Trade Insights Today - Investing and Stock News
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Trade Insights Today - Investing and Stock News
No Result
View All Result
Home Editor's Pick

Amazon owes $525 million in cloud-storage patent fight, U.S. jury says

by
April 16, 2024
in Editor's Pick
0
Amazon owes $525 million in cloud-storage patent fight, U.S. jury says
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Amazon.com’s Amazon Web Services, the world’s largest cloud-service provider, owes tech company Kove $525 million for violating its patent rights in data-storage technology, an Illinois federal jury said on Wednesday.

The jury determined that AWS infringed three Kove patents covering technology that Kove said had become “essential” to the ability of Amazon’s cloud-computing arm to “store and retrieve massive amounts of data.”

An Amazon spokesperson said the company disagrees with the verdict and intends to appeal.

Kove’s lead attorney Courtland Reichman called the verdict “a testament to the power of innovation and the importance of protecting IP (intellectual property) rights for start-up companies against tech giants.”

Chicago-based Kove sued Amazon in the U.S. District Court for the Northern District of Illinois in 2018. The company said in the lawsuit that it pioneered technology enabling high-performance cloud storage “years before the advent of the cloud.”

Kove alleged that AWS’ Amazon S3 storage service, DynamoDB database service and other products infringed the cloud-storage patents. The jury agreed with Kove on Wednesday that AWS infringed all three Kove patents at issue, though it rejected Kove’s contention that AWS violated its rights willfully.

AWS had denied the allegations and argued that the patents were invalid.

Kove also sued Google last year for infringing the same patents in a separate Illinois lawsuit that is still ongoing.

This post appeared first on NBC NEWS
Previous Post

U.S. consumer sentiment falls slightly as outlook for inflation worsens

Next Post

USDCAD and USDCNH: USDCAD again above the 1.38000 level

Next Post
USDCAD and USDCNH: USDCAD again above the 1.38000 level

USDCAD and USDCNH: USDCAD again above the 1.38000 level

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • Trending
    • Comments
    • Latest
    Consumers are tired of price increases. Big brands are paying attention.

    Consumers are tired of price increases. Big brands are paying attention.

    February 23, 2024
    CoHomies ICO (CHM): Revolutionizing Real Estate Investment

    CoHomies ICO (CHM): Revolutionizing Real Estate Investment

    December 8, 2023
    China’s Home Prices Drop 7th Month, Fall 0.7% Annually

    China’s Home Prices Drop 7th Month, Fall 0.7% Annually

    February 23, 2024
    Trump targets massive investments in first Middle East trip

    Trump targets massive investments in first Middle East trip

    0
    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    0
    Here are the nine Republicans running for House speaker

    Here are the nine Republicans running for House speaker

    0
    Trump targets massive investments in first Middle East trip

    Trump targets massive investments in first Middle East trip

    May 13, 2025
    Monica Crowley clears Senate confirmation for key State Department ambassadorship

    Monica Crowley clears Senate confirmation for key State Department ambassadorship

    May 13, 2025
    Trump official targeted in Biden-era ‘disinformation’ dossier still under wraps days after Rubio revelation

    Trump official targeted in Biden-era ‘disinformation’ dossier still under wraps days after Rubio revelation

    May 12, 2025
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact Us
    • Email Whitelisting
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Tradeinsightstoday.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Tradeinsightstoday.com