article thumbnail

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

GeekWire

(GeekWire Photo / Todd Bishop) Amazon’s employment in Washington state, including warehouse and corporate workers, fell by 3,000 people to 87,000 employees between early 2023 and early 2024 — its first recorded year-over-year employment decline in the state since the company was founded nearly 30 years ago in Jeff Bezos’ Bellevue garage.

.Net 110
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. While Google Cloud revenue managed to grow at 22% in the September quarter, Microsoft reported 29% revenue growth in Azure and other cloud services.

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

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

GeekWire

GeekWire Photo / Kevin Lisota) For example, Microsoft’s capital expenditures went from 5% of revenue a decade ago to 15% in its 2023 fiscal year. However, a line in the company’s annual 10K filing with the SEC breaks out the “total net additions to property and equipment” for AWS, which declined from $27.8

Microsoft 115
article thumbnail

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

GeekWire

Dario Amodei, co-founder and CEO, Anthropic, at the 2023 Fortune Brainstorm Tech conference in Park City, Utah. The investment and expanded partnership includes a commitment by Anthropic to make Amazon Web Services its main cloud provider. Photo by Stuart Isett/Fortune, Creative Commons BY-NC-ND 2.0 , via Flickr.) ”

article thumbnail

Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue

GeekWire

Net income was $0.31 Analysts were closely watching Amazon Web Services as it is a key profit driver but has faced slowing growth amid the broader tech spending slowdown and other macroeconomic conditions. Amazon Web Services: Amazon’s cloud business was up 16% at $21.3 Amazon reported $127.4 per share, or $3.2

article thumbnail

Top 10 countries attracting international tech talent

CIO Business Intelligence

But capital city Ottawa is also rising, reporting around 94,100 tech employees in 2023, up from 81,200 in 2022, according to the CBRE’s annual ranking of Canadian and US tech hubs. Tech talent makes up just over 15% of total tech employment in Ottawa, compared to 11.6% in the San Francisco Bay Area.

IBM 132
article thumbnail

Hyperscalers in crosshairs for anti-competitive pricing and lock-in

CIO Business Intelligence

Ofcom is less concerned with the market for software as a service, except to the extent that dominance in this market enables providers to exert power in the other two. Ofcom published an interim report on its findings in April 2023. Microsoft doubts that.

Cloud 52