Amazon gets more fuel for AI race
Capital spending under CEO Andy Jassy will go up “meaningfully,” but record operating margins driven by retail, cloud and advertising will ease the pain.
Source: livemint.com
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Meta, Amazon report robust numbers; Apple posts mixed results
These three tech companies are part of the so-called
Source: moneycontrol.com
amazon results: Amazon posts AI-fueled cloud, ecommerce growth, shares jump
Amazon's plan to acquire iRobot for $1.4 billion has been halted by European regulators, despite the company's strong fourth-quarter sales and revenue growth from generative AI features in its cloud and ecommerce businesses. AWS CEO Andy Jassy highlighted the incorporation of generative AI into many of its services, with the expectation that it will drive tens of billions of dollars of revenue in the coming years.
Source: indiatimes.com
Rapido's cab-hailing entry; Amazon's Q3 show with overseas push
Ride-hailing platform Rapido, known for venturing into this space with bike taxis, is now testing cabs on its platform. This and more in todays ETtech Top 5.
Source: indiatimes.com
amazon q2 preview: Amazon Q2 preview: investors eye revenue, cloud growth and retail margins
Investors want to know how Amazon Web Services (AWS), the company's cloud provider, stands up against Microsoft and Google's, which both on Tuesday reported slowed growth in their cloud businesses.
Source: indiatimes.com