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  • 2 years ago
The UK's Competition and Markets Authority is launching an investigation into major cloud service providers, including Microsoft's Azure and Amazon Web Services, due to concerns raised by the telecoms regulator Ofcom. Ofcom identified issues such as high charges for moving data out of the cloud, limitations on using only one provider, and difficulties in switching between providers. The CMA will assess the competition in the market and propose actions to address these concerns. Microsoft is also facing potential EU antitrust investigations related to its cloud computing practices and the bundling of Teams with Office.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 A UK publication claims that a Chinese nuclear submarine sank due to a trap
00:07 meant for us submarines, but China has denied the incident.
00:10 The report suggests the crew may have suffocated due to a failure in the subs
00:14 oxygen system,
00:15 but it is unclear if the trap cause of failure or if the crew suffocated before
00:20 the sinking nuclear submarine accidents are concerning due to the risks of
00:24 nuclear leaks and the complexity of operations during these submarines.
00:28 Past incidents have resulted in deaths,
00:30 sinking of submarines and release of radioactive materials.
00:33 The presence of nuclear weapons on board adds to all the hazards.
00:37 For all things money, visit Benzinga.com.
00:40 [BLANK_AUDIO]
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