AWS chief Andy Jassy was asked whether Amazon had the funds to compete with the cash piles of Microsoft and Google in the cloud wars. Here's a look at his answer and the numbers that back it up.
Between the Lines
Larry Dignan and other IT industry experts, blogging at the intersection of business and technology, deliver daily news and analysis on vital enterprise trends.
Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.
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Zack Whittaker writes for ZDNet, CNET, and CBS News. He is based in New York City.
No word on how the ambitious project will be afforded, though.
China is a vital growth area for Apple and the new payment system is likely to boost sales.
Facebook is reportedly working on an enterprise friendly version of its service with collaboration features. Facebook is looking to be unblocked in corporations and be seen as a useful tool.
Google executives haven't yet declared Glass dead, but the developer investment seems to have dried up. Some are beginning to question the future of the high-potential wearable.
Big data management is a work in progress for virtually any business these days, and Facebook's momentum in this regard shows no sign of slowing down.
Look out, Tianhe-2. The US Department of Energy will spend $325 million to build Summit and Sierra by 2017, two supercomputers set to crush the reigning speed champs.
Big Blue says the engine will eventually enable businesses to aggregate international requirements for data transfers and flag any cross-border privacy issues.
And now, for your reading pleasure, we present the worst products and services and technology screw-ups of 2014.
Nike's plan: Build a series of services that do little things like checkout and reading data and then bring them together into larger apps that'll be easier to tweak in the future.