AWS annual revenue run rate hits $100 billion as growth accelerates
AWS delivered Q1 operating income of $9.4 billion on revenue of $25 billion, up 17% from a year ago.
AWS delivered Q1 operating income of $9.4 billion on revenue of $25 billion, up 17% from a year ago.
The headliners for Amazon Q are Amazon Q Developer, a coding assistant, Amazon Q Business, designed to make employees more productive, and Amazon Q Apps, which are part of Amazon Q Business and can automate business tasks.
Coursera CEO Jeff Maggioncalda said, "we remain in the early stages of understanding how generative AI will reshape the way we live, learn and work."
Snapchat made a bet on using machine learning and AI to improve its advertising platform, increase content engagement and ultimately revenue growth. If it could optimize its infrastructure spending, Snapchat would be able to grow the bottom line.
Every enterprise technology stack needs neutral vendors. The problem is that these neutral vendors are acquired if they become too successful. Once these neutral vendors are acquired it's all about the cross-sell game under new ownership.
SoundCommerce Co-Founder and CEO Eric Best said retail winners will increasingly be determined by how they leverage data and artificial intelligence to drive customer lifetime value.
The chipmaker, which is trying to catch up in AI processors, said it expects second quarter revenue between $12.5 billion to $13.5 billion, well below the $13.61 billion Wall Street expected.
Alphabet's Google Cloud business is now pushing a $40 billion annual revenue run rate as the company overall delivered strong first quarter results.
Microsoft reported a strong third quarter with revenue growth was 17% with Microsoft Cloud revenue up 23% from a year ago. Azure and other cloud services revenue growth was 31% driven by AI services.
Rubrik, an enterprise backup and recovery company, has filed for an initial public offering in a move that indicates a new batch of security vendors are likely to hit the market as companies prep their post-breach strategies.
As long as the ad revenue continues to flow into Meta properties such as Facebook and Instagram, CEO Mark Zuckerberg is going to invest aggressively in an AI buildout. "I think it makes sense to go for it," he said.
ServiceNow posted strong first quarter results and said its genAI offerings are the "fastest selling in the company’s history."