Microsoft’s Philanthropy Unit to Donate $1B Toward Cloud Computing Technologies
Grazed from StreetInsider.com. Author: Editorial Staff.
Microsoft Corp. CEO Satya Nadella announced a new three-part initiative to ensure that Microsoft’s cloud computing resources serve the public good. As part of this initiative the recently formed Microsoft Philanthropies will donate $1 billion of Microsoft Cloud Services, measured at fair market value, to serve nonprofits and university researchers over the next three years.
Microsoft’s three-part commitment focuses on ensuring the cloud can serve the public good in the broadest sense by providing additional cloud resources to nonprofits, increasing access for university researchers and helping solve last-mile Internet access challenges. "Microsoft is empowering mission-driven organizations around the planet with a donation of cloud computing services — the most transformative technologies of our generation," said Microsoft CEO Satya Nadella, who on Wednesday will speak at the World Economic Forum in Davos, Switzerland…
U.S. tech giant Oracle Corp. held a large-scale cloud computing conference in Seoul on Tuesday in an effort to tap into the fast-growing South Korean market. The annual Oracle CloudWorld gathering, the first of its kind held in the South Korean capital, brought together around 3,000 officials and experts from the IT industry who shared ideas on the cloud computing industry, the company said.
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