- Amazon Web Services CEO Andy Jassy used his keynote at the AWS re:Invent conference on Tuesday to announce the introduction of several new products and services for the hybrid cloud market.
- Hybrid cloud is a model that connects public cloud platforms like AWS with a customer’s own servers and data centers.
- Notably, Amazon Web Services spent years ignoring — and sometimes trashing — hybrid cloud computing, even as rivals like Microsoft, IBM, and Google have invested heavily in the technology. Jassy now slams those efforts as having “never lived up to the hype.”
- At re:Invent this year, AWS announced smaller sizes of its Outposts devices, which allows customers to host the company’s cloud services from their own data centers.
- It also announced that it would allow customers to host from their own servers Amazon Elastic Container Service and Elastic Kubernetes Service, developer tools that help manage cloud infrastructure.
- Visit Business
(Bloomberg) — Carson Block is having an unusually tough time betting against Chinese stocks.
The famed short seller’s recent calls to unload shares of GSX Techedu Inc., TAL Education Group and Joyy Inc. have largely backfired after the stocks rallied following brief dips when his reports were first posted.
“GSX, after we reported it, tripled,” Block said in an interview with Bloomberg Television. “There is clearly something wrong.”
Block, founder of Muddy Waters Research, isn’t questioning his methods. He blames options traders, small floats and investors taking advantage of low volumes to push the Chinese stocks back up after his calls.
The result has been a grim year of shorting China equities for Block, who earned his reputation following successful bets against companies like Noble Group Ltd., the commodities firm in Singapore, and Sino-Forest Corp., a Canada-based timber company that operated in China.
GSX, the online education firm
- As the legal industry is being propelled toward digitization and innovation, venture capitalists are pouring more investments into legal tech.
- The total value of legal tech deals clocked in at $1 billion globally in 2019, double the amount from the previous year, according to data from PitchBook.
- Here’s a list of 10 of the top VCs leading the charge in legal tech investments, from titans like Accel and Bessemer Venture Partners to Peter Thiel’s Founders Fund.
- Visit Business Insider’s homepage for more stories.
All signs seem to be pointing toward digitization in the legal industry — and venture capitalists are taking note.
The last few years has seen a growth in VC investment deal activity in legal tech. Last year, there were 124 deals valued at around $1 billion in the space globally, up from 84 deals valued at $500 million in 2018, according to data from PitchBook. This year,