BEAMSTART Logo
Receive $25,000 in member benefits

The cloud computing giants are vying to protect their fat profits

The Economist LogoThe Economist1 mo ago

The cloud computing giants are vying to protect their fat profits - The Economist

Quick Summary:

Customers, increasingly irked by sky-high bills, are opting for more than one cloud service for fear of lock-in.“It’s not a winner-take-all market,” says an executive at a big cloud provider.

The deal, first announced in November, came weeks after Alphabet, Google’s parent company, unveiled a similar tie-up between gcp, its cloud offering, and cme, one of the world’s biggest derivatives exchanges.

These new ml capabilities, delivered by the cloud at lower prices and combined with more data, greatly expand the upper bound of the cloud-computing market, notes Keith Weiss of Morgan Stanley.


More Pictures

The cloud computing giants are vying to protect their fat profits - The Economist (Picture 1)

or

Article Details

Category: EconomyFinance

Topics: Cloud Customers Azure Providers Microsoft Services Margins Software Market Tech Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-29, 17:06:06

News Timezone: GMT -5:00

News Source URL: economist.com

Language: English

Readers: 76 people read this story

Reading Time: 10 minutes read

Article Length: 1686 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 179764

View Article Analysis

About The Economist

The Economist Logo

Main Topics: EconomyFinance

Official Website: economist.com

Update Frequency: 2 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 16h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #36

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.