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WSJ Tech News Briefing

TNB Tech Minute: Oracle, Amazon’s New Cloud Partnership

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 9 September 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Google faces another blockbuster antitrust case. Squarespace and Permira agree to boost the website development company’s buyout price. Apple unveils new AI iPhones. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.

0:06.0

Do more and spend less like Uber 8 by 8 and Databrics Mosaic.

0:11.0

Take a free test drive of OCI at oracle.com

0:14.4

slash Wall Street. Here's your T&B Tech Minute for Monday, September 9th. I'm

0:21.7

Danny Lewis for the Wall Street Journal.

0:24.5

Google is once again in federal court

0:26.8

for a second antitrust lawsuit in less than a year.

0:30.2

A US district judge heard opening statements today in a case over the Tech Giant's ad business.

0:35.6

The Justice Department and 17 states alleged Google used unlawful tactics to lock advertisers and publishers

0:41.8

into using its tools and prevent the rise of rivals.

0:45.0

Google says its success comes from a long record of innovation and that it is losing market share to companies like Microsoft and Tic-Toc.

0:53.0

Squarespace and private equity firm,

0:55.0

Permira, say they have reached an agreement to boost the buyout offer price

1:00.0

to take the website development company private.

1:02.0

Squarespace shareholders will now receive $40,000. the website development company private.

1:02.8

Squarespace shareholders will now receive $46.50 per share they own.

1:08.0

That's up from the previously agreed price of $44 a share, which some investors criticized saying it undervalued the company.

1:16.1

Shares in enterprise software firm Oracle surged 8% in after-hours trading after it beat quarterly

1:21.7

expectations and announced a partnership deal with Amazon Web Services.

1:26.0

Oracle Chairman and CTO Larry Ellison and AWS CEO Matt Garman are expected to discuss the partnership at Oracle's Cloud World event tomorrow afternoon.

1:38.0

And Apple has unveiled its latest line of products, including iPhones with AI features thinner smart watch designs and upgraded air pods.

1:47.0

We'll have a deeper dive into Apple's latest tech and more in Tuesday's Tech

...

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