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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.

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Amazon renewable power leader on AI’s energy strain, a political dust-up in Oregon, and more

GeekWire

As the retail, cloud and entertainment giant strives to reach net zero carbon emissions by 2040, most of its carbon cuts so far have come from its shift to renewables. ” Charley Daitch, the Amazon Web Services director of energy and water strategy. (Amazon Photo) Amazon for three years has ranked as the No.

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Amazon sustainability report: Carbon emissions rose 19% in 2020 as pandemic drove huge revenue

GeekWire

But at the same time, the company last year lowered its carbon intensity, a measure of carbon pollution per dollar earned, edging slightly towards its pledged goal to reduce its net carbon footprint to zero by 2040. The company, which employs more than 1 million people worldwide, posted record revenue of $386 billion last year.

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Read Jeff Bezos’ shareholders letter: Amazon founder focuses on employee welfare, comments on union vote

GeekWire

What’s next: Bezos will step down as CEO in the third quarter of this year, replaced by Amazon Web Services chief Andy Jassy. Amazon Web Services serves millions of customers and ended 2020 with a $50 billion annualized run rate. Our net income in 2020 was $21.3 “I’m an inventor. More than 1.9

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