Remove .Net Remove Company Remove Google 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. Google parent Alphabet reported capital expenditures of $12 billion, up 90%, “driven overwhelmingly by investment in our technical infrastructure,” CFO Ruth Porat told analysts. What about Amazon?

Microsoft 114
article thumbnail

Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Here’s how the company defines each segment in its 10Q filing.

.Net 75
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

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

GeekWire

Amazon will invest up to $4 billion and take a minority stake in Anthropic , the San Francisco-based artificial intelligence company founded two years ago by former OpenAI executives and considered one of the world’s top AI labs. Anthropic makes large-scale AI models and a chatbot called Claude. ”

article thumbnail

Google Cloud posts second straight profitable quarter on 28% revenue growth

GeekWire

A sign inside the Google Cloud campus in Seattle’s South Lake Union neighborhood. GeekWire File Photo / Todd Bishop) Google Cloud boosted its operating profits to $395 million for the second quarter, a improvement of close to $1 billion from its loss of $590 million in the same quarter a year ago. billion, with net income of $18.4

Google 64
article thumbnail

Pega GenAI brings more LLMs to low-code automation workflows

CIO Business Intelligence

Pegasystems has announced plans to expand the capabilities of its Pega GenAI enterprise platform by connecting to both Amazon Web Services (AWS) and Google Cloud large language models (LLMs). Also, companies may have existing preferences for which language models they prefer.

Google 61
article thumbnail

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

CIO Business Intelligence

billion in the September quarter despite the company still experiencing elevated cost optimization efforts from customers when compared to the same period last year. However, Amazon CEO Andy Jassy said that these cost optimization efforts have continued to “attenuate as more companies transition to deploying net new workloads.”

article thumbnail

Amazon stock rises after beating Q3 estimates with $143.1B in revenue, $9.9B in profits

GeekWire

Net income was $0.94 Amazon’s cost-cutting moves over the past year, including thousands of layoffs and tightening of its fulfillment network, appear to be helping improve the company’s bottom line as it manages macroeconomic forces such as inflation and interest rates. Amazon reported $143.1 per share, or $9.9 billion.