Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.World Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
A health start-up called Grail is developing one of the most ambitious technologies in Silicon Valley.
And Amazon wants a piece of it.
According to two sources familiar, Amazon invested in Grail as a very special kind of future customer for its cloud business.
Grail is hoping that its can use deep sequencing technology to detect the earliest signs of cancer in the blood, while it's still treatable. That requires a huge amount of data processing and storage.
That's potentially a huge business for Amazon Web Services.
Reuters reported that the market to store human genetic data is expected to be worth $1 billion by 2018. By 2025, an anticipated 100 million and 2 billion human genomics could be sequenced, according to a 2015 report. Biologists have long-anticipated that the computing resources to handle all that data would outweigh Twitter and YouTube.
Grail's test will not be commercialized in the U.S. for years -- it is aiming for 2019 -- but it will be dabbling in huge data-sets well before then.
It needs to run large-scale clinical studies to demonstrate to industry stakeholders that its technology is both sensitive and accurate. Hundreds of thousands of people will need to be sequenced for each of these studies. And the genomes will need to be securely stored somewhere.
Amazon's investment, initially reported earlier this year, was a little surprising. The e-commerce and cloud services leader doesn't typically bet on start-ups in the regulated life sciences sector. Moreover, Grail CEO Jeff Huber, was a long-time executive at Google, an Amazon rival. (Google also invested in an earlier fund-raising round for Grail through GV, its venture arm, now a division of Google holding company Alphabet.)
But these companies are "positioning themselves for something they think will be big," said Zamin Iqbal, who leads a computational genomics research group at the European Bioinformatics Institute.
Iqbal doesn't expect revenues to be significant yet, in part due to privacy concerns and lack of uptick for whole genome analysis from health providers.
But that could all change in the coming years. "The future of genomics is likely to involve the cloud heavily," he continued.
Another factor that drew Amazon into the deal was Grail's presence in Asia, the people said. In March, the company merged with a blood diagnostics company in China. Amazon Web Services has announced it plans to open a new data center "region" in Hong Kong in 2018.
Correction: Amazon Web Services has had regional data centers in the Asia-Pacific area since 2010, when it launched its Singapore region.