Sen. Kelly Loeffler, the former CEO of cryptocurrency firm Bakkt, sold more than $1 million in shares, and bought a stake in the work-from-home tech company Citrix, after sitting in on a January hearing on the impact that the coronavirus could have on the U.S., according to the Daily Beast. Congressional records also show that shares of Delta, Caterpillar, Merck, Aflac, Emerson Electric, and...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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