Amazon, Microsoft, and Google are experiencing stalled growth rates in their cloud businesses as customers try to cut costs. However, Microsoft's cloud business may be benefiting from its alliance with OpenAI. Amazon's cloud business is stabilizing as it signs new deals, but warns that consumers are cautious about spending going into the holiday quarter. Amazon CEO, Andy Jassy, sees AI as a significant revenue opportunity for AWS. Microsoft's AI boost has helped its cloud business outpace rivals Amazon and Google in the latest quarter.
AWS revenue growth stabilizes with a boost from generative AI-led services https://t.co/n9PhIa9mLz
AI revenue riddle: Azure sees gains, but when will other cloud titans see a surge? https://t.co/RLZ3LtwnL6
Microsoft Azure outpaced AWS and Google Cloud in latest quarter https://t.co/2S5d4Az6UD
The generative AI hype hasn't translated to cloud sales yet, as customers don't know if they should jump in. Microsoft is the one exception. https://t.co/L1zzbgDpJp
Microsoft's AI boost helped cloud business outpace rivals Amazon and Google in latest quarter https://t.co/ylNAJ88dEY
Microsoft's AI boost helped cloud business outpace rivals Amazon and Google in latest quarter https://t.co/htyrcEl27q
Amazon is having a much better week than Alphabet And in both cases it’s down to cloud/AI performance In Q3, AWS sales shot up 12% to $23.1 billion, and CEO Andy Jassy largely attributes it to progress in Gen AI https://t.co/tfmomKSjXW
In this week's Enterprise Weekly: ☁️Cloud earnings week — Azure showed strong growth among AWS and Google Cloud’s continued declines, fueled in large part to better-than-expected AI services sales https://t.co/00YmbnIena
Tech giant @Microsoftirl has today announced several new schemes to boost people’s AI skills. https://t.co/56xfsBYAzL
.@amazon rallies on #cloud optimism as it chases @Microsoft for #AI business The ecommerce giant was on track to add almost $90 billion to its market capitalisation. Smaller cloud rival Microsoft rose 1.5%, while Alphabet was down about 1.3%. https://t.co/jMxB3KoKWc
Amazon Q3 2023 Results: CEO Jassy Highlights Partner Role In AWS Growth In Cloud, AI: https://t.co/TByGQZ1XBf Partners are part of why @ajassy is “very optimistic” about @awscloud’s continued performance in the market and will play a role in the emerging world of GenAI, he said.
Amazon CEO Andy Jassy: "We also have increasing conviction that Prime video can be a large and profitable business in its own right." https://t.co/CisiT6AjnX
Amazon is in wary mood ahead of the key holiday shopping season. The e-commerce titan said that consumers were being cautious about spending. More here: https://t.co/QEHN5hupRK https://t.co/cgtWio6kiw
Microsoft Ireland brings free AI skills schemes to Irish learners of all ages https://t.co/56xfsBZ8pj
Amazon is in wary mood ahead of the key holiday shopping season. The e-commerce titan said that consumers were being cautious about spending https://t.co/9RG7UXU1Ow https://t.co/BGvJAHtppY
Amazon rallies on cloud recovery as it chases Microsoft for AI business https://t.co/rMA3nNUsiF https://t.co/nrbES4jZwy
AWS profit and revenue rises as enterprise demand for new cloud workloads bounces back https://t.co/ISi8tFd4Bd
Amazon CEO sees AI as a "very substantial, gigantic, new generative AI opportunity, which I believe will be tens of billions of dollars in revenue for AWS over the next several years” and “by any measure, it's [Gen AI] a pretty significant business for us already” (via JPMorgan)
⚠️ AMAZON RALLIES ON CLOUD RECOVERY AS IT CHASES MICROSOFT FOR AI BUSINESS Full Story → https://t.co/6fcgnL5rel https://t.co/8cVUbHNUEb
Amazon rallies after CEO Andy Jassy says the company's cloud-computing business won large contracts in the third quarter. Wall Street is looking for AI to drive future cloud growth. https://t.co/L9ScDIaqe6
Amazon said growth in its cloud business is stabilizing as it signed new deals, but warned that consumers remained wary about spending going into the holiday quarter. Read more: https://t.co/nROcjBCqtQ https://t.co/6MABubqtAM
Amazon said growth in its cloud business is stabilizing as it signed new deals, but warned that consumers remained wary about spending going into the holiday quarter. More here: https://t.co/QEHN5htS2c https://t.co/DpmBsfiHNF
Amazon said growth in its cloud business is stabilizing as it signed new deals, but warned that consumers remained wary about spending going into the holiday quarter https://t.co/9RG7UXUzE4 https://t.co/lO0wpyfshX
Microsoft's cloud business may be benefiting from its alliance with OpenAI https://t.co/w817fNOB2O
Microsoft's cloud business may be benefiting from its alliance with OpenAI https://t.co/NEbaAxS1pK
Despite the AI hype, Amazon, Microsoft, and Google are seeing cloud growth rates stall as customers try to cut costs https://t.co/SH80Gk5x8U
Analysis: Amazon earnings show AWS’ importance, but it needs gen AI production workloads https://t.co/tyPy0ETOIf