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Amazon shares rise 4% as cloud and advertising power record Q4 revenue of $170B

GeekWire

The company’s cloud, advertising, and third-party seller services businesses met or exceeded estimates in Q4, while overall operating income increased to $13.2 Amazon Web Services: Amazon’s cloud business was up 13% at $24.2 Advertising: Along with AWS, advertising is one of Amazon’s higher-margin businesses.

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Amazon earnings preview: AWS, advertising, AI in the spotlight for holiday quarter results

GeekWire

Analysts will be watching growth rates for Amazon Web Services and advertising; potential impact from faster shipping times ; and updates related to generative AI, which was the big theme at the AWS re:Invent conference in November. Wall Street expects earnings of $0.80 per share and record revenue of $166 billion, up 11% year-over-year.

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Oracle’s Fusion Cloud CX, ERP, and SCM get generative AI features

CIO Business Intelligence

Nearly all of Oracle’s Fusion Cloud suites — including Cloud Customer Experience (CX), Human Capital Management (HCM), Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) — are being updated with the company’s Oracle Cloud Infrastructure (OCI)generative AI service.

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Sphere of influence? Google’s big Vegas ad buy clouds the landscape at Amazon re:Invent

GeekWire

Google Cloud’s ad on the Las Vegas Sphere, overlooking Amazon re:Invent. That’s the debate after Google Cloud bought advertising space on the Las Vegas Sphere to send a message to attendees this week at the Amazon Web Services re:Invent conference, taking place on the next block over. See video below.

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Latest round of Amazon layoffs begins today, impacting AWS, HR, Advertising, and Twitch

GeekWire

The cuts mostly affect Amazon Web Services, human resources (which Amazon calls PXT, for People Experience and Technology), Amazon Advertising, and Twitch. Both the size of our business and the size of our team have grown significantly over recent years, driven by customer demand for the cloud and for the unique value AWS provides.

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For Amazon’s Next Trick — a Cloud Gaming Service

CTOvision

Amazon is the well known as the leading online retailer, as well as being the undisputed champ in cloud computing. The company also is pursuing growth in digital advertising, streaming video, business-to-business (B2B) commerce, video game streaming, and a growing host of electronic devices.

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Google Privacy Sandbox Initiative ushers in interest-based advertising with Topics API

Venture Beast

Google’s Privacy Sandbox initiative, which is designed to improve web privacy for users, announced the launch of the Topics API for interest-based advertising. The API enables a user’s web browser to analyze their browsing history and determine what topics represent their top interests. Read More.