Alibaba Group (BABA) would face big challenges taking on U.S. cloud computing service giants, which have boosted capital spending to expand data centers globally, says Oppenheimer. A TechCrunch report speculated that Alibaba, which raised $25 billion in its initial public offering on Friday, could use its war chest to challenge Amazon Web Services, part of e-commerce leader Amazon.com (AMZN); Google (GOOGL) and Microsoft (MSFT). Oppenheimer
U.S. search giant Google (GOOGL) could face formal antitrust charges if the company can’t boost its current proposal designed to settle European Union criticisms about its search practices, the commission’s outgoing competition chief told the European Parliament on Tuesday. The European Union’s competition agency said it was reopening settlement talks for the fourth time after a prior deal with Google recently collapsed. European Commission Vice
Now there’s a Tesla V6, but — welcome to the 21st century — it’s not all about an engine. The luxury electric-car maker just issued an over-the-air update for the robust software that runs in a Tesla Motors (TSLA) Model S. The newly released Version 6 software, (that’s the “V6”) lets owners start up their cars remotely from a smartphone by entering a password in the carmaker’s Apple (AAPL) iPhone or Google (GOOGL) Android smartphone app. “This is