Tag: amazon cloud

Amazon rallies on cloud recovery as it chases Microsoft for AI business
27Oct By adminNo Comments
Technology

Amazon rallies on cloud recovery as it chases Microsoft for AI business

[ad_1] Amazon.com rallied nearly 6% on Friday on signs that growth in its main profit driver, the cloud business, was picking up pace after two years of sluggishness due to lower client spending.The company was on track to add more than $70 billion to its market capitalization based on its premarket share price of $127. Smaller cloud rivals Microsoft and Alphabet also gained around 1% each. Amazon CEO Andy Jassy said on Thursday the cloud business was stabilizing as large expansions with existing customers and first-time agreements were likely to aid growth in the final three months of the year. He also touted the AI opportunity for Amazon Web Services (AWS), saying that he expected the technology to lead to "tens of billions of dollars in revenue over the next several years".Wall Stree...
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Amazon Is Spending $100 Million to Teach Cloud Customers About AI
23Jun By adminNo Comments
Technology

Amazon Is Spending $100 Million to Teach Cloud Customers About AI

[ad_1] Amazon.com Inc.'s cloud unit is building a program to help customers develop and deploy new kinds of artificial intelligence products as the biggest seller of cloud services tries to match Microsoft and Google in the market for so-called generative AI.Amazon Web Services is investing $100 million to set up the AWS Generative AI Innovation Center, which will link customers with company experts in AI and machine learning. They'll help a range of clients in health care, financial services and manufacturing build customized applications using the new technology. Highspot Inc. and Twilio Inc., which sell sales and marketing software, will be early users of the innovation center, Amazon said. The goal is to help sell more cloud services, convincing clients to turn to AWS as they build ...
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Bad news for Google, Amazon and Microsoft
17Nov By adminNo Comments
Technology

Bad news for Google, Amazon and Microsoft

[ad_1] Regulators push back against cloud providers including Google, Amazon and Microsoft. Emissions linked to cloud computing aren't being properly accounted for in carbon calculations, potentially overstating corporate progress on net-zero pledges and hindering the broader effort to curb greenhouse gases. “It has become something of a hidden emissions issue,” said John Ridd, chief executive officer of Greenpixie, a UK-based firm that designs software to identify cloud emissions. Ridd will discuss cloud-related emissions at a COP27 panel Thursday. Cloud-based emissions are on the rise as more businesses shift data-crunching away from on-site servers to Internet-based ones run by the likes of Amazon.com Inc., Google parent Alphabet Inc. and Microsoft Corp. And it's proving harder to ...
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UK Watchdog to Probe Amazon, Google, Microsoft Cloud Business
22Sep By adminNo Comments
Technology

UK Watchdog to Probe Amazon, Google, Microsoft Cloud Business

[ad_1] UK digital regulator Ofcom said it will launch a range of investigations into digital market. UK digital regulator Ofcom said it will launch a range of investigations into digital markets including cloud computing, internet messaging, and smart devices, marking another step up in the scrutiny of the world's largest tech firms. Ofcom, which also oversees broadcasting, telecommunications and the postal service, said it will first look at whether the so-called hyperscale cloud providers, Amazon. com Inc's AWS, Microsoft Corp's Azure, Alphabet Inc.'s Google Cloud, might limit innovation and growth. They receive about 81% of the revenues in the UK public cloud infrastructure market, which Ofcom said is worth £15 billion ...
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