Amazon reports cloud unit grew at fastest pace since 2022

Strong performance of Amazon’s cloud business soothed investor fears of an AI bubble. Read more at straitstimes.com. Read ...

Amazon’s stock jumps as AWS cloud growth accelerates

In a statement, Amazon Chief Executive Andy Jassy (pictured) said AWS is now growing at a pace that hasn’t been seen since 2022, primarily due to demand for AI resources. “We continue to see strong ...

Amazon juggernaut continues hauling in more cash despite recent bad news

Amazon also saw its free cash flow fall to $14.8 billion, compared to $47.8 billion in Q3 2024, "driven primarily by a ...

Here’s How the AI Crash Happens

The AI boom is visible from orbit. Satellite photos of New Carlisle, Indiana, show greenish splotches of farmland transformed ...

Tim Cook confirms Apple’s systems will ‘integrate with more’ AI providers beyond OpenAI

Alongside today’s earnings conference call, Apple CEO Tim Cook also spoke with CNBC, where he addressed Apple’s predicament ...
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Amazon Q3 Results: CEO Jassy Will Keep Spending To Meet AI Demand

Amazon.com plans to continue spending on capacity to meet demand for artificial intelligence and cloud products.