Amazon's potential involvement in the IPO, which has not previously been reported, underscores Arm's significance in cloud computing. Amazon Web Services, the internet giant's cloud business, makes its own processing chip called Graviton, using Arm's design.
Byju's quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an additional $50-60 million to service the increased interest rate it has offered to conclude the revised terms for the deal. This and more in today’s ETtech Morning Dispatch.
Even though the new data bill allows for easy cross-border transfer of data, businesses will still have to comply with local data storage norms as mandated by sectoral regulators.
Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email.
Byju’s and New York-based investor Davidson Kempner Capital have begun negotiations to settle their dispute over the breach of a loan covenant linked to the Indian edtech company’s test preparation subsidiary, Aakash Institute.
The Bengaluru-based startup is building a fixed-return investment app for consumers offering FDs, bonds and other products
Amazon plans to launch its first pair of prototype internet satellites late next month on different rocket than previously planned