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Amazon's cloud computing division has been ordered to pay $525 million in damages after a jury found it had infringed on three patents, the AP reports.
The jury in San Jose, Calif., found Amazon Web Services, aka AWS, had infringed on patents related to cloud computing that were owned by Kove IO, a company founded by two University of Chicago PhDs.
The jury also ordered AWS to pay Kove $1 million in damages for each of the patents in question.
"This decision is a testament to the power of innovation and the importance of protecting IP rights for start-up companies against tech giants," Kove CEO John Overton said in a statement from the law firm Reichman Jorgensen Lehman & Feldberg LLP, which filed the suit on behalf of Kove.
The patents in question are "methods and apparatus for generating, using, and selling cloud-based services," according to a release from RJLF.
They cover methods of cloud computing, including "methods for generating, using, and selling cloud-based services," as well as "methods for accurately predicting the performance of cloud-based services."
Amazon didn't respond to a request for comment. Read the Entire Article
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Reviving Ancient Indian Art Forms – Empowering Artisans Towards Entrepreneurship
Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.
