Murky forecast on cloud computing after tech giants meet with Obama
August 9, 2013
Grazed from USA Today. Author: Byron Acohido.
Edward Snowden’s whistleblowing escapades could seriously undermine the growth of cloud computing and thus stifle the growth models for America’s biggest tech companies. And that appears to be the reason why Apple CEO Tim Cook, AT&T CEO Randall Stephenson, Google computer scientist Vint Cerf and other tech executives met behind closed doors with President Obama Thursday.
"The meeting appears to be for a variety of reasons, but basically the companies want to understand exactly what the government is doing with their systems as they try to assuage a lot of concerns from a lot of different stakeholders," says Brian Henchey a privacy and information tech attorney at Baker Botts…
A group called the Information Technology and Innovation Foundation on Tuesday issued a report asserting that Google, Microsoft, Yahoo, Facebook and Apple stood to lose as much as $35 billion over the next three years as Europeans shy away from cloud services with suspect privacy safeguards…
Read more from the source @ http://www.usatoday.com/story/cybertruth/2013/08/09/tech-giants-meet-with-obama-to-save-cloud-computing/2635849/