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Developing Cooperation between Amazon Web Services and the RA Government with a $5 Million Investment

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Developing Cooperation between Amazon Web Services and the RA Government with a Million Investment

During a recent press conference with RA Minister of High-Tech Industry Mkhitar Hayrapetyan, USAID Director Samantha Power announced a new funding of $5 million to enhance cooperation between Amazon Web Service and the RA government. Power praised Armenia’s commitment to digitalization, technology, and cybersecurity and emphasized that Amazon Web Service will assist Armenia in rapidly … Read more

USAID grants $5 million to enhance collaboration between Amazon Web Service and the Armenian Government

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USAID grants million to enhance collaboration between Amazon Web Service and the Armenian Government

USAID Administrator Samantha Power announced a new funding of $5 million to enhance cooperation between Amazon Web Services and the Government of Armenia. Power made the announcement during a joint statement with Mkhitar Hayrapetyan, the Minister of High-Tech Industry of Armenia. She highlighted the importance of technology in advancing Armenia’s sustainability and commended the Armenian … Read more

Nordea Investment Management AB holds $47.61 million in Intel Co. (NASDAQ: INTC) stocks

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Nordea Investment Management AB holds .61 million in Intel Co. (NASDAQ: INTC) stocks

Nordea Investment Management AB has reduced its stake in Intel Co. by 2.9% during the first quarter, selling 31,763 shares and bringing its total stake to 1,069,834 shares worth $47,608,000 according to the latest filing with the Securities and Exchange Commission. Other hedge funds and institutional investors have also made changes to their positions in … Read more

MarketBeat reports that BNP Paribas invests $1.20 million in International Business Machines Co.

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MarketBeat reports that BNP Paribas invests .20 million in International Business Machines Co.

BNP Paribas, one of the leading financial institutions, has recently made a significant investment of $1.2 billion in the renowned tech giant International Business Machines Co. (NYSE:IBM). This investment comes at a time when the market is showing signs of acceleration. IBM, a pioneer in the technology industry, has been a key player in driving … Read more

This week, traffic delays expected due to nearly 1 million pound Intel super load

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This week, traffic delays expected due to nearly 1 million pound Intel super load

An Intel super load, weighing nearly 1 million pounds, is expected to cause traffic delays in central Ohio as it makes its way to Intel’s Ohio One plant. The shipment is part of a series of oversized cargo movements overseen by the Ohio Department of Transportation, with previous deliveries made to Intel’s semiconductor plant construction … Read more

Brit Council provides Oracle with an additional £10 million for professional services following issues with ERP implementation

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Brit Council provides Oracle with an additional £10 million for professional services following issues with ERP implementation

Birmingham City Council, Europe’s largest local authority, has awarded Oracle a £10 million contract for additional professional services following a disastrous implementation of Oracle Fusion that led to the council’s bankruptcy last year. The total cost of the project could reach £131 million as the council plans to re-implement the software “off the shelf” after … Read more

Restaking Initiative by RedStone’s Blockchain Oracle Project Raises $15 Million in Funding

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Restaking Initiative by RedStone’s Blockchain Oracle Project Raises Million in Funding

RedStone, a blockchain oracle project, has recently announced that they will be expanding into the rapidly growing field of resttaking. This move comes after the company successfully raised $15 million in funding. Resttaking is a process in which users can earn rewards by holding and staking digital assets on a blockchain platform. This latest development … Read more

Services Australia’s spending on VMware licensing and support surpasses $94 million

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Services Australia’s spending on VMware licensing and support surpasses million

Services Australia has recently agreed to extend its licensing and support agreements with VMware for another three years at a cost of nearly $94 million. This new deal replaces two previous three-year contracts that were signed between 2021 and 2024, with the total value of the agreements being $78 million. The agency stated that the … Read more

Services Australia’s spending on VMware licensing and support hits $94 million

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Services Australia’s spending on VMware licensing and support surpasses million

Services Australia has announced that they will be spending close to $94 million on extending long-standing licensing and support agreements with VMware for another three years. This new agreement replaces two previous contracts signed between 2021 and 2024, valued at $78 million. Services Australia stated that this contract extension will provide continued software, support, and … Read more

Edward Machin writes about Oracle reaching a $200 million settlement in False Claims Act lawsuit

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Edward Machin writes about Oracle reaching a 0 million settlement in False Claims Act lawsuit

A former Oracle employee will be awarded $40 million for reporting his former company’s misconduct, resulting in the largest settlement ever under the False Claims Act related to a General Services Administration (GSA) contract. The False Claims Act allows private citizens to file lawsuits on behalf of the U.S. government and receive a portion of … Read more