Amazon’s cloud business is surging — and so is its capital spending
Amazon was one of several tech giants that on Wednesday beat Wall Street’s first-quarter earnings expectations, offering more financial evidence that the AI boom continues to reward companies that supply the picks and...
Anthropic — What company has the best second artificial intelligence model at the end of June?
A striking development has emerged in artificial intelligence. Amazon was one of several tech giants that on Wednesday beat Wall Street’s first-quarter earnings expectations, offering more financial evidence that the AI boom continues to reward companies that supply the picks and shovels. Amazon’s cloud business is the latest example.
Amazon Web Services, buoyed by its role in fueling the AI boom , saw its net sales increase 28% year-over-year, climbing to $37. 6 billion, the company said Wednesday.
It was the fastest growth rate for AWS in 15 quarters, Amazon president and CEO Andy Jassy said during the company’s earnings call.
This advance offers important signals about the future of the sector, and the tech world is watching closely.
