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☆ 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

☆ Amazon and Microsoft's cloud dominance referred for UK competition probe
▼ + stars: | 2023-10-05 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Britain's anti-competition regulators have been tasked with investigating Microsoft and Amazon 's dominance of the cloud computing market. Media watchdog Ofcom on Thursday referred its inquiry for further investigation to the Competition and Markets Authority, kickstarting the process. "So, we're referring the market to the CMA for further scrutiny, to make sure business customers continue to benefit from cloud services." Ofcom is concerned that so-called "hyperscalers" like Amazon Web Services and Microsoft Azure are limiting competition in the cloud computing market. Combined, Amazon, Microsoft and Google generate roughly 81% of revenues in the U.K.'s cloud infrastructure services market, according to Ofcom, which estimates the market to be worth £15 billion ($18.2 billion).

Persons: Fergal Farragher Organizations: Ofcom, Microsoft, Media, Competition, Markets Authority, Amazon, CMA, Web Services, Google

☆ Tyranny of the 10-year Treasury yield: Is Big Tech about to get a major valuation reset?
▼ + stars: | 2023-10-05 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

That's the key question all investors need to be asking themselves as the 10-year Treasury yield reaches 16-year highs. The 10-year Treasury yield, while taking a breather Wednesday, shot up this week to 4.8%, its highest level since 2007. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Warren Buffett, Baron Rothschild, Kevin McCarthy, they've, it's, opportunistically, Jensen Huang, Jim Cramer's, Jim Cramer Rob Kim Organizations: Treasury, Apple, Bulls, Federal Reserve, GOP, California Republican, U.S, AAA, U.S ., Nvidia, Club, Microsoft, Charitable Trust, CNBC, UAW Locations: California

☆ As cloud tech powers the world's most popular sports leagues, everyone from executives and coaches to players and fans reap the benefits
▼ + stars: | 2023-10-05 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +12 min

Cloud technology has proved a powerful tool for sports organizations around the world. This article is part of "Build IT," a series about digital tech and innovation trends that are disrupting industries. Cloud data and services are accessible anytime and from any location. AWSShe said AWS clients such as the German professional football league Bundesliga used cloud tech for improving the fan experience. "Every single element of this needs cloud services, scale, flexibility, security, and interoperability, which is a very important aspect."

Persons: —, Julie Souza, Drew Crisp, " Crisp, Crisp, Derek Schiller, Paola Olivari, Olivari, Lionesses, Alex Greenwood, Katie Robinson, Lotte Wubben, Naomi Baker, they're, Brian Shield, Souza, Ross McGraw Organizations: Service, Web Services, Amazon Web Services, Bundesliga, AWS, NFL, Liverpool FC, Liverpool Football, Atlanta Braves, Payments, Global Payments, Google, Football Association, FA, Boston Red Sox, East Coast MLB, Amazon Prime, Technology Locations: Moy, St, George's, Fenway

LONDON (AP) — Concerns from regulators about the dominance of Amazon and Microsoft in Britain’s cloud computing market have triggered a investigation into the competitiveness of the key industry. The U.K. communications regulator Ofcom said Thursday that its yearlong study of the cloud communications services market found features that could limit competition. Cloud computing uses data centers around the world to store photos and emails or run software. Ofcom asked the U.K. antitrust watchdog, the Competition and Markets Authority, to take a closer look at the 7.5 billion-pound ($9 billion) cloud market. “We are committed to ensuring the UK cloud industry remains innovative, highly competitive and an accelerator for growth across the economy," Microsoft said in a statement.

Persons: ”, Fergal Farragher Organizations: Microsoft, Ofcom, Markets Authority, “, CMA, Amazon, Google, Web Services

☆ Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.
▼ + stars: | 2023-10-04 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

There's a new stack of hardware, software, tools, and services that will power AI applications for years to come. Cloud 2.0Another key point here: Most AI developers already know how to use CUDA and Nvidia GPUs. Arguably, Nvidia has already created an AI cloud platform – as AWS once did for the Cloud 1.0 era. James Hamilton is an AWS cloud infrastructure genius who can take on Nvidia, even if the chipmaker has a major head start. Her startup spent months building a data center from scratch to help customers train AI models.

Persons: —, Jensen Huang, Nvidia Rick Wilking, Andrew Ng, CUDA, Michael Douglas, Bernstein, Douglas, Luis Ceze, Ceze, It's, Andy Jassy, Adam Selipsky, James Hamilton, Oren Etzioni, Claude, Dario Amodei, Anthropic Anthropic, Noah Berger, Sharon Zhou, Zhou, Lamini didn't, Etzioni Organizations: Amazon Web Services, Nvidia, Service, Home Depot, AWS, VMware, Cloud, Madrona Venture, Amazon, Amazon Web, Annapurna Labs, Intel, AMD Locations: San Francisco, Seattle, Selipsky

[1/2] 3D printed clouds and figurines are seen in front of the Microsoft Azure cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Oct 3 (Reuters) - British media regulator Ofcom will this week push for an antitrust investigation into Amazon (AMZN.O) and Microsoft's (MSFT.O) dominance of the UK's cloud computing market, according to two sources familiar with the matter. Between them, Amazon and Microsoft enjoy a combined market share of 60-70%. Ofcom warned the current state of Britain's cloud computing market made it difficult for some existing customers to bargain for a good deal with their provider. Amazon, Microsoft, the CMA, and Ofcom did not immediately respond to requests for comment.

Persons: Dado Ruvic, Martin Coulter, Foo Yun Chee, Matthew Scuffham Organizations: Microsoft, REUTERS, Ofcom, Google, CMA, Thomson Locations: British

[1/2] 3D printed clouds and figurines are seen in front of the Microsoft Azure cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Oct 3 (Reuters) - British media regulator Ofcom will this week push for an antitrust investigation into Amazon (AMZN.O) and Microsoft's (MSFT.O) dominance of the UK's cloud computing market, according to two sources familiar with the matter. Between them, Amazon and Microsoft enjoy a combined market share of 60-70% of Britain's cloud computing industry. Ofcom warned the current state of Britain's cloud computing market made it difficult for some existing customers to bargain for a good deal with their provider. Both Amazon and Microsoft previously said they would continue working with Ofcom ahead of the publication of its final report.

Persons: Dado Ruvic, Martin Coulter, Foo Yun Chee, Matthew Scuffham, Susan Fenton Organizations: Microsoft, REUTERS, Ofcom, Google, CMA, Thomson Locations: British, EU, U.S, China

☆ Nvidia in talks to lease data center space for own cloud service
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia in talks to lease data center space for own cloud serviceCNBC's Deirdre Bosa reports on the latest news from Nvidia.

Persons: Deirdre Bosa Organizations: Nvidia

☆ 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

☆ Stocks making the biggest moves premarket: Micron, CarMax, GameStop and more
▼ + stars: | 2023-09-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Micron — The chipmaker's shares fell 3.4% Thursday before the bell on the back of a weaker-than-expected earnings forecast. For the fiscal fourth quarter, the company posted a narrower-than-expected loss as well as revenue that topped expectations. CarMax — Shares fell nearly 12% as fiscal second-quarter earnings fell from a year ago on weakening demand for used cars. Peloton — Shares popped nearly 14% in premarket trading Thursday after Peloton and Lululemon announced a five-year strategic partnership on Wednesday. The company's fourth-quarter earnings forecast of $3.03 to $3.15 per share also fell below analysts' forecasts of $3.33 per share, according to FactSet.

Persons: Ryan Cohen, Matthew Furlong, CarMax, Lululemon, DigitalBridge, Concentrix, FactSet, —, Sarah Min, Pia Singh Organizations: Micron, LSEG, GameStop, UBS, JPMorgan

☆ Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more
▼ + stars: | 2023-09-28 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

DigitalBridge — Shares of the digital infrastructure company jumped 5.8% after JPMorgan upgraded the company to overweight from neutral. After the market closed Wednesday, Jefferies posted earnings of 22 cents per share on revenue of $1.18 billion. Accenture — Shares of the IT and consulting firm fell nearly 5% Thursday after Accenture reported mixed results for its fiscal fourth quarter. The used-car retailer's fiscal second-quarter earnings and revenue slipped from a year ago on weakening demand for used cars. Concentrix — Shares gained 10% a day after Concentrix said it would hike its quarterly dividend 10% to about 30 cents a share.

Persons: Trimble —, DigitalBridge, Jefferies, Duolingo, Wolfe, Lululemon, CarMax, Concentrix, FactSet, —, Jesse Pound, Christina Cheddar, Berk Organizations: Corporation, JPMorgan, Jefferies, UBS, Resorts, Wolfe Research, Accenture —, Accenture, StreetAccount, Micron, LSEG

☆ Jim Cramer says the slide in shares of enterprise cloud provider Workday may be an overreaction
▼ + stars: | 2023-09-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Workday (WDAY) plunged on Thursday after management lowered its outlook for subscription revenue growth. Shares of the software company declined nearly 10%. Jim Cramer described the long-term forecast, which was released on Wednesday, as "worrisome" but said Workday's past fundamentals have been solid. "This company has been straight-shooting so maybe we can feel whether the stock's [move] is an overreaction," Jim said. The CNBC Investing Club does not own Workday but holds shares of Salesforce (CRM), another enterprise software giant.

Persons: Jim Cramer, Jim Cramer's, Jim, Carl Eschenbach, Aneel Organizations: BMO Capital, CNBC

☆ Here are the 12 stocks Jim Cramer is watching, including a dire consumer forecast
▼ + stars: | 2023-09-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

But keeps buy rating ahead of the video streamer's quarterly earnings out next month. Online advertising tech company Trade Desk (TTD) started with a buy rating and a $100-per-share price target at UBS. Bank of America cuts price target on Advance Auto Parts (AAP) to $60 per share from $75. Paychex (PAYX) gets multiple price target increases at TD Cowen (keeps buy rating), Morgan Stanley (keep hold rating), and Bank of America (keeps sell rating). Barclays cuts price target on United Parcel Service (UPS) to $175 per share from $180.

Persons: Matt Boss, Banks, Morgan Stanley, Jim Cramer's, Carl Eschenbach, Aneel, TD Cowen, Cowen, Price Organizations: JPMorgan, Netflix, Trade, UBS, BMO Capital, Bank of America, Parts, Diageo, DEO, CNBC, Club, Corona, Modelo, Constellation Brands, Walgreens, Alliance, Barclays, United Parcel Service Locations: Fargo

☆ Nvidia is targeting the ad industry as its next major chip-buying market
▼ + stars: | 2023-09-26 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Jamie Allan, Nvidia director of business development for global agencies and advertising. For Nvidia, the advertising industry unlocks access to a client base that includes virtually every single major corporation across every industry. Taboola is using Nvidia GPUs to speed up its natural language processing, which analyzes articles and serves relevant content to users. More recently, it's been using Nvidia and OpenAI technologies to allow advertisers to create images within its platform. Allan said Nvidia intends to be more involved in the advertising industry discourse and help advise companies about the adoption of AI.

Persons: Nvidia's Jamie Allan —, —, Allan, Jamie Allan, Microsoft's Bing, Stephan Pretorius, There's, Adam Singolda, it's, Media.Monks, Jay Pattisall, Forrester, Nvidia, Jensen Huang Organizations: Nvidia, Big Tech, Google, Meta, EMEA, WPP, DENZA, AWS, Adobe, Media.Monks, Oracle, Cannes Lions, pharma, they're

☆ Cainiao IPO: Alibaba's logistics business will go public in first IPO from the new-look tech giant
▼ + stars: | 2023-09-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Alibaba said Tuesday that it would spin off Cainiao, its logistics arm, in what will be the conglomerate’s first initial public offering since it announced a sweeping revamp of its business earlier this year. Cainiao will remain a subsidiary of Alibaba. Founded in 2013, Cainiao operates a global logistics network and provides delivery services for Alibaba and other firms. Alibaba is now beginning to follow through with the most ambitious restructuring in its 24-year history, under new leadership. Cainiao’s listing could provide a much-needed boost to Hong Kong’s beleaguered IPO market.

Persons: London CNN — Alibaba, Cainiao, Alibaba, Eddie Wu, Perris Lee Organizations: London CNN, Alibaba, Cainiao Smart Logistics Network, Hong Kong Stock Exchange, CNN Locations: Hong, Hong Kong, Dealogic

☆ Microsoft is planning to use nuclear energy to power its AI data centers, according to a job posting
▼ + stars: | 2023-09-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Microsoft is hiring a project manager for nuclear technology as it looks to power its AI data centres with nuclear energy. AdvertisementAdvertisementMicrosoft is exploring plans to use nuclear energy to power its AI data centres as it grapples with the huge amount of energy needed to run models like ChatGPT. The company is hiring a "principal program manager for nuclear technology" to assess how nuclear energy could be used to power the data centres hosting AI models, according to a job listing posted on Thursday. The job listing suggests that Microsoft sees nuclear energy as the way to meet this spiraling energy demand. Microsoft recently pledged to accelerate efforts to power data centers with renewable energy and reduce emissions, and plans to make its business carbon negative, water positive, and zero waste by 2030.

Persons: — Organizations: Microsoft, Service, CNBC, Reactors, OpenAI

Amazon's employees and cloud customers will gain early access to technology from Anthropic as part of the deal, which they can infuse into their businesses. They declined to state how much Amazon now would own of Anthropic or the startup's updated valuation, last estimated at more than $4 billion. The deal also shows ongoing maneuvering by the cloud companies to secure ties with AI startups reshaping their industry. Yet with Monday's deal, Anthropic is giving a boost to Amazon Bedrock, a service that has attracted thousands of users to start building AI applications. Asked if Amazon would invest in additional AI startups beyond Anthropic, Selipsky said, "I honestly don't know what the future will hold."

Persons: Anthropic, OpenAI, Adam Selipsky, Dario Amodei, Selipsky, Claude, Amodei, Jeffrey Dastin, Kenneth Li Organizations: FRANCISCO, Amazon, Microsoft, Google, Amazon's, GOOGLE, LexisNexis, Bridgewater Associates, Thomson Locations: Anthropic, San Francisco

They declined to state how much Amazon now would own of Anthropic or the startup's updated valuation, last estimated at more than $4 billion. The deal also shows ongoing maneuvering by the cloud companies to secure ties with AI startups reshaping their industry. Yet with Monday's deal, Anthropic is giving a boost to Amazon Bedrock, a service that has attracted thousands of users to start building AI applications. LexisNexis, a data analytics company, is working with Anthropic and Amazon to make its own legal search capabilities more "intelligent," Amodei said. Asked if Amazon would invest in additional AI startups beyond Anthropic, Selipsky said, "I honestly don't know what the future will hold."

Persons: Anthropic, OpenAI, Adam Selipsky, Dario Amodei, Pascal, Selipsky, Claude, Amodei, Jeffrey Dastin, Kenneth Li Organizations: FRANCISCO, Amazon, Microsoft, Google, Amazon's, REUTERS, LexisNexis, Bridgewater Associates, Thomson Locations: Anthropic, San Francisco

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 25 (Reuters) - Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media platform X on Monday. It has one million users, according to its website. Mixin will announce a solution for "how to deal with the lost assets," it said. Last year hackers stole crypto worth as much as $3.8 billion, making it the worst year on record, according to blockchain researchers Chainalysis.

Persons: Kacper, Mixin, Elizabeth Howcroft, Louise Heavens Organizations: REUTERS, Thomson Locations: Hong Kong

☆ India's Wipro slides after CFO Dalal resigns in latest high-profile exit
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Sept 22 (Reuters) - Shares of Wipro (WIPR.NS) slid almost 3% on Friday, a day after long-serving CFO Jatin Dalal resigned in a surprise move, the latest senior level exit at the fourth-largest Indian IT services provider. Dalal's exit follows those of Chief Operations Officer Sanjeev Singh and several senior vice presidents as Wipro wades through a years-long turnaround of its business. Wipro has already forecast revenue from IT services would remain largely flat for the current quarter as clients cut spending. Shares of the company hit a near three-week low after news of the CFO change announced Thursday. Reporting by Chris Thomas and Nallur Sethuraman in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Jatin Dalal, Sanjeev Singh, Dalal, Aparna Iyer, Rajesh Gopinathan, Mohit Joshi, Ravi Kumar, Chris Thomas, Nallur, Nivedita Organizations: Wipro, REUTERS, Rights, Indian, Wipro wades, Kotak, Tata Consultancy Services, Infosys, Tech Mahindra, Cognizant Technology Solutions, Thomson Locations: India, United States, Bengaluru

☆ China's AI 'war of a hundred models' heads for a shakeout
▼ + stars: | 2023-09-21 | by ( Josh Ye | ) www.reuters.com time to read: +5 min

Additionally, companies have also announced dozens of "industry-specific LLMs" that link to their core model. However, investors and analysts say that most were yet to find viable business models, were too similar to each other and were now grappling with surging costs. Several other big name entrepreneurs and tech executives are behind new Chinese AI startups, such as Google China's former chief Kai-Fu Lee and Yan Juejie, a former vice-president of SenseTime (0020.HK). Others said that China's largest tech companies Alibaba, Tencent and Baidu ultimately had the biggest headstart and deep pockets to succeed, given their large user bases and wide range of services. For instance, they could easily offer generative AI services as an additional plug-in to their cloud users.

Persons: Baidu's, Robin Li, Ernie Bot, Tingshu Wang, OpenAI's, Esme Pau, Pau, Yuan Hongwei, Meta, Baichuan, Wang Xiaochuan, China's, Wang, Yuan, Kai, Fu Lee, Yan Juejie, SenseTime, Tony Tung, Tung, Josh Ye, Brenda Goh, Sam Holmes Organizations: Baidu, REUTERS, HK, Huawei, Nvidia, China, Macquarie Group, Y, Baichuan Intelligence, Inc, Sogou, Google, Partners, Thomson Locations: Beijing, China, HONG KONG, Alibaba, United States, Washington, Shenzhen

☆ India's Wipro says CFO Dalal resigns, replaced by 20-year veteran Iyer
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] Wipro Ltd logo is seen displayed in this illustration taken, April 10, 2023. Dalal will be replaced by Aparna Iyer, also a 20-year veteran who was most recently senior vice president and CFO of Wipro's cloud services unit, the company said. While Iyer will take over as CFO on Sept. 22, Dalal will stay on until Nov. 30, Wipro said. Dalal, who became CFO in 2015, and CEO Thierry Delaporte guided Wipro through the pandemic years as demand for digital services boomed. Delaporte said in a statement that Iyer has been integral to Wipro's finance transformation over the last few years.

Persons: Dado Ruvic, Jatin Dalal, Aparna Iyer, Iyer, Dalal, Thierry Delaporte, Goldman Sachs, Delaporte, Ashish Chandra, Savio D'Souza Organizations: Wipro, REUTERS, Rights, Indian IT, Thomson Locations: Indian, Bengaluru

☆ Bank of America upgrades this cloud computing stock that can surge nearly 50%
▼ + stars: | 2023-09-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Nutanix has a promising multilever growth story, according to Bank of America. Nutanix, which offers cloud services and software solutions, recently announced a new software-defined platform called " GPT-In-A-Box. " The partnership will combine "the Nutanix cloud platform with Cisco's UCS compute, cloud management, networking and security," said the analyst. Mohan thinks the company could also benefit from Broadcom's upcoming acquisition of cloud computing peer VMware. Ahead of the company's analyst day later this month, Mohan thinks Nutanix can exceed Wall Street consensus estimates.

Persons: Nutanix, Wamsi Mohan, ACV, Mohan, — CNBC's Michael Bloom Organizations: Bank of America, Cisco, VMware, Broadcom, Dell, HP Enterprise Locations: billings

[1/2] 3D printed clouds and figurines are seen in front of the Oracle cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTORONTO, Sept 19 (Reuters) - Oracle (ORCL.N) is ready to cater to Canadian banks for their open banking needs and provide tools as needed when the country make its available, a financial services executive with the cloud computing giant said. "We are open banking ready," Sonny Singh, executive vice president of Oracle Financial Services said in an interview. Oracle's suite of financial products - used in 140 countries, billing and managing $500 billion in revenue - includes purpose-built products for financial services from financial crime, compliance applications and risk management. Oracle already counts some Canadian banks as clients for one or many of its services, that includes cloud to enterprise applications.

Persons: Dado Ruvic, Sonny Singh, Singh, Nivedita Balu, Marguerita Choy Organizations: Oracle, REUTERS, Rights, Oracle Financial Services, SIBOS, Amazon Web Services, Google, Thomson Locations: Canada, Toronto, Australia, Britain

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