Oracle launches Arm-based cloud computing service using Ampere chips

C3KTSLO2ZRNVLMJPKCCNHB4N44
The company logo for Oracle Corp. is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid/File PhotoOracle Corp (ORCL.N) on Tuesday launched a cloud computing service powered by data center chips from Ampere Computing based on technology from Arm Ltd, the second major cloud company to offer an Arm-based service after Amazon.com's (AMZN.O) Amazon Web Services.Cloud providers are some of the biggest buyers of chips because they rent out the computing power they generate to thousands of other companies. Until recently, however, almost all the chips cloud services bought came from Intel Corp (INTC.O) and Advanced Micro Devices (AMD.O) because most business software is written to run on those processors.That began to change in 2018 when Amazon, the largest cloud...

Back Market, platform for refurbished tech gadgets, raises $335 million

ZS5KDFSPXBMNZMKJ7J2F67UGTE
Back Market, an online platform for buying, selling and servicing refurbished tech gadgets, said on Tuesday it raised $335 million in its latest funding round which valued the company at $3.2 billion.The company, started in France in 2014, aims to make it easier for customers to buy refurbished gadgets like iPhones without having to worry that the seller may be peddling stolen or broken goods, said Chief Executive Thibaud Hug de Larauze.To ensure the quality of the refurbished-goods merchants, Back Market has a strict onboarding policy, he said. That includes an acceptance rate to join the platform of only 30%, followed by a sales limit of five items a day for 40 days to prove their products have low failure rates and their customer service meets the standards.“We basically take all the feedback from the clients. We make a quality score. And...