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The Amazon founder's wealth rocketed to $105.1 billion, according to the Bloomberg Billionaires Index, after shares in the company soared on strong holiday sales. The record was previously held by Microsoft founder Bill Gates, whose net worth was briefly above $100 billion in 1999. (And he'd still top the chart if he hadn’t given so much of his wealth to charity.) But if you account for inflation, Bezos has competition; Augustus Caesar's fortune, for example, could be worth a cool $5 trillion. Either way, the Amazon chief is worth more than the GDP of 125 of the world’s 195 countries.
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https://www.wsj.com/articles/amazon-scooped-up-data-from-its-own-sellers-to-launch-competing-products-11587650015 Is Amazon soon to become a regulated entity within the US as a shopping platform due to misuse? malfeasance?
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Several big tech companies recently announced a new joint effort to promote better data security. Confidential Computing Consortium will be an open-source community that includes Alibaba Cloud, Baidu, Google Cloud, IBM and Microsoft, among others. Current protection strategies address data at rest and in transit. However, a fully encrypted lifecycle for sensitive data remains a work in progress, and perhaps the most challenging step to take in data security.9 Computing has moved from on-premise to public domains to edge, but the cloud is a nascent industry with reams of data still to transition. Attention this consortium brings to data security could accelerate the adopti…
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Warren Buffett’s Berkshire Hathaway has taken a stake in Amazon (+3.24%), the investing demigod told CNBC. Important programming note: Buffett made it clear it wasn’t he who bought Amazon stock, but rather “one of the fellows in the office that manage money.” He has a name, Warren. And that name is likely Todd Combs or Ted Weschler, Buffett’s protégés at Berkshire. That Berkshire (or Todd or Ted) is investing in Amazon is significant. Buffett’s held a special place in his Coke-filled heart for Amazon and CEO Jeff Bezos, but he never bought shares... "I’ve been an idiot for not buying," Buffett said this week. In 2018: "I had no idea that it had the p…
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Amazon announced a free, ad-supported music streaming service to win more customers for its speakers and Alexa-enabled devices.
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I heard on the radio that AWS will no longer be using Intel chips exclusively for its cloud services. This could end up being a BIG deal down the road.
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After charming the crowd at its annual conference for cloud-lovers (any nephologists in the house?), Amazon (+6.09%) got some bullish reviews. One Jefferies analyst said its Amazon Web Services cloud business could be worth $350 billion by 2022.
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(Vox).
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Jeff Bezos first named the company as Cadabra, after the magic slogan “Abra-Cadabra”. When he first mentioned this to his lawyer over the phone, his lawyer misheard it as “Cadaver ???” . Bezos knew right then, that the name would not stick. Bezos had the customer-centric approach to the business, right from the start. So, he had proposed to change the name to “Relentless Inc”, a way of saying that the company would be relentless in its approach to customer satisfaction. In 1994, the company’s then de-facto CTO was Shel Kaphan. He was not very amused by the proposal. So, Bezos continued to look for options for the company name. In the 1990s, the number of website…
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