• Economy
  • Investing
  • Editor’s Pick
  • Stock
Evil Shark Trades
Stock

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

by April 16, 2024
by April 16, 2024

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
U.S. consumer sentiment falls slightly as outlook for inflation worsens
next post
Shiba Inu Price Prediction as Meme Coin Market Cap Sees First Decline Since March – This Hidden Coin is Bucking the Trend

You may also like

Apple just landed a key win for the...

Best Buy launches third-party marketplace as it looks...

Group accused of using fake accounts to buy...

Playboy moving its headquarters to Miami Beach and...

Warren Buffett’s Berkshire Hathaway reveals new stake in...

Lyft co-founders to step down from ride-hailing firm’s...

Apple Watch getting redesigned blood oxygen feature following...

The CEO in chief: How Trump is getting...

Ulta and Target will end deal for in-store...

Musk threatens ‘immediate’ legal action against Apple over...

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    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!

    Recent Posts

    • Ukraine’s stolen children crisis looms large as NATO meets on Russia’s war
    • House Democrat clashes with activists over Israel ‘genocide’ as pro-Palestinian protests derail town hall
    • New Schiff leak claim from whistleblower echoes years of similar accusations
    • Giving Putin the Donbas would hand Moscow powerful leverage over Kyiv’s financial survival
    • Elon Musk halts plans for new political party, prioritizing business instead: report

    Categories

    • Economy (7,081)
    • Editor's Pick (3,862)
    • Investing (2,826)
    • Stock (1,424)
    Email Whitelisting About Us Terms & Conditions Privacy Policy Contact Us

    Disclaimer: Evilsharktrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EvilSharkTrades.com


    Back To Top
    Evil Shark Trades
    • Economy
    • Investing
    • Editor’s Pick
    • Stock