to strengthen the startup ecosystem and improve customer readiness for AI. Cisco has already committed nearly $200 million to investments in companies such as Cohere, Mistral … Read more
This morning, Andy Jassy, Adam Selipsky, and Matt Garman shared messages with their teams. Adam Selipsky, who led AWS for three years, will now move on to his next challenge, and Matt Garman will take over as CEO. Adam joined AWS in 2005 and returned to lead the business after being CEO of Tableau. Under … Read more
The latest version of OpenSearch, 2.13, is now available on Amazon OpenSearch Service. This update brings improvements to search performance and resiliency, as well as new features to support the development of AI-powered applications. One key enhancement is concurrent segment search, which enables users to query index segments in parallel at the shard level, resulting … Read more
Citrix has announced a major shift in its Cirix Service Provider program pricing, with a focus on long-term partners rather than monthly subscriptions. The change, set to take effect from September 1, 2024, will see a significant price increase, doubling the current cost of subscriptions. The company aims to attract partners who commit to long-term … Read more
Cisco Investments, the corporate venture investment arm of Cisco, has announced the launch of a $1 billion AI investment fund to support the startup ecosystem and enhance the development of secure AI solutions. The fund has already allocated nearly $200 million to companies like Cohere, Mistral AI, and Scale AI, with a focus on improving … Read more