Amazon cloud unit speeds up revenue growth as clients adopt AI services
Publishing timestamp: 2024-02-01 19:47:35
Summary
Amazon Web Services (AWS) reported higher profitability than expected in the fourth quarter, with revenue in line with projections. AWS expanded its Nvidia partnership and introduced an artificial intelligence training chip. While AWS continues to grow, its top U.S. competitors, Microsoft and Google, saw faster revenue growth in their cloud services. Amazon CEO Andy Jassy highlighted the increasing traction of cloud services for artificial intelligence.
Sentiment: MIXED
Keywords: amazon.com inc, business, nvidia corp, generative ai, technology, breaking news: technology, earnings, breaking news: earnings, business news, enterprise, artificial intelligence,
Source: https://www.cnbc.com/2024/02/01/aws-q4-earnings-report-2023.html