Google recently made a significant error by accidentally deleting the private Google Cloud account of UniSuper, a $125 billion Australian pension fund.
Google Cloud, $GOOGL, accidentally deleted a $125 billion pension fund’s online account
6/2/2024
As a result, more than half a million UniSuper fund members were unable to access their accounts for about a week, The Guardian reported last week. UniSuper had a backup account with another cloud provider, and service was restored on May 2.
“This is an isolated, ‘one-of-a-kind occurrence’ that has never before occurred with any of Google Cloud’s clients globally,” said Google Cloud CEO Thomas Kurian and UniSuper CEO Peter Chun in a joint statement obtained by The Guardian on May 8. “This should not have happened. Google Cloud has identified the events that led to this disruption and taken measures to ensure this does not happen again.”
Although Google claimed that such a mistake has never happened before on their cloud platform, the potential for glitches and outages remains a concern for companies and governments increasingly relying on cloud software providers. Google Cloud serves about 60% of the world’s 1,000 largest companies and 90% of generative AI unicorns, according to the company. Nearly half a million companies worldwide use Google Cloud as a "platform-as-a-service," including Volkswagen and the Royal Bank of Canada.
The U.S. government and intelligence communities are also using cloud services for data storage. The National Security Agency signed a $10 billion deal with Amazon to move its intelligence surveillance data to the company’s cloud. Additionally, the Pentagon has a $9 billion contract with Microsoft, Google, Oracle, and Amazon for cloud computing services.
Pakistan has shot down five Indian planes and has taken some Indian soldiers prisoner according to Pakistan’s defense minister
5/7/2025 12:42 AMMore than 8 million New Yorkers will get inflation refund checks, the Governor has said
5/7/2025 12:41 AMPakistan has officially closed its airspace for 48 hours
5/7/2025 12:39 AMBig Four accounting firm PwC to cut about 1,500 jobs in the US
5/6/2025 7:52 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.