financetom
Business
financetom
/
Business
/
Amazon owes $525 mln in cloud-storage patent fight, US jury says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon owes $525 mln in cloud-storage patent fight, US jury says
Apr 10, 2024 6:14 PM

April 10 (Reuters) - Amazon.com's ( AMZN ) 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 ( AMZN ) cloud-computing arm to "store and retrieve

massive amounts of data."

Representatives for Amazon ( AMZN ) did not immediately respond to a

request for comment on the verdict. Kove's lead attorney

Courtland Reichman called the verdict "a testament to the power

of innovation and the importance of protecting IP rights for

start-up companies against tech giants."

Chicago-based Kove sued Amazon ( AMZN ) 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
EVgo, GM to Deploy 400 Fast Charging Stalls In US
EVgo, GM to Deploy 400 Fast Charging Stalls In US
Sep 12, 2024
08:54 AM EDT, 09/12/2024 (MT Newswires) -- EVgo ( EVGO ) said Thursday it partnered with General Motors ( GM ) to deploy 400 fast charging stalls at various locations in major metropolitan areas across the US. The first location is expected to open in 2025, EVgo ( EVGO ) said. Financial details of the partnership were not disclosed. EVgo...
US bans Navient from federal student loan serving, orders $120 mln payment
US bans Navient from federal student loan serving, orders $120 mln payment
Sep 12, 2024
Sept 12 (Reuters) - A U.S. regulator on Thursday said it is banning Navient ( NAVI ) from servicing federal student loans, and ordered the company to pay $120 million for wide-ranging student lending failures. The U.S. Consumer Financial Protection Bureau said the ban would prevent Navient ( NAVI ) from servicing federal Direct Loans, and from directly servicing or...
Mastercard Expands Cyber Defense With $2.65B Deal For Recorded Future - What's On The Cards?
Mastercard Expands Cyber Defense With $2.65B Deal For Recorded Future - What's On The Cards?
Sep 12, 2024
Mastercard Incorporated ( MA ) disclosed that it will acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. This acquisition enhances Mastercard’s cybersecurity services, strengthening the insights and intelligence crucial for securing the digital economy, including the payments ecosystem. Also Read: Mastercard Plans To Eliminate About 1,000 Jobs: Report Recorded Future, which has more than 1,900...
Gran Tierra Energy Down 0.5% In US Premarket As Details Private Offering of Notes
Gran Tierra Energy Down 0.5% In US Premarket As Details Private Offering of Notes
Sep 12, 2024
08:59 AM EDT, 09/12/2024 (MT Newswires) -- Gran Tierra Energy Inc. ( GTE ) was at last look down 0.5% in US premarket after announcing that it intends, subject to market and other conditions, to offer an additional amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029. Gran Tierra in a statement said it currently has outstanding...
Copyright 2023-2026 - www.financetom.com All Rights Reserved