After reaching $40B in revenue in record time, Amazon Web Services hints at its own reinvention

Amazon Web Services CEO Andy Jassy with a chart showing AWS revenue growth at the company’s virtual re:Invent conference this week. (Screenshot via webcast)

Kicking off the annual Amazon Web Services re:Invent conference this week, AWS CEO Andy Jassy pointed to a major milestone for the tech giant’s cloud division: AWS has officially surpassed $40 billion in annual revenue, and not at a leisurely pace. AWS added an incremental $10 billion in revenue in 12 months, faster than ever.

Jassy showed stats that put AWS’s share of the cloud infrastructure market at 45%, more than double its closest competitor, Microsoft Azure. But he sought to assure the virtual audience that AWS is not even close to its zenith, citing the 96% of the estimated $3.6 trillion in global IT spending that has yet to shift to the cloud.

“It means that there’s a lot of growth ahead of us,” he

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Chinese Smartphone Maker Xiaomi Sets Hong Kong Top-Up Record

Chinese mobile phone maker Xiaomi has raised US$3.9 billion in Hong Kong’s largest-ever top-up share sale. The company is looking to raise cash to allow it to expand at a time it is winning business away from rival Huawei Technologies.

Xiaomi shares, listed as HK:1810 with a U.S. ADR XIACY, were briefly suspended in morning trading Wednesday in Hong Kong. Details of the offer were announced at lunchtime, a weird break from the normal after-the-close practice.

The shares fell as much as 12% but recovered to a 7.1% loss by the close, not quite matching the 10% discount of the new shares. Xiaomi was the most active stock traded in Hong Kong, helping drag the benchmark Hang Seng index down 0.1% for the day.

Xiaomi in the third quarter became the world’s third-largest smartphone seller, with 13% of the market last quarter, according to Counterpoint Research. Its 46.2 million units

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Paisley Express – Daily Record Online

A year of hard work in the fields of science, technology, engineering and maths have just paid off for a Paisley school.

Brediland Primary has been rewarded with a full STEM Nation Award.

The effort included working in the class, at home, meeting Education Secretary John Swinney (pictured below) and even principal teacher David Rigmand jetting off to Portugal to attend a European presentation.

The award was one of just 19 made by Education Scotland,

The project involves the entire 206 school roll in the STEM subjects of science, technology, engineering and maths.

Mr Rigmand – seen below presenting in Lisbon – said: “I think the whole school now knows the importance of these subjects while at school and to finally get jobs.

”And it was an honour to represent the pupils at the conference in Lisbon where I presented on our best practice.

“I think it is an enormous

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New Australian telescope maps millions of galaxies at record speed

Australian scientists have used a powerful new telescope to map about 3 million galaxies at record-breaking speed — creating what they say is a “Google Map of the universe.”

a group of clouds in the sky: The ASKAP telescope is a collection of dishes across the remote Western Australia desert.

The ASKAP telescope is a collection of dishes across the remote Western Australia desert.

The Australian Square Kilometer Array Pathfinder (ASKAP), a radio telescope located in outback Western Australia, mapped the galaxies in just 300 hours, or 12.5 days. This is a significant increase from previous surveys, which have taken years.


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The result is a new atlas of the universe, according to Australian science agency CSIRO, which developed and operates the telescope.

“ASKAP is applying the very latest in science and technology to age-old questions about the mysteries of the universe and equipping astronomers around the world with new breakthroughs to solve their challenges,” said CSIRO CEO Larry Marshall in a statement on Tuesday.

It marks

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Australian Telescope Maps Deep Space at Record Speed | Top News

MELBOURNE (Reuters) – A powerful new telescope in outback Australia has mapped vast areas of the universe in record-breaking time, revealing a million new galaxies and opening the way to new discoveries, the country’s national science agency said on Tuesday.

The radio telescope, dubbed the Australian Square Kilometre Array Pathfinder (ASKAP), was able to map about three million galaxies in just 300 hours. Comparable surveys of the sky have taken as long as 10 years.

“It’s really a game changer,” said astronomer David McConnell, who led the Commonwealth Scientific and Industrial Research Organisation (CSIRO) study of the southern sky at the Murchison Radioastronomy Observatory in Western Australia.

What makes this telescope unique is its wide field of view, using receivers designed by CSIRO, which allow it to take panoramic pictures of the sky in sharper detail than before.

The telescope only needed to combine 903 images to map the sky,

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Bitcoin Climbs to Record High

Bitcoin is back. Again.

Nearly three years after it went on a hair-bending rise and hit a peak of $19,783, the price of a single Bitcoin rose above that for the first time on Monday, according to the data and news provider CoinDesk. The cryptocurrency has soared since March, after sinking below $4,000 at the outset of the coronavirus pandemic.

Bitcoin’s latest climb is different from its last spike in 2017, which was driven largely by investors in Asia who had just learned about cryptocurrencies. Back then, the digital token soon lost momentum as people questioned what it could do other than allow for easy online speculating and drug and ransom payments.

While those questions remain, Bitcoin is now being fueled by a less speculative fever. Buyers — led by American investors, including companies and other traditional investors — are treating Bitcoin as an alternative asset, somewhat like gold, according

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Australian telescope maps new atlas of the universe in record speed | Astronomy

A powerful new telescope developed by Australian scientists has mapped three million galaxies in record speed, unlocking the universe’s deepest secrets.

The Australian Square Kilometre Array Pathfinder (Askap) broke records as it conducted its first survey of the entire southern sky, mapping approximately three million galaxies in 300 hours.

Scientists used the telescope at an observatory in outback Western Australia to observe 83% of the sky.

The result is a new atlas of the universe, according to the telescope’s developer and operator, Australian science agency the CSIRO.

The survey – the Rapid Askap Continuum Survey – has mapped millions of star-like points; most are distant galaxies, the CSIRO says. About a million of those distant galaxies have never been seen before.

The CSIRO’s chief executive, Larry Marshall, said the survey had unlocked the deepest secrets of the universe.

“Askap is applying the very latest in science and technology to age-old

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Guggenheim says it could invest up to $530 million in a bitcoin trust as the cryptocurrency flirts with new record highs | Currency News | Financial and Business News

  • Guggenheim Partners revealed in a Friday regulatory filing that its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust.
  • The trust solely invests in bitcoin, and a 10% bet from Guggenheim’s fund equates to roughly $530 million.
  • The filing comes as bitcoin climbs back above $19,000 after tumbling through the Thanksgiving holiday. Though the token has more than doubled through the year, it still trades below its 2017 record of $19,783.06.
  • Watch bitcoin trade live here.

Guggenheim Partners is the latest Wall Street firm to show interest in bitcoin, and a Friday regulatory filing signals the firm could make a massive investment in the soaring cryptocurrency.

Guggenheim revealed its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust, according to a Securities and Exchange Commission

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Shopify Posts Record Black Friday Sales of $2.4 Billion

Online-shopping host Shopify  (SHOP) – Get Report posted record Black Friday global sales of $2.4 billion as concern about the coronavirus pandemic had vast numbers of consumers choosing e-commerce over brick-and-mortar shopping.

Shares of the Ottawa commerce platform at last check rose 1% to $1,045.12.

The company said that from the start of Black Friday in New Zealand through the end of Black Friday in California, Shopify-powered businesses saw a 75% increase in sales from Black Friday in 2019.

New York, London, and Los Angeles were the top-selling cities worldwide on Black Friday, Shopify said. Top-selling countries included the U.S., U.K., and Canada.

By 8 a.m. Monday U.S. Eastern, merchants on Shopify collectively had crossed $1 billion in sales.

Top product categories globally during Black Friday were apparel and accessories, followed by health and beauty and home and garden.

Sales on Black Friday were made two-thirds (67%)

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Stocks Are Poised for a Record Month; Oil Retreats: Markets Wrap

(Bloomberg) — Global stock markets are on the cusp of finishing a record-breaking month sparked by major progress toward a coronavirus vaccine.

Trading was muted on Monday, with European stocks holding steady and U.S. futures slightly lower. The MSCI World Index has soared 13% in November, the best performance on record.

“I suspect that investors have become cautious after big gains in the last few weeks that were driven by the vaccine news,” said Peter Rosenstreich, head of market strategy at Swissquote Bank. “It’s a big positive as it’s really provided an endgame for Covid-19.”

chart: Europe on Top

© Bloomberg
Europe on Top

Value Rotation Gives Europe a $1.7 Trillion Boost: Taking Stock


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Over the weekend, U.S. Surgeon General Jerome Adams said the federal government hopes to quickly review and approve requests from two drugmakers for emergency approval of their Covid-19 vaccines.

The rapid pace to a vaccine has given investors

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