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☆ Wall Street worries about revenue 'round-tripping,' after big AI deals by cloud giants including Amazon and Google
▼ + stars: | 2024-05-22 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

These days, this may happen when a big tech company invests in an AI startup, and then that startup buys cloud and AI services from the big tech company. These arrangements are called "round tripping" because the money invested comes right back in the form of cloud spending. When Amazon Web Services invested $4 billion in Anthropic, the AI startup agreed to use AWS as its "primary cloud provider." In recent years, cloud spending growth has slowed as some customers try to save money in the midst of a lackluster economy with high inflation. An Amazon spokesperson declined to say whether AWS revenue numbers include cloud spending by Anthropic or not.

Persons: —, what's, Rishi Jaluria, GCP, Jaluria Organizations: Service, Business, Amazon Web Services, Google, Microsoft, OpenAI, Oracle, RBC Capital, RBC, Amazon Locations: Anthropic

☆ Morgan Stanley urges higher quality corporate bonds as 2024 maturities approach
▼ + stars: | 2023-11-20 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 20 (Reuters) - Investment bank Morgan Stanley (MS.N) is recommending that corporate bond investors focus on higher quality investment-grade and high-yield bonds headed into next year, as a wave of maturities poses risk to more junk-rated companies. Morgan Stanley said it suspects the Federal Reserve has neared the end of its rate-hiking cycle, with a soft landing for the economy in the cards next year. As maturities hit next year, 15-20% of this ratings class is likely to see downgrades to CCC, according to Morgan Stanley. Downgrades will not be limited to junk issuers, Morgan Stanley added. On the leveraged loan front, Morgan Stanley said it expects a return in loan issuance next year for M&A and leveraged buyouts, buoyed in part by anticipated Fed rate cuts.

Persons: Brendan McDermid, Morgan Stanley, maturities, Downgrades, Matt Tracy, Stephen Coates Organizations: Wall, REUTERS, Investment, Federal Reserve, BBB, Thomson Locations: New York, U.S

☆ Alphabet's stock is having its worst day in a year after cloud revenue missed estimates
▼ + stars: | 2023-10-25 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

Alphabet shares fell the most in a year on Wednesday after revenue in the company's Google Cloud unit trailed analyst estimates. Its cloud miss was a stark contrast to Microsoft's earnings, which showed accelerating growth in the company's Intelligent Cloud business. Google posted cloud revenue of $8.41 billion, compared to Street Account estimates of $8.64 billion. "The disappointment at Google Cloud contrasted with better-than-expected Azure growth at Microsoft," UBS analysts said. Jefferies analysts noted Google Cloud grew 22%, slower than the 28% growth the company posted in the second quarter.

Persons: It's, Ruth Porat, MSFT, Jefferies, Jennifer Elias, Michael Bloom Organizations: Google, Microsoft, UBS, CNBC

☆ Here's what all the major analysts are saying about Alphabet before earnings
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Wall Street is optimistic ahead of Google 's quarterly earnings announcement Tuesday as the tech giant's advertising revenue growth shows signs of recovery. Analyst Ronald Josey estimates search revenue growth gained 11.3% year-over-year, versus the consensus projection of 9.6%. Bank of America sees search growth accelerating Bank of America also maintained its buy rating and $146 price target. We expect disruption with the format change, which will likely drive headwinds to medium-term search growth. Competitors are likely to bid aggressively for Google's search distribution partnerships, driving profitability lower.

Persons: Doug Anmuth, he's, Ronald Josey, Max, Jefferies, Brent Thill, Michael Bloom Organizations: Google, YouTube, Deutsche, JPMorgan, Citi, 3Q, Bank of America, of America, 2H, 12.1x Locations: Monday's, Wells

☆ Why Amazon's $4 billion AI startup bet has 'predator moves' against Microsoft and Google written all over it
▼ + stars: | 2023-09-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Amazon plans to invest $4 billion in AI startup Anthropic, the firm announced Monday. The move gives Amazon a stake in a foundational AI company to compete with Microsoft and Google. Conor Grennan, dean of students and head of generative AI at NYU Stern, wrote in a LinkedIn post that "this Anthropic deal has predator moves against Microsoft and Google written all over it." Google invested $300M months ago & Anthrophic should have used GCP as their preferred cloud provider. Instead:"Anthropic selects AWS as its primary cloud provider."

Persons: Anthropic, Claude, —, OpenAI, Conor Grennan, Grennan, Gergely Orosz, GCP, NYU Stern's Grennan Organizations: Amazon, Microsoft, Google, Service, NYU Stern, Nvidia, Alexa, GCP, NYU, AWS Locations: Anthropic, OpenAI

☆ Oracle buddies up with Microsoft. Plus our take on Salesforce and Meta news
▼ + stars: | 2023-09-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

A new partnership between Microsoft (MSFT) and Oracle (ORCL) has the potential to benefit both Club holdings in the competitive cloud-computing landscape. Oracle, a database pioneer with more than 40 years of history operating in the market, had existing offerings geared toward Azure customers . Wall Street analysts were generally upbeat on the implications for Microsoft and Oracle, which joined the Club's portfolio a month ago. Analysts at Bernstein downplayed concerns that the deeper partnership with Microsoft will hurt Oracle's fast-growing cloud-computing service, known as Oracle Cloud Infrastructure. "This partnership also lowers the potential risk of Microsoft trying to target Oracle database customers to move off Oracle.

Persons: —, Satya Nadella, Larry Ellison, Bernstein, prem workloads, Ellison, Oracle's, Salesforce, Brian Millham, Marc Benioff, Will Cathcart, there's, Mark Zuckerberg, Jim Cramer, WhatsApp, Susan Li, Jim Cramer's, Jim, Justin Sullivan Organizations: Microsoft, Oracle, Oracle Autonomous Database, Wall Street, Barclays, Deutsche Bank, Web Services, Oracle Cloud Infrastructure, Companies, Bloomberg, Financial Times, Meta Platforms, Meta, Facebook, CNBC Locations: Salesforce, San Francisco, Redwood Shores , California

☆ This mega-cap tech hitting a 52-week high is proving to be the next big AI play after Nvidia
▼ + stars: | 2023-08-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet shares hit a 52-week high Tuesday after showcasing its AI and machine learning capabilities at its annual Cloud Next event. Bank of America's Justin Post said the search company was "flexing its AI muscle," adding that its AI capabilities are a major customer selling point and should be a positive driver for the stock. Along with the hardware updates, Alphabet revealed pricing for a suite of AI-powered tools for enterprise customers. At $30 a month, Citi's Ronald Josey called the contribution "material over time," and said the event should mitigate any "remaining overhangs" on Google's Cloud AI capabilities. Correction: Google shares recently hit a 52-week high.

Persons: Morgan Stanley, Brian Nowak, Nowak isn't, Bank of America's Justin Post, Citi's Ronald Josey, Justin Patterson, Doug Anmuth Organizations: Nvidia, Microsoft, Bank of America's, KeyBanc Capital, Google

☆ Wall Street analysts cheer Alphabet earnings, see more gains ahead for tech giant
▼ + stars: | 2023-07-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Google-parent Alphabet posted strong second-quarter numbers that had many Wall Street analysts gushing. Goldman Sachs analyst Eric Sheridan reaffirmed a buy rating on Alphabet stock, with his $152 price target implying more than 24% upside. Citi's Ronald Josey maintained a buy rating on with a higher $153 price target, which amounts to more than 25% upside for Alphabet stock. "As revenue growth reaccelerates on an improving online advertising environment and management's greater focus on operating efficiencies, we look for margins to expand going forward as revenue growth consistently outpaces opex growth," Josey said. Wells Fargo analyst Ken Gawrelski reiterated an equal weight rating on Alphabet stock on Wednesday, although with an increased $121 per share price target.

Persons: Morgan Stanley's Brian Nowak, Nowak, Bard, OpenAI, Goldman Sachs, Eric Sheridan, Sheridan, Bank of America's Justin Post, Citi's Ronald Josey, Josey, Wells, Ken Gawrelski, Michael Bloom Organizations: Google, Refinitiv, GOOGL, Microsoft, Bank of America's, Citi, Google Cloud Services, DOJ

☆ Microsoft is developing cutting-edge AI chips to 'close the gap' with AWS, internal documents show
▼ + stars: | 2023-06-30 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Microsoft is betting on making its own AI chips for long-term growth, new internal documents show. Cloud market leader AWS is lagging behind Microsoft in AI efforts. Microsoft is betting on developing its own silicon chips to drive long-term growth for its cloud business, newly-released internal strategy documents confirm. It hopes the chip will outperform the ones it buys from vendors to save money on its high-cost AI efforts. Wall Street was less impressed by the AI efforts AWS touted on its earnings call a few days later.

Persons: We're, Satya Nadella, Bernstein, Ellen Thomas Organizations: Microsoft, FTC, Activision Blizzard, AWS, Federal Trade Commission, Companies, Apple, Google, Amazon Web Services

☆ Microsoft CEO Nadella said last year goal is to reach $500 billion in sales by 2030, court filing shows
▼ + stars: | 2023-06-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella told fellow executives and board members last year that the software company aims to reach $500 billion in revenue by the 2030 fiscal year, more than doubling from its current size. Nadella described a goal of "20/20," involving 20% year-over-year revenue growth and 20% operating income expansion for the 2022 fiscal year and subsequent years. For 2022, Microsoft wound up reaching 18% top-line growth to $198.27 billion in revenue, and 19% operating income growth. In the memo, Nadella used the phrase Microsoft Plus to describe products aimed at consumers. "Our priority is to maintain growth above the market rate to extend our lead over GCP and close the gap with AWS," Nadella wrote in the accompanying document.

Persons: Satya Nadella, Nadella, Kevin Simpson Organizations: Microsoft Corp, White, Microsoft, Activision Blizzard, Amazon Web Services, Google, LinkedIn, Federal Trade Commission, Activision, Apple Locations: Washington , DC

☆ First-ever livestream from Mars will beam back images from the red planet today. Watch it here.
▼ + stars: | 2023-06-02 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

The European Space Agency (ESA) plans to live stream images from Mars. The European Space Agency (ESA) will be attempting its first-ever live stream of images from Mars today, providing space fans with close-up view of the red planet. The agency will aim to beam back an image of the red planet every 50 seconds from its Mars Express satellite at 12 p.m. It achievement will be an engineering feat for ESA's Mars Express satellite, which was launched 20 years ago today and has been orbiting Mars for nearly as long. A composite of Mars Express images.

Persons: —, ESA's Jorge Hernández Bernal, EHU Organizations: European Space Agency, ESA, Service, Mars Express, Mars, ESA Mars Express, Flickr Locations: Mars, Berlin, EHU Bilbao

☆ Alphabet's quarter delivers but doesn't dazzle. The stock tells the story
▼ + stars: | 2023-04-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

As solid as this quarter was, a number of questions marks remain, including the costs and the economic backdrop. YouTube, though down to $6.7 billion, reported a smaller year-over-year decrease of 2.6%, than we saw in the prior quarter. It exited the quarter with $115 billion in cash, cash equivalents, and marketable securities on the balance sheet. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Google got a pandemic boost for its Workspace software but blew it, insiders say. Now it plans to attack Microsoft with a new push in AI.
▼ + stars: | 2023-03-14 | by ( Rosalie Chan | Hugh Langley | ) www.businessinsider.com time to read: +14 min

Google Cloud CEO Thomas Kurian spent much of his time at a partner meeting talking about Workspace, tweeted Tony Safoian, CEO of Google Cloud partner SADA Systems. "Around the globe, more than nine million paying organizations, and more than three billion users rely on Google Workspace for communication and collaboration. Other major customers like Deutsche Bank use Google Cloud for cloud infrastructure, but Microsoft Office for collaboration software. Forty-four percent of software procurers whose organization plans to or currently uses Microsoft's collaboration software also use Google Workspace, according to the 2022 Forrester study. While Google Cloud is still unprofitable, it has decreased losses to $480 million, down from $890 million last year.

☆ Wall Street trading firms aren't giving up on crypto just yet
▼ + stars: | 2023-02-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A bunch of high-profile Wall Street investors just piled into a startup that pledges to fix a major issue in the crypto industry. And while plenty of those bets blew up — the most spectacular of which was crypto exchange FTX — that hasn't stopped Wall Street. Click here to read more about a new crypto startup that's got backing from some of Wall Street's top trading firms. For a breakdown of all the key partnerships between Wall Street and cloud partners, check out our running list of more than 30 deals. Cheman Cheung left Wall Street after his father passed away to recover from a state of "mental chaos."

☆ Cloud leaders Amazon, Google and Microsoft show the once-booming market is cooling down
▼ + stars: | 2023-02-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Amazon , Microsoft and Alphabet , the three leaders in the market for cloud-based storage and servers, all reported deceleration in their respective businesses. On Thursday, Amazon Web Services and Google Cloud, which also includes Workplace productivity software, showed revenue for the fourth quarter that was below analysts' estimates. Google Cloud revenue growth slowed to 32% in the fourth quarter from almost 38% in the third period. Amazon , which pioneered the market over 15 years ago and maintains a commanding lead, said AWS revenue growth decelerated to 20% from 27%. "As we look ahead, we expect these optimization efforts will continue to be a headwind to AWS growth in at least the next couple of quarters," Olsavsky said.

☆ Here's how much money Google estimates Microsoft's cloud business is actually losing
▼ + stars: | 2022-12-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Google has for years been playing catch-up in the cloud infrastructure market, where it's seen in the industry as a distant third in the U.S., behind Amazon and Microsoft . The challenge for investors is that the three companies don't report cloud infrastructure metrics in a way that makes them easily comparable. The Azure and other cloud services metric also includes, among other things, enterprise mobility and security, or EMS, tools that can be sold separately. Google parent Alphabet, meanwhile, doesn't tell investors how much revenue or operating income the Google Cloud Platform, or GCP, generates. It only discloses those figures for what it calls Google Cloud, which includes subscriptions to Google Workspace collaboration software, as well as GCP, a direct Azure rival.

☆ China's CO2 emissions fall but policies still not aligned with long-term goals
▼ + stars: | 2022-11-21 | by ( David Stanway | ) www.reuters.com time to read: +3 min

SHANGHAI, Nov 21 (Reuters) - China's greenhouse gas emissions have been in decline since last year but could still be some way from their peak, with the country's policies still not fully aligned with long-term goals to limit temperature increases, a survey of Chinese experts said on Monday. Energy consumption, driven by heavy industrial economic growth, was still growing too fast to meet climate goals. Global climate talks ended on Sunday with a commitment to establish a fund to help the most vulnerable nations, but countries failed to reach a consensus on bringing global emissions to a peak by 2025. This month, an annual report by the Global Carbon Project (GBP) estimated that China's emissions would fall by 0.9% in 2022, raising hopes that they have already peaked. "Over the coming years we will see growth (in emissions) coming from China before we see stabilisation and eventually decline."

☆ Credit Suisse loses top executives Welter and McCarthy
▼ + stars: | 2022-09-27 | by ( Silke Koltrowitz | ) www.reuters.com time to read: +2 min

ZURICH, Sept 27 (Reuters) - Credit Suisse (CSGN.S) announced the departure of two senior executives, global co-head of banking Jens Welter and global head of global credit products Daniel McCarthy, in memos seen by Reuters, in a blow to the Swiss bank as it gets ready for a major restructuring. Shaken by a string of scandals and losses, Switzerland's second-largest bank is currently preparing a strategy review including a radical overhaul of its investment bank. read moreThe bank said that Welter, its global co-head of banking and EMEA co-head of investment banking and capital markets (IBCM), had decided to leave the bank. Rival Citigroup said in a Tuesday statement that Welter was joining it in December as co-head of EMEA Banking, Capital Markets and Advisory, after 27 years at Credit Suisse. Reuters reported last week that Credit Suisse is sounding out investors for fresh cash as it attempts an overhaul of its investment bank.

☆ Leaked documents show Google Cloud is betting big on Europe and Asia in what it sees as a $100 billion opportunity, saying if it doesn't it will 'face being left behind in half the world'
▼ + stars: | 2022-09-14 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +4 min

Google Cloud is betting big on Europe and Asia by rolling out "trusted partner cloud," or TPC. Google sees data sovereignty as a $100 billion market, calling TPC its "most important program." Leaked internal documents that Insider viewed show that Google Cloud sees an initiative called "trusted partner cloud," or TPC, as the linchpin of this strategy. In an internal FAQ dated August 9, Google Cloud estimates that data sovereignty is a $100 billion market. The documents Insider viewed, which were dated from June, show that Google Cloud plans to launch that European cloud service in different countries through 2023 and 2024.

☆ Când vaccinul rusesc va putea să intre oficial pe piața europeană și de ce depinde acest lucru
▼ + stars: | 2021-06-28 | by ( ) www.zdg.md time to read: +6 min

Fundația de Investiții Directe din Rusia, care a depus cererea la EMA, a calificat cele relatate de Reuters drept speculații. Ei cred ca în termen de două luni Sputnik V va primi undă verde în Europa. Înțelegem în ce stadiu este acum Sputnik și cum arată procesul de înregistrare a vaccinului. Poziția publică a EMA privind Sputnik V va fi exprimată după a doua etapă – evaluarea cererii de autorizare. În primul rând, este eficacitatea, care este dovedită în a treia etapă a studiilor clinice – de preferință cel puțin 50%.

Persons: Reuters, Johnson, OMS Organizations: Agenția Europeană, Sputnik, Europene, Moderna, Reuters, Organizația Mondială a Sănătății ( OMS, OMS Locations: Rusia, Europa, UE, Pfizer, Letonia, Croația, Grecia, Cipru, Estonia, Rusiei, AstraZeneca

☆ РФПИ сообщил о положительном отзыве ЕМА по результатам клинических испытаний “Спутника V”
▼ + stars: | 2021-06-17 | by ( Выжга Елена | ) aif.md time to read: +1 min

Европейское агентство лекарственных средств (EMA) представило позитивный отзыв по результатам клинических испытаний российской вакцины от коронавируса “Спутник V”, говорится в сообщении Российского фонда прямых инвестиций (РФПИ). – Все данные о клинических испытаниях “Спутника V” были предоставлены, инспекция GCP (good clinical practice, надлежащая клиническая практика) завершена и по ее результатам от Европейского агентства лекарственных средств (EMA, European Medicines Agency) был получен позитивный отзыв, – отмечается в сообщении. Информация о переносе ЕС одобрения российской вакцины не соответствует действительности, также подчеркнули в РФПИ. – Сроки получения “Спутником V” регистрации EMA стали объектом постоянных спекуляций со стороны прессы, ссылающейся на анонимные источники информации. Хотя принятие решения о сроках проведения процедуры является прерогативой EМА, команда “Спутника V” рассчитывает на получение вакциной регистрации в течение двух месяцев, – пояснили в РФПИ.

Organizations: European Medicines Agency, EMA, Европейское агентство лекарственных средств (), Российский фонд прямых инвестиций (РФПИ), Европейское агентство лекарственные средства (, ), РФПИ, Центр им. Гамалеи, ТАСС, МА, Спутник Locations: ЕС

„Aprobarea (vaccinului) Sputnik va fi întârziată probabil până în septembrie, poate chiar până la sfârşitul anului”, a spus oficialul, rămas sub protecţia anonimatului. Fondul de Investiţii Direct al Rusiei (RDIF), care comercializează vaccinul, a spus că analiza EMA este în grafic. Guvernul german condus de cancelarul Angela Merkel a avut discuţii pentru a cumpăra Sputnik V, dar a condiţionat orice achiziţie de aprobarea din partea EMA. Deranjate de campania lentă de imunizare, unele landuri, inclusiv Bavaria, şi-au exprimat interesul la începutul anului pentru a comanda Sputnik V, însă de atunci vaccinarea s-a accelerat. Slovacia a devenit în această lună a doua ţară din UE, după Ungaria, care a început imunizarea cu Sputnik V, în ciuda faptului că nu există o aprobare a UE.

Persons: Angela Merkel Organizations: Sputnik Locations: german, Rusia, Rusiei, Bavaria, Slovacia, UE, Ungaria

☆ Кто и как разработал первую вакцину от коронавируса, эффективность которой научно доказана. История немецких ученых с турецкими корнями
▼ + stars: | 2020-11-23 | by ( ) newsmaker.md time to read: +8 min

Вакцина с незапоминающимся названием BNT162b2, совместная разработка американского фармацевтического гиганта Pfizer и немецкого биотехнологического стартапа BioNTech, стала первой в мире вакциной против коронавируса, защитная эффективность которой была доказана в клинических испытаниях. Он подробно, доброжелательно, но несколько неуверенно отвечал на вопросы не слишком мотивированных журналистов о вакцине от коронавируса. Несколько раз пожаловался, что промежуточные результаты третьей стадии клинических исследований запаздывают и об эффективности вакцины судить невозможно — может быть, она и вовсе неэффективна. Та самая компания, создавшая первую вакцину, эффективность которой была доказана в клинических исследованиях. Кроме BioNTech Германию в вакцинной гонке представляет еще CureVac из Тюбингена, но ее разработка пока находится на II фазе испытаний.

Persons: Pfizer BioNTech, Pfizer —, BioNTech CureVac, CureVac, BioNTech, Угур Шахин, Озлем Тюречи, Шахин, Тюречи, Достоевский, Александр Гинцбург Organizations: BNT162b2, Pfizer, BioNTech Pfizer, —, Nasdaq, BioNTech Novartis, Spiegel, Медуза, Университетская клиника, Википедия, Кремниевая долина, Центр им. Гамалеи, Спутник Locations: Майнц, Майнца, Германия, Тюбинген, США, ЕС, Турция, Штабквартира, РейнландПфальц, Рейн, Висбаден, ГейдельбергомТолько, Ухани, Марбург, Гейдельберг

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