The Latest Breaking News from Amazon Web Services

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google cloud unit formed a team to build services for developers running blockchain applications to tap the budding crypto market, CNBC reports. Former Citi executive James Tromans, who arrived at Google in 2019, will lead the product and engineering group. Google wants to offer back-end services to developers…

Wolfe Research analyst Alex Zukin initiated coverage of Snowflake (NYSE:SNOW) with an Outperform rating and a $250 price target.  The price target implies a 33.8% upside. Zukin saw the potential for Snowflake "to become the 4th hyperscaler" after Amazon.com Inc (NASDAQ:AMZN), Amazon Web Services, Microsoft Corp's (NASDAQ:MSFT) Azure, and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Cloud. Zukin saw Snowflake growing…

The Wall Street Journal reports that activist investor Daniel Loeb sees about $1 trillion in untapped value at Amazon.com Inc (NASDAQ:AMZN). Loeb's Third Point LLC counts the e-commerce major as one of its most significant holdings. Third Point, as of the end of 2021, had an Amazon stake valued at $784 million. The fund…

"Cloud everywhere", development of artificial intelligence (AI)-supported software, the rollout of smart Internet of Things (IoT) devices as well as sustainability will be prevailing tech trends to watch in 2022, says Amazon Web Services (AWS), the cloud service arm under tech giant Amazon.

Zoolz Cloud Backup uses Amazon Web Services network to provide an effective place to store backups and manage the distribution of contents.

In the cloud computing space, one name stands out, well above the rest; Amazon Web Services. Often referred to simply by its initialism, AWS is the software arm of the e-commerce giant that provides the backend infrastructure for pretty much half the online service you've most likely heard of. Migrating…

Tag, you're it. Last week Amazon Web Services announced plans for new cloud data centers in the U.K.; this week it's Microsoft's turn.