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Google Cloud growth slows as Alphabet net income plunges

CIO Business Intelligence

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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Microsoft and Helion want to build the world’s first fusion plant and seize energy’s ‘Holy Grail’

GeekWire

Some in the clean energy industry are skeptical it will ever work. “If commercial fusion energy becomes available by the end of this decade, it could ease all the various possible pathways to [carbon] net-zero by 2050.” By comparison, Washington state’s largest dam, the Grand Coulee Dam, can generate about 6.8

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Jeff Bezos to hand over Amazon CEO role to Andy Jassy on July 5, anniversary of company’s creation

GeekWire

Amazon’s record 2020 results of $386 billion in net sales and $23 billion in operating profits, as noted in a presentation by Brian Olsavsky, chief financial officer, were almost an afterthought. “I say we face intense competition from well-established companies, everywhere we do business, in every industry,” he said.

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Amazon invests whooping $4B in AI venture Anthropic

Dataconomy

What’s next: The collaboration between Amazon and Anthropic is likely to accelerate the development and accessibility of advanced AI models, setting the stage for transformative applications in the near future. This AWS service stands as a beacon, offering secure pathways to the industry’s premier foundational models.

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How Nvidia beat everyone else in the AI race

Vox

Nvidia is arguably the biggest winner in the AI industry. Ben Bajarin, CEO and principal analyst at the tech industry research firm Creative Strategies, acknowledged that Nvidia had been “relatively isolated to a niche part of computing in the market” until recently. When it went public in 1999, Nvidia had 250 employees.

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Amazon Music will offer My Favorite Murder episodes a week early

The Verge

Hot Pod Summit is the invite-only industry conference for the people building the future of the audio industry. It will kick off On Air Fest, the audio industry’s premier cultural festival, featuring Jad Abumrad, Chuck D, Dr. Jane Goodall, and more. My podcast development studio has one employee — and that’s me.”

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Why a “room-temperature superconductor” would be a huge deal

Vox

But the science of why it matters is, by comparison, relatively simple. Better superconducting materials, then, or ones requiring much less cooling, could bring us closer to fusion reactors that generate net power. Room-temperature superconducting, if possible, opens the door to staggering technological breakthroughs.

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