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

GeekWire

Microsoft Photo / John Brecher) Analysts, investors, and the media are suddenly focused intensely on capital expenditures by tech giants including Microsoft, Meta, Google, and others to size up the industry’s bet on the cloud and artificial intelligence. These servers inside a Microsoft data center in Quincy, Wash.,

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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. Amazon Web Services posted revenue of $22.1

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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

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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. Its founders include siblings Dario Amodei and Daniela Amodei, who led OpenAI’s engineering and policy/safety teams, respectively. billion purchase of Whole Foods in 2017 and its $8.5 ”

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

CIO Business Intelligence

However, Amazon CEO Andy Jassy said that these cost optimization efforts have continued to “attenuate as more companies transition to deploying net new workloads.” While Google Cloud revenue managed to grow at 22% in the September quarter, Microsoft reported 29% revenue growth in Azure and other cloud services.

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IT Vortex: The Effort to Achieve Net Zero Carbon Emissions is Far More Than a Business Goal

CIO Business Intelligence

This also includes safeguarding prospective customers from unexpected costs: the company’s Cloud Pricing Calculator gives enterprises a detailed quote for cloud services, whether it’s for the multi-tenant or dedicated private IT Vortex Cloud or VMware integrations with public clouds including Amazon Web Services, Google Cloud, and Microsoft Azure.

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

GeekWire

Net income was $0.94 Amazon Web Services reported $23 billion in revenue for the third quarter, up 12%, matching the growth rate from the second quarter. Amazon Web Services: Amazon’s cloud business was up 12% at $23 billion, with $6.9 Revenue from third-party seller services was up 20% to $34.3 billion.