EU and US close to an agreement on data privacy
Draft document being looked at
The EU and US are closer to getting a workable data protection privacy framework which enables European companies to use US clouds without being spied on by US spooks.
US administration forgets fabless companies
All the money goes to manufacturing
There has been much talk about the latest CHIPS and Science Act, through which the US is attempting to advance an industrial strategy to revitalize domestic manufacturing jobs and secure semiconductor supply chains. This legislation is spectacular and well-timed, given recent de-globalization events and China's constant threat to Taiwan. And just days ago, TSMC had an event including POTUS in Arizona fab.
Saves on court cases later
The Pentagon is divvying up $9 billion in cloud contracts between Google, Oracle, Microsoft and Amazon, presumably to avoid one of the megatech companies getting offended and suing.
Meta shareholder calls for staff cuts
Company needs to get its mojo back with some good old fashion human sacrifice
Meta shareholder Brad Gerstner, from Altimeter Capital, has written an open letter to Meta calling on the company to “get its mojo back” by kicking out one in five of its staff.
Cloud gaming still pretty rubbish admits Microsoft
Half baked
While the world+dog has been banging on about cloud gaming as if it was the next big thing, Microsoft says that the technology is still half baked and needs another few minutes in the oven.