Thoroughbred race horses tend to have names ranging from poetic to outright bizarre , but the winner of yesterdays Preakness Stakes had a more utilitarian monikerCloud Computing.
The victory is a well-timed landmark for the technology the horse is named for, which over the last decade or so has gone from a promising idea to an everyday reality. Remotely-hosted services in everything from file storage to tax preparation to publishing now drive serious profits for major firms, particularly Amazon . And while naming a horse after a tech innovation may seem odd, theres a good explanation.
Cloud Computing, a 13-1 longshot to beat a field including Kentucky Derby winner Always Dreaming, is co-owned by hedge fund overachiever Seth Klarman. Klarman grew up near the Pimlico Race Course where the Preakness is held, and followed horseracing closely before building an investing career focused on underdog assets overlooked by other money managers.
That notably included buying heavily into depressed assets after the 2007-2008 financial crisis, and Klarmans Baupost Group is diversified across finance, energy, and health sectors. But its investments have also included tech stocks like Dell, which owns the cloud service VMWare, and Microsoft , whose Azure cloud service is trying to steal market share from Amazon . Klarman reportedly owns several other horses with names related to technology.
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Techies, business leaders, and cloud computing fans, not surprisingly, seized on the occasion to celebrate. Here are some of their tweets:
Werner Vogels, chief technology officer at Amazon since 2005, and one of the primary architects of Amazon Web Services, Amazon's cloud business:
Aaron Levie, CEO of Box, a cloud services company focused on business customers:
Cisco's cloud computing business chimes in about the victory:
Angela Nadeau, CEO of CompuData Inc.:
A Twitter handle focused on cryptocurrency bitcoin that referenced the serendipity of Cloud Computing's win and bitcoin reaching a $2,000 exchange rate:
Chris Urban, a project manager at Acquia:
Curtis Chin, former ambassador, public relations executive, and advisor:
More:
Cloud Computing Wins Preakness Stakes, and Techies Are Stoked - Fortune
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- Achieving compliance in the cloud - CSO Online [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
- Boston schools CIO Mark Racine takes hybrid approach to cloud computing - EdScoop News (press release) (registration) (blog) [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
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- How telecom is shifting its strategy to support cloud computing - SiliconANGLE (blog) [Last Updated On: May 17th, 2017] [Originally Added On: May 17th, 2017]
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- Microsoft Extends Cloud-Computing Arms Race to Africa - Fox Business [Last Updated On: May 18th, 2017] [Originally Added On: May 18th, 2017]
- Firms Face Decelerating Cloud Spending: Analyst - Investopedia [Last Updated On: May 20th, 2017] [Originally Added On: May 20th, 2017]
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- Microsoft Extends Cloud-Computing Arms Race to Africa - Wall Street Journal (subscription) [Last Updated On: May 20th, 2017] [Originally Added On: May 20th, 2017]
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- Watch Cloud Computing's thrilling come-from-behind finish at the Preakness Stakes - For The Win [Last Updated On: May 22nd, 2017] [Originally Added On: May 22nd, 2017]
- Cloud Computing wins the 142nd Preakness Stakes in front of a record crowd [Photos] - Baltimore Business Journal [Last Updated On: May 22nd, 2017] [Originally Added On: May 22nd, 2017]
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- CTOvision Assessment on The Megatrend of Cloud Computing - CTOvision (blog) [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- Cloud Computing's Trainer Wins One for His Mentor at Preakness - New York Times [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- Make sense of edge computing vs. cloud computing | InfoWorld - InfoWorld [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
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- Cloud Computing takes Preakness - CNN.com [Last Updated On: May 23rd, 2017] [Originally Added On: May 23rd, 2017]
- Make Sense of Edge Computing vs. Cloud Computing - Linux.com (blog) [Last Updated On: May 26th, 2017] [Originally Added On: May 26th, 2017]
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- Red Hat to acquire cloud computing firm - Triangle Business Journal [Last Updated On: May 26th, 2017] [Originally Added On: May 26th, 2017]
- Cloud computing streamlines oil field monitoring - Williston Daily Herald [Last Updated On: May 26th, 2017] [Originally Added On: May 26th, 2017]
- Fans should appreciate Cloud Computing's Preakness win - ESPN [Last Updated On: May 26th, 2017] [Originally Added On: May 26th, 2017]
- Cray Takes the Plunge into Cloud Computing - TOP500 News [Last Updated On: May 28th, 2017] [Originally Added On: May 28th, 2017]
- Baidu to leverage cloud computing, artificial intelligence, in effort to ramp up behavioural analysis - South China Morning Post [Last Updated On: May 28th, 2017] [Originally Added On: May 28th, 2017]
- Cloud computing will change the nature of hospital IT shops - Healthcare IT News [Last Updated On: May 28th, 2017] [Originally Added On: May 28th, 2017]
- Microsoft's weapon in high-stakes cloud-computing battle with Amazon? Freebies - The Seattle Times [Last Updated On: May 28th, 2017] [Originally Added On: May 28th, 2017]
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