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There certainly is a whole lot of room to grow, as the company estimates that the total global addressable market for identity services to be worth $71 billion. . While revenue is growing, losses are narrowing as the company reported a $20 million net loss down from $36 million a year ago.
Swanson and Dehghanpisheh previously worked together at Amazon Web Services (AWS) on the AI and machine learning side of the business; Swanson was the worldwide leader at AWS’s AI customer solutions team and Dehghanpisheh was the global leader for machine learning solution architects. It might be premature to sound the alarm bells.
And, as more companies operate on a global level, CockroachDB has the potential to gain some significant market share internationally. Gartner forecasted in 2019 that cloud services are growing at an annual rate of 17.5%, and there’s no sign that the growth has abated at all. As a business, Cockroach Labs has many things going for it.
“Even though we strongly disagree with the administration’s concerns, for nearly a year we have sought to engage in good faith to provide a constructive solution,” TikTok spokesman Josh Gartner said in a statement to The Verge. Microsoft said it expected to complete the discussions “no later than September 15th, 2020.”.
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