amazon Microsoft – pressnews

[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...

[ad_1] A collection of Microsoft Corp.’s rivals including OVH and Amazon.com Inc.’s AWS fired off an antitrust complaint. A collection of Microsoft Corp.'s rivals including OVH and Amazon.com Inc.'s AWS fired off an antitrust complaint to European Union watchdogs alleging the software giant uses unfair licensing practices to lure customers in the region to its cloud infrastructure.CISPE, a European cloud-company policy group, said it's calling for a probe into Microsoft's business model before some companies are shut out of the market, causing “material harm to customers.” It's the fourth current complaint targeting Microsoft at the Brussels-based European Commission. Bowing to months of pressure from rival cloud providers, Microsoft earlier this year announced changes to its software...

Tag: amazon Microsoft

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

Microsoft’s Cloud Sparks Complaint to EU by Amazon-Linked Group