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☆ How an Apple and Alphabet AI deal could benefit both companies and their out-of-favor stocks
▼ + stars: | 2024-03-18 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The aforementioned Siri is an obvious area in need of a generative AI upgrade. That said, we do know that Apple has been hard at work on its own generative AI model, Ajax. However, if true, this would prove a major, and much-needed, win for Alphabet in generative AI. AAPL YTD mountain Apple YTD As for Apple, we've been expecting an update on its generative AI efforts at some point this year. A smart phone displaying Google with Google Gemini in the background is being featured in this photo illustration in Brussels, Belgium, on February 8, 2024.

Persons: Tim Cook, Apple, we're, Bard, Sundar Pichai, Jim Cramer, Apple's Siri, Siri, It's, we've, Jim, Jim Cramer's, Jonathan Raa Organizations: Apple, Bloomberg, Google, ChatGPT, Microsoft, CNBC, Ajax, Developers, Nvidia, Charitable Trust, Google Gemini, Nurphoto, Getty Locations: U.S, Wells, Brussels, Belgium

☆ Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China
▼ + stars: | 2024-02-29 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Alibaba 's cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to fuel AI growth in China. The move aims to make "cloud capabilities more inclusive and accessible in the era of AI," Alibaba Cloud said. "As the biggest cloud service provider in China and APAC, we see tremendous growth prospect of China's digital market," said Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence. "One is using cloud to support generative AI initiatives. With its massive calls on compute, storage, and networking, generative AI needs cloud to scale.

Persons: Alibaba, Liu Weiguang, Liu, OpenAI Organizations: Alibaba, Holding, Smart, Alibaba Cloud Intelligence, McKinsey Locations: Chongqing, China

☆ We each have an average of 100 online accounts. Here’s how to make sure they aren’t a nightmare for your family if you die
▼ + stars: | 2024-02-26 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

With password management company NordPass saying each person has an average of 100 online accounts, the deaths of loved ones have become ever more complicated. And while digital legacy planning can ease some of that burden, experts say far too few people take advantage of those tools. And even for some people who can access their loved one’s accounts, the process can be daunting. These plans aren’t typically legally binding, unless they’re directly incorporated into a will, but they can be invaluable for loved ones after one’s death. Charday Penn/E+/Getty ImagesPick a digital executorDesignate a digital executor who can help carry out your digital legacy plan.

Persons: Rebecca Bistany’s, Paul, Paul didn’t, Bistany, ” Bistany, “, Laura Orrico, ”, they’re, Tracey Woo, Here’s, Abby Schneiderman, Charday Penn, Woo, Jamie McDonald, ” McDonald, Everplans, “ I’ve, Lucy Watts, James Norris, Nikki Earnhart, Earnhart, It’s, Apple, –, there’s, Schneiderman, Scheiderman Organizations: CNN, Apple, ”, RBC Royal Trust, Services, Google, Facebook Locations: Long, , New York, Chicago, Baltimore, Illinois

☆ Here are Friday's biggest analyst calls: Nvidia, Nike, Tesla, Coinbase, Arm, Meta, Eli Lilly, UPS, Carvana & more
▼ + stars: | 2024-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said it's bullish on Meta adding the Broadcom CEO to its board of directors. Bank of America reiterates Nvidia as buy Bank of America said it's standing by the stock heading into earnings next week but that a pullback is possible. Baird upgrades UPS to outperform from neutral Baird said in its upgrade of UPS that the risk/reward is too attractive to ignore. Bank of America downgrades Dropbox to underperform from buy Bank of America said the "bull thesis has played out" for the data storage company. Bank of America upgrades Cellebrite to buy from neutral Bank of America said it sees business trends stabilizing for the digital intelligence company.

Persons: it's, Hock Tan, NVDA, Goldman Sachs, Goldman, TD Cowen, Grosvenor, KBW, TTD, Baird, Wells, Tommy Hilfiger, Tommy, Raymond James downgrades Carvana, Raymond James, Wayfair, Oppenheimer, Morgan Stanley, Tesla, Guggenheim, SunPower, Jefferies, Eli Lilly, Roku Organizations: Bank of America, Meta, Broadcom, " Bank of America, Nvidia, Informatica, BMO, Trade, Google, U.S, UPS, JPMorgan, Daiwa, CY2025, UBS, Newell Brands, RBC, Nike, of America, Barclays, Netflix, JPMorgan downgrades Bloom Energy, BE, Pharma Locations: CY24, CY2024, Wayfair, U.S

☆ Portfolio health care name turns its luck around thanks to management's AI push
▼ + stars: | 2024-02-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "That is something we have to celebrate," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Peter Arduini, Jim, Arduini, we're, Jim Cramer's Organizations: CNBC, GE, General Electric, Nvidia, Club, Broadcom, Microsoft

☆ The world successfully tackled a dangerous pollutant. But did it accidentally warm the planet in the process?
▼ + stars: | 2024-01-26 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

These ghost clouds look beautiful, but they are a visible sign of deadly air pollution. Of all of the theories, however, the impact of shipping regulations is swiftly becoming one of the most discussed. But this is not an argument against cutting air pollution, Diamond said, it’s an argument for tackling it alongside reducing carbon emissions. The cooling impact of air pollution is far outweighed by the heating impact of burning fossil fuels. It’s when air pollution is tackled without also reducing carbon emissions, that “we can get into trouble,” Diamond said.

Persons: ”, Michael Diamond, It’s, Olaf Morgenstern, ” Morgenstern, James Hansen, ” Hansen, ” Diamond, Piers Forster, Diamond, doesn’t, Jason Armond, Annica Ekman, it’s, ” Forster Organizations: CNN, International Maritime Organization, United Nations, Florida State University’s Department of, Atmospheric Science, National Institute of Water, Atmospheric Research, Atlantic, Leeds University, Shipping, Port, Los Angeles Times, Stockholm University Locations: New Zealand, El, Sahara, Tonga, Europe, North America, Asia, Port of Los Angeles, San Pedro , California, Sweden

☆ Meet the former child prodigy who played 'Moneyball' with GPUs and built a $3 million AI model for $30,000
▼ + stars: | 2024-01-22 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +7 min

Daimon Labs, by contrast, had raised $1.5 million from a handful of VCs. It was around then that he started Daimon Labs alongside Dhruv Malik and Xiang Zhang to pursue the dream of what he calls "machines of loving grace". He ignored every metric of success for an AI model, except one: perplexity. It's a measure of how certain the AI model is of its predictions. But even with ruthlessly optimized hardware and that single-minded focus, Daimon Labs still couldn't afford to build the model Benmalek was envisioning.

Persons: —, Ryan Benmalek, wouldn't, Benmalek, Isaac Asimov, Dhruv Malik, Xiang Zhang, Michael Lewis, Daimon, Brooklyn Organizations: Service, Business, Daimon Labs, The University of Washington, Cornell, Apple, Google, Nvidia, Labs, Lambda, Daimon Locations: Silicon, Seattle, Moneyball, Montreal, Brooklyn, North Carolina, Canada

☆ Angus Cloud remembered at Sundance by cast and crew of one of his final films
▼ + stars: | 2024-01-19 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —The cast and crew of “Freaky Tales” is remembering working with late actor Angus Cloud in one of his final roles. The new film screened this week at the 2024 Sundance Film Festival in Park City, Utah. He ends up bringing this very specific, very Angus energy to the role. After the screening in Park City, Ellis recalled working Cloud. But it was so dope to see this cast come together.”“Rest in Peace to Angus,” Ellis continued.

Persons: Angus Cloud, Anna Boden, Ryan Fleck, Travis, ” Boden, Angus, “, Jay Ellis, Pedro Pascal, Ellis, ” Ellis, ” Organizations: CNN, Park City , Utah ., Nazi, Hollywood Locations: Park City , Utah, Cloud’s, Oakland, Park City, Peace, Angus

☆ AI boom fails to propel China's cloud market growth
▼ + stars: | 2023-12-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China. "The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises to drive growth," tech market analysis firm Canalys said in a report Wednesday. Training AI models on the cloud, following a surge of interest in the potential of ChatGPT-like services, has been expected to drive the industry's growth. Alibaba 's cloud business, with the country's largest market share at 39%, reported just 2% year-on-year revenue growth in the quarter ended Sept. 30. Huawei, which isn't publicly traded and is the second largest cloud player, didn't separately state its cloud revenue for the third quarter, nor did Hong Kong-listed Tencent .

Persons: Canalys, isn't Organizations: Artificial Intelligence, Huawei Locations: Shanghai, BEIJING, China, Hong Kong

☆ A new group at Amazon is helping customers including PGA Tour and Bridgewater make generative-AI applications
▼ + stars: | 2023-12-21 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Amazon Web Services' Global AI Innovation Center, led by Sri Elaprolu, launched in July. Elaprolu said AWS customers are getting serious about moving ideas from concept to production. Still, most AWS clients don't quite know where to start with generative AI — that's where the AWS Generative AI Innovation Center comes in, Sri Elaprolu, the global head of AWS Generative AI Innovation Center and an 11-year AWS veteran, said. Interest in the Generative AI Innovation Center has been high since the company announced it in June, Elaprolu said. Many AWS customers are just beginning to think about generative AI, but an increasing number are starting to bring ideas into production.

Persons: Sri, Elaprolu's, —, Sri Elaprolu, Elaprolu, It's Organizations: Amazon Web Services, AI Innovation, Service, Web, Center, PGA Tour, Bridgewater Associates, Business, Bridgewater, AWS Locations: Sri Elaprolu, Sri

☆ Amazon's cloud sees growth rates slow from 'optimization' as customers keep cutting costs
▼ + stars: | 2023-12-11 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +6 min

Either way, one thing is certain: Companies are getting serious about cloud spend. And while Wall Street analysts hope the excitement over generative AI will drive customers to spend more money on cloud services next year, it's clear that optimization won't go away. "Cloud spend got big enough at most of the Fortune 500s that it's actually material now," Storment said. Cloud cost-cutting servicesTo save money on cloud services, customers often must first spend money. Customers aren't spending much on generative AI yetEven though "generative AI is the new sexy thing that everyone is exploring," the technology didn't come up in many conversations about budget, Lowell said.

Persons: Adam Selipsky, Werner Vogels, Sid Nag, Gartner, Nag, wasn't, Dave Linthicum, —, Storment, Craig Lowell, Lowell, Linthicum, they're, Bernstein, Mark Schilsky, Ellen Thomas Organizations: Amazon Web, Business, AWS, Wall, Microsoft, Google, Deloitte, FinOps Foundation, Fortune, Venetian Convention, Expo, Companies Locations: Las Vegas, DoiT, ethomas@insider.com

☆ Why Amazon and Nvidia Need Each Other
▼ + stars: | 2023-11-29 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Nvidia CEO Jensen Huang, right, joined AWS CEO Adam Selipsky at the annual AWS re:Invent conference on Tuesday. Photo: AmazonAmazon needed to put on a good AI show this week. The e-commerce titan also happens to run the world’s largest cloud-computing business. In fact, Amazon’s AWS unit now generates significantly more annual revenue than IBM and Oracle and comes second only to Microsoft in the market for business-focused software and related services. But Amazon has also been perceived as lagging behind its largest cloud rival in the field of generative artificial intelligence, given Microsoft’s aggressive push into the technology since the public launch of ChatGPT almost exactly one year ago.

Persons: Jensen Huang, Adam Selipsky Organizations: Nvidia, AWS, IBM, Oracle, Microsoft

During the Amazon Web Services cloud conference on Tuesday, Amazon unveiled upgraded AI chips, a new chatbot and an expanded partnership with Nvidia. Expanded Nvidia partnership Amazon on Tuesday outlined the details of its deepening partnership with semiconductor firm Nvidia – the global leader in the development of AI chips. Amazon's announcements involved not only Nvidia' bread-and-butter AI chips known as graphics processing units, or GPUs, but also its fast-growing – yet still underappreciated – software-and-service offerings. In general, Amazon has touted its own AI chips as being a lower-cost option for customers. Nvidia's AI hardware is known to carry a hefty price tag .

Persons: Grace Hopper Superchip, –, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Arjun Kharpal Organizations: Nvidia, Services, Amazon, Microsoft, Oracle, JMP Securities, CNBC, IAA, Qualcomm, Samsung Locations: Munich

☆ Alibaba Cloud suffers second service outage in a month
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBEIJING, Nov 28 (Reuters) - Alibaba's (9988.HK) cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday, its second outage within a month. The impact was mainly felt by several of Alibaba Cloud's database management products, including PostgreSQL, Redis and MySQL editions. "From 09:16 Beijing time (0116 GMT) on November 27, 2023, Alibaba Cloud monitoring detected abnormalities in console and OpenAPI access for database products," Alibaba Cloud said in a statement posted on its websites on Tuesday. "This is hugely damaging to Alibaba Cloud's brand image as a reliable cloud service provider."

Persons: Dado, Alibaba, Feng Ruohang, Yelin Mo, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei, China Telecom, HK, IDC, Thomson Locations: Rights BEIJING, HK, China, Hong Kong, United States, Beijing, Shanghai, Virginia, U.S, East Asia, Southeast Asia, East, North America

☆ Companies Hesitate on Specialized Industry Clouds
▼ + stars: | 2023-11-21 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

Daniel Seay, CIO of Fifth Third Bank’s commercial bank division, says he hasn’t seen a ’catalyst’ for using a banking-specific cloud. Photo: Stephen Zenner/Zuma PressCloud platforms specialized for given industries are off to a slow start, with some companies saying they simply don’t need them, thanks to existing software and their own customizations. “There hasn’t been a catalyst to say, ‘I’m gonna go with an industry-specific cloud’,” said Daniel Seay , chief information officer of Fifth Third Bank’s commercial bank division. “I can use my private cloud or I can use one of the hyperscalers along with another software firm and meet my needs in a more cost-effective, proven way at this point.” (Hyperscalers refers to the largest cloud companies, among them, AWS, Microsoft Azure and Google Cloud.)

Persons: Daniel Seay, Stephen Zenner, hasn’t, I’m, ” Organizations: Zuma, Microsoft, Google

But the real focus will be on whether widening U.S. curbs on sales of its high-end chips to China could hamper that run. The results will also be a major test for the AI-powered rally that has helped drive up the U.S. stock market this year, with the Philadelphia semiconductor index (.SOX) up nearly 50% in 2023. The Biden administration last month banned China sales of the H800 and A800 chips that Nvidia had created after previous curbs on exports to the country. Reuters GraphicsCHINA CHIPSBefore the latest China export curbs, demand for Nvidia's H800 chip, a slower version of its flagship AI chip, had outpaced rivals as it was better than the alternatives. "It's possible Nvidia's massive growth will make revenue from China less material over time," Morningstar analysts said.

Persons: Dado Ruvic, Kyle Rodda, Biden, Bernstein, Stacy Rasgon, Arsheeya Bajwa, Chavi Mehta, Devika Organizations: NVIDIA, REUTERS, Nvidia, Wall Street Journal, Reuters Graphics, LSEG, AMD, Web Services, Google, Microsoft, Oracle Cloud Infrastructure, Lambda, Morningstar, Thomson Locations: China, Philadelphia, Reuters Graphics CHINA, Bengaluru

☆ OpenAI chaos is good for Google, Amazon, and others trying to catch the AI leader
▼ + stars: | 2023-11-18 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

The chaos is good for Google, Amazon, and others trying to catch OpenAI. Especially Google and Amazon, which were caught flat-footed by ChatGPT's rapid success and the impressive capabilities of GPT-4 and other OpenAI models. "In a fast-moving race, this lap has the advantage going to Google and Amazon but it's a marathon, not a sprint." Microsoft has invested billions of dollars in OpenAI and provides cloud infrastructure that runs the startup's AI products. Interestingly, Google and Amazon recently invested billions of dollars in Anthropic, an AI startup that is probably the closest rival to OpenAI in terms of talent and product capabilities.

Persons: OpenAI, Sam Altman, Greg Brockman, —, ChatGPT, OpenAI's, Altman, pic.twitter.com, Guy, @buccocapital, Oren Etzioni, there's Organizations: Google, Service, Employees, Madrona Venture, Microsoft, Amazon Locations: Silicon

☆ Nvidia upgrades flagship chip to handle bigger AI systems
▼ + stars: | 2023-11-13 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

The H200, as the chip is called, will overtake Nvidia's current top H100 chip. The primary upgrade is more high-bandwidth memory, one of the costliest parts of the chip that defines how much data it can process quickly. Nvidia dominates the market for AI chips and powers OpenAI's ChatGPT service and many similar generative AI services that respond to queries with human-like writing. The H200 has 141-gigabytes of high-bandwidth memory, up from 80 gigabyte in its previous H100. Nvidia also buys memory from Korea's SK Hynix (000660.KS), which said last month that AI chips are helping to revive sales.

Persons: OpenAI's, Stephen Nellis, Sam Holmes Organizations: Nvidia, Google, Oracle, Nvidia's, Micron Technology, Korea's SK Hynix, Amazon Web Services, Microsoft, Oracle Cloud Infrastructure, Lambda, Thomson Locations: San Francisco

☆ Microsoft's GitHub announces Copilot assistant that can learn about companies' private code
▼ + stars: | 2023-11-08 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Microsoft -owned GitHub on Wednesday introduced a more expensive Copilot assistant for developers inside companies that can explain and provide recommendations about internal source code. Last month Microsoft CEO Satya Nadella told analysts on a conference call that GitHub Copilot had accumulated 1 million paid users. The new GitHub Copilot Enterprise will cost more than double the business offering, at $39 per person per month. On GitHub's website, people with Copilot Enterprise licenses can choose repositories to fine-tune Copilot on proprietary code. From there, they can ask GitHub's Copilot chatbot about elements of existing code and suggest lines of code in development environments.

Persons: Thomas Dohmke, GitHub, Satya Nadella, GitHub Copilot, GitHub's, Stephen O'Grady, Amazon's CodeWhisperer, Dohmke, Gartner, Copilot, O'Grady, Piper Sandler Organizations: Microsoft, Amazon, Services, CNBC, Copilot Enterprise, Google, Gartner, Enterprise, Piper, Copilot Locations: Toronto, San Francisco

☆ Chinese tech giant Alibaba launches upgraded AI model to challenge Microsoft, Amazon
▼ + stars: | 2023-10-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Alibaba called Tongyi Qianwen 2.0 a "substantial upgrade from its predecessor," which was introduced in April . China's biggest cloud computing and e-commerce player announced Tongyi Qianwen 2.0, its latest large language model (LLM). A LLM is trained on vast amounts of data and forms the basis for generative AI applications such as ChatGPT, which is developed by U.S. firm OpenAI. Tongyi Qianwen 2.0 "demonstrates remarkable capabilities in understanding complex instructions, copywriting, reasoning, memorizing, and preventing hallucinations," Alibaba said in a press release. The Hangzhou-headquartered company also announced the GenAI Service Platform, which lets companies build their own generative AI applications, using their own data.

Persons: Alibaba, Tongyi Organizations: Artificial Intelligence, U.S, Tuesday, Microsoft, OpenAI, Amazon Locations: Shanghai, Hangzhou, China

☆ Earth’s core may have been leaking helium for millions of years
▼ + stars: | 2023-10-27 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

They wanted to investigate the rocks that may contain insights about the contents locked within Earth’s core and mantle, the mostly solid layer of Earth’s interior located beneath its surface. Helium inherited from the solar nebula likely became locked in Earth’s core as the planet formed, making the core a reservoir of noble gases. “So, the helium we measured in these rocks would have escaped the core perhaps 100 million years ago or possibly much earlier.”Helium leaking from Earth’s core doesn’t affect our planet or have any negative implications, he said. If so, have fluxes of these elements from the core over (Earth’s) history influenced planetary evolution? I am excited to investigate links between helium and other light elements,” Horton said.

Persons: ”, Forrest Horton, ” Horton, It’s, Solveigh Lass, Evans, Finlay Stuart, Horton, “ Organizations: CNN —, Oceanographic, University of Edinburgh, Qikiqtani Inuit Association, Nunavut Research Institute, NASA Locations: Nunavut, Canada, Nature, Baffin, Greenland, North America

☆ Big Tech earnings highlighted big spending on artificial intelligence. Here's what it means for AI king Nvidia
▼ + stars: | 2023-10-27 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

All four companies are buyers of Nvidia's cutting-edge AI chips, which dominate the market for training the massive models that power applications like the viral ChatGPT. "I think that Nvidia is the quiet partner behind the winners including Microsoft," Jim Cramer said Friday. Notably, about 3 percentage points of Azure's growth was linked to customer AI spending, Hood said. Amazon Amazon's results and earnings call Thursday added to the body of evidence on AI spending as a priority at U.S. tech giants. This week's slate of Big Tech earnings left little doubt that, as more Nvidia chips become available, there will be a place inside data centers for them to go.

Persons: haven't, —, Jensen Huang, Jim Cramer, NVDA, Jim, Amy Hood, Hood, Ruth Porat, Porat, Susan Li, Brian Olsavsky, Andy Jassy, Jassy, It's, Jim Cramer's, Jensen Huang Getty Organizations: Nvidia, Big Tech, Microsoft, Facebook, U.S, Google, Broadcom, AWS, Loop, Taiwan Semiconductor Manufacturing Company, CNBC Locations: China, OpenAI, Amazon's

Egypt's military spokesman Colonel Gharib Abdel-Hafez said two drones were fired from the southern Red Sea aiming north. Israeli military spokesperson Daniel Hagari said that combat helicopters had been scrambled when "an aerial threat was spotted in the Red Sea region". EGYPT EXPOSED"The air force and air defence force are intensifying efforts to secure Egyptian airspace on all strategic directions," the Egyptian military said. The U.S. said last week a Navy warship in the Red Sea intercepted projectiles launched by the Houthi, potentially toward Israel. Bordering both Gaza and Israel, Egypt is exposed to the conflict that blew up after Hamas' Oct. 7 assault on Israel and the subsequent bombardment of the Gaza Strip.

Persons: Ahmed Ona, Yemen's, Israel, Houthi, Gharib Abdel, Hafez, Daniel Hagari, Emily Rose, Dan Williams, Ahmed Mohamed Hassan, Nafisa Eltahir, Ahmed Tolba, Hatem Maher, Mai Shams El, Yusri Mohamed, Nayera Abdallah, Nadine Awadalla, Ahmed Elimam, Rami Ayyub, Nafisa, Michael Perry, Andrew Cawthorne, Jonathan Oatis, Cynthia Osterman Organizations: Reuters, REUTERS Acquire, Navy, Red, Thomson Locations: Red, Nuweiba, Egypt, Israel, Gaza, CAIRO, JERUSALEM, Yemen's Iran, Iran, Yemen, Taba, EGYPT, United States, Cairo, Eilat, Jerusalem, Ismailia, Dubai

☆ 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.
▼ + stars: | 2023-10-27 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Microsoft and Google, the next two biggest American cloud providers, also saw cloud revenue growth rates slow this year. Microsoft Azure and other cloud services saw revenue growth of 29%, down from 35% this time last year. Wall Street has been hopeful that generative AI will provide a much-needed revenue boost for the big three cloud providers. The one exception is Microsoft, which has spent billions investing in generative AI startup OpenAI, maker of the chatbot ChatGPT. Amazon CEO Andy Jassy stressed on the earnings call Thursday that generative AI is still in its "early days."

Persons: Karl Keirstead, they're, they'd, Rishi Jaluria, Andy Jassy, Jassy, Ellen Thomas Organizations: Microsoft, Web Services, Google, UBS, Enterprises, Wall, RBC Capital Markets, Amazon Locations: Ukraine, Israel, ethomas@insider.com

☆ 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.
▼ + stars: | 2023-10-27 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Rates of cloud-computing sales growth slowed to historical lows this year as customers slashed IT budgets. Microsoft and Google, the next two biggest American cloud providers, also saw rates of cloud-revenue growth slow this year. Microsoft's Azure and other cloud services saw revenue growth of 29%, down from 35% this time last year. Google this week reported a 22% year-over-year increase in cloud revenue the past quarter, down from 28% the previous quarter. The company attributed this to customer "optimization," or looking for ways to save money on cloud services.

Persons: Karl Keirstead, they're, they'd, Rishi Jaluria, Andy Jassy, Jassy, Ellen Thomas Organizations: Microsoft, Web Services, Google, Enterprises, UBS, Wall, RBC Capital Markets, Amazon Locations: Ukraine, Israel, ethomas@insider.com

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