Cloud Computing

Researchers at the Israeli security firm Pi discovered a vulnerability in official AWS SDKs that allows requests to be rerouted to attacker-controlled servers. This flaw exposes sensitive cloud credentials.

According to the internet giant's reports, in 2028 it will surpass the trillion-dollar revenue threshold. Its business model, in which revenue engines feed each other, has become an industry standard for companies like Walmart and platforms like TikTok Shop, which are trying to take a bite out of it. Also in the article: why its presence in Israel is minor compared to retail giants from China.

DoiT, a cloud cost optimization firm, is acquiring the Israeli startup Attribute for approximately $65 million. The deal aims to enhance corporate visibility into AI and cloud infrastructure spending.

DoiT is acquiring the startup Attribute, which developed a solution for monitoring AI and cloud costs, in a deal estimated at $65 million — its fifth acquisition in less than two years. The company, which has 30 employees, was founded in 2023 by veterans of Unit 81, Itzhak Zimmerman and Liad Trop.

Shares of AI cloud provider CoreWeave jumped yesterday (Wednesday) by approximately 19%, bringing the company's market value to nearly $59 billion. The surge followed the release of second-quarter reports, which revealed a staggering figure: the company's backlog reached $104 billion, compared to about $30 billion last year. These are signed contracts that the company has yet to deliver...

The cloud computing market is dominated by Amazon, Microsoft, and Google, which are investing heavily in the AI race. However, DigitalOcean, a cloud company with a $14 billion market cap, is successfully competing with the giants, with its stock jumping 275% over the past year. The company's secret lies in its focus on small and medium-sized businesses, a segment often neglected by industry...

Anthropic, the developer of the Claude AI chatbot, has signed a $9.1 billion deal with Riot Platforms. The crypto company will provide computing power and electricity for Anthropic's data centers, highlighting the AI developer's push to scale its infrastructure.

Amazon has crossed a market capitalization of $3 trillion for the first time, becoming only the fifth company in history to reach this milestone. Shares of the e-commerce and cloud computing giant are rising following strong second-quarter results.

Wall Street futures point to a recovery led by Amazon and Microsoft earnings. South Korea's KOSPI index recorded a historic 17.9% surge.

YouCC, part of the Octally group, is acquiring BLeader. This strategic move strengthens YouCC's position as a leader in cloud transformation, data, AI, and cybersecurity.

Investors are concerned as Meta's heavy spending on AI and persistent losses in virtual reality projects weigh on the company's stock, despite the continued growth of Instagram.

Microsoft recorded $90 billion in revenue for the fourth fiscal quarter, exceeding analyst expectations. The growth was primarily driven by the Azure cloud division, which saw a 43% revenue increase.