This week’s earnings reports from both Microsoft and Amazon are raising new questions about the health of the cloud computing sector, pressuring shares of Snowflake MongoDB and other companies closely tied to the cloud. On Tuesday, Microsoft (ticker: MSF) said its Azure cloud business grew 35% in the September quarter, or 42% adjusted for currency, coming in a point or two below Street estimates. Read More...
MarketWatch
Google Cloud launches first Web3 product in private view
Google Cloud this week announced the launch of a blockchain product, which is available in private view. “This is the first time Google Cloud has launched a first party product for the Web3 developer community,” said James Tromans, director of Cloud Web3, Google Cloud, in an email to MarketWatch. “Before this, developers building on top of Google Cloud would have to manage the installation, maintenance, and operation of their own Ethereum node, which is a taxing overhead even for well established teams.”
