Microsoft is trying to get Alphabet, Oracle and other tech companies to join it in lobbying the federal government to choose more than one cloud provider for major cloud computing contracts, reported The Wall Street Journal. The effort shows how Microsoft is trying to slow the momentum Amazon Web Services is gaining in the government cloud market, which includes winning a $10 billion deal to...
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Microsoft Recruits Alphabet, Oracle for Government Cloud Lobbying
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Breaking Up SVB Is Hard to Do
With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third...
Slack’s Sales Chief Departing Salesforce Next Month
Apple to Spend $1 Billion Per Year on Movies to Release in Theaters
TikTok CEO Stresses App’s Separation from China
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The Instant Oral History of the Silicon Valley Bank Collapse
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.
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