Amazon prepares to strike back after Microsoft wins $10B JEDI contract
https://thenextweb.com/artificial-intelligence/2019/10/28/amazon-prepares-to-strike-back-after-microsoft-wins-10b-jedi-contract/
Microsoft‘s been awarded the controversial Joint Enterprise Defense Infrastructure (JEDI) contract, a $10 billion planned project to create and maintain an AI-powered, cloud-based weapons platform for the Pentagon.
The company’s stocks hit a record intraday high on the back of the news, but shareholders may want to hold off before declaring victory. Amazon, the second-place runner up, is reportedly weighing its options and may take legal action to challenge the award.