Southwest Is Modernizing Its Technology With Help From Amazon After Holiday Melt...
source link: https://finance.yahoo.com/news/southwest-modernizing-technology-help-amazon-140000098.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Southwest Is Modernizing Its Technology With Help From Amazon After Holiday Meltdown
(Bloomberg) -- Southwest Airlines Co. will use Amazon.com Inc. servers to help process fare searches, crew scheduling and other software tasks, a modernization of its technology that comes months after a meltdown stranded thousands of the airline’s passengers.
Most Read from Bloomberg
Amazon Web Services will become Southwest’s “preferred cloud provider,” the e-commerce giant said on Wednesday, calling the move a “large-scale migration” of the airline’s digital infrastructure to the cloud. Southwest will use AWS to power elements of its website and mobile app, store data and run internal analytics. The companies declined to discuss financial terms of the multiyear deal.
Southwest already runs some software on AWS, including gate management and departure control programs, said Lauren Woods, the low-cost airline’s chief information officer. “We definitely have plans to do other critical-for-operations and future required-to-fly applications, bringing those into AWS,” Woods said.
Southwest faced widespread criticism from customers and industry regulators and was called before a congressional committee after it scrubbed more than 16,700 flights in the final 10 days of December. At the time, the Dallas-based airline was contending with a powerful winter storm that moved across the northern US, grounding flights and causing Southwest to lose track of its aircraft and flight crews.
The situation became so bad that the airline canceled the majority of its schedule over several days to reset its flight network, affecting more than 2 million passengers. The meltdown will cost the airline at least $1.15 billion over two quarters due to scrapped reservations, reduced bookings and higher costs.
- Reuters
GE's investors seek solutions to renewable energy, supply chain challenges
When General Electric Co's investors gather on Thursday, the focus will be on the company's loss-making renewable energy business as well as persistent supply-chain challenges at its aerospace unit. A $100 billion reduction in debt since 2018, coupled with a successful spin-off of its healthcare business and strong demand at its aerospace business, have shored up Wall Street's confidence in the Boston-based industrial conglomerate, driving up its shares up by nearly 80% since end-September. But renewable energy remains a problem.
4h ago - Yahoo Finance
GE stock has skyrocketed 80% in 5 months — JPMorgan says that's a problem
GE's stock is too richly valued, warns the influential JPM coverage team.
1d ago - Zacks
General Electric (GE) Stock Moves -0.77%: What You Should Know
General Electric (GE) closed at $86.39 in the latest trading session, marking a -0.77% move from the prior day.
1d ago - Benzinga
GE Cuts Down Its Stake In Aircraft Lessor AerCap
AerCap Holdings N.V. (NYSE: AER) announced that a subsidiary of General Electric Company (NYSE: GE) is offering 18 million shares of AerCap through an underwritten public offering. GE subsidiary GE Capital US Holdings, Inc. expects to grant the underwriters a 30-day option to purchase up to 2.7 million additional shares. AerCap will not receive any proceeds from the sale of the shares. AerCap has also agreed with GE Capital to repurchase $500 million of its shares at a price per ordinary share e
9h ago - Benzinga
Southwest Airlines Taps Amazon Cloud Unit To Optimize Operations - What's On The Cards?
Southwest Airlines Co (NYSE: LUV) chose Amazon.com Inc (NASDAQ: AMZN) cloud unit Amazon Web Service as its preferred cloud provider. This large-scale modernization with AWS is part of the airline's long-term plan to enhance the passenger journey, optimize operations, and efficiently invest in information technology (IT) infrastructure. Lauren Woods, senior vice president and chief information officer of Southwest Airlines, said, "With the help of AWS's leading cloud technology and expertise, we
2h ago - Benzinga
Silicon Valley Is Losing Its Edge After Double-Digit Decline in VC Funding Dominance – 5 U.S. Cities Becoming the Fastest-Growing Startup and Innovation Hubs
For many years, Silicon Valley has been synonymous with the startup scene. The area, which generally includes San Francisco-San Jose-Oakland, California, served as a launching point for companies such as Apple Inc., Cisco Systems Inc. and eBay Inc. Today, Silicon Valley is home to some of the country’s top startups. This includes names such as Wing, Nuro Inc. and Parallel Health. While the region will continue to attract startups and early-stage companies, other cities are becoming well-known as
23h ago - Fortune
Google boss Sundar Pichai says staff are bemoaning office ghost towns—‘It’s just not a nice experience’
The search engine giant is facing what is likely its greatest competitive threat since it was founded in 1998, forcing Pichai to make tough choices on costs.
1d ago - Barrons.com
Alibaba Blockchain Deal Hints at Crypto Push
The Chinese e-commerce company's cloud computing arm has signed a memorandum of understanding with Mysten Labs, which developed the Sui blockchain network.
9h ago - Zacks
Qorvo (QRVO) Unveils Single-Chip Battery Management Solutions
Qorvo's (QRVO) new single-chip battery management solution supports 20-Cell systems and enhances the designer's capabilities by addressing the rising demand for longer battery life and fast charging features.
6h ago - Yahoo Finance
TikTok is as dangerous as any social media app
TikTok is a threat to your privacy just like every other social network is.
1h ago - Investor's Business Daily
Cybersecurity Stocks To Watch As Earnings, 2023 Guidance Roll In
Cybersecurity stocks have underperformed vs. the S&P 500. But cloud security companies may be better positioned as corporate budgets tighten.
8h ago - Investor's Business Daily
Artificial Intelligence Stocks To Watch: Big Tech Expands AI Products, Services
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge.
1d ago - News Direct
Epazz’s ZenaDrone Subsidiary Gains Traction With the U.S. Military, Closing In On First Government Contracts
The use of drones and unmanned aerial vehicles (UAVs) has become increasingly important for the U.S. military in recent years. These advanced technologies offer a range of benefits that make them i...
9h ago - Yahoo Finance
AI will soon ‘be a $600 billion addressable software market,’ C3.ai CEO says
AI companies such as C3.ai see a massive opportunity beyond the artificial intelligence hype.
1d ago - CoinMarketCap
Man Sues Coinbase After $96,000 Stolen from His Account
Jared Ferguson says Coinbase's security procedures failed to flag the fraudulent transactions, but the exchange argues that he bears responsibility for what happened.
7h ago - Barrons.com
Salesforce Unveils Generative AI Tools Einstein GPT
Salesforce has been developing artificial-intelligence tools for years—now it's picking up the pace, partnering with Open AI and others on generative AI.
1d ago - Zacks
Nokia (NOK) Software to Aid Hrvatski Telekom Network Upgrade
Nokia (NOK) will offer its Converged Charging software solution to Hrvatski Telekom to accelerate network modernization.
6h ago - TechCrunch
Coinbase launches wallet API to help integrate Web 2.0 devs into web3 world
Coinbase, the second largest crypto exchange by trading volume, has launched a new product to help onboard developers into web3, the company shared with TechCrunch on Wednesday. It should be easier to go to a website or engage with a brand without having to leave their platform, Will Robinson, VP of engineering at Coinbase, said to TechCrunch. “We should allow people to onboard into web3, right there, so they’re truly in control of their assets in a contained experience.”
9h ago - Reuters
Czech cyber watchdog warns against using TikTok
PRAGUE (Reuters) -The Czech cyber security watchdog warned on Wednesday against using TikTok, joining a growing number of Western agencies alleging the Chinese-owned social media app poses a security risk. The NUKIB agency recommended that TikTok should not be installed on phones whose users access critical and other significant infrastructure. "The Agency is concerned about potential security threat stemming from the use of TikTok primarily due to the amount of user data that is collected by the app as well as the way the data is handled."
11h ago - TechCrunch
Humane, a secretive AI startup founded by ex-Apple employees, raises another $100M
A startup founded by ex-Apple design and engineering team Imran Chaudhri and Bethany Bongiorno, Humane, today raised another $100 million to build what it calls an "integrated device and cloud services platform" for AI. To date, Humane has raised $230 million from existing and previous investors, including Salesforce CEO Marc Benioff.
6h ago - Bloomberg
CFOs Will Get Their Own AI Chatbot as Part of Brex Project
(Bloomberg) -- Brex Inc., a highly valued startup that makes software for finance professionals, is turning to the same artificial intelligence tool behind ChatGPT for a service that can answer questions about corporate budgets, policy and spending.Most Read from BloombergMeta Plans Thousands More Layoffs as Soon as This WeekYour Next Holiday Flight Will Cost a FortuneIt Turns Out Money Does Buy Happiness, At Least Up to $500,000Deepest Bond Yield Inversion Since Volcker Suggests Hard LandingGlo
1d ago - Engadget
Arlo video doorbells are up to half off right now
Arlo's wire-free doorbell is half price and works with Siri, Alexa or OK Google.
5h ago - Fox Business
Elon Musk blames broken Twitter links on ‘brittle’ code stack
After a flurry of Twitter users reported glitches on the platform Monday, CEO Elon Musk blamed the problem on a "brittle" code stack and said a "complete rewrite" would be necessary.
2d ago - Zacks
4 Network Software Stocks to Buy in a Prospering Industry
Communication-Network Software providers Frontier (FYBR), Ribbon (RBBN), Weave (WEAV) and Kaleyra (KLR) benefit from the ongoing digitalization efforts, including a shift to cloud computing and the rapid deployment of 5G-based networks.
7h ago - The Wall Street Journal
Enterprise Tech Firms Push Further Into Generative AI
Microsoft and Salesforce this week unveiled plans to integrate ChatGPT maker OpenAI’s technology into their business-software apps.
5h ago - Engadget
Sony's concerned Call of Duty will be worse on PlayStation if Microsoft buys Activision
Sony has suggested that Microsoft could (perhaps unintentionally) kneecap the performance and quality of Call of Duty on PlayStation, which might result in fans switching to Xbox.
2h ago - Decrypt Media
Coinbase Announces ‘Wallet as a Service,’ Hints at ‘Household Name’ Partners
Coinbase continues to court developers with new tools to embed digital wallets in any app.
9h ago - Engadget
Microsoft debuts a new 'velocity green' Xbox controller
Xbox has released its wireless controller in the brand's signature color. The controller is available alongside new velocity green additions, such as a quick charging stand.
11h ago - TechCrunch
Sonos CEO Patrick Spence on right to repair, spatial audio and those never-ending lawsuits
This morning Sonos announced a pair of speakers. The Era 100 is a $249 stereo system that replaces the popular One speaker in the company’s lineup. The $449 Era 300, on the other hand, is an entirely new entry, focused on bringing the emerging world of spatial audio to the product line.
1d ago - CoinDesk
Sui Blockchain Developer Signs Deal With Alibaba Cloud
:The cloud tech giant will provide node services and validator infrastructure for testnet developers.
1d ago - Investopedia
Salesforce Joins AI Push
Cloud software firm Salesforce.com (CRM) introduced artificial intelligence (AI) technology using ChatGPT to help companies connect with customers.
1d ago - TechCrunch
Microsoft makes it easier to integrate quantum and classical computing
Microsoft estimates that a quantum computer that will be able to help solve some of the world's most pressing questions will require at least a million stable qubits. It'll take massive classical compute power -- which is really only available in the cloud -- to control a machine like this and handle the error correction algorithms needed to keep it stable. Indeed, Microsoft estimates that to achieve the necessary fault tolerance, a quantum computer will need to be integrated with a peta-scale compute platform that can manage between 10 to 100 terabits per second of data moving between the quantum and classical machine.
5h ago - The Telegraph
China can use TikTok to divide the West, warns FBI chief
TikTok is at risk of being exploited by the Chinese government to divide Western societies and control people’s phones, the head of the FBI has said.
3h ago - Fortune
Salesforce is joining the ChatGPT frenzy by launching an OpenAI-powered tool on Slack
Artificial intelligence will help salespeople do their jobs.
1d ago - Bloomberg
TikTok Could Control Data and Divide Americans, FBI’s Wray Says
(Bloomberg) -- FBI Director Christopher Wray said TikTok could be used to control data and software on millions of devices in the US and drive narratives to divide Americans while even intelligence agencies might miss manipulation by the Chinese-owned video app.Most Read from BloombergMeta Plans Thousands More Layoffs as Soon as This WeekYour Next Holiday Flight Will Cost a FortuneIt Turns Out Money Does Buy Happiness, At Least Up to $500,000Deepest Bond Yield Inversion Since Volcker Suggests Ha
6h ago - TechCrunch
Salesforce Ventures targets new $250M fund at generative AI startups
The enterprise is about to get hit by the generative AI hype train, as Salesforce prepares to invest in startups developing what it calls "responsible generative AI." The cloud software giant, via its Salesforce Ventures VC off-shoot, today announced a $250 million generative AI investment fund, which it said has already invested in four startups: search engine upstart You.com, which introduced generative AI smarts a few months back; Anthropic, a heavily VC-backed AI startup from former employees of OpenAI, which developed ChatGPT; Cohere, a natural language processing (NLP) startup that recently partnered with Google; and a stealthy startup called Hearth.AI.
1d ago - TechCrunch
Microsoft's computer vision model will generate alt text for Reddit images
Two years ago, Microsoft announced Florence, an AI system that it pitched as a "complete rethinking" of modern computer vision models. Unlike most vision models at the time, Florence was both "unified" and "multimodal," meaning it could (1) understand language as well as images and (2) handle a range of tasks rather than being limited to specific applications, like generating captions. Now, as a part of Microsoft's broader, ongoing effort to commercialize its AI research, Florence is arriving as a part of an update to the Vision APIs in Azure Cognitive Services.
1d ago - CoinDesk
Yuga Labs Co-Founder Says First Bitcoin NFT Auction Doesn’t Open Door to Scammers
Greg Solano said the company’s use of the Bitcoin blockchain and its strategic bidding process could only be done because Yuga Labs is a “trusted party.”
1d ago - Engadget
The best wireless chargers in 2023
Here's what to look for when buying a wireless phone charger, as well a list of the best wireless chargers you can buy right now.
8h ago - Engadget
Sony's PS5 update with Discord voice chat begins rolling out to all
The PlayStation 5 update that comes with support for Discord voice chats on the console has now made its way out of beta and to all PS5 gamers.
9h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK