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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Amazon’s cloud revenue growth rate and its artificial intelligence initiatives will be closely scrutinized when the company reports second-quarter earnings Thursday afternoon, Aug. Wall Street analysts expect the company to report net sales (revenue) of $131.5 Amazon Web Services revenue growth declined to 15.8%

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Amazon pours up to $4B into AI startup Anthropic, escalating rivalry with Microsoft and Google

GeekWire

The investment and expanded partnership includes a commitment by Anthropic to make Amazon Web Services its main cloud provider. billion purchase of Whole Foods in 2017 and its $8.5 That partnership has given the Redmond company new momentum in deploying AI in its own products and for its cloud customers.

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Jeff Bezos sells more than $2.4B in Amazon stock

GeekWire

Bezos said in 2017 that he was selling $1 billion a year to fund his Blue Origin space venture, but he has been increasing the size and frequency of the stock sales recently. Amazon’s stock price soared last year to record-highs amid the pandemic as the company’s e-commerce, cloud computing, and advertising arms have boomed.

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Cloud startup Snowflake reveals financials in IPO filing as it battles Amazon, Microsoft, others

GeekWire

Cloud computing startup Snowflake Computing filed for an IPO on Monday, revealing its financial data for the first time as the company prepares to go public. based company said it more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 Snowflake CEO Frank Slootman. Snowflake Photo).

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This forensic accounting startup in Seattle is helping lawyers solve fraud investigations

GeekWire

Common use cases include divorce disputes between high net-worth individuals, insurance companies auditing for Medicare fraud, and chapter 11 bankruptcies. Valid8 Photo) Founded in 2017 and a graduate of Techstars Seattle, Valid8 recently raised $1.25 ” Valid8 co-founder and CEO Chris McCall. . That follows a $6.3

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Snowflake stock soars in largest software IPO ever; Madrona among earlier venture investors

GeekWire

The Seattle-based firm invested in 2017 when the company’s valuation was around $500 million, said Madrona Managing Director S. In 2017 Madrona invested in a Series E round for healthcare startup Accolade, which opened a second headquarters location in Seattle in 2015. Soma” Somasegar. Accolade went public earlier this year. .

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Seattle’s Climate Pledge Arena to feature Amazon’s ‘Just Walk Out’ tech to avoid lines in select stores

GeekWire

He was echoing the March 2017 sentiment of Tim Leiweke, CEO of Oak View Group , which led the arena redevelopment. ” “We immediately began to talk to them about developing a self-service concessions stand in this facility, using their cloud system,” Leiweke said.

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