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☆ Exclusive: Google pushes for antitrust action against Microsoft in UK cloud market
▼ + stars: | 2023-11-30 | by ( Martin Coulter | ) www.reuters.com time to read: +4 min

In 2022, Amazon Web Services (AWS) and Microsoft's Azure had a combined 70-80% share of Britain's public cloud infrastructure services market, Ofcom said. Such practices directly harmed customers, and were the only significant barrier to competition in Britain’s cloud computing market, the company said. "A lot of our software and cloud services interoperate, and can run on AWS or on Azure as well, so you're not restricted," he said. "If you don't fix this, eventually you will have fewer cloud providers, and then innovation will not really happen, and investments will start shrinking." Asked why Amazon, which boasts a larger share of the cloud market than Microsoft, did not pose a similarly anticompetitive risk, Zavery said AWS consumers were not facing the same restrictions.

Persons: Arnd, Amit Zavery, Microsoft’s, Zavery, ”, Martin Coulter, Jeffrey Dastin, Kenneth Li Organizations: REUTERS, Microsoft, Reuters, European Union, CMA, Markets Authority, Ofcom, Amazon Web Services, Google, Google Cloud, Thomson Locations: Zurich, Switzerland, Britain, London, New York

☆ Snowflake sees product revenue above estimates on AI-driven demand
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 29 (Reuters) - Snowflake (SNOW.N) forecast quarterly product revenue above estimates on Wednesday, as increasing adoption of artificial intelligence boosted demand for its data cloud offerings. Snowflake expects product revenue for the fourth quarter to be in the range of $716 million to $721 million, which is above analysts' average estimate of $700.3 million, according to data from LSEG. For the third quarter, the company's revenue rose 32% to $734.2 million, above estimates of $713.1 million. Product revenue, which is derived from the consumption of compute, storage, and data transfer resources, was above estimates at $698.5 million for the quarter ended Oct. 31. The company also raised its product revenue forecast for 2024 to $2.65 billion from $2.60 billion.

Persons: Brendan McDermid, Frank Slootman, Arsheeya, Maju Samuel Organizations: Snowflake Inc, New York Stock Exchange, REUTERS, LSEG, Gartner, Thomson Locations: New York, U.S, Bozeman , Montana, Bengaluru

☆ China's Alibaba shakes up cloud unit management after scrapping the division's IPO
▼ + stars: | 2023-11-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Alibaba will put a bigger emphasis on three business units within the cloud space — public cloud, hybrid cloud and cloud infrastructure. Weiguang Liu will lead the public cloud division, a person familiar with the matter who was not authorized to speak publicly on it told CNBC, while Jin Li will lead the hybrid cloud unit. Daniel Zhang stepped down from the CEO role in September, then quit as the head of the cloud business weeks later. "The cloud intelligence group will resolutely implement a strategy of driving growth with AI and of prioritizing public cloud. "In the future, incremental demand for cloud computing will be driven by demand for AI, and most AI computing will run in the cloud."

Persons: Alibaba, Weiguang Liu, Jin Li, Eddie Wu, Jiangwei Jiang, Jingren Zhou, Daniel Zhang, Wu Organizations: CNBC Locations: China

SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced it planned to move ahead with the deal after China joined the list of countries that had given a go-ahead for the acquisition. Broadcom is paying $61 billion in cash and stock for VMware and taking on $8 billion of its debt, making this one of the biggest technology deals ever. The European Commission, the EU’s executive arm and top antitrust enforcer, cleared the deal after Broadcom made concessions to address its concerns about competition. VMware, which is based in Palo Alto, California, has close relations with every major cloud company and provider, including Amazon, Google and Microsoft.

Persons: Hock Tan, Tan Organizations: JOSE, Broadcom, VMware, Microsoft, Activision, Administration of, European Commission, Amazon, Google, European Union, Symantec, CA Technologies, VMWare Locations: California, San Jose , California, China, Europe, Palo Alto , California, Australia, Brazil, Canada, Israel, Japan, South Africa, South Korea, Taiwan, United Kingdom

☆ Microsoft closes at all-time high on fresh OpenAI-related optimism
▼ + stars: | 2023-11-07 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft ended Tuesday's trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence. The major U.S. indices all posted gains for the day, with the S&P 500 notching its seventh-consecutive rise, while Microsoft delivered its eighth. At an event in San Francisco on Monday, Microsoft's strategic AI partner, OpenAI, announced a slew of updates, including price cuts and plans to allow people to make custom versions of the ChatGPT chatbot. Oppenheimer analysts, with the equivalent of a buy rating, said OpenAI's price updates confirm OpenAI's status as the category leader. Microsoft said in a regulatory filing in October that OpenAI is its "strategic partner" on AI.

Persons: OpenAI, Satya Nadella, Karl Keirstead, Oppenheimer, it's Organizations: Microsoft, OpenAI's, Windows, UBS, Amazon Web Services, Amazon Locations: U.S, San Francisco, OpenAI

☆ What you need to know about landing a tech job on Wall Street now, from the hottest roles to the most important skills
▼ + stars: | 2023-11-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Artificial intelligence is breathing new life into Wall Street's tech hiring scene. JPMorgan is hiring the most AI-related roles, with 239 job postings between January and October, according to the data. Plus, the qualities and skills finance firms demand are changing, with some companies prioritizing technologists with business acumen and understanding of financial markets. Here are the hottest positions finance firms want to hireThe AI boom is carving out new, specialized tech jobs on Wall Street. It's common among Wall Street firms to hold data in the cloud, with many are designing new applications where their data is .

Persons: It's, Wall, Goldman Sachs, Zac Maufe, execs, Banks, Jayson Bevacqua, Maufe, Ben Hodzic, Selby Jennings, Hodzic, they're Organizations: Deutsche Bank, Google, Revelio Labs, JPMorgan, Solaris Search, Google Cloud, Apollo, skillsets, Finance, Web Services, Microsoft, Citadel Securities, Millennium Management

☆ Microsoft releases big Windows 11 update with Copilot AI assistant included
▼ + stars: | 2023-10-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

Microsoft on Tuesday said it started rolling out the next major update to its Windows 11 PC operating system. Windows 11 now represents about 24% of desktop PCs, according to StatCounter data, while Windows 10, which will be supported until October 2025, controls almost 72% of the market. After that, Windows 11, which debuted in 2021, could become more popular. Copilot is probably the biggest part of this year's Windows 11 release. Here's a list of some of the other new features of the Windows 11 2023 Update, also known as 23H2:A virtual video editor.

Persons: OpenAI, Siri, Satya Nadella, It's, Clipchamp, You'll, Notepad Organizations: Microsoft, Windows, Bluetooth, BP, RBC, Adobe, Bing, Google Locations: Kantar, United Kingdom, India, OneDrive, North America, Asia, South America

☆ TSMC, Alibaba and more: Goldman reveals AI stocks in its 'conviction list' — giving one 105% upside
▼ + stars: | 2023-10-26 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Here are some of the other stocks in Goldman's conviction list. Aside from TSMC, Goldman's conviction list stocks in this category include Chinese tech giant Hon Hai Precision Industry and Japanese electronics manufacturing company Ibiden . AI-empowered names The bank's conviction list stocks in this category include Chinese machine industry player Envicool , Japanese video game publisher Bandai Namco Entertainment and industrial equipment company Keyence . Goldman has an 83,000 yen price target on Keyence, giving it an upside of 56.7%. Stocks that are both Goldman named Chinese tech giants Alibaba and Baidu as its conviction list stocks that are both in the business of enabling and empowering AI.

Persons: Goldman Sachs, Daiki Takayama, TSMC, Goldman, Hai —, Envicool, Alibaba, — CNBC's Michael Bloom, Sheila Chiang Organizations: Taiwanese Semiconductor Manufacturing Company, New, Companies, Precision Industry, Bandai Namco Entertainment, Bandai Namco, Baidu, Alibaba Locations: Asia, New Taiwan

☆ Amazon Web Services to launch European sovereign cloud
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

3D printed clouds and figurines are seen in front of the AWS (Amazon Web Service) cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSTOCKHOLM, Oct 25 (Reuters) - Amazon (AMZN.O) Web Services (AWS) said on Wednesday it will launch a sovereign cloud in Europe for government and customers in highly regulated industries. The sovereign cloud will store data on servers located in the European Union, and only EU-resident AWS employees will have control of the operations and provide support, the cloud-computing division of Amazon said in a statement. Microsoft (MSFT.O) and Oracle (ORCL.N) have also launched their cloud versions for European government customers. AWS will launch first in Germany and make its service available to all European customers.

Persons: Dado Ruvic, Supantha Mukherjee, Christopher Cushing Organizations: REUTERS, Rights, Services, European Union, Amazon, European, Microsoft, Oracle, Thomson Locations: Rights STOCKHOLM, Europe, European Union, Germany, Stockholm

☆ Amazon launches European 'sovereign' cloud as EU data debate rages
▼ + stars: | 2023-10-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Amazon Web Services European Sovereign Cloud will be located within Europe and will be separate to the U.S. technology giant's other cloud operations. As government agencies and critical businesses increasingly move their operations to public cloud operators, like Amazon or Microsoft , there is growing concern in the EU that data is being stored on the servers of non-European firms. Some cloud features may require data to be transferred to and from the EU. And there is a growing worry among businesses and lawmakers that this data could be accessed by entities outside of the EU. Amazon's sovereign cloud is likely an attempt to allay some of those fears.

Persons: Joan Cros Organizations: Web Services, Mobile, Nurphoto, Getty, Amazon Web Services, Sovereign, European Union, EU, Microsoft Locations: Amazon, Barcelona, Spain, Europe

☆ Microsoft profit pops 27% as Azure growth accelerates
▼ + stars: | 2023-10-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft Microsoft shares jumped as much as 5% in extended trading on Tuesday after the software maker issued fiscal first-quarter results that beat Wall Street estimates. Here's how the company did:Earnings: $2.99 per share, vs. $2.65 per share as expected by LSEG, formerly known as Refinitiv. Microsoft doesn't disclose Azure revenue in dollars. At constant currency, Azure revenue rose 28%, accelerating from 27% in the fiscal fourth quarter. That was up 3% and higher than the $12.85 billion StreetAccount consensus.

Persons: Satya Nadella, StreetAccount Organizations: Microsoft, Washington , D.C, Microsoft Microsoft, Wall, LSEG, Revenue, CNBC, Bing Locations: Washington ,

☆ How options traders are setting up for the major tech earnings this week
▼ + stars: | 2023-10-23 | by ( Michael Khouw | ) www.cnbc.com time to read: +15 min

Big Tech earnings This week is less about reading between the lines/through results, and contextualizing management comments, but rather it's about the market itself. AI - AI - AI! The options market is implying an earnings related move of 4.7%. Our options market sentiment score for GOOG/GOOGL is 80th percentile - which one may think of like a score/grade, so a B- in terms of options sentiment. Call open interest is 15% higher than put open interest, our options market sentiment score is 83% so B/B- territory.

Persons: ChatGPT, Bing, it's, AMZN, Mark Zuckerberg's, Zuckerberg, one's Organizations: Cambridge, JPMorgan Chase, Citigroup, Bank of America, BlackRock, Goldman, Equity, Big Tech, Microsoft, Apple, Nvidia, Inc, Investors, YouTube, Amazon, Google, Gaming, Activision, Logistics, Federal Express, CNBC, ExxonMobil, Chevron, Visa, Mastercard, Merck, Co Locations: financials, Wells Fargo

☆ Citadel Securities is looking for business-savvy coders. Here's what you need to know to land a technologist job that can pay as much as $350,000.
▼ + stars: | 2023-10-19 | by ( Bianca Chan | ) www.businessinsider.com time to read: +7 min

Being a solid coder isn't going to cut it at Citadel Securities anymore. Citadel Securities, which generated about $7.5 billion in revenue last year, is now focused on hiring thoughtful technologists who drive commercial outcomes for the firm. We're looking for people who can drive a big commercial impact for the firm," Aaron Moss, head of technology recruiting for Citadel Securities, told Insider. In one recent case, Citadel Securities extended an offer to a promising young intern, even though the hiring manager had been looking for a more experienced hire. "The industry is getting very high level with things like AI, which push people even further away from that understanding," Neff told Insider.

Persons: Ken Griffin, Aaron Moss, Josh Woods, It's, Olga Naumovich, Jayson Bevacqua, opportunistically, Damien Neff, it's, Neff, Costas Bekas, extroverts, Bekas, didn't, Moss Organizations: Citadel Securities, Citadel, Solaris Search, LinkedIn Locations: Miami

Ofcom said it had identified features that made it more difficult for UK businesses to use multiple cloud suppliers. Amazon Web Services (AWS) and Microsoft had a combined 70-80% share of Britain's public cloud infrastructure services market in 2022, Ofcom said. Microsoft said it was committed to ensuring the UK cloud industry remained innovative and highly competitive. The CMA welcomed the move, saying effective competition in the 7.5 billion pound ($9.1 billion) UK market was essential. Google Vice President Amit Zavery said Ofcom's referral demonstrated the need to create an open cloud market with no vendor lock-in.

Persons: Dan Ridsdale, Edison, Dado Ruvic, Fergal Farragher, Amit Zavery, Yadarisa, Paul Sandle, Foo Yun Chee, Mark Potter, Jan Harvey, Jacqueline Wong, Jane Merriman Organizations: CMA, Microsoft, Ofcom, Amazon Web Services, Google, U.S . Federal Trade Commission, Markets, REUTERS, Cloud Infrastructure Services, Amazon, MICROSOFT, Activision Blizzard, Reuters, Thomson Locations: Britain, France, Japan, The Netherlands, South Korea, China, EU, Europe, Bengaluru, London, Brussels

Ofcom said it had identified features that made it more difficult for UK businesses to use multiple cloud suppliers. Amazon Web Services (AWS) and Microsoft had a combined 70-80% share of Britain's public cloud infrastructure services market in 2022, Ofcom said. Microsoft said it was committed to ensuring the UK cloud industry remained innovative and highly competitive. UK businesses told Ofcom they were concerned it was too difficult to switch or mix and match cloud providers. Google vice president Amit Zavery said Ofcom's referral demonstrated the need to create an open cloud market with no vendor lock-in.

Persons: Dado Ruvic, Ofcom, Fergal Farragher, Amit Zavery, Yadarisa, Paul Sandle, Lincoln, Susan Fenton, Mark Potter, Jan Harvey Organizations: REUTERS, CMA, Ofcom, Microsoft, Amazon Web Services, Google, Markets, AWS, Reuters, Thomson Locations: Bengaluru, London

☆ Microsoft, Amazon facing UK antitrust probe over cloud serivces
▼ + stars: | 2023-10-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Microsoft and Amazon could be in hot water over apparently making it difficult for UK customers to use multiple suppliers of vital cloud services. The Competition and Markets Authority (CMA), the country’s antitrust regulator, said Thursday it was launching an investigation into the UK cloud infrastructure services market to determine whether players were engaged in anti-competitive practices. This “cloud infrastructure” forms the foundation for how software applications, such as Gmail and Dropbox, are developed and run. According to Ofcom, last year Microsoft and AWS had a combined market share of 70-80% in the UK cloud infrastructure services market. The report also raised concerns about the software licensing practices of some cloud providers, particularly Microsoft.

Persons: Sarah Cardell Organizations: London CNN, Microsoft, Markets Authority, Amazon Web Services, CMA, Ofcom, European Digital Services, Amazon, Apple, Google, Facebook, AWS Locations: United Kingdom

☆ More than 40% of labor force to be impacted by AI in three years, Morgan Stanley forecasts
▼ + stars: | 2023-10-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley. Today, Morgan Stanley pegs the AI impact at $2.1 trillion — affecting 25% of labor. The projections from Morgan Stanley come amid a stellar run for artificial intelligence-related stocks in 2023. Should generative AI adoption among enterprise workloads hit 20% over the next three year, it poses a $150 billion global enterprise spending opportunity, Morgan Stanley projects. An artificial intelligence sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.

Persons: Morgan Stanley, Brian Nowak, Nowak, Aly Song Organizations: TAM, Public Cloud, Artificial Intelligence Locations: Shanghai

☆ Here's why we like Broadcom so much, especially after Google shot down a damaging report
▼ + stars: | 2023-09-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

We started buying semiconductor giant Broadcom (AVGO) last month and added to our position a few times since it reported fiscal third-quarter results Aug. 31. Indeed, the Thursday morning sell-off in Broadcom, which was down 4.3% at its intraday lows, is an overreaction. While Broadcom's AI revenue is growth is growing incredibly fast, the rest of its semiconductor business is stabilizing after working through its post-Covid inventory gluts. In fact, with the additional of VMware, Broadcom's companywide revenues will be about half semiconductor and half software. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: CNBC's Kristina Partsinevelos, Jim Cramer, EBITDA, There's, buyback, Jim Cramer's, Jim, Justin Sullivan Organizations: Broadcom, Devices, Investment, Google, Club, Apple, Software, VMware, Nvidia, Texas, AMD, Intel, Marvell, CNBC Locations: San Jose , California

☆ Microsoft to sell AI assistant software to biggest clients starting Nov. 1
▼ + stars: | 2023-09-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft said Thursday that starting Nov. 1, large companies will be able to buy Microsoft 365 Copilot, its artificial intelligence supplement to core productivity apps such as Word and Excel. Microsoft 365 Copilot is one result of the company's close collaboration with San Francisco startup OpenAI, which became a household name after ChatGPT, OpenAI's chatbot, went viral last year. In March, Microsoft first revealed plans for Microsoft 365 Copilot. Microsoft 365 Copilot tools are now in preview with small businesses, Colette Stallbaumer, a general manager, said at Thursday's event. Turning Microsoft 365 Copilot into a big business might take time.

Persons: OpenAI's chatbot, underpins, Satya Nadella, Copilot, Colette Stallbaumer, Amy Hood, Hood, McNamee Organizations: Microsoft, San, Edge, Google Locations: San Francisco, New York, Bing

☆ 'Success disasters' have become a big problem in tech for companies and consumers
▼ + stars: | 2023-09-14 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

These technology failures during a major scaling event — dubbed success disasters — weren't alone. Ticketmaster's failure during their scaling event was just one kind of success disaster — the overburdening of the system's capacity. Success disasters may be common, but that doesn't make them acceptable, especially if a company is offering products or services considered essential. The right answer really depends on the starting point and what scaling events are anticipated. Even on a smaller (but still substantial) scale, Urban keeps this in mind to avoid her own success disaster.

Persons: Taylor, SeatGeek, clamoring, —, Spencer Kimball, Kimball, Masa Kabayama, Kabayama, Paula Urban Organizations: Ticketmaster, Labs, Google, Uplift Labs, MLB, NBA, Apple, Houston Livestock, Taylor Swift Locations: onboarding

☆ Oracle founder Larry Ellison makes first-ever trip to Microsoft headquarters for cloud announcement
▼ + stars: | 2023-09-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Larry Ellison, the co-founder, chairman and chief technology officer of Oracle , has been going up against Microsoft to in database software for more than 30 years. He has also had to deal with clients looking to connect their Oracle and Microsoft products. Putting the Oracle equipment in Azure data centers means that applications will be able to quickly access data from the databases. Nadella said the new collaboration might help companies more quickly move their workloads from their existing data centers to the public cloud. But Ellison controls 42% of Oracle's outstanding shares, while Gates owns just over 1% of Microsoft stock, according to FactSet.

Persons: Larry Ellison, Bill Gates, Monfils of, Alexander Zverev of, Satya Nadella, Ellison, It's, Nadella, haven't, Paul Allen, Gates, McNamee Organizations: Oracle, Microsoft Co, BNP, Microsoft, Bing, Sun Microsystems, Windows, U.S . Justice Department, Bloomberg, Partners Locations: Alexander Zverev of Germany, Indian Wells, Calif, Seattle, Redmond, Washington

☆ Deutsche Bank's chief innovation officer lifts the hood on the German bank's AI strategy as it hires hundreds and runs dozens of pilots
▼ + stars: | 2023-09-11 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Deutsche Bank is aggressively experimenting with AI capabilities to transform the bank. Then they cut to black before text came into focus to provide intel on Cymbal, a hypothetical corporate client of Deutsche Bank. Deutsche Bank is aiming to transform the business and work of banking. There's a lot of assumptions," Gil Perez, Deutsche Bank's chief innovation officer, told Insider. The bank will need to compete for in-demand AI tech talent, a market that is only set to heat up.

Persons: Gil Perez, Perez, Tamara Bitticks, Bitticks, There's Organizations: Deutsche Bank, DB, intel, Google, Deutsche, Bankers, Wall, genAI Locations: San Francisco, Washington

☆ Insider Today: IPOs' make-or-break moment
▼ + stars: | 2023-09-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Speaking of fighting, the IPO market has been KO'd since 2022. But that could change with one company's upcoming public debut. Even if it slightly misses those numbers, it'll still be the largest public debut in the US since Rivian's IPO in late 2021. The stock market recovered in record time, but then something else held up IPOs: VC money. Tech has already led the stock market for about a decade — starting when Apple became the biggest company in the world.

Persons: Mark Zuckerberg, Phil Rosen, IPOs, Andrew Burton, Brent, Gabe Ginsberg, Tony Avelar, Mustafa Suleyman, It'll, Arantza Pena Popo, Insider's Eliza Relman, Vivek Murthy, Lovell, Christian Lovell, Freddie, Lil Wayne, Buster's, Elaine LaLanne, She's, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Apple, Publishing, Getty, Bloomberg, Cash, Google, Nvidia, Getty Images, Tech, US, BMI Locations: Wall, Silicon, British, Russia, Saudi Arabia, China, London, New York City, San Diego, New York

☆ How private equity giants like Apollo and EQT are using the cloud to improve dealmaking, boost portfolio companies, and tap into AI
▼ + stars: | 2023-09-05 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Here's how Apollo and EQT use Google Cloud to improve themselves and their portfolio companies. The cloud represents big cost savings and efficiency gains among portfolio companies; for example, buyout firm THL migrated one of its portfolio companies to the cloud to save 50% on annual IT infrastructure costs. PE firms benefit from having their data — and their portfolio companies' data — in one place to gain better business insights and check out opportunities. Using cloud to improve portfolio companies and investment firms themselvesBoosting employee productivity with the cloud and AI is top of mind for Apollo's Mahidhar. Google Cloud's tech talent has also helped Swedish PE giant EQT speed up cloud projects among portfolio companies.

Persons: Vikram Mahidhar, THL, Mahidhar, Carl, Magnus Hallberg, execs, Adaire Fox, Martin, Hallberg, Apollo's Mahidhar, it's, —, Zac Maufe, Maufe, it'll, Fox Organizations: Apollo Global Management, Apollo, Google, KKR Locations: EQT, Swedish

☆ Here's who's leading Morgan Stanley's cloud initiatives after the bank's lead departs for Microsoft
▼ + stars: | 2023-08-31 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Allison Gorman Nachtigal was previously the head of Morgan Stanley's cloud program. Allison Gorman Nachtigal, the former head of Morgan Stanley's cloud program, has departed the bank for the tech giant, Insider has learned. Microsoft's cloud computing program Azure is Morgan Stanley's primary cloud partner. As Morgan Stanley's new head of cloud engineering, Nam handles the plumbing behind Morgan Stanley's cloud efforts. Meanwhile, Brosnan, head of technology architecture and modernization, absorbed Morgan Stanley's cloud architecture and business enablement responsibilities.

Persons: Allison Gorman Nachtigal, Morgan, Yunchi Nam, Trevor Brosnan, Morgan Stanley, Gorman Nachtigal, Morgan Stanley's, Nam, Brosnan, Michael Poser Organizations: Microsoft

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