Tags: US

Oracle launches Arm-based cloud computing service using Ampere chips

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

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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...
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Germany to support quantum computing with 2 billion euros

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BERLIN (Reuters) - Germany will spend about 2 billion euros ($2.4 billion) to support the development of its first quantum computer and related technologies in the next four years, the economy and science ministries said on Tuesday.FILE PHOTO: German Economy Minister Peter Altmaier addresses a news conference in Berlin, Germany, April 27, 2021. John Macdougall/Pool via REUTERSThe science ministry will spend 1.1 billion euros by 2025 to support research and development in quantum computing, which uses the phenomena of quantum mechanics to deliver a leap forward in computation.The economy ministry will spend 878 million euros backing practical applications.Germany’s Aerospace Center (DLR) will receive the bulk of the subsidies - about 740 million euros - to team up with industrial companies, medium-sized enterprises and start-ups to forge two...
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IBM unveils 2-nanometre chip technology for faster computing, Technology News

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For decades, each generation of computer chips got faster and more power-efficient because their most basic building blocks, called transistors, got smaller. The pace of those improvements has slowed, but International Business Machines Corp on Thursday said that silicon has at least one more generational advance in store. IBM introduced what it says is the world's first 2-nanomere chipmaking technology. The technology could be as much as 45% faster than the mainstream 7-nanometre chips in many of today's laptops and phones and up to 75% more power efficient, the company said. Also read: Scientists fuse nature with tech as 'robo-plants' surge The technology likely will take several years to come to market. Once a major manufacturer of chips, IBM now outsources its high-volume chip production to Samsung Electronics Co Ltd but...
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Microsoft earnings rise as pandemic boosts cloud computing, Xbox sales

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Microsoft Corp (MSFT.O) on Tuesday reported its Azure cloud computing services grew 50%, the second quarter of acceleration in a business that had begun to slow as the global pandemic benefited the software maker's investment on working and learning from home.The company's shares rose 5% in extended trading after gaining about 41% in 2020 as COVID-19 shifted computing to areas where the software maker has bet big. It also saw a surprise recovery in sales on the LinkedIn professional social network and navigated a chip shortage that had threaten to hold back its Xbox business.The shift to work from home due to the COVID-19 pandemic has accelerated enterprises' switch to cloud-based computing, benefiting Microsoft and rivals such as Amazon.com Inc's (AMZN.O) cloud unit and Alphabet Inc's (GOOGL.O) Google Cloud. On a conference call with investors,...
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