g'7 guitars
The CMA is about to release a provisional decision in its investigation into the cloud, but seems to have started with a fundamental misunderstanding of how customers buy IT, says Chris Hayman As the CEO of Rayo, a cloud and AI consultancy, and a veteran of the UK’s technology sector, I’ve had a front row seat to our nation’s remarkable journey in cloud. The UK’s light-touch regulatory approach and forward thinking cloud-first policy have propelled us to the forefront of the global digital economy. However, as the Competition and Markets Authority (CMA) prepares to release its provisional decision as part of its investigation into cloud, we stand at a critical juncture that demands careful consideration. The success of cloud computing in the UK is undeniable. Analysis commissioned by my former employer AWS estimates that the economic impact of cloud computing in the UK accounted for over £42bn in 2023 alone. Looking ahead, research from Microsoft says that the UK could make more than half a trillion pounds in the next decade by fully embracing AI and cloud technology. If that all sounds like marketing spin look at the hard investment cash the UK is attracting: this year alone AWS committed £8 billion to the UK over the next 5 years, Google announced a £1bn data centre in Hertfordshire, and Microsoft heralded a £2.5bn AI infrastructure expansion. Or look at how, over the last decade, UK start-ups have raced ahead of their European counterparts in fundraising and hiring, or how the UK Government’s cloud native policy has helped propel it to the top of digital government rankings. The CMA, however well-intentioned, risks undermining this hard-won progress. I take issue with the regulator’s work on two fronts. First, they seem to have started with a fundamental misunderstanding of how customers buy IT. Cloud computing isn’t a separate market; it’s a delivery model for IT services, competing with traditional on-premises solutions. Or put another way it’s simply wrong to think that customers buy services like compute or storage from cloud providers like AWS, Microsoft, Google or Oracle, with no thought to what the same services might cost via other means. Compute is compute, whether you are renting in from someone’s else data centre, or buying it in a tin. Second, and more practically, I worry about the impact of the remedies the CMA have said it might want to impose. For example, the regulator says it’s concerned about the fees cloud providers charge some customers to move data. Today a small number of very large customers – think banks or online gaming platforms – pay these charges to cloud providers in order to move data around the globe. Most businesses will never transfer the amounts of data required to trigger these costs, which for most providers only kicks above 100GB per month, roughly the equivalent of sending over 1m emails every 31 days. While transparency is crucial, forcing cloud providers to eliminate these fees risks hampering investment in UK networking capability, or more likely pushing cloud providers to spread out these costs across all customers. Regulators wading in The CMA also appears to take issue with the discounts cloud providers offer. Going by the submissions the CMA has received, very few customers agree. Instead, they worry that the interventions considered by the CMA will make cloud services more expensive, especially for start-ups and scale-ups that rely on these cost efficiencies to fuel their growth. It could also slow the pace of digital transformation by making large-scale migrations less economically viable. Finally, the CMA appears to be toying with the idea of mandating interoperability between providers. While laudable in theory, I worry about a regulator wading into this space, with limited technical understanding, and inadvertently increasing costs for customers, and limiting choice. To be clear no customer I’ve ever worked with believed that switching providers for complex IT systems was pain free, but more often than not the underlining reason for this sat with the expertise assembled within that organisation. Most customers prefer to build an IT function that is specialised, even if this means it harder for them to change suppliers, because they believe they will get more out of their primarily suppliers as a result. I’ve not seen evidence so far from the CMA that there is something about cloud computing that adds additional complexity here, or that cloud providers are doing anything artificial or underhand to increase these costs. We will find out in the coming weeks how far the CMA intends to push these ideas when its provisional findings are published. When they are, I expect some pretty sensationalist headlines to follow, with some of cloud’s habitual naysayers out in force in response. But once the dust settles, and as the CMA considers its final recommendations, I hope it will alight on an approach that promotes competition among start-ups, SMEs and tech giants, without stifling the very innovation and investment that has made the UK a frontrunner in cloud. If like me you believe the UK’s future prosperity and security hinges on our ability to lead in the emerging AI revolution, we must build upon the success we’ve had with enabling technologies like cloud, rather than risk squandering our hard-earned advantage. Chris Hayman is CEO of RayoBy JOSH BOAK WASHINGTON (AP) — President-elect Donald Trump on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. Related Articles National Politics | Will Kamala Harris run for California governor in 2026? The question is already swirling National Politics | House v. NCAA lawsuit impact: Arizona, ASU expect to cut dozens of roster spots in wake of antitrust lawsuit settlement National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump extends unprecedented invites to China’s Xi and other world leaders for his inauguration National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman’s Association, and Dennis Daggett, the union’s executive vice president. “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who won November’s election on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a $1.3 billion port in Peru that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!”
Trump wants to turn the clock on daylight saving timeAfter spending the holidays at home, No. 3 Iowa State is ready to hit the road for its Big 12 Conference opener on Monday night. And Cyclones coach T.J. Otzelberger knows exactly what he wants his players to pack. It's not a tangible item such as shirts or socks, but more of a mindset that can help his team succeed in a hostile environment. "When you enter into league play, I think it becomes even more important when you go on the road that you're a team that focuses on getting stops on the defensive end of the floor," Otzelberger said. "You hear all the time people will say, 'Defense travels.'" Iowa State (10-1) and Colorado (9-2) will meet for the second time this season when they tip off Monday in Boulder, Colo. The matchup will count as the teams' first conference game because the first meeting was Nov. 27 at the Maui Invitational, which did not count toward the Big 12 standings. The Cyclones won that contest 99-71 thanks in part to Milan Momcilovic, who scored a team-high 24 points. Iowa State shot 60.3 percent from the field, compared with 41.8 percent for Colorado. Monday's matchup could have a different feel. Colorado has four consecutive wins since its loss against Iowa State, and the Buffaloes are 8-0 on their home court to start the season. Colorado coach Tad Boyle praised his players for developing good habits such as making the right pass instead of forcing low-percentage shots. It is something he wants to see again when Iowa State comes to town. "The assist totals have been a function of taking care of the ball -- you've got to take care of it to get an assist, obviously -- and sharing the ball, having good spacing," Boyle said. "And guys finishing. You've got to make shots when you're open. You've got to finish at the rim. So it's a function of a lot of things that are going on well. "That's why teams with high assists are usually high-functioning, high-efficiency teams." Iowa State, which has won seven straight games, also is functioning at a high level, as it has six players averaging double-digit points. Keshon Gilbert leads the way at 16.5 points per game, and Curtis Jones is close behind at 16. The other four players scoring in double digits are Momcilovic (11.6), Joshua Jefferson (11.5), Dishon Jackson (11) and Tamin Lipsey (10.1). Colorado is led by Julian Hammond III (13.1 ppg), while Elijah Malone (12) and Andrej Jakimovski (11.2) also are scoring in double digits. Trevor Baskin leads the Buffaloes with 6.5 rebounds per game. Otzelberger warned his team not to get too comfortable after beating Colorado by 28 points in November. "They've got a terrific coach," he said. "They're guys now that, when we played them the first time, hadn't had as much experience because their roster was so new from last year. Now those guys have had more and more opportunities to play together, to have success together. So we've got to focus on the things we can do." Monday will mark the 150th all-time matchup between the schools. Iowa State leads the series 79-70, but the Buffaloes have a 48-17 series advantage in Boulder. --Field Level Media
Mike Mitchell scores 22 and Minnesota defeats Morgan State 90-68Tapestry Inc. stock rises Tuesday, still underperforms market
17 Witty Women Who Are Dominating "Male Fields" And Cracking Me Up In The Process
Institutional and Insider Ownership 59.5% of Hennessy Capital Investment Corp. VI shares are owned by institutional investors. Comparatively, 54.5% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 30.5% of Hennessy Capital Investment Corp. VI shares are owned by insiders. Comparatively, 27.5% of shares of all “Holding & other investment offices” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth. Profitability This table compares Hennessy Capital Investment Corp. VI and its competitors’ net margins, return on equity and return on assets. Volatility and Risk Hennessy Capital Investment Corp. VI has a beta of 0.07, suggesting that its stock price is 93% less volatile than the S&P 500. Comparatively, Hennessy Capital Investment Corp. VI’s competitors have a beta of 0.02, suggesting that their average stock price is 98% less volatile than the S&P 500. Valuation & Earnings Hennessy Capital Investment Corp. VI’s competitors have higher revenue and earnings than Hennessy Capital Investment Corp. VI. Hennessy Capital Investment Corp. VI is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry. Summary Hennessy Capital Investment Corp. VI competitors beat Hennessy Capital Investment Corp. VI on 5 of the 9 factors compared. About Hennessy Capital Investment Corp. VI ( Get Free Report ) Hennessy Capital Investment Corp. VI does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the industrial technology sectors in the United States. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada. Receive News & Ratings for Hennessy Capital Investment Corp. VI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennessy Capital Investment Corp. VI and related companies with MarketBeat.com's FREE daily email newsletter .