And so another week has passed, whispers of Fairy-tale of New York are starting to haunt shopping malls across the country and the sky is almost eternally dark. But, the tech industry remains resilient to the harsh weather and monotonous music. There have been some exciting headlines doing the rounds this week, including one which involves Microsoft, Amazon and a $10 billion contract. It’s time to terabyte out of the latest tech news.
Microsoft pip Amazon to a very expensive post
Over the last few years Microsoft and Amazon have been embroiled in a fierce tug of war to decide who would win a contract worth $10 billion. This week it was announced that Microsoft came out the victor. The Joint Enterprise Defense Infrastructure (JEDI) contract is the American Department of Defence’s project to transfer huge quantities of extremely sensitive data to a cloud-based server. The 10-year long contract will see Microsoft’s cloud services create a more agile data infrastructure for the DoD.
SoftBank bails out WeWork CEO for $1.7 billion and nobody knows why
It could be described as corporate lunacy, but SoftBank, a Japanese investment company has offered a lifeline to the now ousted CEO, Adam Neumann. Neumann has been in the firing line over the last year, to many critics his eagerness to expand rapidly has caused the entire business to crumble. Last year, WeWork’s long-term lease base was around £47 billion, whilst its overall revenue was only $4 billion. This had given many investors cold feet and the stock prices began to tumble. Many financial experts have had to pick their jaws up from the floor with Softbank’s generous buy-out.
Google declares quantum supremacy
This week we reported on Google’s bold declaration that their new computer chip, ominously named Sycamore, had achieved ‘Quantum Supremacy’. But don’t be wooed just yet. We delve into what Google actually mean when they say, ‘Quantum Supremacy’. Read more here.
Brail… but for websites?
A research and design team from Stanford University have developed a dynamic ‘pin’ based device that will hopefully enable the visually impaired to fully utilise computers. Imagine brail but for computers. The technology works by moving a number of pins in sequence to physically recreate changes in the pixels on the screen. We know that makes no sense, so we’ll include a gif that better displays the machine’s function. Currently the device is in prototype stage and the team haven’t yet set a market release date.