Capitalism’s death has been foretold many times over. And for the economist who, as Greece’s finance minister, battled Europe’s financial establishment, capitalism has been killed off by ‘cloud capitalists’, or ‘cloudalists’, a mutant of the old capitalist class that has liberated itself from the twin imperatives of capitalism — market competition and profit. Way back in 2014, when the Internet …
Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S. curbs on exports to China of semiconductors used in artificial intelligence applications. Alibaba's concerns over the U.S. export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese …
Technology trade groups as well as Alphabet's Google have griped to the Federal Trade Commission about allegedly unfair business practices in the cloud, including by the industry's No. "Despite vibrant competition in the cloud industry, a few vendors use anticompetitive practices in order to entrench their position, most often by preventing customers from switching providers in search of lower costs, …
Google won a deal to tap its artificial intelligence to help the French owner of Louis Vuitton and Christian Dior provide wealthy customers with a personalized experience when they shop online. The Alphabet Inc. unit will also work with luxury-goods powerhouse LVMH’s individual brands to enhance demand forecasting and inventory management and help better recommend targeted products to clients, top …
India’s public cloud services market touched $1.6 billion in the first half of 2021, a recent report from the International Data Corporation has said. The overall India public cloud services market is likely to touch $7.4 billion by 2024 growing at a CAGR of 22.2 percent for 2020-24, IDC’s Worldwide Semiannual Public Cloud Services Tracker report said. The IDC report …
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