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July 7, 2021

Pentagon Cancels $10 Billion Cloud Computing Contract with Microsoft
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The Pentagon announced it is canceling a contentious $10 billion
contract for a cloud computing system known as Joint Enterprise Defense
Infrastructure, or JEDI. The contract was granted to Microsoft in 2019,
and Amazon sued, saying the decision was influenced by then-President
Trump's animus toward Jeff Bezos, who stepped down earlier this week as
Amazon's CEO. After Tuesday's announcement, Amazon's stock soared amid
speculation the company would receive some or all of a new Pentagon
contract. Bloomberg reported Bezos's personal wealth increased by $8.4
billion in one day.


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