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Andy Jassy - 2 — - 1 D.A - 1 Gil Luria - 1 Claude - 1 Satya Nadella - 1 Nadella - 1 Ruth Porat - 1
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2 mentions found


☆ Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud — and it seems to be paying off
  + stars: | 2024-05-01 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +5 min
Over the last two weeks, major cloud providers Amazon, Microsoft, and Alphabet have reported quarterly earnings that exceeded Wall Street's expectations. Amazon, Microsoft, and Alphabet's shares also climbed after earnings were reported, evidence that doubling down on their AI strategies seems to be paying off. Davidson Companies analyst Gil Luria told Business Insider regarding Amazon, Microsoft, and Alphabet. Microsoft Cloud generated $35.1 billion in revenue — up 23% year-over-year — that CEO Satya Nadella credits partly to investments into AI tools like Microsoft Copilot. Amazon, Microsoft, and Alphabet didn't immediately return a request for comment from Business Insider before publication.
Persons: —, D.A, Gil Luria, Claude, Andy Jassy, Satya Nadella, Nadella, Ruth Porat, OpenAI's ChatGPT, Luria, doesn't, Jassy, Sundar Pichai Organizations: Service, Microsoft, Business, Davidson Companies, Amazon, Web Services, Google Cloud, Google, Gemini, Research, Capital Locations: Indonesia
☆ Amazon investors eye revenue, cloud growth and retail margins ahead of earnings
  + stars: | 2023-07-31 | by ( Arriana Mclymore | Thomson Reuters | Arriana Mclymore Is A New York-Based Reporter Covering E-Commerce | ) www.reuters.com   time to read: +4 min
Amazon previously said it is seeing a decrease in growth in AWS as business clients reallocated their spending to reduce costs. Investors are also looking to see how Amazon's advertising business intersects with more language models and generative AI. The company's advertising business was seeing "robust growth" due to its machine learning investment, Chief Executive Andy Jassy said in the first-quarter earnings call. Net sales of Amazon's advertising business in the first quarter were $9.51 billion. Amazon's first-quarter operating income was $4.77 billion a 74.4%% increase from $2.74 billion in the fourth-quarter and a 30.1% increase from last year.
Persons: Tom Forte, Forte, Brian Olsavsky, Andy Jassy, Arun Sundaram, China's Temu, Sundaram, Amazon's, Arriana McLymore, Aurora Ellis Organizations: Investors, Web Services, Microsoft, Amazon, Google, Davidson Companies, YouTube, Thomson Locations: NY, Refinitiv, Singapore, United States, New York City
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