Remove .Net Remove 2022 Remove Cloud Remove Web Services
article thumbnail

Capital spending soars in the cloud as Microsoft, Google, and others bet big on AI demand

GeekWire

were the first to be powered by the company’s Azure Cobalt 100 CPU, as part of a broader cloud infrastructure buildout. The Seattle angel investor and tech veteran has made a tradition of tracking capital expenditures on his blog, Platformonomics , to “separate the clouds from the clowns,” as he puts it.

Microsoft 124
article thumbnail

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 Hollywood studio MGM in 2022 , and comparable to its $3.9 billion purchase of Hollywood studio MGM in 2022 , and comparable to its $3.9

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AWS revenue growth stabilizes with a boost from generative AI-led services

CIO Business Intelligence

AWS posted a stable 12% revenue growth in the third quarter of 2023 buoyed by demand for generative AI-led services, despite customers trying to optimize their cloud spending. Competitors are catching up fast with twice the revenue growth rate as AWS tries to defend its position as the largest public cloud provider.

article thumbnail

Amazon’s total Washington state employment declines for the first time, new numbers show

GeekWire

The net decrease in the state comes as Amazon builds up its workforce in downtown Bellevue, but sees its overall employment decline at its main headquarters campus north of downtown Seattle. The net decline in Washington state comes as Amazon spreads its workforce across what it calls its “Puget Sound headquarters.”

.Net 118
article thumbnail

As AI use surges, tech companies race to secure clean energy and preserve climate goals

GeekWire

Helion Photo) The rapid growth of artificial intelligence is driving new demand for cloud computing infrastructure operated by tech giants including Amazon and Microsoft, which are investing billions of dollars each year into the construction of data centers that gobble massive amounts of energy. In the U.S. Europe, Asia and Latin America.

Energy 109
article thumbnail

Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

The company, which reported net revenues of $3.6 billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing. When you have to calculate risk, it works really well to spread it horizontally in the cloud,” Peterson says.

Financial 116
article thumbnail

Amazon’s strategy to squeeze marketplace sellers and maximize its own profits is evolving

Vox

That revenue translates to a lot of profit — more than even Amazon Web Services (AWS), Amazon’s cloud computing platform typically believed to be the company’s most profitable arm. AWS netted $13.5 ILSR estimates seller fees netted $24 billion. billion in 2020, according to Amazon’s financial data.

Strategy 127